Answer:
9,792 total interest expense
Explanation:
face value 96,000
issued at 94,080
discount 1,920
amortization of the bond:
discount/total payment
10 years atsemiannual payment = 20 payment
1,920/20 = 96
cash proceed:
96,000x 10%/2 = 4,800
discount 96
interest expense 4,896 per payment
2 payment per year 9,792 total interest expense
Product A's contribution margin ratio (60%) is greater than Product B's contribution margin ratio (40%). Product A's contribution margin ratio can be contributed to its lower promotion and sales commissions costs. Thus, management should consider a. increasing the price of Product B. b. emphasizing Product A in its marketing plans. c. reducing Product B's promotion and sales commissions costs. d. All of these choices are correct.
Answer:
D. All the answers are correct to increase the benefit of the company. here briefly why.
Explanation:
A . increasing the price of product B (whenever possible) does not affect its variable costs or fixed costs, which would result in a higher profit margin.
B. Increasing the marketin plans of product A means an increase in costs, if with fixed costs for advertising campaigns the contribution margin per unit will be the same, but total sales increase. If the marketing campaign affects variable costs (such as reducing the sales price by a certain amount), it will result in a smaller unit contribution, but a larger amount of sales, which will increase profits.
C. The reduction of these variable or any other variable cost (whenever possible) of product B will result in a greater unit contribution, then, increase profits
Management should evaluate strategies such as increasing Product B's price, focusing marketing on Product A, or reducing Product B's promotional costs, in light of each product's contribution margin ratio and overall business goals, to maximize profitability.
Explanation:The student asked about the implications of the different contribution margin ratios between Product A and Product B and which strategy management should consider. The contribution margin ratio is a measure that helps companies decide how to maximize profits by comparing revenues with variable costs. Product A's higher contribution margin ratio suggests that it is more profitable per unit sold due to lower promotion and sales commissions costs. Therefore, the actions management could consider include increasing the price of Product B, emphasizing Product A in its marketing plans, or reducing Product B's promotion and sales commissions costs. Since each of these strategies has a different impact on profitability, management must evaluate based on the overall business strategy and market conditions.
From an economics standpoint, a firm's pricing and production decisions should consider marginal costs and marginal revenues to achieve optimal pricing and maximize profits. The contribution margin plays a crucial role in these decisions and understanding how to use them effectively can lead to better pricing strategies and improved profitability for the entire enterprise.
Cassandra is trying to think of a good way to keep her financial records. She makes a lot of purchases, using cash, debit cards, and credit cards about equally. When she gets home every day, she tends to be very tired and doesn’t like to do a lot of organized thinking. She tends to lose individual pieces of paper if she doesn’t file them immediately. What might be a good method for Cassandra to use?
a. Recording all of her daily expenditures in an organizational computer program.
b. Keeping and collecting receipts for everything she buys.
c. Tracking and collecting her bank and credit statements every month.
d. Carrying a notebook and immediately recording all of her transactions in it.
Answer:
d. Carrying a notebook and immediately recording all of her transactions in it.
Explanation:
The State of the Union address is an annual report given by the president of the United States to Congress on the condition of the country and the president’s legislative and policy plans for the upcoming year. Although by law the president has the option of sending a written report, most presidents, especially in the 20th and 21st centuries, have chosen to give a speech. The State of the Union address typically lasts for an hour, and the president must be very careful to deliver a well-planned message. What mode of delivery works best for this situation?
Final answer:
The most effective mode of delivery for the State of the Union Address is a live televised speech. This approach allows the President to directly address both Congress and the American people, using the office as a 'bully pulpit' to persuade and inform on policy agendas.
Explanation:
Best Mode of Delivery for the State of the Union Address
The State of the Union Address is a powerful communication tool for the President of the United States. Given its importance as a way for the President to outline policy plans and legislative agendas to Congress and the American public, the mode of delivery that works best is a live televised speech. This method allows the President to address not only the members of Congress but also reach a nationwide audience, using the prestige of the office to advocate for their agenda. It utilizes the concept of the 'bully pulpit', a term coined by President Theodore Roosevelt, highlighting the unique platform the President has to persuade the public and congress to support his initiatives. A written report, while still constitutionally valid, lacks the immediate impact and wide reach of a live speech.
Traditionally, this speech has been delivered in front of a joint session of Congress each year, typically in January or February. The President is flanked by the Speaker of the House and the Vice President, with members of Congress, the Supreme Court, the Cabinet, and distinguished guests in attendance. The speech is broadcast on all major networks, thereby maximizing the address's reach and impact. The format of a live speech makes it a national event and captivates the attention of the media and the public, allowing the President to effectively highlight the administration's accomplishments and push for legislative measures.
Sales mix is: a measure of the relative percentage in which a company’s products are sold. important to sales managers but not to accountants. easier to analyze on absorption costing income statements. a measure of the relative percentage of a company’s variable costs to its fixed costs.
Answer: a measure of the relative percentage in which a company’s products are sold
Explanation:
Sales mix is known to be the ratio of the total amount of sales which a company makes by selling its products. It shows the amount of profit that the company generate from sales of each of its products by comparing the profit realized from each type of product. Company often generates different level of profit from sales of its products and as a result, it is very vital to produce large quantity of the product which yield more profit than others because of its demand. Thus, sales mix is analyzed by companies in order to generate more revenue and profit.
Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? a. Policymakers have studied the effects of the price ceiling carefully, and they recognize that the price ceiling is advantageous for society as a whole. b. Buyers of milk, recognizing that the price ceiling is good for them, have pressured policymakers into imposing the price ceiling. c. Sellers of milk, recognizing that the price ceiling is good for them, have pressured policymakers into imposing the price ceiling. d. Buyers and sellers of milk have agreed that the price ceiling is good for both of them and have therefore pressured policymakers into imposing the price ceiling.
Answer: i think the third one maybe... (APEX)
Explanation: this should work
In the early 2000s, the Mattel Company was faced with a major problem with some of its toys due to faulty magnets and high levels of lead-based paint. When the company realized it was facing a serious problem, it immediately involved federal agencies on product safety, recalled millions of toys from the shelves, and launched a massive campaign to inform consumers about the recall. In addition, the company set up a crisis link on its webpage and posted updates regularly. Mattel's actions can be classified as _________.
Answer:
The answer is crisis management.
Explanation:
Crisis management is defined as a way to manage unexpected events that may impact an organization negatively. It is part of a public relations management role, since often times these negatively impacting events occur in a public setting. There are two broad types of crises, sudden – which happen without any notice; and smoldering – where it initially begins as a small-scale issue that suddenly have a bigger impact.
Gold Company was experiencing financial difficulties, but was not bankrupt or insolvent. The National Bank, which held a mortgage on other real estate owned by Gold, reduced the principal from $110,000 to $85,000. The bank had made the loan to Gold when it purchased the real estate from Silver, Inc. Pink, Inc., the holder of a mortgage on Gold’s building, agreed to accept $40,000 in full payment of the $55,000 due. Pink had sold the building to Gold for $150,000 that was to be paid in installments over 8 years. As a result of the above, Gold must:a. Include $40,000 in gross income.b. Reduce the basis in its assets by $40,000.c. Include $25,000 in gross income and reduce its basis in its assets by $15,000.d. Include $15,000 in gross income and reduce its basis in the building by $25,000.e. None of these.
As a result of the above, Gold must c. Include $25,000 in gross income and reduce its basis in its assets by $15,000.
Reduction by Bank = $110000 - $85000
= $25000
$25000 would be included in the gross income.
Reduction in mortgage = $55000 - $45000
= $10000
$10000 will reduce the basis of the building (or assets).
What is your gross income?Gross profits consist of your wages, dividends, capital gains, commercial enterprise profits, retirement distributions as well as other income. adjustments to profits consist of such objects as Educator fees, student loan hobby, Alimony payments or contributions to a retirement account.
For households and people, gross profits are the sum of all wages, salaries, income, hobby bills, rents, and other sorts of earnings, earlier than any deductions or taxes. it's miles against net profits, described as the gross profits minus taxes and other deductions.
Learn more about gross income here https://brainly.com/question/13793671
#SPJ2
What are the 5 determinants of supply?
Collection of a $3500 Accounts Receivable decreases a liability $3500; increases stockholders' equity $3500. decreases an asset $3500; decreases a liability $3500. increases an asset $3500; decreases an asset $3500. increases an asset $3500; decreases a liability $3500.
Answer:
Correct option is C. increases an asset $3500; decreases an asset $3500
Explanation:
Before collection from accounts receivable there is an asset of $3,500 in accounts receivable.
When it is received then there is collection of $3,500 either in cash or at bank, with that the effect on accounts receivable asset is that it is reduced, by $3,500; and with the same thing cash or bank balance which is also an asset is increased.
Therefore correct option is C.
increases an asset $3500; decreases an asset $3500
Increase in Cash/Bank
Decrease in Accounts Receivable
A collection of accounts receivable increases an asset and decreases a liability, which affects stockholders' equity.
Explanation:A collection of a $3500 Accounts Receivable would increase an asset by $3500 and decrease a liability by $3500.
Since a liability is decreasing, it would also decrease stockholders' equity by $3500.
Therefore, the correct option is: Increases an asset $3500; decreases a liability $3500.
Learn more about Financial transactions here:https://brainly.com/question/29482749
#SPJ3
A turn-key project is best defined as:
a. a form of direct foreign investment in which the investing entrepreneur holds a minority ownership position in the foreign venture
b. a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company
c. a method of doing business whereby a foreign entrepreneur supplies the manufacturing technology or infrastructure for a business and then turns it over to local owners
d. giving a foreign manufacturer the right to use a patent in return for the payment of a royalty
Answer:
b. a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company.
Explanation:
A turn-key project is best defined as a method in which an entrepreneur contracts his or her management techniques and skills to a (foreign) purchasing company. Thus the correct option is B.
What is the turn-key project?A turnkey project is a method of task execution in which a single organization collaborates with the contract administrator to finish every stage of the project under a single contract.
The necessity for the project manager to monitor and manage the entire project is reduced with turnkey projects. It decreases the number of pointing fingers and assigning blame present during the completion.
The project owner's belief in the contractor is crucial to the turnkey approach as Budgets for projects are frequently offered prior to the conclusion of the design.
Therefore, option B is appropriate.
Learn more about the contract, here:
https://brainly.com/question/14094132
#SPJ6
Which of the examples below illustrates the economic principle of a negative externality? a. cost or benefit of a transaction that involves the buyer or seller when both parties lose money b. cost of transportation of goods from the site of production to a market c. cost of rebuilding roads damaged by trucks heavily loaded with goods d. cost of labor to produce a product
Answer:
C) cost of rebuilding roads damaged by trucks heavily loaded with goods
Explanation:
Externality is a microeconomic concept that aims to explain the positive or negative impact that an economic activity has on third parties. If by exercising an economic activity, a company indirectly benefits society or community, the externality is positive. If economic activity negatively impacts the surrounding community, externality is said to be negative.
For example, the pollution that an industry emits in the production process has deleterious effects throughout society, being a negative externality. Likewise, a truck causes potholes in the road, this is a negative externality, since all citizens' taxes, including most non-truckers, will be used to restore potholes in the roadway.
Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:
A warehouse located in an urban area had been vacant for several years. Although the warehouse was not being used, the owner of the warehouse maintained the building in conformity with all state and local laws and regulations. One evening, thieves entered the warehouse and stripped the copper wiring from the building. In the process, the thieves damaged a stone cornice above the warehouse’s main entryway. Shortly thereafter, the cornice collapsed and injured a pedestrian. The pedestrian initiated a negligence suit against the warehouse owner, and the warehouse owner filed a motion to dismiss the case.
Which of the following findings would be sufficient to support the warehouse owner’s motion to dismiss?
A. The theft of the copper wiring was an unforeseeable intervening cause of the cornice collapse.
B. The copper wire theft and the cornice collapse were unforeseeable.
C. The pedestrian was more than half at fault for the injuries sustained.
D. The warehouse owner had maintained the building in conformity with state and local laws and regulations.
Answer:
The correct answer would be option A, The theft of the copper wiring was an unforeseeable intervening cause of the cornice collapse.
Explanation:
The owner of the warehouse has been taking care of the warehouse despite the fact that the warehouse was not in the use of anyone. Although the warehouse was not being used, the owner has maintained the building in conformity with all state and local laws and regulations. Now the incident happened due to the theft of the copper wire, due to which the cornice collapsed. This was totally unforeseeable and there was not even a little mistake of the owner, also he has been maintaining the warehouse in conformity with the laws of the area, the owner can easily file a motion to dismiss the case.
MJ Enterprises stock traditionally provides an average rate of return of 11.6 percent. The firm’s next annual dividend is projected at $2.40 with future increases of 3 percent per year. What price should you pay for this stock is you are satisfied with the firm’s average rate of return?
Answer:
Firm's stock price shall be $27.91
Explanation:
Using dividend growth model we have,
[tex]P{_0} = \frac{D{_1}}{K{_e} - g}[/tex]
Where P[tex]{_0}[/tex] = Current Price of stock
D[tex]{_1}[/tex] = Dividend to be paid at year end = $2.40
K[tex]{_e}[/tex] = Expected return = 11.6%
g = Expected growth = 3%
Thus P[tex]{_0}[/tex] = [tex]\frac{2.40}{11.6 - 3}[/tex] = $27.91
Firm's stock price shall be $27.91
All of the following are advantages of using the average rate of return method except ________. a. it is easy to compute b. it includes the entire amount of income earned over the life of the proposal c. it emphasizes accounting income, which is often used by investors and creditors in evaluating management performance d. it directly considers the expected cash flows from the proposal
Answer:
C. it emphasizes accounting income, which is often used by investors and creditors in evaluating management performance
Explanation:
All of the following are advantages of using the average rate of return method except it emphasizes accounting income, which is often used by investors and creditors in evaluating management performance.
The average rate of return method does not directly consider the expected cash flows from the proposal; it focuses on accounting income.
Explanation:The correct answer is d. it directly considers the expected cash flows from the proposal. This is because the average rate of return method primarily focuses on accounting net income rather than cash flows. The actual rate of return, on the other hand, signifies the total rate of return, including capital gains and interest paid on an investment at the end of a time period.
The advantages of using the average rate of return method include its simplicity in computation (a. it is easy to compute), the fact that it takes into account the entire amount of income earned over the life of the proposal (b. it includes the entire amount of income earned over the life of the proposal), and its emphasis on accounting income, which stakeholders often rely on when evaluating management performance (c. it emphasizes accounting income, which is often used by investors and creditors in evaluating management performance).
Learn more about Average Rate of Return Method here:https://brainly.com/question/17438238
#SPJ2
Staples has a discount on flash drives and boxes of computer paper. It offers flash drives for $6 each and boxes of computer paper for $40 each box. If total sales on these discount items is $4200 for the week, and customers bought 5 times as many flash drives as boxes of computer paper, how many boxes of computer paper were sold?
60 boxes of computer paper would have been sold.
Explain the equations ?You need an equation in order to solve this problem. The 6D procedure or an equation is more effective and takes less time than the 5D approach, which you might also utilize . This would be the equation:
4200= (x•40) + (x•5)•6)
But because there are so many parenthesis in the equation, I'll try to determine X using the 5D technique. In essence, you pick a random number and try to replace X with it. Then, you check to see if the value is too high or low. After some time of assuming, I discovered that X = 60.
A mathematical equation is a formula that uses the equals sign to represent the equality of two expressions. The meanings of the word equation and its translations into various languages can vary slightly.
To know more about expressions
https://brainly.com/question/15994491
#SPJ5
The following information pertains to Tara Co.'s accounts receivable on December 31, Year 4 Days outstanding Amount Estimated % uncollectible 0‐60 $120,000 1% 61‐120 90,000 2% Over 120 100,000 6% $310,000 ======== During Year 4, Tara wrote off $7,000 in receivables and recovered $4,000 that had been written off in prior years. Tara's December 31, Year 3, allowance for uncollectible accounts was $22,000. Under the aging method, what amount of allowance for uncollectible accounts should Tara report on December 31, Year 4?
Answer:
Explanation:
1% of 120,000
2% of 90,000
6% of 100,000
Total 9,000
The aging method stimated the allowance for uncollectible accounts
so their result should be the ammount reported for December 31th Year 4
To determine the allowance for uncollectible accounts using the aging method, calculate the amounts for each age category and sum them up. Tara should report an allowance of $9,000 on December 31, Year 4.
Explanation:To determine the amount of allowance for uncollectible accounts using the aging method, we need to calculate the individual amounts for each age category by multiplying the outstanding balance by the estimated percentage uncollectible for that category. Then, we sum up these amounts to get the total allowance. Let's calculate:
For the 0-60 days category: $120,000 x 1% = $1,200For the 61-120 days category: $90,000 x 2% = $1,800For the over 120 days category: $100,000 x 6% = $6,000Adding up these amounts, we get $1,200 + $1,800 + $6,000 = $9,000. Therefore, Tara should report an allowance for uncollectible accounts of $9,000 on December 31, Year 4.
Learn more about allowance for uncollectible accounts here:https://brainly.com/question/32995987
#SPJ2
The term "response" as used in the National Response Framework includes: A. Actions of private sector entities responsible for critical infrastructure but not actions of public service agencies. B. Actions that relate to only to the emergency responders. C. Actions to save lives, protect property and the environment, stabilize communities, and meet basic human needs prior to an incident. D. Actions to save lives, protect property and the environment, stabilize communities, and meet basic human needs following an incident.
Answer: Option D
Explanation: The National response framework is a guide that provides of framework for the nation on how to respond while facing a calamity or disaster.
A. National response framework includes both private sector and public sector agencies.
B. Actions relating to calamities and disasters are also included.
C. As per the guidelines in the framework the actions suggested are to be taken after the incident.
D. The response in the guidelines relates to stabilizing the situations after the disaster.
Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.51 and continually rises to $1.62 by the expiration date. The highest net profit possible on the option for the speculator based on the information above is:a.$1,562 b. -$1,562 c. -$1,250 d. -$1,250 e. None of the above
Answer:
b) -$1,562
Explanation:
The speculator has the chance for sale at 1.50 because the price rises instead of decrease, it is losing money.
The speculator does not use their right to sale at 1.50
It will simply lose the value on which purchase the put option
0.05$ per unit x 31250 units = 1562.5
Final answer:
The speculator's put option on the British pound becomes worthless as the spot rate rises above the strike price. The speculator incurs a loss equal to the cost of buying the option, which is -$1,562. As such, the highest net profit is $0, and the actual loss is -$1,562.
Explanation:
The question pertains to options trading, specifically a put option on the British pound. Given that the speculator purchased a put option with a strike price of $1.50 for $.05 per unit, and each option represents 31,250 units, the initial cost for the option is 31,250 units * $.05 = $1,562.50. However, as the spot rate of the pound increases from $1.51 to $1.62 by the option's expiration date, the option will expire worthless, since the speculator would not exercise the option to sell pounds at $1.50 when the market rate is $1.62. Therefore, the highest net profit possible on the option for the speculator, in this case, would be $0, and the speculator would incur a loss equal to the cost of the option, which is -$1,562.50 (approximated to -$1,562 for the answer choices).
The correct answer to the question is: b. -$1,562, representing the loss of the initial investment with no additional profit since the option is not exercised.
In 2016, Whiteside Catering purchased 60,000 shares of Roush Organic Foods’ common stock for $945,000. On December 31, 2016, the fair value of the Roush shares was $900,000. On December 3, 2017, Whiteside sold all of their shares of Roush common stock for $17 per share less $42,000 in brokerage commissions. The realized gain on the sale of stock in 2017 that Whiteside should report is
Answer:
The realized gain that Whiteside should report on sale of stock should be $33,000.
Explanation:
Whiteside bought the 60,000 shares from Roush organic foods at a price of $945,000 in 2016. On December 3, 2017 whiteside sold those 60,000 shares at $17 per share, with this they have also paid $42,000 in brokerage commissions. For taking out the gain we will subtract the purchase price of shares from selling price of share.
NOTE* ( We will subtract the brokerage commission from the sales. )
Realized gain = (Sales - brokerage commission) - purchase price
NOTE* (SALES = $17 X 60,000 = $1020,000)
= ($1020,000 - $42,000) - $945,000
= $978,000 - $945,000
= $33,000
Final answer:
Whiteside Catering should report a realized gain of $33,000 on the sale of Roush Organic Foods' stock in 2017, after accounting for the sale price per share and subtracting brokerage commissions from the total sale proceeds.
Explanation:
To calculate the realized gain on the sale of stock by Whiteside Catering, we first need to determine the total sale proceeds from selling Roush Organic Foods' common stock. Whiteside Catering sold all their shares (60,000 shares) at $17 per share, but we must also subtract the brokerage commissions of $42,000 from the total.
The total sale proceeds are calculated as follows:
Total sale = 60,000 shares * $17 per share = $1,020,000Total sale after brokerage commissions = $1,020,000 - $42,000 = $978,000To find the realized gain, we subtract the original purchase amount of $945,000 from the net sale proceeds of $978,000.
Realized gain = Net sale proceeds - Original purchase amount
= $978,000 - $945,000
= $33,000
Therefore, Whiteside Catering should report a realized gain of $33,000 on the sale of Roush Organic Foods' stock in 2017.
Cedar Designs Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood, sold by the square foot. The current cost of cedar wood is $6.00 per square foot from the supplier. Delivery costs are $0.25 per square foot. Carpenters' wages are $30.00 per hour. Payroll costs are $3.60 per hour, and benefits are $6.00 per hour. How much is the direct labor standard cost per hour
Answer: the correct answer is $39.60 per hour.
Explanation: since the question is about labor standard costs per hour, we have to set aside the material costs and focus on the labor costs. We have to add all the labor costs which means we have to add Carpenters's wage plus Payroll costs plus benefits that is $ 30.00 plus $3.60 plus $6.00 equals $39.60 per hour.
$39.60 per hour is the direct labor standard cost per hour. We must disregard the cost of the materials and concentrate on the labor costs
What is labor?The effort that people put forth to produce goods and services is referred to as labor. Both the engineer who created the bus that delivers you to school and the waiter who brings your food to a nearby restaurant are examples of labor resources.
We must disregard the cost of the materials and concentrate on the labor costs because the inquiry is about labor standard costs per hour. The total labor cost, which includes the pay for the carpenters as well as payroll expenses and benefits, comes to $39.60 per hour ($30.00 plus $3.60 plus $6.00).
Therefore, The direct labor standard cost per hour is $39.60. We must ignore material costs and pay attention to labor expenditures.
Learn more about labor here:
https://brainly.com/question/14348614
#SPJ5
On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man, who pays in cash. The sale is subject to a 9.75 percent sales tax. Prepare the revenue portion of the February 13 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
cash 10,000 debit
sales tax tayable 975
sales revenue 9.025
Explanation:
the sale was made on cash, so we use cash account.
then to calculate the sale tax tayable:
sales price x tax sale rate = sale tax payable
10,000 x 0.0975 = 975
finally the revenue will be the diference between the proceeds of the sale and the taxes.
revenue = price - tax = 10,000 - 975 = 9,025
Final answer:
To calculate the revenue portion for the jewelry store's sale on February 13, multiply the $10,000 price by the 9.75% sales tax rate to determine the sales tax amount of $975. Add the tax to the original price to record a total revenue of $10,975, with entries to cash (debit), sales revenue (credit), and sales tax payable (credit).
Explanation:
Calculating Sales Tax and Total Revenue
To prepare the revenue portion of the February 13 transaction, we must calculate the sales tax that the jewelry store must collect and then determine the total amount that the store will record as revenue. The engagement ring is sold for $10,000 and the sales tax rate is 9.75 percent.
Firstly, we convert the sales tax rate from a percent to a decimal by dividing by 100:
Sales tax rate in decimal = 9.75% ÷ 100 = 0.0975
Next, we multiply the sales price by the sales tax rate to find the amount of sales tax:
Sales tax amount = $10,000 × 0.0975 = $975
Now, add the sales tax amount to the original sales price to find the total revenue:
Total revenue = Sales price + Sales tax amount
Total revenue = $10,000 + $975 = $10,975
The revenue portion of the transaction will include a debit to the cash account for the total amount received, which is $10,975, and a credit to the sales revenue account for the sales price of $10,000. Additionally, there will be a credit to the sales tax payable account for the sales tax collected, which is $975.
Pinacle Corp. budgeted $700,000 of overhead cost for the current year. Actual overhead costs for the year were $650,000. Pinacle's plantwide allocation base, machine hours, was budgeted at 100,000 hours. Actual machine hours were 80,000. A total of 100,000 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: a. $6.50 per machine hour b. $8.13 per machine hour c. $7.00 per machine hour d. $8.75 per machine hour
Answer: Plantwide factory overhead rate for the current year is $7.00 per machine hour.
Explanation:
Given that,
Budgeted overhead cost for the current year = $700,000
Actual overhead costs for the year = $650,000
Budgeted machine hours = 100,000 hours
Actual machine hours = 80,000 hours
Total units budgeted to be produced = 100,000 units
Total units actually produced = 98,000 units
Plantwide factory overhead rate for the current year is:
= [tex]\frac{Budgeted\ Overhead\ Cost\ in\ current\ year}{Budgeted\ machine\ hours}[/tex]
= [tex]\frac{700000}{100000}[/tex]
= $7.00 per machine hour
Final answer:
Pinacle Corp.'s plantwide factory overhead rate for the current year is calculated by dividing the budgeted overhead costs ($700,000) by the budgeted machine hours (100,000 hours), which results in a rate of $7.00 per machine hour. The correct option is c.
Explanation:
To calculate Pinacle Corp.'s plantwide factory overhead rate for the current year, we use the budgeted overhead costs and the budgeted machine hours. The overhead rate is computed by dividing the total budgeted overhead costs by the total budgeted machine hours.
The calculation is as follows:
Total budgeted overhead costs: $700,000.
Total budgeted machine hours: 100,000 hours.
Plantwide factory overhead rate: $700,000 / 100,000 hours = $7.00 per machine hour.
Therefore, the correct answer to the question is c. $7.00 per machine hour.
In the labor discipline model, and increase in unemployment will: A. increase workers’ employment rents and increase workers’ effort level. B. decrease workers’ employment rents and increase workers’ effort level. C. increase workers’ employment rents and decrease workers’ effort level. D. decrease workers’ employment rents and decrease workers’ effort level.
Answer: Option (D) is correct.
Explanation:
In the labor discipline model, an increase in unemployment will decrease workers’ employment rents and decrease workers’ effort level.
An increase in the unemployment, will shift the bargaining power towards employers. So, they are taking advantage of this situation by reducing the wage rate because they know that workers don't have much options of employment.
Now, employers giving lower wage to the workers, as a result this will discourage workers for giving their full effort to the work.
In the labor discipline model, an increase in unemployment decreases workers' employment rents and increases their effort level to avoid losing their jobs in a more competitive market. So, option B is correct.
In the labor discipline model, an increase in unemployment will typically decrease workers' employment rents and increase workers' effort level. Employment rents refer to the benefits a worker receives from being employed versus being unemployed, including wages, benefits, and the utility of employment itself. When unemployment rises, workers are more inclined to exert higher effort in their current jobs to avoid the risk of unemployment because finding another job becomes more difficult. Therefore, the correct answer to the student's question is B. decrease workers' employment rents and increase workers' effort level.
In periods of rising prices, the inventory method which gives the lowest possible ending inventory cost is the (A) FIFO method. (B) LIFO method. (C) weighted-average method. (D) lower of cost or market inventory method.
Answer: The answer is (B) LIFO method.
Explanation: The LIFO (last in, first out) method of inventory costs states that the most recent units are the first to leave. Therefore the oldest units are left in inventory.
In periods of rising prices the oldest units are the lowest cost units.
Suppose that you have been hired to analyze the impact on employment from the imposition of a minimum wage in the labor market. Further suppose that you estimate the supply and demand functions for labor, where L stands for the quantity of labor (measured in thousands of workers) and W stands for the wage rate (measured in dollars per hour): Demand: L D = 100 - 3W Supply: L S = 7W. First, calculate the free-market equilibrium wage and quantity of labor. The competitive market equilibrium wage is $ _______ per hour. (Enter your response as an integer.) The competitive market equilibrium quantity of labor is ______ thousand workers. (Enter your response as an integer.) Now suppose the proposed minimum wage is $ 12. How large will the surplus of labor in this market be? With a minimum wage of $ 12 per hour, the surplus will be ______ thousand workers. (Enter your response as an integer.)
Answer:
The competitive market equilibrium wage is $ 10 per hour.
The competitive market equilibrium quantity of labor is 70 thousand workers.
With a minimum wage of $ 12 per hour, the surplus will be 20 thousand workers.
Explanation:
We set up the equation system:
[tex]\left \{ {{\a L_d = 100 - 3W} \atop {\a L_s = 7W}} \right.[/tex]
If Ld = Ls then:
100 - 3w = 7w
100 = 10w
100/10 = w = 10
and now we solve for L
L = 100 - 3*10 = 100-30 = 70
L = 7*10 = 70
(II)
If w = 12
Ld 100 - 3*12 = 64
Ls 7*12 = 84
Surplus 20 thousands
Final answer:
The competitive market equilibrium wage is $10 per hour with an equilibrium quantity of labor of 70 thousand workers. Imposing a minimum wage of $12 per hour results in a labor surplus of 20 thousand workers, demonstrating the impact of minimum wage laws on employment levels.
Explanation:
The free-market equilibrium wage and quantity of labor based on the given supply and demand functions for labor, followed by the calculation of the labor surplus at a proposed minimum wage of $12 per hour. Using the equations LD = 100 - 3W for demand and LS = 7W for supply, setting LD = LS allows for the determination of the equilibrium wage and quantity of labor. The equilibrium is found when the quantity of labor demanded equals the quantity of labor supplied, leading to solving the equation 100 - 3W = 7W, which yields an equilibrium wage of $10 per hour and an equilibrium quantity of labor of 70 thousand workers. With a minimum wage set at $12, higher than the equilibrium wage, the demand for labor decreases while the supply of labor increases, leading to a surplus. The surplus is calculated by substituting W = 12 into the demand and supply functions, resulting in a labor demand of 64 thousand workers and a labor supply of 84 thousand workers, thus a surplus of 20 thousand workers.
Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has yearly maintenance costs of $29,000, yearly operating costs of $22,000, and yearly revenues of $97,000. Two years ago, the firm spent $6,000 upgrading the equipment used to make this product, and it expects to spend $5,000 on additional upgrades three years from now. In this scenario, Olive
A has sunk costs of $51,000.
B does not have any sunk costs.
C has sunk costs of $5,000.
D has sunk costs of $6,000.
Answer:
D) has sunk costs of $6,000
Explanation:
Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.
Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.
Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.
Further amount to be spend of $5,000 has yet to be incurred and the decision to incur such cost can also be avoided, therefore it is not a sunk cost.
In this scenario D) has sunk sunk cost of $6,000
uppose you are interested in selling your home and would like to clear a net value of $300,000. If you have agreed to pay your broker a commission of 5.5% (no matter who ultimately is responsible for finding the buyer), what price must you sell the home for in order to meet your net profit ?
Answer:
Price to sell the house = $317,460.32
Explanation:
Total net profit required = $300,000
Provided commission to broker = 5.5% on selling value.
Therefore Net profit = 100 - 5.5 = 94.5% as this is net of commission.
Now we have Net Selling Price = $300,000/94.5% = $317,460.32
Note: Let us cross check
Commission on sales = $317,460.32 X 5.5% = $17,460.32
Therefore Net profit in hand = $317,460.32 - Commission $17,460.32 = $300,000
Final Answer
Price to sell the house = $317,460.32
While shopping at the mall, Jane was asked by one of the sales representatives at the cosmetics counter to try out a new lipstick that her company was test marketing. The company representative asks her how much she would be willing to pay for the lipstick. After trying it out, Jane is of the opinion that $5 is just the right price for it. What type of a reference price is Jane using?
A. Usual discounted priceB. Fair priceC. Maximum retail priceD. Last price paidE. Historical competitor price
Answer: Fair price is the type of a reference price that Jane is using.
Here, Jane is of the opinion and how she pursues the price of the commodity in the market .i.e. fair price is the quantity of money that it you pursue to be sensible for a commodity.
A client is admitted to an acute care facility after an episode of status epilepticus. After the client is stabilized, which factor is most beneficial in determining the potential cause of the episode?
Answer:
????????????????
Explanation:
????????????????????
After the client is stabilized from an episode of status epilepticus, the factor which is most beneficial in determining the potential cause of the episode is, "compliance with the prescribed medication regimen."
What is status epilepticus?Status epilepticus is a medical emergency that may lead to permanent brain damage or death. In status epilepticus episode, a seizure lasts longer than 5 minutes, or a person may have more than 1 seizure within a 5 minutes period, without returning to a normal level of consciousness between episodes.
Status epilepticus requires urgent medical treatment to lessen the chance of serious complications. Medical treatment needs to be started as soon as possible. Thus, Oxygen and other support for breathing and emergency medications are needed.
Which factor determines the potential cause of the episode?After the client is stabilized from an episode of status epilepticus, the factor which is most beneficial in determining the potential cause of the episode is compliance with the prescribed medication regimen. Thus, the medication helps in getting the desired results.
Hence, the answer is given and explained above.
To learn more about Status epilepticus here:
https://brainly.com/question/14329512
#SPJ2