A bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal reports the ask price for the bond on January 30 at 100.125. What is the invoice price of the bond? The coupon period has 182 days.

Answer:

A.- 3.45 min to produce two work units

B.- In a 8-hout shift at standard performance 274 work units are produced

Explanation:

The Standart tiem per piece would be:

[tex]StandardTime=NormalTime*(1+PFD)[/tex]

Given your numbers it will be:

[tex]3 * (1 + 0.15)= 3.45[/tex]

This is the time per cycle to produce 2 work units

Now, in an 8 hours shift there are 480 minutes.  Dividing between the standard time of a cycle we get the standard performance

[tex]\frac{480}{3.45} = 137.14[/tex]

Rounding, we will be getting 137 cycles

Lastly, because each cycle produce 2 work units we are having a total of 274 Units

Answer: (B.) If the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good.

Explanation:

A producer will only sell goods and services if the consumer is willing to pay as much as the asking price. i.e. The price that the producer is asking. For this to happen the consumer's willingness to pay must be greater than the minimum price.

Therefore , the trade will take place if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good.

Trade occurs if a consumer's maximum willingness to pay exceeds the minimum price a producer will accept, benefiting both parties with a consumer surplus and a producer surplus. So, option B is correct.

Trade will take place if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. This scenario enables both the consumer to obtain the item for less than the maximum they were willing to pay, creating a consumer surplus, and the producer to sell the item for more than their minimum acceptable price, leading to a producer surplus. These conditions drive trade since both parties are made better off through the transaction.

Answer:

The estimated cost of inventory at the end of the first quarter is $327,250.

Explanation:

Gross profit : The gross profit represents the difference between sale price and purchase price.

The gross profit margin shows the ratio between gross profit and sales.

The calculation of cost of ending inventory is shown below:

First we have to calculate the cost of good sold.

Cost of goods sold = Beginning Merchandise inventory + Purchase of merchandise inventory  - Returned Merchandise inventory + Freight charges

=  $225,000 + $795,000 - $11,550 +  $18,800

= $1,027,250

Now, we have to calculate the approximate cost of goods sold.

Since gross profit is 30% and net sales is $1,000,000

And, The Gross profit  = Sales - cost of goods sold

So the Approximate cost of good sold = Net sales × (1 - 30%)

                                                                = $1,000,000 × 70%

                                                                = $700,000

Here 70% is the cost of goods sold percentage and 1 here denotes sales.

After considering these amounts, the ending inventory would be

= Cost of goods sold - Approximate cost of goods sold

= $1,027,250 - $700,000

= $327,250

Hence, the estimated cost of inventory at the end of the first quarter is $327,250.

Answer: 1.748 years

Explanation: The term payback period can be defined as the period under which the firm can recover its initial investment in the project from the cash inflows. It can be computed using following formula :-

[tex]=\:Payback\:period\:=\:\frac{Initial\:cash\:investment}{cash\:inflows}[/tex]

where,

total annual cash inflow = $104,000 + $15,000 = $119,000

now, putting the values into equation we get,

[tex]=\:Payback\:period\:=\:\frac{208,000}{119,000}[/tex]

= 1.748 years

Answer:

Net income allocated to sally is $112000

Explanation:

Sally invested $200000 and Andy invested $100000, which means Andy's  investment is half of Sally's investment. So he will receive the half of what Sally will get.

Let

Sally's pay be x

Andy's pay be x/2

Total Net income is 168000 dollars.

So, putting it in an equation, we get

(x+x/2)=168000

x(1+0.5)=168000

x(1.5)=168000

x= 168000/1.5

x=112000

So Sally's share will be $112000

Andy's share will be x/2

=112000/2

=56000

So Andy share will be $56000

The Net income allocated to sally is $112000

Since Sally invested $200000 and Andy invested $100000, which means Andy's investment is half of Sally's investment.

Let us assume Sally's pay be x

So, Andy's pay be x/2

And,

Total Net income is 168000 dollars.

Now the equation is

(x+x/2)=$168000

x(1+0.5)=$168000

x(1.5)=$168000

x= $168000/1.5

x=$112000

So Sally's share will be $112000

Now

Andy's share will be x/2

=$112000/2

=$56000

Hence, the Net income allocated to sally is $112000".

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Answer:

The number of days in inventory for 2018 is 64.1 days

Explanation:

The formula for computing the number of days in inventory is shown below:

= (Average inventory ÷ Cost of good sold ) × 365 days

where,

Average inventory = (Opening inventory + ending inventory) ÷ 2

                               = ($58,000 + $44,000) ÷ 2

                               = $51000

Now put the values on the formula which is shown above.

= ($51000 ÷ $290,000) × 365 days

= 64.1 days

Thus, the number of days in inventory for 2018 is 64.1 days

Answer:

At first, It will have no impact.

Later it will make the equilibrium price go higher. Quantity unchanged

Explanation:

First The raw material cost increase in the pepperoni will decrease the profit of Antonio's pizzas with that ingredient. It will not have an impact on the pizzas market.

But once after, Antonio's decides to markup the price, to get their previous profit margin back, the price of the pizzas will increase and because is the only supplier around campus their demand will not react (low to any elasticity to price) to the price rise and accepts the new price.

The increased price of pepperoni, a key input in Antonio's pizza production, leads to a decrease in supply as costs rise. Antonio can choose to absorb these costs, decreasing his profits, or pass the costs onto consumers by raising pizza prices, which might decrease demand. This supply and demand shift affects the market for Antonio's pizzas.

The scenario presented deals with the concepts of supply, demand, and price in a market, emphasizing more on the effect of input costs on a business. When Antonio's pepperoni supplier increases the price by 25%, this affects Antonio's production costs.

Essentially, Antonio's supplier's price increase leads to a decrease in the supply of Antonio's pizzas because the cost of production, in this case the price of pepperoni, has increased. Antonio may need to decrease the number of pizzas he can produce or increase his pizza prices to compensate for the increased costs, leading to a new equilibrium in the market for his pizzas.

Two scenarios are possible here: If Antonio chooses to keep the pizza prices fixed, he may have to endure reduced profits. On the other hand, if he increases the pizza prices, this could possibly lead to a decrease in demand as pizza becomes more expensive for customers around campus. Thus, the price increase of a key input affects not just the supply but also the demand of Antonio's pizzas.

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Answer:

Blue Co. Shall report $396,000 as gain before income taxes on disposal of the stock.

Explanation:

Book value per share of Red Inc = $1.20 per share

As the value of share is revised just after the declaration but before distribution there will be gain on sale of investment.

Net gain = Sale price - Book value

= $3.40 - $1.20 per share = $2.2 per share

Total gain for the year end on June 30 will be

= $2.2 per share X 180,000 shares = $396,000 shares

Thus Blue Co. Shall report $396,000 as gain before income taxes on disposal of the stock.

Final answer:

The Holmes Company's after-tax cost of debt is 6%, calculated from a 10% yield to maturity on their bonds, adjusted for a 40% marginal tax rate.

Explanation:

The Holmes Company's after-tax cost of debt is calculated based on the yield to maturity of its currently outstanding bonds. Since the bonds have a 10% yield to maturity, which Holmes believes could be issued at par for new bonds, this is the pre-tax cost of debt. Factoring in the marginal tax rate of 40%, the after-tax cost of debt would be the yield to maturity multiplied by (1 - tax rate), which equates to 10% * (1 - 0.40) = 6%. Therefore, the after-tax cost of debt for Holmes Company would be 6%.

Answer:

(1)

Fees revenues 42,600

Total expenses 1.92 x 4260  = 8179.2

Net income 34,420.8

(2)

Fees revenues 42,600

Variable cost  2,982

Contribution Margin 39,618

Fixed Cost 14,400

Net Income 25,218

Explanation:

(1)

We multiply by the garment cleaned

10 x 4,260 = 42,600

0.7 x 4,260 = 2982

and distribute the fixed cost among the normal capacity

14,400 / 7,500 = 1.92 fixed cost per garment cleaned

.7 + 1.92 = 2.62 cost per garment

(2)

We do not include the fixed cost in the unit cost, we subtact them completely as an expense.

Farnsworth Drycleaners' projected income statement for July can be prepared in both traditional format and contribution margin format.

In order to prepare Farnsworth Drycleaners' income statements, we will use both the traditional format and the contribution margin format.

First, we calculate the total revenue by multiplying the number of garments cleaned (4,260) by the amount charged per garment ($10.00). This gives us $42,600.

Next, we calculate the total variable costs by multiplying the number of garments cleaned (4,260) by the variable cost per garment ($0.70). This gives us $2,982.

The fixed costs per month are given as $14,400.

Finally, we can calculate the net income by subtracting the total variable costs and fixed costs from the total revenue.

In the contribution margin format, we subtract the total variable costs from the total revenue to find the contribution margin. This gives us $39,618.

Then, we subtract the fixed costs to find the net income. This gives us $25,218.

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Based on the available options the most likely consequences of lowering prices of fresh baked goods by 10% are options D. and F.

The consequences of lowering prices of fresh baked goods by 10% can be analyzed as follows:

A. The supply of fresh baked goods will increase: This is not necessarily true. Lowering prices may encourage bakery owners to produce and supply more fresh baked goods to meet the increased demand, but it relies on the particular conditions and the elasticity of supply.

B. The quantity supplied of fresh baked goods will decrease: This is unlikely to happen if the price reduction is aimed at increasing sales. Lower prices generally motivate suppliers to increase the quantity supplied.

C. The supply of fresh baked goods will decrease: This is not likely to occur as a result of reducing prices. Lower prices typically lead to an increase in supply, not a reduction.

D. Demand for processed baked goods will decrease: This is possible. If fresh baked goods become more inexpensive due to the price reduction, consumers may switch from processed baked goods to fresh ones, leading to a reduction in demand for processed baked goods.

E. The demand for fresh baked goods will not change: This is unlikely. Lowering prices generally stimulates demand, as it makes the product more desirable and affordable to consumers.

F. The demand for fresh baked goods will increase: This is a possible consequence. Lowering prices can lead to a boost in demand for fresh baked goods, as it makes them more appealing and available to consumers.

Based on the given options, the most likely consequences of lowering prices of fresh baked goods by 10% are D. Demand for processed baked goods will decrease, and F. The demand for fresh baked goods will increase.

Answer: Option (c) is correct.

Explanation:

If a country is suffers from capital flight, then the demand for loanable funds shifts rightwards while the supply of dollars in the foreign exchange market shifts leftwards.

Capital flight means that there is a outflow of capital from United States to other countries. This will results in lower interest rate, as a result loans become cheaper. So, it will become affordable for the individuals to take loans for their needs.

Hence, the demand for loanable funds increases at a lower interest rate and supply of US dollar also shifts leftwards.

Answer:

The conventional B/C ratio is 1.0868.

Explanation:

Here B / C ratio means the benefit by cost ratio, so here we will first individually calculate the benefit and cost which the parks and recreation department will receive.

BENEFIT RECEIVED =

 $24,000(people that will come) x 2 (average hour ) x $.50 ( rate per hour )

= $24,000

calculating present value, where i = interest and n = number of years

$24,000 / (1+i)^1 + $24,000 / (1+i)^2 + _ __  _ + $24,000 / (1+i)^20

= $24,000 x [ 1 - 1 / (1+.03)^20 ] / .03 ( given i = 3% )

= $357,060

PRESENT VALUE OF COST INCURRED =

$150,000 + $12,000 / (1+i)^1 + $12,000 / (1+i)^2 + _ _ + $12,000 / (1+i)^20

= $150,000 + $12,000 x [ 1 - 1 / (1+.03)^20 ] / .03

= $328,530

B / C RATIO = $357,060 / $328,530

= 1.0868

Answer:

The answer is expectancy.

Explanation:

Expectancy theory is a concept developed by Victor H. Vroom in 1964, where he postulated, that the strength an individual has in terms of his or her motivation to do an action, would appear when three components are satisfied to a certain value: expectancy, instrumentality, and valence. The question above is relevant to the expectancy component, which is detailed as the belief that an individual has regarding their efforts would result in the individual choosing to perform an action. In the case of Martha, she wasn’t sure that her efforts in trying to win the contract would lead to her 10% raise (outcome, a component of instrumentality), and thus, she decided not to try.  

Martha lacks 'expectancy' according to expectancy theory. This means that she does not believe her efforts will lead to a successful outcome, therefore decreasing her motivation to try. Other theories also suggest that motivation could be influenced by belief in personal ability, a need for financial stability, and other interpersonal and personal affairs.

According to expectancy theory, Martha is unmotivated to try to win the contract because she lacks expectancy. Expectancy is an individual's belief in their ability to succeed in a specific task, in this case, Martha winning the contract. Martha's lack of belief in her ability to win the contract diminishes her motivation to try, as she does not believe her efforts will result in a favourable outcome. This aligns with the self-efficacy theory proposed by Albert Bandura, where an individual's belief in their own capabilities plays a pivotal role in motivating behavior.

Furthermore, Martha's situation could also be observed through Maslow's Hierarchy of Needs. The promise of a raise (a physiological need) could motivate her to strive harder. However, due to her limited expectancy, the incentive may not be effective. Similarly, the Efficiency Wage Theory suggests that workers' productivity (or in this case, effort) depends on their pay. Yet, if the potential pay increase does not seem achievable, it may fail to motivate the worker.

There are other factors that can motivate people beyond the financial benefit, such as the sense of accomplishment, positive interactions with others, forming deep relationships, asserts of dominance, and enjoying what they do. But ultimately, one's expectancy to achieve the goal is critical to motivation.

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Answer:

$326186

Explanation:

Matthew, Inc. owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the investee’s operations and decision making. On January 1, 2018, the balance in the Investment in Lindman account is $348,000. Amortization associated with this acquisition is $16,900 per year. In 2018, Lindman earns an income of $98,000 and declares cash dividends of $49,000. Previously, in 2017, Lindman had sold inventory costing $29,400 to Matthew for $42,000. Matthew consumed all but 25 percent of this merchandise during 2017 and used the rest during 2018. Lindman sold additional inventory costing $46,200 to Matthew for $70,000 in 2018. Matthew did not consume 40 percent of these 2018 purchases from Lindman until 2019. What amount of equity method income would Matthew recognize in 2018 from its ownership interest in Lindman? What is the equity method balance in the Investment in Lindman account at the end of 2018?

Let's use equity method

The Proportionate share of his investment in 2018 is:

Share % x (Net Income - acquisition amortization +/- upstream profits +/- downstream profits)

30% x (98,000 - 16,900 + No upstream from 2017 as it was sold by end of 2018  + (40% x (70,000 - 46,200)) + No downstream profits

30% x (81,100 + 9520)

30% x 90620

$27186

Equity Balance is:

Cost of investment + Proportionate share of Investment - Dividends

348,000 + 27186 - 49,000

$326186

Answer: These transactions can be journalised as follows :-

Explanation:

1. Receivables A/C Dr. 5000

      To  revenue A/C    5000

  ( Being paid for training of students)

2a. Cash A/C Dr. 4000

             To Receivables  A/C    4000

    (Being 4000 provided in october)

2b. Cash A/C Dr. 1000

             To Receivables  A/C    1000

    (Being 1000 recieved for training)

2c. Cash A/C Dr. 3000

             To Receivables  A/C    3000

    (Being 3000 recieved for training)

3a. Accounts payable A/C Dr. 1000

                          To cash   A/C    1000

    (Being 1000 provided for rental bill of september)

3b.  Rental expense A/C Dr. 1500

                          To accounts payable   A/C    1500

    (Being 1500 provided for rent bill in october)

The journal entries for Jim's Gymnastics Training for the month of October involve recording revenues, cash received, deferred revenues, and the gym rental expense.

This question involves basic accounting principles and preparing journal entries. Journal entries are the first step in the accounting cycle and are used to record all business transactions and events in the accounting system.

For Jim's Gymnastics Training, you'd prepare the following journal entries for October:

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Answer:The total amount in fund at the beginning of [tex]5^{th}[/tex] year = $10000 +$19,963.55 = $29,963.55

Explanation:

Initial amount to begin the fund = $10,000

Now , given ;

Church collects another $5,000 per year for the next 5 years at an interest rate of 8%.

Therefore we'll evaluate the Present value of these $5000 for the next 5 years.

PV = [tex]\frac{1}{(1+i)^{n}}\times 5000[/tex]

where ;

i = interest rate

n = time period

∴ Net Present Value = [tex]\left [ \frac{1}{(1+0.8)^{1}}+\frac{1}{(1+0.8)^{2}}+\frac{1}{(1+0.8)^{3}}+\frac{1}{(1+0.8)^{4}}+\frac{1}{(1+0.8)^{5}} \right ]\times 5000[/tex]

On evaluating the above equation;

Net Present Value = 5000×(0.926 + 0.857 + 0.794 + 0.735 + 0.681)

Net Present Value = $19,963.55

Now,

The total amount in fund at the beginning of [tex]5^{th}[/tex] year = $10000 +$19,963.55 = $29,963.55

Answer:

The total product costs is $2,050

Explanation:

Given cost:

Ribs cost = $1,400

Labor cost = 45 hours × $10 per hour = $450

Seasoning and Sauce cost = $50

Advertising = $300

Grill cost = $150

Administrative cost = $100

By using these cost, we can easily compute the total product cost.

The product cost is that which is attached to the product. It can be direct material, direct labor, etc.

So product cost = Rib cost + Labor cost + Seasoning and Sauce cost + Grill cost

= $1,400 + $450  +  $50 + $150

= $2,050

Other cost is not considered because they are related to general & administrative cost, selling cost which termed as period costs.

So, the total product costs is $2,050

Total product costs for Barry's BarBQue are calculated by adding the costs of ribs, labor, seasoning, and sauce, and the cleaning of the grill which totals to $2,050. The correct option is a.

The student's question pertains to the calculation of the total product costs for Barry's BarBQue. To determine total product costs, one should sum the costs that are directly associated with the production of the goods, which includes material, labor, and overhead expenses. In this case, the calculation would be as follows:

While administrative costs and advertising signs are also expenses for the business, they are not typically considered product costs. Product costs include only those costs that are directly tied to the creation of the product itself.

Thus, the total product costs are:

$1,400 (ribs) + $450 (labor) + $50 (seasoning and sauce) + $150 (cleaning) = $2,050

Answer:

NET INCOME: 341,000

Explanation:

Inventory equation:

beginning inventory + purchase = COGS  + ending inventory

base on your information we need to get the net purchases and COGS so:

purchases                  368,000

freight-in                         5,000

return and allowance  -41,000

purchase discount      -15,000

net purchases            307,000

Now we replace in the inventory equation with the know values

255,000 + 307,000 = COGS + 282,000

and we solve for COGS

COGS = 280,000

Now we have to determinate the net sales:

sales                850,000

sales discount   -17,000

return&llowances -107,000

net sales         726,000

Finally we proceed with the net income statment

net sales                  726,000

COGS                         -280,000

Gross Profit                  446,000

operating expenses  -105,000

Answer:

The total stockholder equity value is $27,000

Explanation:

By using the accounting equation which is shown below, we can compute the value of total stockholder equity

Accounting Equation:

Total Assets = Total Liabilities + Total Equity

where,

total assets = $45,000

total liabilities = $18,000

So, total equity = $27,000 which includes retained earnings of $5,000

By using these 3 terms, we get to know the profitability, performance of the company.

Hence, the total stockholder equity value is $27,000

Answer:

The inventory TO is 3.6875

Explanation:

[tex]\frac{Sales}{Average Inventory} = $Inventory Turnover[/tex]

​where:

[tex]$$Average Inventory=(Beginning Inventory + Ending Inventory)/2[/tex]

Considering there is not sufficient information to calculate the begining inventory we are going to work only with the ending inventory so:

[tex]\frac{59,000,000}{16,000,000} = 3.6875[/tex]

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

The correct answers are the following:

Microeconomics

Macroeconomics

Microeconomics is defined as the study of the individual decisions reached by economic agents (households/individuals, firms and public sector entities) in the markets of products services and factors of production.

Macroeconomics is the study of the economy as a whole, using aggregate indicators that are the result of accummulating thousands or millions of the individual decisions studied in the micro approach, and which measure the behaviour of the whole economy of a certain country, region, or even the whole world (depending on the level of aggregation used!)

The effect of federal government spending on the national unemployment rate and the effect of an increase in the money supply on the rate of inflation are topics in macroeconomics, while the effect of a cigarette tax on the quantity of cigarettes sold is a topic in microeconomics.

In the study of economics, the topics you mentioned would likely be studied in both microeconomics and macroeconomics, but with a different focus. The effect of federal government spending on the national unemployment rate and the effect of an increase in the money supply on the rate of inflation are topics that fall under macroeconomics. These topics deal with the overall economy and how government policies impact it as a whole.

On the other hand, the effect of a cigarette tax on the quantity of cigarettes sold would be studied in microeconomics. This topic focuses on individual markets and how decisions by consumers and producers affect the specific market for cigarettes.

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Answer:

Net Loss 107,300

Explanation:

[tex]$$Beginning Retained Earnings$$$+/- Net Income/Loss$$$- Dividends$$$Equals Ending Retained Earning[/tex]

We post the values given in the assingment and then we solve for the missing part.

664,000 Beginning Retained Earnings

+/- Net Income/Loss

- 31,300 Dividends

Equals to 588,000 Ending Retained Earnings

588,000 - 664,000 - 31,300 = Result from the period

Net Loss 107,300

Answer:

One of the goals you have set for your company is "to expand our product line." This statement is not clear and not measurable.- C.

In this question, it's asking which answer choice best describes the statement "to expand our product line" for a goal in a business.

The question is pretty much asking if the goal is good enough or is something that could be useful in a business.

The best answer choice in this case would be "C). Not clear and not measurable" because the goal "to expand our product line" is very vague.

The statement is very unclear, due to the fact that people wouldn't understand what specifically the business is talking about in their product line.

When people read "to expand our product line," people don't know what products the business is producing and how much is the business going to expand the product line. That's what makes this statement vague. We don't know how much the business wants to expand their product line. Add 1 more product to the product line? Add two more products to the product line? That's the question that the statement is leading people to.

We also can't measure the business process with the statement, due to the fact that we don't know how much we're going to measure to. This is also another reason why this statement is vague or unclear.

Answer:

Net Present Value: 362,855

Explanation:

First we need to calculate  the WACC to know the required return of the project.

[tex]WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})[/tex]

Ke = 0.152 (0.137 cost of capital+ 0.015 subjective risk)

ER = 0.35 = E/(E+D)

Kd = 0.086

DR = 0.65 = D/(E+D)

t = 0.35

[tex]WACC = .152(.35) + .086(1-0.35)(.65)[/tex]

WACC 8.95350%

Then we calcualte the net present value:

Present value of the cash flow

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C= 1,540,000

rate = 8.9535%

time 7 years

[tex]1,540,000 \times \frac{1-(1+0.089535)^{-7} }{0.089535} = PV\\[/tex]

PV = 7,762,855

Present value of the cash flow - Investment = NPV

7,762,855 - 7,400,000 = 362,855

The Manufacturing Overhead for the year was $401,750.

The company estimated overhead costs based on direct labor hours.

To calculate the overhead, we need to consider both estimated and actual figures. Their estimated manufacturing overhead was $372,000 based on 181,000 estimated direct labor hours, and the actual direct labor hours were 191,000.

First, calculate the predetermined overhead rate: $372,000 / 181,000 = $2.055 per direct labor hour.

Then, find the total manufacturing overhead applied: $2.055 x 191,000 = $391,605.

Finally, determine the Manufacturing Overhead: $391,605 + ($391,000 - $391,605) = $401,750.

Answer: Lower limit = 88.1

Upper limit = 126.1

Explanation:

Given :

Sample mean = [tex]\overline{x}[/tex] = 107.1

Sample standard deviation = s = 30.7

Sample size = n = 9

∴ Degree of freedom = [tex]d_{f}[/tex] = n - 1  = 8

∝ = 1 - confidence interval = 1 - 0.90 = 0.10

[tex]\frac{\alpha}{2}[/tex] = 0.05

From t-distribution table;

[tex]t_{0.05}[/tex] = 1.860

∴ Margin of error(MOE) = [tex]t_{0.05}[/tex]×[tex]\frac{30.7 }{\sqrt{9} }[/tex]

= 1.860×[tex]\frac{30.7 }{\sqrt{9} }[/tex]

=19.03

∴ Lower Limit = 107.1 - 19.03 = 88.1

Upper limit = 107.1 + 19.03 = 126.1

The sample mean startup cost for the candy stores is 106.3 thousand dollars with a standard deviation of about 31.5 thousand dollars. For a 90% confidence interval, the average costs would lie between 79.1 and 133.5 thousand dollars.

First, let's calculate the mean and standard deviation of the provided costs. The costs given are 92, 177, 129, 96, 75, 94, 116, 100, 85. By adding all the values and dividing by the number of values (9), we can find the mean, which comes out to about 106.3 thousand dollars. The standard deviation can be found using the formula sqrt[((92-106.3)^2 + (177-106.3)^2 + ... + (85-106.3)^2) / (9-1)], which is about 31.5 thousand dollars.

Now, for part (b), we can use the formula for a confidence interval, which is x ± z*(s/ sqrt(n)), where x is the mean, z is the z-score (for a 90% confidence interval, it's 1.645), s is the standard deviation, and n is the sample size. Plugging in the values we have, we get 106.3 ± 1.645*(31.5/sqrt(9)). This gives us the confidence interval as 79.1 thousand dollars to 133.5 thousand dollars.

So, if you're planning to start a candy store franchise, you can be 90% confident that the average startup cost will be between 79.1 and 133.5 thousand dollars.

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Answer:

The 140% is the predetermined factory overhead rate based on direct labor cost.

Explanation:

The given information is shown below:

Total factory overhead cost -  $140,000

Total direct labor costs -  $100,000

Actual direct labor cost -  $13,500

Factory overhead cost - $19,200

By using these information, it is easy to compute predetermined factory overhead rate which is based on direct labor cost. The formula is shown below:

= Total factory overhead cost ÷ Total factory overhead cost

=  ($140,000 ÷  $100,000) × 100

= 1.4 × 100

= 140%

Other cost is irrelevant and thus not be considered while computing predetermined factory overhead rate.

Hence, the 140% is the predetermined factory overhead rate based on direct labor cost.

Answer:

The cash disbursements for S&A  should be: $40,660

Explanation:

Assuming all variable cost are paid in cash

[tex]1,800 \: units \times 4.30 \: variable \: S&A = 7,740[/tex]

35,620 fixed S&A

- 2,700 depreciation (non-monetary)

32,920 Cash disbursement for fixed cost

[tex]fixed \: disbursements + variable \: disbursements = total[/tex]

32,920 + 7,740= 40,660

The cash disbursements for selling and administrative expenses on the March budget should be $40,660.

To calculate the cash disbursements for selling and administrative expenses on the March budget, we need to calculate the total fixed selling and administrative expense, which includes depreciation. Then, we calculate the total variable selling and administrative expense by multiplying the variable cost per unit by the number of units planned to be sold in March. Finally, we add the fixed and variable expenses to find the total cash disbursements for selling and administrative expenses.

Fixed selling and administrative expense: $35,620 - $2,700 (depreciation) = $32,920 per month

Variable selling and administrative expense: $4.30 per unit × 1,800 units = $7,740

Total cash disbursements for selling and administrative expenses: $32,920 + $7,740 = $40,660

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