During the next three months, Shoemaker, Inc. must meet the following demands for shoes:
month 1, 1000 pairs; month 2, 1500 pairs; month 3, 1800 pairs. It takes 1 hour of labor to produce a pair of shoes. During each of the next three months, the following number of regular-time labor hours are available: month 1, 1000 hours, month 2, 1200 hours, month 3, 1200 hours. Each month, the company can require workers to put in up to 400 hours of overtime. Workers are paid only for the hours they work, and a worker receives $4 per hour for regular-time work and $6 per hour for overtime work. At the end of each month, a holding cost of $1.5 per pair of shoes in incurred. Formulate a min-cost network ow problem (MCNFP) that can be used to minimize the total cost incurred in meeting the demand of the next three months. A formulation requires drawing the appropriate network and determining the cij 's, uij 's, bi 's. How would you modify your answer if demand could be backlogged (all demand must still be met by the end of month 3) at a cost of $20/pair/month?

The cost of the new machine is $1,325,000.

Cost of old machine: $1,200,000

Accumulated depreciation on old machine as of December 31, 2020: $950,000

Book value of old machine on April 1, 2021: $1,200,000 (cost) - $950,000 (accumulated depreciation) = $250,000

Fair value of old machine on April 1, 2021: $275,000

Gain on exchange: $275,000 (fair value) - $250,000 (book value) = $25,000

Since the exchange has commercial substance (fair value of exchanged assets differ significantly), the new machine should be recorded at its fair value of $1,350,000. However, we need to adjust for the gain recognized on the exchange:

Debit New Machine for $1,350,000 (fair value)

Credit Cash for $1,350,000 - $25,000 (gain on exchange) = $1,325,000

Therefore, the new machine is recorded at $1,325,000, not $0, $50,000, or $150,000.

Answer:

C.) $3,540

Explanation:

The loan borrowed is the Principal = $88,500

Interest rate per year = 12% or 0.012 as a decimal

Interest accrued formula = Principal * rate * time

Note: time will be from Sep1 - Dec 31 = 4 months or [tex]\frac{4}{12}[/tex]years

Interest accrued = 88,500 * 0.012 * [tex]\frac{4}{12}[/tex]

Interest accrued = 3,540

Therefore, as of December 31st, 2014, $3,540 would be the interest accrued hence choice C is correct.

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

First, figure out what the price of each espresso is in relation to the number of espressos the shop sells. $2 per expresso is the correct answer.

[tex]\text{N} = -100 \text{ x }\text{P}+300\\\text{Profit} = \text{Revenue - Cost}\\\text{Profit} = \text{P} \text{ x } \text{N} - 200\\\text{Profit} = \text{P} \text{x} (-100 \text{ x } \text{P} +300)-200-(-100 \text{x} \text{P}+300) \\= -100 \text{ x } \text{P}^2+400\text{P}-500\\\text{P} = 2, \\\text{Profit} = -300\\[/tex]

The choice of the price will be $2/ coffee to maximize their profit.

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Answer:

Belotti would record depletion in 2012 of:

(C) $52,480.

Explanation:

During 2011, Belotti loaded and sold 4,000 tons, it means a  depletion during 2011 of  $32,800.

At  December 2011 the monetary balance of the quarry was  $131.200  

At January 1, 2012, Belotti estimated that 20,000 tons still remained.

The new unit cost of the quarry is $6,56

During 2012, Belotti loaded and sold 8,000 tons, it means a depletion during 2012 of $52,480, 8,000 tons * $6,56 = $52,480

Answer:

B. 9.21 percent

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of  common stock) × (cost of common stock)

where,  

Weighted of debt = Debt ÷ total firm

The total firm includes debt, and the equity which equals to

= 0.60 + 1 = 1.60

So, Weighted of debt = (0.60 ÷ 1.60) =0.3 75

And, the weighted of common stock = (Common stock ÷ total firm)

                                                              = 1 ÷ 1.60

                                                              = 0.625              

Now put these values to the above formula  

So, the value would equal to

= (0.375 × 7%) × ( 1 - 35%) +  (0.625 × 12%)

= 1.71% + 7.5%

= 9.21%

Answer:

A) Alternative A has the lowest preak-even point at 3,572 units

B) Both alternatives A and B will produce the highest profit of $180,000.

C) 10,000 units between A and B

2,500 units between A and C

4,000 units between B and C

Explanation:

The revenue functions for each of the alternatives are:

[tex]R_A = (\$50-\$22)n - \$100,000\\R_B = (\$50-\$20)n - \$120,000\\R_C = (\$50-\$30)n - \$80,000[/tex]

Where 'n' is the annual output, in units produced.

A) At the break-even point, revenue is equal to zero. The break-even outputs for each alternative are:

[tex]0 = (\$50-\$22)n_A - \$100,000\\n_A = 3,572\\0 = (\$50-\$20)n_B - \$120,000\\n_B = 4,000\\0 = (\$50-\$30)n_C - \$80,000\\n_A = 4,000\\[/tex]

Alternative A has the lowest preak-even point at 3,572 units.

B) The revenues for each alternative at n=10,000 units are:

[tex]R_A = (\$50-\$22)10,000 - \$100,000\\R_A = \$180,000R_B = (\$50-\$20)10,000 - \$120,000\\R_B= \$180,000\\R_C = (\$50-\$30)10,000 - \$80,000\\R_C =  \$120,000[/tex]

Both alternatives A and B will produce the highest profit of $180,000.

C) As seen above, for n=10,000 the company would be indifferent between A and B.

Between A and C:

[tex]R_A = R_C\\ (\$50-\$22)n - \$100,000 = (\$50-\$30)n - \$80,000\\n=\frac{100,000-80,000}{28-20} \\n=2,500[/tex]

Between B and C:

[tex]R_B = R_C\\ (\$50-\$20)n - \$120,000 = (\$50-\$30)n - \$80,000\\n=\frac{120,000-80,000}{30-20} \\n=4,000[/tex]

The break-even quantity, highest profits for an annual output of 10,000 units, and volumes of output where the company would be indifferent between each pair of options can be calculated using principles of cost-analysis and revenue. These involve the calculation of break-even points, profits and equality of total costs.

In order to calculate the break-even quantities for alternatives A, B, and C, we need to figure out the point at which the total revenue equals the total costs. This can be done using the formula for break-even point: Break-even quantity = Fixed costs / (Price - Variable costs per unit).

To find the highest profits for an annual output of 10,000 units, we need to calculate the total costs for each option and subtract these from the total revenue. This yields the profit for each option: Profit = Total revenue - Total costs.

Lastly, to determine at what volumes of output the company would be indifferent between each pair of choices, we need to set the total costs for each option equal to each other and solve for the quantity: Total costs_A = Total costs_B = Total costs_C.

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Answer:

$82,500

Explanation:

The computation of the tax implication on proceed on sale is shown below:

= (Sale value of old press - net book value) × income tax rate

= ($350,000 - $75,000) × 30%

= $275,000 × 30%

= $82,500

We simply deduct the net book value from the sale value of the old press and then multiply it with the income tax rate so that the correct amount can come.

Final answer:

The tax implication of the sale of National Geographic's old printing press is a tax liability of $82,500, calculated as 30% of the gain realized from the sale.

Explanation:

The tax implication of the sale of the old printing press for National Geographic involves calculating the gain on the sale and then applying the corporate income tax rate to determine the tax owed. The sold price of the old press is $350,000, and its net book value is $75,000, resulting in a gain of $275,000 ($350,000 - $75,000). Since National Geographic is in the 30% income tax bracket, the tax liability on the gain is 30% of $275,000, which is $82,500.

Answer:

The correct answer is : reach multiplied by frequency.

Explanation:

In marketing, the Gross Rating Point or GRP measures the size of an ad campaign during a given medium or schedule. The concept is typically confused with the measure of the size of potential consumers reached but GRP is not in charge of that matter. The GRP is calculated in percent of the target market reached multiplied by the exposure frequency.

Answer:

The depreciation expense for 2018: c. $25,375

Explanation:

Grover Corporation uses the units-of-production depreciation method. Depreciation expense is calculated  by the following formula:

Depreciation Expense = [(Cost of asset − Salvage Value )/Life in Number of Units

] x Number of Units Produced = Depreciation Expense per unit x Number of Units Produced

In the company,

Depreciation Expense per mile = ($109,200-$4,200)/120,000=  $0.875

The truck was driven 29,000 miles in 2018, so the depreciation expense for  2018: $0.875 x 29,000 = $25,375

Answer:

The correct answer is B that is $42.40

Explanation:

As per the dividend discount model, present price of the share is the present value of future dividend is computed as:

Price of the firm in 10 years = Dividend at the end of the year 10 × (1 + Growth rate in dividends) / (Required return - Growth rate in dividends)

where

Dividend at the end of the year 10 is $2.00

Growth rate in dividends is 6%

Required return is 11%

Putting the value above,

= $2.00 × (1 + 6%) / (11% - 6%)

= $2.00 × (1 + 0.06) / 5%

= $2.00 × 1.06 / 0.05

= $ 2.12 / 0.05

= $42.4

Answer:

EBIT = $3387.42

Explanation:

At break even EBIT, both EPS are the same

EPS in case of all equity firm = EPS of leverd firm

EPS in case of all equity firm = EBIT/ 125.000

EPS of leverd firm = (EBIT-Interest) / Shares outstanding

(Shares outstanding= 125.000-80.000/44.46 = 1012.14 )

EPS of leverd firm = (EBIT - 4.2 %* 80.000 )/ 1012

=(EBIT - 3360)/ 1012

Hence

EBIT/ 125.000= (EBIT - 3.360)/ 1.012

1012 EBIT = 125.000 EBIT - 420.000.000

EBIT = $3387.42

Answer:

Support and guide the performance and well-being of individual employees.

Explanation:

A managerial leader is responsible for making his or her subordinates perform their tasks accordingly and effectively to achieve the expected organizational goals and results.

The main function of a manager is to manage, control and coordinate employee actions always with a focus on organizational results.

A good managerial leader must be flexible, have a vision of organizational systems and processes, set a schedule and know his subordinates, their expectations and motivations, in order to be always available to help improve their competencies and skills that will be essential to achieve. of goals and results.

Final answer:

The current market share vector is (30%, 45%, 25%) for firms A, B, and C respectively. The transition matrix is [[0.75, 0.15, 0.10], [0.05, 0.60, 0.35], [0.15, 0.20, 0.65]]. To find the market shares after two years, one needs to perform matrix multiplication of the current market share vector with the transition matrix twice.

Explanation:

The student is presented with a scenario where three firms (A, B, and C) share the market for a commodity, and the dynamics of their market shares are defined by the given yearly customer retention and loss percentages. We will address the three parts of the question using the information provided.

a) Current Market Share Vector

The current market share vector, ordered for firms A, B, and C, is as follows:

Firm A: 30%

Firm B: 45%

Firm C: 25%

b) Transition Matrix

The transition matrix for the scenario where each firm keeps a certain percentage of its customers and loses some to the others is given by:

 A    B    C
A 0.75 0.15 0.10
B 0.05 0.60 0.35
C 0.15 0.20 0.65

c) Market Share After Two Years

To find the share of the market after two years, we multiply the current market share vector by the transition matrix twice (representing two years). This calculation would yield the market shares of firms A, B, and C after two years, which can then be presented as a new vector.

Without performing the decimal operations this cannot be done completely here, but the process involves matrix multiplication, and the student should apply it to get the exact values.

Answer:

13.50%

Explanation:

The computation of the market rate of return is shown below:

Current selling price for share = Annual dividend ÷ (Market rate of return - growth rate)

$22 = $2.42 ÷ (Market rate of return - 2.5%)

(Market rate of return - 2.5%) = $2.42 ÷ $22

(Market rate of return - 2.5%) = 11%

So, the market rate of return would be

= 11% + 2.5%

= 13.50%

The market rate of return for Bet'R Bilt Bikes, given the current annual dividend of $2.42 per share, an expected annual dividend growth rate of 2.5% and the current share price of $22, is calculated to be approximately 13.5%.

Your question is about determining the market rate of return for Bet'R Bilt Bikes, given the annual dividend and the expected annual dividend growth. To do this, we use the Gordon Growth Model, also known as the Dividend Discount Model (DDM). The formula is as follows:

Market Rate of Return = (Annual Dividend payment/Price per share) + Annual Growth Rate

Plugging in the values from your question, we get:

Market Rate of Return = (2.42 / 22) + 0.025 = 0.135 or 13.5%

So, the market rate of return for Bet'R Bilt Bikes, given the information provided, is approximately 13.5%.

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Answer:

Please see attachment .

Explanation:

Please see attachment .

The amount of retained earnings at the beginning of the year is $700,000 and numbers of  shares that are in treasury stock is 10,000 shares.

a. Beginning Retained earnings:

Beginning Retained earnings=Endingn retained earnings-Net income+Dividends

Beginning Retained earnings=$900,000-$1,000,000+$800,000

Beginning Retained earnings=$700,000

b. Number of shares:

Treasury stock=Issued shares-Outstanding shares

Treasury stock=90,000-80,000

Treasury stock=10,000 shares

Inconclusion the amount of retained earnings at the beginning of the year is $700,000 and numbers of  shares that are in treasury stock is 10,000 shares.

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Answer:

59 orders

Explanation:

For computing the how many rolls should order at a time, first we have to determine the economic order quantity which is shown below:

The computation of the economic order quantity is shown below:

= [tex]\sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}[/tex]

where,

Carrying cost = $875 × 20% = $175

And, other items values would remain the same

ow put these values to the above formula

So, the value would be equal to

= [tex]\sqrt{\frac{2\times \text{3,000}\times \text{\$75}}{\text{\$175}}}[/tex]

= 50.71 units

Now The number of orders would be equal to

= Annual demand ÷ economic order quantity

= $3,000 ÷ 50.71 units

= 59 orders

Using the Economic Order Quantity (EOQ) formula, it's determined that Yellow Press should order approximately 51 rolls at a time to minimize costs.

Explanation:

To determine how many rolls Yellow Press should order at a time, we apply the Economic Order Quantity (EOQ) model. The EOQ formula is given as:

EOQ = √(2DS)/H}

where:

D is the annual demand (in this case, 3,000 rolls),

S is the cost per order (in this case, $75),

H is the annual holding cost per unit (which is 20% of the cost per roll, so 0.20 x $875 = $175).

Plugging the numbers into the EOQ formula, we get:

EOQ =√{(2 × 3000 rolls × $75) / $175}

EOQ = √{(450,000) / $175}

EOQ = √{2,571.43}

EOQ ≈ 50.71 rolls

Since Yellow Press cannot order a fraction of a roll, it should order 51 rolls at a time to minimize the combined costs of ordering and holding inventory.

Answer: The correct answer is "C. Not recoverability test but fair value test".

Explanation: The impairment test to be used is Not recoverability test but fair value test. To determine whether intangibles of indefinite life have deteriorated and must present another value in their balance sheet, they must implement the fair value test.

Answer:

$107.04 unfavorable

Explanation:

The computation of the material price variance is shown below:

= Actual Quantity × Actual price - Actual Quantity × Standard Price

= $6,684 - (4,160 pounds × $1.581 per pound)

= $6,684 - $6576.96

= $107.04 unfavorable

The  $6,684 represents the actual quantity and the actual price.

All other information which is given is not relevant. Hence, ignored it

Answer:

E. I, II, III, and IV

Explanation:

All of the mentioned strategies would work.

Employee stock option provides the enthusiasm and energy to perform good among employees. This is beneficial for the company and shareholders as well.

The threat of takeover, scares the shareholders in losing their share, and effective voting right. Also the management feels threaten as the new company might replace them with the management personnel they desire.

Management bonuses help management to get a boost in energy and accordingly motivates to work good, also the shareholders desiring performance will find it effective.

The threat of proxy fight engages both the parties to behave properly towards each other and respect each other.

Answer:C. Smaller stock have lower volatility than larger stock.

Explanation:

Volatility refers to the prones of a stock price to changes in market conditions. The higher the impact of changes in market conditions on a stock the higher the volatility level and the lower the impact of changes in market conditions on a stock price the lower the volatility. However the size of a stock does not necessarily determine the level of his volatility, a

stock may be small but still have a large volatility level and stock may be large and have low volatility level.

Answer:B. Teddy's agreement with Andrea and Cami, only.

Explanation:

Consideration is anything of value that moves from both parties to a contract, it must equally be specific and devoid of ambiguity.

The agreement with Andrea and Camil both meet these requirements. However the agreement with Lorne is not devoid of ambiguity because we are not sure of the amount of his consideration.

Answer:

D. if profit were​ positive, then firms would​ enter, decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price.

Explanation:

Perfectly competitive firms are price takers, hence they cannot influence the price of their products.

Perfectly competitive industries have no barriers to entry or exist of firms ,so if in the short run, firms are earning economic profit, then firms would​ enter into the industry , decreasing​ price, and if profit were​ negative, then firms would​ exit, increasing price. This makes perfect competitive firms to earn zero economic profit in the long run.

Answer:

$9,631

Explanation:

In 2019, the Standard mileage rate deduction for the business purposes is 58 cents per mile.

Therefore,

Her deduction is as follows:

= (No. of miles drove × 58 cents per mile) + Tolls associated with the business mileage

= (16,200 × 58 cents per mile) + $235

= 9,396 + 235

= $9,631

Therefore, by using the standard mileage method, her deduction is $9,631.

Answer:

addressing trade-offs between space and material handling.

Explanation:

Warehouses are the one which store goods for the daily needs and that of every nature, raw material, work in process or finished. It basically targets to store goods so that there is no shortage of goods in case of need.

Since the cost of warehouses are huge because of the area and other facilities they offer, there is a standard planning which a company performs to meet the requirements of goods and also shall be cost effective.

There for the warehouses face this problem of balancing in between the cost related to material handling and that of space available.

The primary challenge addressed by warehouse layout strategy is managing the trade-offs between storage space and material handling. Just-in-time delivery systems and trade site locations heavily influence warehouse positioning due to factors such as proximity to suppliers and transportation hubs.

The major problem addressed by the warehouse layout strategy is addressing trade-offs between space and material handling. A well-designed warehouse layout should ensure that there is a balance in the use of space and the efficiency of moving materials around. Central to this issue is how the docks are positioned in relation to access points to highways, optimizing material flow, and how close or far suppliers are in terms of just-in-time delivery systems. Warehouses have to be designed to handle the varying material flow that comes with different products, which includes understanding Weber's Location Model and considering land costs and transportation methods.

Advanced technology, transportation methods, and effective labor policies play a crucial role in reducing congestion in shipping networks and maintaining effective supply chains, particularly in times of national emergencies. The practice of just-in-time delivery, such as used by car manufacturers, indicates the importance of having parts delivered when needed, which influences the location of suppliers and warehouses.

Trade site locations are also a critical consideration, as historically cities that offer multiple transportation modes grow larger due to the convenience of breaking bulk. Therefore, considering site factors such as transportation intersections is key for business logistics.

Manufacture A:

- Sales: $13.50 per unit

- Costs: $11.00 per unit

- Avoidable costs: $6.00 per unit

- Unavoidable costs: $5.00 per unit ([$11.00 - $6.00] per unit)

- Total costs: $11.00 per unit

Purchase Product B for Resale:

- Sales: $11.30 per unit

- Cost to purchase: $6.00 per unit

- Total costs: $6.00 per unit

The company should purchase Product B for resale rather than manufacturing Product A, as the total cost per unit for Product B is lower compared to the total cost per unit for manufacturing Product A.

The incremental cost analysis compares the costs and revenues associated with manufacturing Product A against purchasing and reselling Product B. For manufacturing Product A, the sales price is $13.50 per unit, with a cost of $11.00 per unit. However, $6.00 per unit of these costs can be avoided, leaving $5.00 per unit as unavoidable costs. Thus, the total cost of manufacturing Product A remains at $11.00 per unit.

On the other hand, purchasing Product B for resale incurs a cost of $6.00 per unit but allows sales at $11.30 per unit. In this scenario, the total cost per unit for Product B is $6.00, which is lower than the $11.00 total cost per unit for manufacturing Product A. As a result, opting to purchase Product B for resale would be more beneficial for Kando Company, offering a lower total cost per unit and potentially increasing overall profitability compared to manufacturing Product A.

The two transactions related to the issuance of shares by Clothing Frontiers should be recorded by debiting cash for the total amount received, crediting common stock for the amount equal to number of shares times the par or stated value, and crediting 'Paid-In Capital in Excess of Par – Common Stock' for the remaining amount. This applies to both the original 700 shares and the 110 additional shares.

When a corporation issues stock, an entry is made to recognize this transaction in the books. Assuming Clothing Frontiers has either $1 par value common stock or $1 stated value stock, the entries would be recorded as follows:

1. The issuance of 700 shares of common stock for $34 per share would be:
Debit: Cash (700 shares * $34)= $23,800
Credit: Common Stock (700 shares *  $1)= $700
Credit: Paid-In Capital in Excess of Par – Common Stock=$23,100

2. The issuance of 110 additional shares of common stock for $38 per share would be:
Debit: Cash (110 shares * $38)= $4,180
Credit: Common Stock (110 shares *  $1)= $110
Credit: Paid-In Capital in Excess of Par – Common Stock=$4,070

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Clothing Frontiers' common stock issuances are recorded by debiting Cash for the total funds received, crediting Common Stock for the par or stated value, and crediting Additional Paid-in Capital for the excess received over par value.

The transactions occurring in Clothing Frontiers during the year are related to the issuance of common stock. Assuming the company has either $1 par value or $1 stated value common stock, the recording of these transactions in the ledger would look as follows:

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Final answer:

The decline in wage rate results in movement along the demand curve for labor. The decrease in the price of televisions and the exit of several firms from the TV market in China cause the demand curve for labor to shift to the left. New vocational courses could potentially shift the demand curve for labor to the right.

Explanation:

When analyzing shifts in the market demand curve for labor in electronics factories in China, different factors will have distinct impacts. Below are the analyzed scenarios:

Answer:

$5 per unit

Explanation:

In this question, we compare the total cost and outside supplier cost which are shown below:

Total cost = Direct material per unit + direct labor per unit + variable overhead per unit

= $10 + $14 + $3

= $27

And, the outside supplier cost is $32

So, the incremental cost would be

= $32 - $27

= $5 per unit

The fixed cost would remain unchanged. So, we do not consider it.

Answer:

$1,792,000

Explanation:

The computation of the present value of the interest tax shield is shown below:

= Number of bonds outstanding × face value × tax rate

= 5,600 bonds × $1,000 × 32%

= $1,792,000

We simply multiply the number of bonds outstanding with the face value and the tax rate so that the correct amount can come.

All other information which is given is not relevant. Hence, ignored it

Answer:C. the sixth step determining the promotional mix: which tools to use, when and how much.

Explanation:

By working on his product, the market, the message content, advertising methods,the target market, all this show that he his in the sixth step.