Answer:
Purchases= 3,500lbs
Explanation:
Giving the following information:
Production= 4,000*1.5= 6,000 lbs
Beginning inventory= 5,000 lbs
Ending inventory= 2,500 lbs
To calculate the direct materials purchase, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 6,000 + 2,500 - 5,000
Purchases= 3,500lbs
Answer:
Sledge Co./
3,500 Ibs. of raw materials must be purchased in March.
Explanation:
a) Data and Calculations:
Purchases of raw materials:
Expected ending inventory = 2,500 Ibs.
Production for March (4,000 x 1.5 Ibs.) = 6,000 Ibs.
Raw materials available for production = 8,500 Ibs.
Less beginning inventory = 5,000 Ibs.
Purchases = 3,500 Ibs.
b) The units to be purchase is the difference between raw materials expected to be available for production and the beginning inventory. Since the expected ending inventory is 2,500 Ibs. and the units to be produced during March is 4,000 units, which will use 6,000 Ibs (4,000 * 1.5 Ibs.), therefore, the total units of raw materials required is 8,500 Ibs. When the inventory of raw material is taken away, the difference is the Purchases of materials to be made during March.
Organizations sometimes pool the historical data from various, separate organizational databases into a common body of information called a(n):
Answer:
Data warehouse
Explanation:
Organizations sometimes pool the historical data from various, separate organizational databases into a common body of information called a data warehouse.
A data warehouse can be defined as a large collection of data gathered or collected from various sources within an organization and managed to provide a guide for making decisions by the management.
This ultimately implies that, a data warehouse avails the management of an organization the ability to collect, analyze and manage data in order to gain meaningful insights and aid in the decision-making process.
Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability policy was $55,800 for 18 months, and the crop damage policy was $19,200 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021?
Answer:
The balance of Eve's Prepaid Insurance account as of December 31, 2021 is $28,200
Explanation:
Computation of prepaid Insurance
Insurance 1 ($55,800*6/18) = $18,600
Insurance 2 ($19,200*12/24) = $9,600
Total Prepaid Insurance $28,200
According to the video, what are some examples of Postsecondary Education Administrators? Check all that apply.
Academic Deans,
Admission Directors ,
Department Heads,
College Tutors ,
Instructional Designers,
School Psychologists.
Answer: Its 1,2,3
Explanation: Got 100% on Ed!!!
The product life cycle does not have a major impact on decision-making.
A) True.
B) False.
Answer: Thats false.
To help solve this problem, the expert in this passage
suggests that consumers
recycle their old cell phones.
d
O stop purchasing cell phones.
refuse to buy cell phones made with coltan.
at
avoid using cell phones made in the Congo.
Explanation:
Suggests that consumers to recycle their old cell phones.
Answer:
a: recycle their old cellphones
Explanation:
Etxuck279 Inc. sells a particular textbook for $34. Variable expenses are $25 per book. At the current volume of 57,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:_____
a. $2,451,000
b. $513,000
c. $1,938,000
d. $1,425,000
Answer:
fixed costs= $513,000
Explanation:
Giving the following information:
Selling price= $34
Unitary variable cost= $25
Break-even point in units= 57,000
To calculate the fixed costs, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
57,000= fixed costs / 9
57,000*9= fixed costs
fixed costs= $513,000
Dynamo Corporation combines its assets and liabilities with those of Energy Company to form Fuel Inc. Dynamo and Energy cease to exist. The formation of Fuel Inc. is:______
a. a takeover.
b. a consolidation.
c. a liquidation.
d. a share exchange.
Answer:
Dynamo Corporation combines its assets and liabilities with those of Energy Company to form Fuel Inc. Dynamo and Energy cease to exist. The formation of Fuel Inc. is:______
a. a takeover.
Explanation:
The scenario implies that both Dynamo and Energy cease to exist as separate entities but become one now consolidated to be Fuel Inc. It means that Fuel Inc. took over the assets and liabilities of both Dynamo and Energy and they no longer exist as legal entities. Fuel Inc. is a new entity birthed by the fusion of Dynamo and Energy.
..............................
Rohan, the manager of a new product development team, wants to hold a meeting to get an update on the individual progress of the members of his team. Which type of meeting would best support this objective
Answer:
This question is incomplete, the options are missing. The options are the following:
a) An information-sharing meeting.
b) An information dissemination meeting.
c) A social meeting .
d) A symbolic meeting.
And the correct answer is the option A: An information-sharing meeting.
Explanation:
To begin with, the name of "Information-sharing meeting" is known in the world of business for refering to a type of meeting that basically focus on the fact of obtaining information from its members with the only purpose knowing how things are going according to the schedule that they have agreed on. Therefore that in this case when Rohan is looking for to know how the members of his team are going with the individual progress then he should definitely organize an information-sharing meeting for the group.
Glenrosa Company bought inventory from Monterosa Company, FOB destination. On December 31, the last day of the accounting year, the goods were on a truck owned by Common Carrier, Inc., and not expected to arrive until January 2. Which company should include these goods in its December 31 inventory?
A. Common Carrier
B. Monterosa
C. Glenrosa
D. None of them should include these goods in inventory.
Answer:
The correct option is (B) Monterosa
Explanation:
At the time when the goods are shipped so in the case of FOB destination the goods title would be transferred to the buyer at the time of reaching to the buyer destination as mentioned by the buyer. Till then it would be included in the seller's inventory
So as per the given situation, Monterosa should involves this goods in its closing inventory i.e. as on December 31
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding:
A. price ceiling, causing excess supply in the market.
B. price floor, causing excess supply in the market.
C. price floor, causing excess demand in the market.
D. price ceiling, causing excess demand in the market.
Answer:
c,but try to think how this is the ansi
What is the breakeven point, in dollars, for Zippy Dippy Swimwear, maker of bathing suits and accessories. They have the following costs:
raw materials: $15 per pair
labor costs: $8 per pair
commissions: $2 per pair
utilities: $50,000
rent: $96,000
taxes: $30,000
salaries: $150,000
Answer:
the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85.
total variable costs:
raw materials $15labor costs $8commissions $2total $25total fixed costs:
utilities $50,000rent $96,000salaries $150,000taxes $30,000total $326,000contribution margin per swimsuit and accessory =$85 - $25 = $60
break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units
break even point in $ = 5,434 x $85 = $461,890
Carl Cornfield purchases equipment for $450. After reducing the cash line where else would Carl put an entry for this purchase?
Cash Assets
Equipment Assets
Other Assets (includes receivables)
Liabilities - Accounts Payable
Owner's Equity
Answer:
equipment Assets
Explanation:
Security A: Probability 30% of Return 7%; Probability 50% of Return 12%; Probability of 20% of Return 17%. Security B: Probability 35% of Return 6%; Probability 65% of Return 16% What is the expected return for Security A
Answer:
the expected return for security A is 11.50%
Explanation:
The computation of the expected return for security A is shown below:
The Expected return for security A is
= Respective Return × respective probability
= (0.3 × 7) + (0.5 × 12) + (0.2 × 17)
= 11.50%
hence, the expected return for security A is 11.50%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
An investment of $100 pays interest of 2.5% per quarter. What will be the value of this investment at the end of 3 years
Answer:
FV= $107.76
Explanation:
Giving the following information:
Present value (PV)= $100
Interest rate (i)= 0.025/4= 0.00625
Number of periods (n)= 3*4= 12 quarters
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
FV= 100*(1.00625^12)
FV= $107.76
On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note, AZC honors the note and pays in full. The journal entry that Teal would make to record payment of this note would include a credit to:
Answer:a credit to Interest revenue for $200
Explanation:
Interest = Principal x rate x time ( period )
= $10,000 x 6% x 120/360
=$200
Account titles and explanation Debit Credit
Cash $10,200
Note receivable $10,000
Interest revenue $200
Therefore, The journal entry that Teal would make to record payment of this note would include a credit to Interest revenue for $200
A bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. What is its yield to maturity (YTM)?
Answer:
YTM = 0.070616 or 7.0616% rounded off to 7.06%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the coupon paymentF is the Face value of the bondP is the current value of the bondn is the number of years to maturityCoupon payment = 1000 * 0.08 = 80
YTM = [ (80 + (1000 - 1110 / 20)) / (1000 + 1110 / 2)
YTM = 0.070616 or 7.0616% rounded off to 7.06%
Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this activity will be reported under cash flows from _____ activities.
Answer:
Cash flow from financing activities
Explanation:
There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.
Cash flow statement shows the sources of cash coming into and going out of an organisation.
The major sources are operations, financing, and investing activities.
Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.
In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.
Bathtub Refinishing Oldsmar FL
Answer:
cool
Explanation:
All other things being equal, the numerical difference between a present and a future value corresponds to the amount of interest earned during the deposit or investment period. Each line on the following graph corresponds to an interest rate: 0%, 10%, or 20%. Identify the interest rate that corresponds with each line.
Answer:
im sorry but GOD BLEESED YOU
A(n) _____ involves moving an employee into a position with greater challenges, more responsibility, and more authority than in the previous job.
Which of the following should the closing paragraph not do?
Answer:
3
Explanation:
Answer: B - Describe why are you interested in the company
Explanation: that’s the correct answer !!!
You have developed a new brand of ice cream that you sell for 5.99 dollars per pint since it is a premium brand. Your sales estimate for the first year is 1 million pints, which will result in 5.99 million dollars in __________
A. gross profits
B. revenues
C. marginal contribution
D. profits
E. value
Answer:
The correct answer is the option B: Revenues.
Explanation:
To begin with, there is a significant difference between the words revenue and profit due to the fact that the first one indicates the amount of money that the person is receiving after making all of the sales that he can meanwhile the word profit refers to the amount of money that the person is taking home due to the fact that it reduces all the costs to the income gained and when that is done the person obtains the profit, the money that he receives from all the job done. Therefore that when all sales are completed the person will receive 5.99 million dollars in income and after that he will have to reduce the costs from that number and the final result will be the profits.
Marigold Corp. reported sales of $2200000 last year (80000 units at $20 each), when the break-even point was 44000 units. Marigold’s margin of safety ratio is:_______
Answer:
the margin of safety ratio is 45%
Explanation:
The computation of the margin of safety ratio is shown below:
The Margin of safety ratio is
= (Actual sales unit - break even sales unit) ÷ (Actual sale unit)
= (80,000 units - 44,000 units) ÷ (80,000 units)
= 36,000 units ÷ 80,000 units
= 45%
Hence, the margin of safety ratio is 45%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
To what extent might the slow service be a source of employee irritation and dissatisfaction
Answer:
Slow service can be an extension and source of employee irritation and dissatisfaction. In any business, you rely on employees to perform simultaneous tasks. It is a team effort. Good management usually incentives good work. As a result, when you have an employee or a cluster of employees that are not satisfied the service will more likely be poor. For example, a fast-food restaurant may have two employees that are dissatisfied with the manager. These employees will look for any distraction and will abuse breaks and so forth. The attention to detail will be minimized and items on the menu will be missing something. Finally, the business will suffer in the long run. Customers will complain and the food will have to be prioritized. Customers will leave if it is taking too long. As a team, when one or two slack off the entire team suffers. Think of a football game if two players decide to try and make all the points and fail in doing so. They have jeopardized the potential of winning or producing.
Explanation:
Assume you just deposited $1,000 into a bank account. The current real interest rate is 7.00% and inflation is expected to be 8.00% over the next year. What nominal interest rate would you require from the bank over the next year? How much money will you have at the end of one year? If you are saving to buy fancy bicycle that currently sells for $1,050, will you have enough money to buy it?
Answer:
a) The nominal interest rate that I would require from the bank over the next year is 15%.
b) At the end of one year, I will have $1,150.
c) If I am saving to buy a fancy bicycle that currently sells for $1,050, I will have enough money ($1,150) to buy it. It will be costing $1,134 ($1,050 * 1.08) with inflation rate of 8% in one year's time.
Explanation:
The nominal interest rate (15%) is higher than the real interest rate (7%) when inflation is positive because the real interest rate is adjusted for inflation (at 8%). The real interest rate is the rate without inflation while the nominal interest rate factors in the inflation rate.
If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is:_______
a. greater for the car.
b. less for the car.
c. the same for both the car and the vacation rental.
d. not comparable.
Answer:
Option C
Explanation:
f a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand the same for both the car and the vacation rental.
The elasticity remains unchanged because the percentage change in price and percentage change in quantity are tne same in both cases.
A part of a business's message that distinguishes it from all its competitors
is referred to as what?
A. Cultural sensitivity
B. Unique selling proposition
C. Superiority clause
D. Isolation technique
Answer:
Unique selling proposition.
Answer:b
Explanation:
Jacklyn carves ice sculptures. She carves and sells 10 sculptures. Her average cost of production per sculpture is $50. She sells each sculpture for a price of $150. Jacklyn's total profits are:______
a. $150.
b. $1,000.
c. $500.
d. $1,500.
Answer:
b. $1,000
Explanation:
To start with, we know that the formulae for total profit is;
= total revenue - total cost.
Total revenue
= price × quantity
= $150 × 10
= $1,500
Total cost
= units sold × average cost of production per sculpture
= 10 × $50
= $500
Therefore,
Total profit = $1,500 - $500
Total profit = $1,000
According to U.S. GAAP, asset retirement obligations are ________.
a. measured as the present value of past resource usage
b. obligations to replace old buildings and equipment with new assets
c. sinking funds for bonds or other long-term liabilities
d. long-term legal requirements to restore property
e. none of the above
Answer:
D) long-term legal requirements to restore property
Explanation:
