Answer:
This question speaks to Computer Science.
The missing word is Correction.
Thus the complete sentence is: Industry studies suggest that design activities introduce correction of all errors during the software development process.
Explanation:
Requirements engineering is a branch of software development which appraises the needs that the software intends to meet and ensures that expectations are met. Errors at this stage can be very costly to correct if detected after the software is completed.
It is best practice for errors to be corrected during the feasibility stage. The next best phase to correct debug for errors and do major overhauls is during the design phase.
Cheers
Determine the amount of depletion expense that would be recognized on the Year 1 income statement for each of the two reserves, assuming 14,800 tons of silver were mined and 510,000 board feet of lumber were cut. Determine the amount of depletion expense that would be recognized on the Year 2 income statement for each of the four reserves, assuming 29,000 tons of silver are mined, 370,000 board feet of lumber are cut, 4,200 tons of gold ore are mined, and 83,000 barrels of oil are extracted. Prepare the portion of the December 31, Year 2, balance sheet that reports natural resources.
Answer:
Kindly check the explanation section.
Explanation:
STEP ONE: calculate or Determine the depletion expense per unit. .
For oil reserves, the depletion expense = 1376000 - 0/ 257000 - 12000 = $5.76.
For timber, the depletion expense = 2080000 - 112000/ 1770000 = $1.11.
For silver mine, the depletion expense = 1840000 - 0/ 131000 = $14.05.
For Gold mine, the depletion expense = 3070000 - 0/63000 = $48.73.
STEP TWO : Determine or calculate the total depletion expense.
For the year 2018, the total depletion expense for; (a). silver mine= 14.05 × 14800 = $ 207,940.
(b). Timber = 1.11 × 51000 = $566100.
For 2019, the the total depletion expense for; (a). silver mine= 14.05 × 29000 = 407,450
(b). Timber = 1.11 × 370,000 = 410,700.
(c). Gold mine = 48.73 × 4200 = 204,666.
(d). Oil reserve = 5.76 × 83,000 = 478,080.
STEP THREE:
SILVER MINE: 1840000
- Accumulated depletion = ($ 407,450 + $ 207,940) = 615,390.
(1). Thus, 1840000 - 615,390 = 1,224,610.
GOLD MINE = 3070000.
Accumulated depletion = 204,666.
(2). Therefore, we have 3070000 - 204666 = 2,865,334.
TIMBER: 2080000.
Accumulated depletion = ( $566100 + 410,700) = 976,800.
Residual value of land = #112000.
(3). Therefore, (2080000 - 976,800) - 112,000 = 991,200.
OIL RESERVES: 1376000.
Accumulated depletion= 478,080.
(4). Therefore, 1376000 - 478,080 = 897,920.
Hence, we have the total natural resources = (1) + (2). + (3). + (4). =
1,224,610 + 2,865,334 + 991,200 + 897,920 = $ 5,979,064.
Therefore, 5,979,064 - 112,000 = $ 5,867,064.
Graciela Treadwell won a lottery. She will have a choice of receiving $25,000 at the end of each year for the next 30 years, or a lump sum today. If she can earn a return of 10 percent on any investment she makes, what is the minimum amount she should be willing to accept today as a lump-sum payment? (Round to the nearest hundred dollars.
A. $235,700
B. $750,000
C. $334,600
D. $212,400
Answer: A. $235,700
Explanation:
Minimum value will be the present value of the yearly payments for the next 30 years at 10%.
This is a steady amount so it is an annuity.
Present value of annuity = 25,000 * Present value annuity factor, 30 years , 10%
= 25,000 * 9.4269
= $235,672.5
= $235,700
Benton Company manufactures a part for its production cycle. The costs per unit for 38,000 units of the part are as follows: Direct Materials $3.00/unit Direct Labor $5.00/unit Variable Factory Overhead $3.00/unit Fixed Factory Overhead $4.00/unit Total Costs $15.00/unit The fixed factory overhead costs are unavoidable. Assume no other use for the facilities. What is the highest price Benton Company should pay for the part from an outside supplier
Answer: $418,000
Explanation:
The Fixed costs are unavoidable so even if Brenton bought from an outside supplier they would still incur it.
It is therefore not a relevant cost.
The cost of producing internally therefore is;
= 3 + 5 + 3
= $11 per unit
Cost = 38,000 * 11
= $418,000
Maximum they should pay for the part outside is $418,000. Anything more and they would be better off producing for themselves.
Bond Ratings. Companies pay rating agencies such as Moody’s and S&P to rate their bonds, and the costs can be substantial. However, companies are not required to have their bonds rated in the first place; doing so is strictly voluntary. Why so you think they do so?
Answer:
Bond Ratings
Companies employ rating agencies such as Moody's and S&P to rate their bonds despite the substantial costs and their voluntariness because ratings by these agencies add a badge of honor to the bonds. It gives investors some level of assurance that the bonds will be honored at maturity and that the pricing is right, given the company's credit risk.
Explanation:
Credit risk rating agencies assess the credit risk of a company or financial product as formal and credit-worthy benchmarks for investment decisions. While companies pay huge costs to have these ratings conducted by the big three, including Moody's, S&P, and Fitch, the main value goes to the potential investors who require the information to decide whether to invest in the rated companies.
Select Foods Inc. uses activity-based costing to determine product costs. For each acitivty listeed in the left column, match an appropriate activity base from the right column. You may use items in the activity-base list more than once or not at all.
Activity Activity Base
Accounting reports Engineering change orders
Customer return processing Kilowatt hours used
Electric power Number of accounting reports
Human resources Number of customers
Inventory control Number of customer orders
Invoice and collecting Number of customer returns
Machine depreciation Number of employees
Materials handling Number of inspections
Order shipping Number of inventory transactions
Payroll Number of machine hours
Production control Number of material moves
Production setup Number of payroll checks processed
Purchasing Number of production orders
Quality control Number of purchase orders
Sales order processing Number of sales orders
Number of setups
Answer:
kindly check the explanation section.
Explanation:
So, without mincing words, let us dive straight into the solution to the question/problem. So, the question simply require matching Accounting reports that is the activity to the correct activity base for each of the activities provided.
Here is how it looks like;
Activity = Activity Base
[1]. Accounting reports = Number of Accounting reports.
[2]. Customer return processing = Number of customer returns.
[3]. Electric power = Kilowatts Hours used.
[4]. Human resources = number of employees.
[5]. Inventory control = number of inventory transactions.
[6]. Invoice and collecting = number of customers.
[7]. Machine depreciation = number of machine hours.
[8]. Materials handling = number of materials move.
[9]. Order shipping = number of customer orders.
[10]. Payroll = number of payroll checks proposed.
[11]. Production control = number of production orders.
[12]. Production setup = number of setups.
[13]. Purchasing = number of purchase orders.
[14]. Quality control = number of inspections.
[15]. Sales order processing = number of sales orders.
Assume the following (1) variable expenses = $300,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 25%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true? Multiple Choice The total contribution margin = $225,000 The variable expense ratio is 300% The total sales = $400,000 The total fixed expenses = $75,000
Answer:
The total sales = $400,000
Explanation:
Given the information below,
Total sales = $10,000
Variable expenses = $300,000
Contribution margin = 25%
Net operating income = $10,000
Total sales
[300,000 / (1-25%)].
$400,000
Less: Variable expenses
($300,000)
Contribution margin
($100,000)
Less: Fixed cost
[400,000 - 300,000 - 10,000]
($90,000)
Net Operating income
$10,000
The correct answer is ; The total sales = $400,000
The risk-free rate of return is 4%, the expected rate of return of the market is 10%, and High-Flyer stock has a beta coefficient of 1.4. If the dividend per share expected during the coming year, D1, is $4.00 and g = 6%, at what price should a share sell?
Answer:
$62.50
Explanation:
The computation of the price that a share sell is shown below:
The Required rate of return is
= Risk free rate + Beta × (Market rate of return - Risk free rate of return)
= 4% + 1.4 × (10%-4%)
= 12.4%
Now
Price of the share is
= expected dividend of next year ÷ (Required rate of return - Growth rate)
= D1 ÷ (ke - g)
= $4 ÷ (0.124 - 0.06)
= $62.50
When referring to the size and scope of business, which option should be included?
Wholesale vs. Retail
For-Profit vs. Nonprofit
Domestic vs. Global
Public vs. Private
In your own words define the political structure as presented by Bolman and Deal
and give an example of a political issue you found in the Wall Street Journal, cite
your example.
Answer:
According to Bolman and Deal, the organizational structure can be defined as the idea of the convergence of four aspects of institutional, human resources, political and symbolic aspects that function together.
Explanation:
Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or "catch-up" as the project is being implemented. Why is it critical to develop a time-phased baseline? Subscribe to unlock
Answer:
Explain the risks associated with leveling resources, compressing or crashing projects, and imposed durations or "catch-up" as the project is being implemented.
a project manager will try to level resources in order to even out the use of resources throughout the whole project, but that can result in a deficit of resources during critical times. E.g. trying to use 25% of resources during each year for a project that lasts 4 years. But some activities require a lot o resources but last a short time, while other activities might last longer and consume fewer resources. a project manager will try to compress a project's schedule because he/she wants to finish early, ideally without affecting the project's scope. The problem with compressing a project is that you might have to skip or eliminate certain activities in order to so so. E.g. a lot of pharmaceutical companies are trying to develop a vaccine that ends the current health crisis, and their rush are not following the appropriate steps. crashing activities refers to trying to finish some critical activity early by assigning more resources to it. The risks of crashing critical activities is that they might not be well done, or it might be too expensive.Why is it critical to develop a time-phased baseline?
Without a well done time-phased baseline, it is very difficult to prepare a project schedule, or at least one that actually works. It is also important because it is very useful for cost control, and projects can easily go out of control and cost more than their budget.
to beter take into account the differential impact of fixed and variable costs, marketing managers canuse ____ pricing
Answer:
target return pricing
Explanation:
Target return pricing is a pricing method that uses a very simple formula:
target price = [unit cost + (desired return x capital)] /unit salesThe price is based on the ROI that the company expects from a certain product (or project).
Even though this is a fairly simple method for pricing a good or service, it can also have serious negative consequences:
it doesn't take in account consumers' tastes or preferenceswhat happens if the expected ROI is too high, that could kill a project that could have been successful otherwisethe time frames are not always exact, e.g. you believed that a project would last 5 years, but due to a technological breakthrough it only lasts 4In order to successfully apply this type of pricing strategy, a company must be able to achieve or exceed their sales goals.
Hill Industries had sales in 2016 of $6,800,000 and a gross profit of $1,100,000. Management is considering two alternative budget plans to increase its gross profit in 2017.
Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan B would decrease the selling price per unit by $0.50. The marketing department expects that the sales volume would increase by 100,000 units.
At the end of 2016, Hill has 40,000 units of inventory on hand. If Plan A is accepted, the 2017 ending inventory should be equal to 5% of the 2017 sales. If Plan B is accepted, the ending inventory should be equal to 60,000 units. Each unit produced will cost $1.80 indirect labor, $1.40 indirect materials, and $1.20 in variable overhead. The fixed overhead for 2017 should be $1,000,000.
1. Prepare a sales budget for 2017 under each plan. (Round Unit selling price answers to 2 decimal places, e.g. 52.70.)
2. Prepare a production budget for 2017 under each plan.
3. Compute the production cost per unit under each plan. (Round answers to 2 decimal places, e.g. 1.25.)
4. Compute the gross profit under each plan.
5. Which plan should be accepted?
Answer:
Results are below.
Explanation:
Giving the following information:
Plan A:
Selling price= $8.4
Sales in units= (6,800,000/8)*0.9= 765,000
Ending inventory should be equal to 5% of the 2017 sales.
Plan B:
Selling price= $7.5
Sales in units= 850,000 + 100,000= 950,000
Ending inventory should be equal to 60,000 units.
Beginning inventory= 40,000 units
Total unitary variable cost= 1.8 + 1.4 + 1.2= $4.4
Total fixed overhead= $1,000,000
a)
Plan A:
Sales in units= (6,800,000/8)*0.9= 765,000
Sales in dollars= 765,000*8.4= $6,426,000
Plan B:
Sales in units= 850,000 + 100,000= 950,000
Sales in dollars= 950,000*7.5= $7,125,000
b) Production= sales + desired ending inventory - beginning inventory
Plan A:
Production= 765,000 + (765,000*0.05) - 40,000
Production= 763,250
Plan B:
Production= 950,000 + 60,000 - 40,000
Production= 970,000
c)
Plan A:
Unitary variable cost= 4.4
Unitary fixed cost= 1,000,000/763,250= 1.31
Total unitary cost= $5.71
Plan B:
Unitary variable cost= 4.4
Unitary fixed cost= 1,000,000/970,000= 1.031
Total unitary cost= $5.43
d) Gross profit= sales - cost of goods sold
Plan A:
Gross profit= 6,426,000 - 765,000*5.71= $2,057,850
Plan B:
Gross profit= 7,125,000 - 950,000*5.43= $1,966,500
e) The best plan is the one with the highest profit. In this case, Plan A is better.
Knowledge Check 01 The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for ________. all overhead costs fixed overhead costs selling and administrative expenses variable overhead costs Knowledge Check 02 Absorption costing income statements ignore ________. direct materials and direct labor costs direct and indirect cost distinctions product and period cost distinctions variable and fixed cost distinctions Knowledge Check 03 When the number of units produced is greater than the number of units sold, variable costing net operating income will be ________. the same as absorption costing net operating income greater than absorption costing net operating income less than absorption costing net operating income
Answer:
Fixed overhead costs
Variable and fixed cost distinctions
less than absorption costing net operating income
Explanation:
Fixed overhead costs are costs that do not change with change in the volume of production activity. Rent of the production facility is an example of fixed overhead cost.
Variable costs are costs that change with change in the volume of production activity. Tax is an example of variable cost.
between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for Fixed overhead costs. all overhead costs fixed overhead costs selling and administrative expenses variable overhead costs Knowledge Check 02 Absorption costing income statements ignore Variable and fixed cost distinctions. direct materials and direct labor costs direct and indirect cost distinctions product and period cost distinctions variable and fixed cost distinctions Knowledge Check 03 When the number of units produced is greater than the number of units sold, variable costing net operating income will be less than absorption costing net operating income. the same as absorption costing net operating income greater than absorption costing net operating income less than absorption costing net operating income
Ivanhoe Construction Company had a contract starting April 2021, to construct a $23000000 building that is expected to be completed in September 2023, at an estimated cost of $21000000. At the end of 2021, the costs to date were $7560000 and the estimated total costs to complete had not changed. The progress billings during 2021 were $3800000 and the cash collected during 2021 was 3100000. Ivanhoe uses the percentage-of-completion method. At December 31, 2021 Ivanhoe would report Construction in Process in the amount of:
Answer:
$8280000
Explanation:
From the given information;
The percentage of the completion method used in construction is equal to the contract price multiplied by the percentage of estimated total cost incurred to date i.e.
Cumulative cost to date $7560000
Estimated total cost $21000000
Percentage of completion 36% ( $7560000/ $21000000 )
The contract price for this project is $23000000
Therefore,
At December 31, 2021 Ivanhole would report construction in process in the amount of: $23000000 × 36%
= $8280000
1. When will countries trade? Assuming 2 goods, food and clothing, and that both countries’ preferences are homothetic (but not necessarily identical), determine whether two countries will trade in each of the following situations: (a) Countries have identical preferences and identical endowments. (b) Countries have identical preferences, their endowments differ, and their endowments are not in the same ratio of food to clothing. (c) Countries have identical preferences, their endowments differ, but the ratio of food to clothing is the same in both countries. (d) Countries have identical endowments but different preferences. (e) Countries have both different preferences and different endowments.
Answer:
(a) Countries have identical preferences and identical endowments.
Explanation:
Analyzing the statement, there is information that the preferences of countries are homothetic (but not necessarily identical) with respect to the 2 goods, food and clothing.
That is why it is correct to state that countries will not trade with each other, as countries have identical preferences and identical allocations, which means that the demands for these goods will be related to the prices of the goods and not in relation to income or preferences.
Therefore, there is no need to commercialize these two goods between these countries, except in situations of scarcity.
The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on the five departments follow:_____.
Service Departments Operating Departments
Administration Janitorial Maintenance Binding Printing Total
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600
Number of employees 60 35 140 315 210 760
Square feet of space occupied 15,000 10,000 20,000 40,000 100,000 185,000
Hours of press time 30,000 60,000 90,000
Required:
Assuming that the company uses the direct method rather than the step-down method to allocate service department costs, how much cost would be assigned to each operating department? (Please enter allocations from a department as negative and allocations to a department as positive. The line should add across to zero. Do not round intermediate calculations. Round your answers to the nearest dollar amount.)
Answer:
The Ferre Publishing company
Service Costs Assigned to each Operating Department:
Service Departments Operating Departments
Admin. Janitorial Mainten. Binding Printing Total
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600
Admin (168,000) 100,800 67,200 0
Janitorial (126,000) 36,000 90,000 0
Maintenance (57,600) 19,200 38,400 0
Total cost $486,000 $711,600 $1,197,600
Explanation:
a) Data and Calculations:
Service Departments Operating Departments
Administration Janitorial Maintenance Binding Printing Total
Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600
Number of
employees 60 35 140 315 210 760
Square feet of
space occupied 15,000 10,000 20,000 40,000 100,000 185,000
Hours of
press time 30,000 60,000 90,000
Allocation bases:
Administration cost = Number of employees 525
Janitorial cost = Square feet 140,000
Maintenance cost = Hours of press time 90,000
Allocation Rates and to Operating Departments:
Administration $168,000/525 = $320 per employee
Binding = 315 * $320 = $100,800
Printing = 210 * $320 = $67,200
Janitorial costs = $126,000/140,000 = $0.90 per square feet
Binding = 40,000 * $0.90 = $36,000
Printing = 100,000 * $0.90 = $90,000
Maintenance costs = $57,600/90,000 = $0.64 per press hour
Binding = 30,000 * $0.64 = $19,200
Printing = 60,000 * $0.64 = $38,400
Which of the following statements regarding the photoelectric effect is FALSE? Group of answer choices If you hit the surface with enough photons, no matter their frequency, you can eventually get an electron to be ejected. If a photon has more energy than is necessary, the electrons will gain speed. The photoelectric effect leads to the conclusion that light comes in packets, which we call photons. Any photon with a frequency greater than the threshold frequency can kick an electron out of a surface atom.
Answer:
If you hit the surface with enough photons, no matter their frequency, you can eventually get an electron to be ejected.
Explanation:
Photoelectric effect refers to the emission of electrons from a clean metal surface when the surface is irradiated with light of appropriate frequency or wavelength.
The minimum frequency required for photoelectric effect to occur is called the threshold frequency. Below the threshold frequency, no photoelectron is emitted from the metal surface. The intensity of the photo electrons does not affect the kinetic energy of the emitted photo electrons
When electromagnetic radiation like light collides with a matter or a surface than the released electrons are called photoelectrons and the consequence is called the photoelectric effect.
The correct answer is:
Option A. If you hit the surface with enough photons, no matter their frequency, you can eventually get an electron to be ejected.
This can be explained as:
The least quantity of energy needed to stimulate and eject an electron is called threshold energy.Under this frequency, no electrons get discharged.The kinetic energy of the ejected photoelectrons is not influenced by the frequency of photoelectrons.Therefore, this statement is false. A specific amount of frequency is required for an electron to get emitted.
To learn more about the photoelectric effect follow the link:
https://brainly.com/question/9260704
in your opinion, does making a lot of money automatically mean you have a large savings account ? why or why not ILL MARK BRAINLIST !!!
Answer:
I don't think so, because it still depends on the one who is saving the money, for example, you are earning a low amount of salary, then of course you will be watchful on how you will spend your money. and if you are earning a large amount of salary, you would think that since you have a lot, you can already spend them in any way that you want, which leads to low savings.
"You decide to purchase a building for $30,000 by paying $5,000 down and assuming a mortgage of $25,000. The bank offers you a 15-year mortgage requiring annual end-of-year payments of $3,188 each. The bank also requires you to pay a 3 percent loan origination fee, which will reduce the effective amount the bank lends to you. Compute the annual percentage rate of interest of this loan."
Answer:
10%
Explanation:
total loan = $25,000 x (1 - 3%) = $24,250
the present value of an annuity formula:
PV = annual payment x annuity factor
annuity factor = PV / annual payment = $24,250 / $3,188 = 7.607
the formula to calculate PV annuity factor is [1 - 1/(1 + i)ⁿ ] / i
7.607 = [1 - 1/(1 + i)¹⁵ ] / i
7.607i = 1 - 1/(1 + i)¹⁵
1/(1 + i)¹⁵ = 1 - 7.607i
1 / (1 - 7.607i) = (1 + i)¹⁵
after a lot of math:
i = 10%
1 / (1 - 0.7607) = 1.1¹⁵
4.18 = 4.18
Catharine, Inc. is considering issuing additional long-term debt to finance an expansion. The company currently has $20 million in 5% debt outstanding. Its earnings after-tax (EAT) are $3.0 million, and its marginal and average tax rate is 40 percent. The company is required by the debt holders to maintain its times interest earned ratio at 3.0 or greater. How much additional 10 percent debt can Catharine, Inc issue now and maintain its times interest earned ratio at 3.0
Answer:
$10 million
Explanation:
Calculation for How much additional 10 percent debt can Catharine, Inc issue
First step is to find the EBT
EBT = $3.0 / (1 - 0.40)
EBT= $5.0
Second step is to find the EBIT
EBIT = $5.0 + $1.0
EBIT= $6.0
Third step is to find the Interest permitted using this formula
Interest permitted = EBIT / Times interest earned
Let plug in the formula
Interest permitted = $6.0 / 3.0
Interest permitted = $2.0
Fourth step is to find the Additional interest amount
Additional interest = $2.0 - $1.0
Additional interest = $1.0
Last step is to compute the Additional debt amount
Additional debt = $1.0 / 0.1
Additional debt= $10 million
Therefore the Additional debt will be $10 million
PMI members have determined that ________ are the values that drive ethical conduct for the project management profession. honesty, responsibility, respect and fairness meeting objectives, goals, and results to forego profits and efforts to beat the competition
Answer:
honesty, responsibility, respect and fairness.
Explanation:
Project management can be defined as a strategic process which typically involves planning, execution and completion of a project at a specific period of time, through the use of knowledge, skills and experience.
In project management, an important factor that plays a significant role in the daily behavior and interaction between all project managers and their client is ethics.
Hence, project Management Institute (PMI) members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession.
Generally, all parties such as clients, employees, taxpayers, stakeholders and vendors have rest of mind as a result of the code of ethics (honesty, responsibility, respect and fairness) that are binding on project management professionals.
You and your best friend watch the same television commercial together. You think that thespokesperson in the ad is quite humorous. Your friend thinks that the spokesperson is just plain stupid. This is an example of:
Answer:
the creation of different meanings based on social and cultural context.
Explanation:
In our daily interactions with others, we tend to come across people whose values are different from ours. The difference can be attributed to different cultural and social backgrounds. Culture is a people's way of life. This embraces their beliefs, values, religion.
When people have different values, they tend to see things differently. That can account for the reason why a friend would view an ad as humorous, while another would view it as plain stupid.
A project that will last for 10 years is expected to have equal annual cash flows of $103,900. If the required return is 8.4 percent, what maximum initial investment would make the project acceptable? Multiple Choice $638,392.96 $595,833.43 $1,534,047.75 $655,213.49 $684,772.10
Answer:
PV= $684,772.1
Explanation:
Giving the following information:
A project that will last for 10 years is expected to have equal annual cash flows of $103,900. If the required return is 8.4 percent.
First, we need to calculate the future value of the cash flows:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {103,900*[(1.084^10) - 1]} / 0.084
FV= $1,534,047.75
Now, we can determine the present value:
PV= FV/(1+i)^n
PV= 1,534,047.75 / (1.084^10)
PV= $684,772.1
Skipper Company manufactures toy boats and uses an activitybased costing system. The following information is provided for the month of May: Activity Estimated Indirect Activity Costs Allocation Base Estimated Quantity of Allocation Base Materials handling Number of parts parts Assembling Number of parts parts Packaging Number of boats boats Each boat consists of four parts, and the direct materials cost per boat is . There is no direct labor. What is the total manufacturing cost per boat? (Round any intermediate calculations and your final answer to the nearest cent.)
Answer:
$ 22.97
Explanation:
Calculation for the total manufacturing cost per boat
First step is to Calculate the Activity rates
Activity Cost Pool Activity driver Overhead Cost (A) Expected Activity (B) Activity rate (A/B)
Materials handling Number of Part
$ 3,300÷ 3000 =$ 1.10 Per Part
Assembling Number of Part
$ 4,800÷3000 =$ 1.60 Per Part
Packaging Number of Boat
$ 6,000÷ 1300 =$ 4.62 Per Boat
Second step is to Calculate the Cost assigned to Boat
Activity name Activity Rates Activity ABC Cost
(A) (B) (A x B)
Materials handling
$ 1.10 × 4.00=$ 4.40
Assembling
$ 1.60 × 4.00 =$ 6.40
Packaging
$ 4.62 × 1.00 = $ 4.62
Total Overheads assigned per boat $ 15.42
($4.40+$6.40+$4.62)
Last step is to Calculate for the total manufacturing cost per boat
Boat
Direct material $ 7.55
Direct labor $0
Overheads $15.42
Total Cost per unit $ 22.97
($7.55+$15.42)
Therefore the total manufacturing cost per boat is $ 22.97
Pharoah Department Store is located in midtown Metropolis. During the past several years, net income has been declining because suburban shopping centers have been attracting business away from city areas. At the end of the company’s fiscal year on November 30, 2022, these accounts appeared in its adjusted trial balance.
Accounts Payable $ 26,400
Accounts Receivable 17,100
Accumulated Depreciation—Equipment 68,000
Cash 8,000
Common Stock 35,000
Cost of Goods Sold 609,960
Freight-Out 6,440
Equipment 159,160
Depreciation Expense 13,700
Dividends 12,000
Gain on Disposal of Plant Assets 2,000
Income Tax Expense 10,000
Insurance Expense 9,000
Interest Expense 5,000
Inventory 26,100
Notes Payable 43,500
Prepaid Insurance 6,000
Advertising Expense 33,500
Rent Expense 34,000
Retained Earnings 14,100
Salaries and Wages Expense 118,740
Sales Revenue 904,000
Salaries and Wages Payable 6,000
Sales Returns and Allowances 20,000
Utilities Expense 10,300
Answer:
Net Income = $35,360
Ending retained earnings = $37,460
Total Asset = Liabilities and Stockholders' Equity = 148,360
Explanation:
Note: This question is not complete as the requirement is omitted. The complete question is therefore presented before answering the question. See the attached pdf file for the complete question with the requirement.
The answer to the question is now presented as follows:
Prepare a classified balance sheet. (List current assets in order of liquidity.)
Note: See the third part of the attached excel file for the classified balance sheet.
A classified balance sheet can be described as a balance sheet that shows assets, liabilities, and shareholders' equity of a firm that are put or classified into different subcategories of accounts.
Note that in the attached excel file, the Income Statement and the Retained Earning Statement are prepared first in order to obtain the ending retained earning that is needed under the Stockholders' Equity in the classified balance sheet.
Cellular Access Inc., is a cellular telephone service provider that reported net operating profit after tax (or unlevered net profit) of $250 million for the most recent fiscal year. The firm had depreciation expenses of $100 million, capital expenditures of $200 million, no interest expense, and an income tax rate of 30%. Working capital increased by $10 million. Calculate the free cash flow for Cellular Access for the most recent fiscal year.
Answer: $65 million
Explanation:
The Free Cash Flow will be calculated as:
= EBIT(1-t) + Dep & Amortisation- Changes in Working Capital- Capital Expenditure
= 250(1-30%) + 100 - 200 - 10
= 250(0.7) + 100 - 200 - 10
= 175 + 100 - 210
= $65 million
Dr. Bob Jackson owns a parcel of land that a local farmer has offered to rent from Dr. Bob for the next 10 years. The farmer has offered to pay $20,000 today or an annuity of $3,200 at the end of each of the next 10 years. Which pay-ment method should Dr. Jackson accept if his required rate of return is 10 percent
Answer:
Dr. Jackson should accept the $20,000 paid today
Explanation:
you must analyse the present value of both payment options:
the present value of the $20,000 paid today is exactly $20,000the present value of the annuity = $3,200 x 6.1446 (PV annuity factor, 10%, 10 periods) = $19,662.72Since the present value of the immediate cash payment is higher than the annuity payment, Bob should choose that offer.
Gail Corporation is comparing two different capital structures: an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 160,000 shares of stock outstanding. Under Plan II, there would be 110,000 shares of stock outstanding and $1.4 million in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes. If Earnings Before Interest and Taxes (EBIT) is $650,000, what is the EPS for each plan? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Earnings per share (EPS) are: 12.Under Plan I = $_______ 13.Under Plan ll = $______ 14.What is the break-even EBIT? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Break-even EBIT = $______
Answer:
a. Under Plan I
No debt.
EPS = Earnings / Number of shares
= 650,000 / 160,000
= $4.06 per share
b. Under Plan II
Debt of $1.4 million.
Interest = 7% * 1.4 million
= $98,000
EPS = (650,000 - 98,000) / 110,000 shares
= $5.02 per share
c. Breakeven point.
What amount of Earnings will equate the two plans.
Assume earnings is e.
e / 160,000 = (e - 98,000) / 110,000
e * 110,000 = 160,000 * (e - 98,000)
110,000e = 160,000e - 15,680,000,000
160,000e - 110,000e = 15,680,000,000
e = 15,680,000,000/50,000
e = $313,600
The variance of a probability distribution is used to measure risk because a higher variance is associated with:_______
a. a wider spread of values around the mean.
b. a more compact distribution.
c. a lower expected value.
d. both a and b
e. all of the above
Answer:
The appropriate solution is Option a (a wider spread of values around the mean).
Explanation:
Probability distributions could be characterized for random or unknown variables that are continuous and even some discrete. Intuition became linked to the number of random variables samples' attributes. The probability distribution would have any probability P(x) among zero (0) and one (1) for ordinal variables as well as the total of all of the other probabilities become one.The many other suggestions made didn’t apply to the current case. Therefore the answer above would be correct.
The slopes of the curve at points A and B (maximum and minimum) are:
A.zero and zero
B. Infinity and zero
C. Zero and 1
D. 1 and zero
Answer:
A.zero and zero
Explanation:
The attached image shows the complete question.
The maximum and minimum points of a curve are points in which the slope equal to zero. The maximum point is the point with the highest value of y and a slope of zero while the minimum point is a point on the curve with lowest value of y and a slope of 0.
The image attached shows point A and point B. Point A is the maximum because it has a slope of 0 and highest value of y. At point B, the curve has a slope of zero with the smallest y-coordinate
