Answer:
The economies of Technetium and Polonium are identical except that Technetium announces that it will start rewarding entrepreneurs with the right to earn and keep profits. Which economy is likely to experience greater long-term economic growth?
The Technetium economy is likely to experience greater long-term economic growth than the Polonium economy.
Explanation:
The Technetium economy is likely to experience greater long-term economic growth than the Polonium economy, the reason being that since the Technetium economy will compensate entrepreneurs with the right to earn and keep profits, it will encourage entrepreneurs to bring their ideas to market. This will improve the economy by creating more jobs and money sources, thus, Technetium will experience long term economic growth.
Sabor Inc. is a medical testing laboratory that performs several tests and analyses for hospitals in the area. Four of the tests that it performs require the use of a specialized machine that can supply 14,000 hours per year. Information on the four lab tests is as follows: Test A Test B Test C Test D Charging rate $65 $51 $48 $32 Variable cost $25 $18 $13 $8 Machine hours 3 2 1 0.5 What is the contribution margin per hour of machine time for Test A
Answer:
$13.33
Explanation:
Test A
Charging rate $65
Variable cost ($25)
Contribution margin $40
Contribution margin per machine hour $40/3=$13.33
The contribution margin per hour of machine time for Test A is $13.33.
The contribution margin per hour of machine time for Test A is calculated by subtracting the variable cost per unit from the charging rate per unit and then dividing by the machine hours required for Test A.
First, calculate the contribution margin for Test A:
Contribution Margin for Test A = Charging Rate for Test A - Variable Cost for Test A
Contribution Margin for Test A = $65 - $25
Contribution Margin for Test A = $40
Now, calculate the contribution margin per machine hour for Test A:
Contribution Margin per Machine Hour for Test A = Contribution Margin for Test A / Machine Hours for Test A
Contribution Margin per Machine Hour for Test A = $40 / 3 hours
Contribution Margin per Machine Hour for Test A = $13.33 per hour
Wood Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs are made by hand. Wood Company uses a companywide overhead rate that is based on direct labor hours to assign overhead costs to the two products. If Wood Company automates the production of straight-back chairs and continues to use direct labor hours as a companywide allocation basis:
a. rocking chairs will be undercosted
b. there should be no impact on unit cost
c. straight back chairs will be overcosted
d. rocking chairs will be overcosted.
Answer:
d. rocking chairs will be overcosted.
Explanation:
Since in the given situation, if the company automates the production of straight-back chairs so the direct hours of straight back chairs will be decreased and the rocking chairs would remain constant and we assume that overall overhead remain the same
In addition, Overall Direct working hours would minimize the proportion of Direct rocking chair working hours in total direct working hours. As a result, the overhead allocation to the Rocking chair would also increase on the basis of Direct Labor hours than before. And it would overcoat the rocking chairs.
Hence, the correct option is d.
Automating the production of straight-back chairs at Wood Company and continuing to use direct labor hours as a companywide allocation basis will result in the overcosting of rocking chairs. The correct option is d.
Explanation:If the Wood Company automates the production of straight-back chairs and continues to use direct labor hours as a companywide allocation basis, the most likely impact would be to overcost the rocking chairs.
This is so because by automating the production of straight-back chairs, the direct labor hours for these chairs will decrease drastically, whereas the direct labor hours for the handmade rocking chairs remain the same.
As a result, a larger portion of the overheads based on direct labor hours will be assigned to the rocking chairs, making them appear more costly than they actually are. Hence, option 'd. rocking chairs will be overcosted' is the correct one. The correct option is d.
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The estimated regression equation for a model involving two independent variables and 10 observations follows. Here SST = 6,724.125, Interpret the regression coefficients in this estimated regression equation Group of answer choices A one-unit increase in x1 will lead to a 0.5906 unit increase in y, when x2 is held constant. A one-unit increase in x2 will lead to a 0.498 unit decrease in y, when x1 is held constant.
Answer:
Given data in the problem statement is
SST=6724.125
incremental in x1=0.5906
Incremental in x2=0.498
no of observations=10
This is the model of clustering in unsupervised machine learning as model will interpret this model as true or false only.
The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises, A. the demand curve shifts leftward. B. there is a movement up along the demand curve to a smaller quantity demanded. C. there is a movement down along the demand curve to a larger quantity demanded. D. the demand curve shifts rightward.
Answer:
B. there is a movement up along the demand curve to a smaller quantity demanded.
Explanation:
Based on the laws of demand, if the price of the good rises the quantity demanded of that good would be reduced keeping other things constant and if the price of the good declines the quantity demanded of that good would be raised keeping other things constant.
It represents the inverse relation between the price and the quantity demanded of the good
Therefore the quantity demanded get decreased with the price
The law of demand states that when the price of a good rises, the quantity demanded decreases. Option B is the correct answer as it describes the movement along the demand curve to a smaller quantity demanded.
Explanation:The law of demand states that when the price of a good rises, the quantity demanded decreases. This means that as the price increases, people are less willing and able to purchase the good.
Option B is the correct answer. When the price of a good rises, there is a movement up along the demand curve to a smaller quantity demanded. This is because the higher price reduces the quantity that consumers are willing to buy.
For example, if the price of a pizza increases, people might choose to buy less pizza or substitute it with a different food item.
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Dayton has forecast sales to be $214,000 in February, $279,000 in March, $298,000 in April, and $314,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May?
Answer:
The answer is attached;
Explanation:
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 9.2 grams $14.70 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased.. Actual cost of materials purchased. Actual materials used in production... Actual output 5,500 grams $76,450 5,100 grams 540 units The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month?
Answer:
Instructions are below.
Explanation:
Giving the following information:
Standard quantity per unit= 9.2 grams
Standard price= $14.70 per gram
Actual materials purchased= 5,500 grams
The actual cost of materials= $76,450
Actual materials used in production= 5,100 grams
Actual output= 540 units
To calculate the direct material variances, we need to use the following formulas:
Direct material price variance= (standard price - actual price)*actual quantity
Actual price= 76,450/5,500= $13.9
Direct material price variance= (14.7 - 13.9)*5,500= $4,400 favorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 540*9.2= 4,968 grams
Direct material quantity variance= (4,968 - 5,100)*14.7= $1,940.4 unfavorable
Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increase in net capital outflow, or a decrease in net capital outflow for the United States.
a. An American buys a Sony TV.
b. An American investor buys a controlling share in a South Korean electronics firm.
c. The Sony pension fund buys a bond from the U.S. Treasury.
d. A South Korean tourist buys some Sunkist oranges from an American farmer.
Answer: a. Decrease in Net Exports
b. Increase in Net Capital
c. Decrease in Net Capital.
d. Increase in Net Exports
Explanation:
a. A Decrease in Net Exports
Net Exports is Exports - Imports. In buying a Television from a foreign company, the American has imported the good. This will reduce Net Exports by the aforementioned formula.
b. An INCREASE in NET CAPITAL OUTFLOW
This is essentially Capital being invested in other countries. It increases when more is invested in other countries as opposed to less.
c. A DECREASE in NET CAPITAL OUTFLOW.
As previously stated, Net Capital Outflow increases when a country invests more in another country. Since we are looking at it from the perspective of the USA, Sony, which is not an American company, buying into such capital is considered a Decrease in Net Capital Outflow as money is coming into the US.
d. An INCREASE in NET EXPORTS
Here, a foreigner is buying goods in the USA. That translates to Export. And by the Net Export Equation, Net Exports will rise.
If you need any clarification do react or comment.
Net exports decrease when an American buys a Sony TV, while it increases when a South Korean tourist buys Sunkist oranges. Net capital outflow increases with purchase of a share in a South Korean company by an American and decreases when Sony pension fund buys a U.S. Treasury bond.
Explanation:Here are the transactions and their impact:
An American buys a Sony TV. This is an import and would decrease net exports for the United States.An American investor buys a controlling share in a South Korean electronics firm. This would increase net capital outflow as money is leaving the U.S and going to South Korea.The Sony pension fund buys a bond from the U.S. Treasury. This would decrease net capital outflow, as money is entering the U.S. from abroad.A South Korean tourist buys some Sunkist oranges from an American farmer. This would increase net exports as this is an export from the U.S to South Korea.Learn more about Net Exports and Net Capital Outflow here:https://brainly.com/question/37531629
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West Corp. issued 17-year bonds 2 years ago at a coupon rate of 10.3 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM
Answer:
10%
Explanation:
The actual return that an investor earn on a bond until its maturity is called the Yield to maturity. It is a long term return which is expressed in annual rate.
According to given data
It is assumed that face value of the bond is $1,000
Coupon Payment = C = $1,000 x 10.3% = $103 annually = $51.5 semiannually
Price of the Bond = P = $1,000 x 102% = $1,020
Numbers of period = n = (17-2) years x 2 = 30 periods
Use Following Formula to calculate YTM
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = [ $51.5 + ( $1,000 - $1,020 ) / 30 ] / [ ($1,000 + $1,020 ) / 2 ]
Yield to maturity = $50.83 / $1,010 = 0.0503 = 5.03% = 5% per Semiannual
Yield to maturity = 5% x 2 = 10% annually
Yield to maturity = 3.56% semiannually OR 7.12% annually
Answer:
The answer is 10.04%
Explanation:
Yield-to-maturity (YTM) is the of return an investor is expecting from its bonds.
The payment is semiannual.
Number of years, N is 30 years[(7 years - 2 years) x 2]
YTM = ?
Present Value(PV) = $102(102% of $100)
Coupon payment (PMT) = $5.15[(10.3percent ÷ 2) x $100]
Future Value(FV) = $100
Using Financial calculator, we have:
5.02percent
This is for semiannual
Therefore, annual YTM will be:
5.02 percent x 2
10.04%
Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semiannually. Assume the bonds have been assigned credit ratings of BBB (stable outlook) by Standard and Poor's, Baa2 (stable outlook) by Moody's, and BBB (stable outlook) by Fitch. Which of the following is not true? A. The yield on these bonds would have been lower if Standard and Poor's, Moody's, and Fitch had assigned higher credit ratings. B. The periodic interest payment will be €40.50 million. C. The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings. D. The periodic interest expense will depend on the bond's yield. E. None of the above
Answer:
C. The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings
Explanation:
Assume that in January 2017, Vivendi announced a €1.2 billion bond issuance. The bonds have a coupon rate of 6.75% payable semiannually. Assume the bonds have been assigned credit ratings of BBB (stable outlook) by Standard and Poor's, Baa2 (stable outlook) by Moody's, and BBB (stable outlook) by Fitch.
Which of the following is not true? The coupon rate on these bonds would have been higher if Standard and Poor's, Moody's, and Fitch had assigned lower credit ratings.
Gerry bought 100 shares of stock for $30.00 per share on 70% margin. Assume Gerry holds the stock for one year and that his interest costs will be $45 over the holding period. Gerry also received dividends amounting to $0.30 per share. Ignoring commissions, what is his percentage return on invested capital if he sells the stock for $34 a share?
THE RETURN ON INVESTMENT FOR GERRY WILL BE
Explanation:
TO CALCULATE RETURN ON INVESTMENT :
PURCHASE VALUE WILL BE TAKEN AS $30×100= 3000
DIVIDEND =$0.30×100
= $30
INTEREST PAID = $ 45
SALE PRICE = $34*100
= $3400
TOTALRETURN WILL BE CALCULATED AS SALES MINUS PURCHASE AND ADDING DIVIDEND AND SUBTRACTING INTEREST PAID WHICH IS = $3400-$3000+$30-$45= $385
NOW WE WILL CALCULATE CAPITAL INVESTMENT WHICH IS =[tex]\frac{TOTAL RETURN}{CAPITAL INVESTMENT}[/tex] = [tex]\frac{385}{2100}[/tex] × 100=18.33%
OUR ACTUAL CAPITAL INVESTMENT IS 70%×3000 = $2100.
The percentage return is 18.33%.
The calculation is as follows:Amount invested is
= 30 × 100 × 70%
= $2,100
Now
Total return is
= (100 × 0.3) + 100 × (34 - 30) - 45
= 385
Now finally
Return on invested capital is
= 385 ÷ 2100
= 18.33%
Therefore we can conclude that the percentage return is 18.33%.
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Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson Co. issued $1,200,000 of 10-year, 12% bonds on May 1 of the current year at face value, with interest payable on May 1 and November 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions for the current year. Refer to the Chart of Accounts for exact wording of account titles. May 1 Issued the bonds for cash at their face amount. Nov. 1 Paid the interest on the bonds. Dec. 31 Recorded accrued interest for two months.
When Thomson Co. issued $1,200,000 of bonds, they made a journal entry debiting Cash and crediting Bonds Payable. Interest payments are recorded by debiting Interest Expense and crediting Cash, and accrued interest is recorded by debiting Interest Expense and crediting Interest Payable.
A company like Thomson Co. can raise funds for operations or expansion by issuing bonds, which are debt securities. On May 1, Thomson Co. issued $1,200,000 of 10-year, 12% bonds at face value, meaning the bonds were sold for exactly what they are worth, and not at a premium or discount. To Journalize the issuance of the bonds, the entry on May 1 would be to debit Cash for $1,200,000 and credit Bonds Payable for $1,200,000, reflecting the receipt of cash in exchange for the obligation to pay back the bondholders in the future.
On November 1, when the first interest payment is due, Thomson Co. will make a payment of 12% annual interest on $1,200,000 for six months (from May to November), which equals $72,000 in interest (1,200,000 x 0.12 x 6/12). The entry to record this interest payment would be to debit Interest Expense for $72,000 and credit Cash for $72,000.
Finally, on December 31, Thomson Co. needs to record the accrued interest for two months (November and December), which amounts to $24,000 (1,200,000 x 0.12 x 2/12). The journal entry for the accrued interest would be to debit Interest Expense for $24,000 and credit Interest Payable for $24,000. This ensures that the financial statements reflect the expense incurred during the current year, even though the payment will be made the next year.
Wall-E makes 2 products, frames and hangers. Frames have a contribution margin per unit of $6.00 and hanger has a contribution margin per unit of $11.00. Wall-E has annual fixed costs of $290,000 units. Assume that frames and hangers are sold in a 3:1 mix (3 frames are sold for each hanger). How many units of each must be sold to break-even
Answer:
Break-even point (units)=40,000 units
Explanation:
Giving the following information:
Frames have a contribution margin per unit of $6.00 and hanger has a contribution margin per unit of $11.00. Wall-E has annual fixed costs of $290,000 units.
We need to calculate the break-even point in units for the whole company.
Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio
Weighted average contribution margin ratio= (6*0.75) + (11*0.25)
Weighted average contribution margin ratio= 7.25
Break-even point (units)= 290,000/7.25
Break-even point (units)=40,000 units
Larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company's objectives
True or False: Larry will receive dividends after preferred stockholders.
a. False
b.True
Larry also holds 2,000 shares of common stock in a company that only has 20,000 shares outstanding. The company's stock currently is valued at $48.00 per share. The company needs to raise new capital to invest in production. The company is looking to issue 5,000 new shares at a price of $38.40 per share. Larry worries about the value of his investment. .
If the company issues new shares and Larry makes no ____ Larry's current investment in the company is additional purchase, Larry's investment will be worth
This scenario is an example of ____. Larry could be protected if the firm's corporate charter includes a provision
If Larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become _____.
Answer:
b.True
Preferred Stock as their name suggest comes first in the dividend distribution.
If it makes no purchase of the new shares then, their investment will decrease to $76,800 as the market value no longer is $48 per share
This is an example of dilution that is, the decrease in both, business participation and also, value of the investment as new shares are issued the older investor will take a hit in their participation if they don't purchase additional shares in the new issuances
Explanation:
2,000 shares x $38.40 = 76,800
At the end of the current year, the accounts receivable account has a debit balance of $1,095,000 and sales for the year total $12,420,000. The allowance account before adjustment has a debit balance of $14,800. Bad debt expense is estimated at 3/4 of 1% of sales. The allowance account before adjustment has a debit balance of $14,800. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $47,400. The allowance account before adjustment has a credit balance of $5,300. Bad debt expense is estimated at 1/2 of 1% of sales. The allowance account before adjustment has a credit balance of $5,300. An aging of the accounts in the customer ledger indicates estimated doubtful accounts of $44,000. Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above.
Answer and Explanation:
The computation is shown below:
a) Bad debt expense is
= $12,420,000 × 3 ÷ 4 of 1%
= $93,150
b) Bad debt expense is
= Estimated doubtful accounts + debit balance of allowance account
= $47,400 + $14,800
= $62,200
c) Bad debt expense is
= $12,420,000 × 1 ÷ 2 of 1%
= $62,100
d) Bad debt expense is
= Estimated doubtful accounts - credit balance of allowance account
= $44,000 - $5,300
= $38,700
We simply applied the above formulas
Prepare a 4–6 page case analysis on the topic of strategic management and why it is critical to the success of an organization in meeting its goals and mission. In your analysis respond to the following question: What is strategic management and why is it critical to the success of an organization in meeting its goals and mission?
Answer:
Strategic management can be defined as the correct management of the resources of a certain organization, whose objective is to achieve the proposed goals. This means having very clear business objectives, analyzing the competition, internally analyzing the internal organization, having clear strategies and having them carried out by the administration in the business organization.
In order to achieve the established objectives, certain aspects must be taken into account, such as the business culture, the skills of all employees and the organizational structure of the company. Companies that do not conform to these characteristics may have some difficulties and problems to achieve business success.
Lower-level managers or employees can have a significant influence in establishing and implementing business strategies, although in the end, top management is responsible for applying business strategies.
Organizational leaders need to be responsible for learning from past strategies and examining their business environment, in search of other strategies. Excellent strategic management is paramount to have an overall perspective, both internal and external.
Explanation:
Strategic management is essential for organizational success, encompassing planning, execution, and monitoring of strategies to meet goals and missions. It ensures financial and management stability, fosters strategic thinking, and enhances the ability to handle pressure and challenges in the business environment.
Explanation:What is Strategic Management and Its Importance?Strategic management is a comprehensive approach to planning, implementing, monitoring, and analyzing an organization's strategies to achieve its goals and fulfill its mission. It serves as a fundament for decision-making processes, directing organizations towards sustainable growth and competitive advantage.
The importance of strategic management lies in its capacity to guide companies through a constantly changing business environment. By analyzing the organization's overall financial position and comparing it to peer organizations, strategic management provides insights into how operations and policies can be adjusted to strengthen financial positions and manage liabilities effectively.
Moreover, strategic management emphasizes the importance of keeping management issues in perspective. It provides strategies to prevent or remedy problems, ensuring that management challenges do not derail the organization's objectives. The integration of management and organization, along with a detailed financial plan, further illustrates how strategic decisions underpin the structural and financial stability of a company.
Key Components of Strategic ManagementAnalysis of the financial and competitive landscape.Development of a strategic vision aligned with the organization's mission.Implementation of strategies through effective organization and management structures.Monitoring and adjusting strategies based on performance and external changes.In conclusion, strategic management is critical to the success of any organization as it encompasses planning, executing, and monitoring strategies essential for meeting goals and fulfilling the mission. This structured approach not only addresses financial and managerial aspects but also emphasizes strategic thinking and the ability to work under pressure, making it indispensable for surviving and thriving in today's complex business world.
Matthias Corp. had the following foreign currency transactions during 2017:
Purchased merchandise from a foreign supplier on January 20 for the U.S. dollar equivalent of $62,900 and paid the invoice on April 20 at the U.S. dollar equivalent of $53,200.
On September 1, borrowed the U.S. dollar equivalent of $305,000 evidenced by a note that is payable in the lender's local currency in one year. On December 31, the U.S. dollar equivalent of the principal amount was $322,000.
Required:
In Matthias's 2017 income statement, what amount should be included as a net foreign exchange gain or loss?
Answer:
$7,300 loss
Explanation:
The computation of the net foreign exchange gain or loss included in the income statement is shown below:
Since the merchandise purchased value is $62,900
And, the paid amount is $53,200
So, the gain on transaction is
= $62,900 - $53,200
= $9,700
The borrowed amount is $305,000
And, the principal amount is $322,000
So, the loss is
= $305,000 - $322,000
= $17,000 loss
So in this case $7,300 loss is included which is a difference of $9,700 and $17,000
David Company uses the gross method to record sales made on credit. On June 10, 2017, it sold goods worth $250,000 with terms 2/10, n/30 to Charles Inc. On June 19, 2017, David received payment for 1/2 of the amount due from Charles Inc. David's fiscal year end is on June 30, 2017. What amount will be reported in the financial statements for the accounts receivable due from Charles Inc?
Answer:
$125,000
Explanation:
Good worth $250,000-$125,000
=$125,000
The amount that will be reported in the financial statements for the accounts receivable due from Charles Inc is $125,000 due to the fact that On June 10, 2017 goods worth $250,000 where sold to Charles Inc and On June 19, 2017, David received payment for 1/2 of the amount due from Charles Inc which makes us to arrived at $125,000 which is the 1/2 of $250,000 then less the actual amount which is $2,50,000 which in turn make us to arrived at $125,000 as the answer.
(1/2×$250,000)=$125,000
Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. She is unsure how to price her ice cream cones and has experimented with two prices in successive weeks during the busy August season. The number of people who entered the store was roughly the same each week. During the first week, she priced the cones at $4.80 and 2,185 cones were sold. During the second week, she priced the cones at $5.30 and 1,750 cones were sold. The variable cost of a cone is $1.00 and consists solely of the costs of the ice cream and the cone itself. The fixed expenses of the ice cream stand are $2,030 per week. Required: 1. What profit did Maria earn during the first week when her price was $4.80
Answer:
The correct answer is $6,283 .
Explanation:
As per the data given in the question,
Sales = 2,185 × $4.8
= $10,488
Variable cost = 2,185 × $1.00
= $2,185
Contribution = Sales - Variable cost
= $10,488 - $2,185
= $8,303
Fixed cost = $2,030 per week
We can calculate the profit by using following formula:
Profit = Contribution - Fixed cost
By putting the value in the formula, we get
= $8,303 - $2,020
= $6,283
Yeaman Company manufactures luggage sets. Yeaman sells its luggage sets to department stores. Yeaman expects to sell 1 comma 850 luggage sets for $ 345 each in January and 2 comma 250 luggage sets for $ 345 each in February. All sales are cash only. Prepare the sales budget for January and February.
Answer and Explanation:
The preparation of the sales budget for the month of Jan and Feb is presented below:
Particulars January February
Budgeted luggage sets to be sold 1,850 2,250
Sales price per unit $345 $345
Total sales $638,250 $776,250
By multiply the luggage sets with the sales price per unit we can get the total sales and the same is shown above
You work for a small startup company that just hired five new employees, doubling its number of team members. In preparation for the new employees’ first day in the office, you add five new user accounts to your CRM (customer relationship management) software subscription, a service that is hosted in the cloud. What aspect of cloud computing has worked to your advantage?
Answer:
Rapid elasticity.
Explanation:
Cloud computing is defined as an on demand available computer service, that focuses on data storage.and computing. It is not managed by the user.
Rapid elasticity is the ability to scale the services being used by an entity in cloud computing. There is ability to scale up or scale down on cloud service usage.
In this instance there was a scaling up when you added five new user accounts to your CRM (customer relationship management) software subscription, a service that is hosted in the cloud.
Suppose the price index was 110 in 2004, 120 in 2005, and 125 in 2006. Which of the following statements is correct? a. The economy experienced inflation between 2004 and 2005 and between 2005 and 2006. b. The inflation rate was positive between 2004 and 2005, and it was negative between 2005 and 2006. c. The inflation rate was higher between 2005 and 2006 than it was between 2004 and 2005. d. All of the above are correct.
Answer:
Option (a) is correct.
Explanation:
Given that,
Price index in the year 2004 = 110
Price index in the year 2005 = 120
Price index in the year 2006 = 125
Inflation rate refers to the rate at which the prices of goods increases from one year to the other.
Consumer price index indicates the inflation in a particular year.
Inflation between 2004 and 2005:
= (Price index in the year 2005 - Price index in the year 2004) ÷ Price index in the year 2004
= (120 - 110) ÷ 110
= 10 ÷ 110
= 0.0909 or 9.09%
Inflation between 2005 and 2006:
= (Price index in the year 2006 - Price index in the year 2005) ÷ Price index in the year 2005
= (125 - 120) ÷ 120
= 5 ÷ 120
= 0.0417 or 4.17%
Therefore, the inflation between 2004 and 2005 is higher than the inflation between 2005 and 2006.
Final answer:
The economy indeed experienced inflation between 2004 and 2005 and between 2005 and 2006, making the correct answer option a.
Explanation:
Suppose the price index was 110 in 2004, 120 in 2005, and 125 in 2006. The correct statement regarding this situation is: The economy experienced inflation between 2004 and 2005 and between 2005 and 2006.
Inflation denotes the increase in the price level over a period. Comparing the price indexes provided: from 110 in 2004 to 120 in 2005 indicates an increase in the price level, thus inflation. Similarly, the increase from 120 in 2005 to 125 in 2006 also signifies inflation. Therefore, option a is correct.
It is incorrect to assert that inflation was negative between any of the years mentioned, as the price index continuously rose, indicating positive inflation rates throughout the period. Moreover, the statement about the inflation rate being higher in one period compared to the other is not supported without calculating the specific yearly rates of inflation.
The master budget at Western Company last period called for sales of 235,000 units at $9.40 each. The costs were estimated to be $3.00 variable per unit and $270,000 fixed. During the period, actual production and actual sales were 240,000 units. The selling price was $9.50 per unit. Variable costs were $3.75 per unit. Actual fixed costs were $270,000. Required: Prepare a flexible budget for Western.
Answer:
Profit under flexible budget = $1,266,000 (please budget below)
Explanation:
Flexible budget is that which is that which recognizes the cost behavior and is used for control purpose. It is prepared based on the actual level of activity achieved using the assumptions of the static budget.
So we will prepare a flexible budget for Western Company for 240,000 units using the assumption of the static budget.
Flexible Budget
$
Sales Revenue (240,000× $9.40) = 2,256,000
Variable cost (240,000× $3.00) = ( 720,000 )
Contribution 1,536,000
Fixed cost (270,000)
Profit 1,266,000
A flexible budget adjusts with the volume of activity. For Western Company, based on 240,000 units sold at $9.50 each, factoring in costs, the operating income is $1,110,000.
Explanation:To prepare a flexible budget for Western, we need to remember that a flexible budget adjusts with the volume of activity (sales units in this case). Our budget will be based on the actual level of activity, which is 240,000 units.
Here's the step-by-step process:
First, multiply the actual units (240,000) by the actual selling price per unit ($9.50). This gives us actual revenue of $2,280,000.Second, multiply the actual units by the actual variable cost per unit ($3.75). This results in total variable costs of $900,000.The actual fixed costs need no adjusting; they remain at $270,000.Now, subtract both total variable costs and fixed costs from actual revenue to compute the flexible budget operating income. $2,280,000 - $900,000 - $270,000 equals $1,110,000.So based on these calculations, the flexible budget for Western Company is as follows: Total revenue of $2,280,000, total costs of $1,170,000 (including variable and fixed), and a resulting operating income of $1,110,000.
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Ivanhoe Corporation issued $468,000 of 6% bonds on May 1, 2020. The bonds were dated January 1, 2020, and mature January 1, 2023, with interest payable July 1 and January 1. The bonds were issued at face value plus accrued interest. Prepare Ivanhoe’s journal entries for (a) the May 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry
Answer:
May 1, 2020
Dr Cash $477,360
Cr Bonds Payable $468,000
Cr Interest Expense $9,360
July 1, 2020
Dr Interest Expense $14,040
Cr Cash $14,040
Dec 31, 2020
Dr Interest Expense $14,040
Cr Interest Payable $14,040
Explanation:
May 1, 2020
Dr Cash $477,360
Cr Bonds Payable $468,000
Cr Interest Expense $9,360
(Accrued Interest = 468,000 x 6% x 4/12)
July 1, 2020
Dr Interest Expense $14,040
Cr Cash $14,040
(Bond interest expense = $468,000 x 6% x 6/12)
Dec 31, 2020
Dr Interest Expense $14,040
Cr Interest Payable $14,040
(Defining capital structure weights) In August 2015 the capital structure of the Emerson Electric Corporation (EMR) (measured in book and market values) was as follows: ($ Millions) Book Value Market Value Short-term debt $2 comma 600 $2 comma 600 Long-term debt 4 comma 246 4 comma 246 Common equity Modifying 8 comma 051 with underline Modifying 35 comma 711 with underline Total capital Modifying $ 14 comma 897 with double underline Modifying $ 42 comma 557 with double underline What weights should Emerson use when computing the firm's weighted average cost of capital?
Answer:
0.1609 and 0.8391
Explanation:
The computation of the weight required to compute the firm's weighted average cost of capital is shown below:
For Weight of debt
= (Short-term debt + Long-term debt) ÷ (Total Capital )
= ($2,600 + $4,246) ÷ ($42,557)
= 0.1609
For weight of equity
= Common Equity ÷ Total Capital
= $35,711 ÷ $42,557
= 0.8391
We simply divide the debt with its total capital so that the weight of capital structure could arrive
Rose, who is obese, files a product liability suit against Burger Meal Corporation (BMC), alleging that BMC’s food is unhealthy because, as Rose knows, it contains high levels of cholesterol and saturated fat. BMC can most successfully assert the defense of preemption. assumption of risk. comparative negligence. knowledgeable user.
A. preemption.
B. assumption of risk.
C. comparative negligence.
D. knowledgeable user.
Answer:d
Explanation:
Predict weekly gross revenue (in dollars) for a week when $3,600 is spent on television advertising and $1,800 is spent on newspaper advertising. (Round your answer to the nearest cent.)
Answer:
Weekly gross revenue = $10,669
Explanation:
Regression equation for Showtime Movie Theatre is:
Y = 2.29018X1 + 1.30099X2 + 83.23009
Where
Y= weekly gross revenue
X1= television advertising
X2= newspaper advertising
Put X1 = 3600 and X2= 1800 in avove equation.
Y= (2.29018×3600) +(1.30099×1800) +83.23009
=8,244.648 + 2,341.782 + 83.23009
= 10,669
Bankone issued $200 million worth of one-year CD liabilities in Brazilian reals at a rate of 6.50 percent. The exchange rate of U.S. dollars for Brazilian reals at the time of the transaction was $0.305/Br 1. (LG 9-5) Is Bankone exposed to an appreciation or depreciation of the U.S. dollar relative to the Brazilian real? What will be the percentage cost to Bankone on this CD if the dollar depreciates relative to the Brazilian real such that the exchange rate of U.S. dollars for Brazilian reals is $0.325/Br 1 at the end of the year? page 308 What will be the percentage cost to Bankone on this CD if the dollar appreciates relative to the Brazilian real such that the exchange rate of U.S. dollars for Brazilian reals is $0.285/Br 1 at the end of the year?
Answer:
A. The depreciation are been issued in reals and the interest as well as the principle are both being paid in reals. Although $ is actually the problem because that is where all the risk lies due to the fact that It will take more dollars to pay back compared to the real
B)
1.Brazilian = $69,225,000
2.Percentage cost -65.4%
C1. Brazilian $60,705,000
2)Percentage cost - 69.6%.
Explanation:
A. The depreciation are been issued in reals and the interest as well as the principle are both being paid in reals. Although $ is actually the problem because that is where all the risk lies due to the fact that It will take more dollars to pay back compared to the real.
B)
1.Brazilian 200M x (1.065) x 0.325
= $69,225,000
2.Percentage cost = ($69,225,000 - $200,000,000) / 200m
=-$130,775,000/$200,000,000
= -65.4%
C
1. Brazilian 200M x (1.065) x 0.285
= $60,705,000
2)Percentage cost = ($60,705,000 - $200,000,000) / $200M
=-$139,295,000/$200,000,000
= -69.6%.
The predetermined overhead rate for Weed-B-Gone is $8, comprised of a variable overhead rate of $5 and a fixed rate of $3. The amount of budgeted overhead costs at normal capacity of $240,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $8. Actual overhead for June was $15,800 variable and $9,100 fixed, and standard hours allowed for the product produced in June was 3,000 hours. The total overhead variance is:
A. $900 U.
B. $900 F.
C. $4,900 F.
D. $4,900 U.
Answer:
The answer is $A. $900 U.
Explanation:
We have the: Total overhead variance = Overhead applied - Actual overhead in which:
+ Overhead applied = Standard hours x Overhead application rate = 3,000 x 8 = $24,000;
+ Actual overhead = Variable overhead + fixed overhead = 15,800 + 9,100 = $24,900
=> Total overhead variance = Overhead applied - Actual overhead = 24,000 - 24,900 = 900 Unfavorable as the actual overhead is bigger than the overhead applied ( planned cost is lower than actual cost incurred).
So, the answer is A.
Partially completed budget performance reports for Garland Company, a manufacturer of light duty motors, follow: Garland Company Budget Performance Report—Vice President, Production For the Month Ended November 30 Plant Actual Budget Over Budget Under Budget Eastern Region $2,409,400 $2,420,000 $(10,600) Central Region 2,998,400 3,000,000 (1,600) Western Region (g) (h) $(i) $(j) $(k) $(l) $(12,200) Garland Company Budget Performance Report—Manager, Western Region Plant For the Month Ended November 30 Department Actual Budget Over Budget Under Budget Chip Fabrication $(a) $(b) $(c) Electronic Assembly 703,200 700,000 3,200 Final Assembly 516,600 525,000 $(8,400) $(d) $(e) $(f) $(8,400) Garland Company Budget Performance Report—Supervisor, Chip Fabrication For the Month Ended November 30 Cost Actual Budget Over Budget Under Budget Factory wages $95,500 $82,000 $13,500 Materials 115,300 120,000 $(4,700) Power and light 49,950 45,000 4,950 Maintenance 37,200 28,000 9,200 $297,950 $275,000 $27,650 $(4,700) a. Complete the budget performance reports by determining the correct amounts for the lettered spaces (a-l) as marked above. a. $ g. $ b. $ h. $ c. $ i. $ d. $ j. $ e. $ k. $ f. $ l. $ b. The budget for the Chip Fabrication Department indicates that the budget overrun was caused by a combination of budget in factory wages, power and light, and maintenance that exceeded a budget in materials.
Answer:
A. $297,950
B. $275,000
C. $22,950
D. $1,517,750
E. $1,500,000
F.$26,150
G. $1,517,750
H. $1,500,000
I. $17,750
J. $6,925,550
K. $6,920,000
L. $17,750
Explanation:
The completed budget of Garland has been well scripted and attached for your review.
This is a partial adjusted trial balance of Wildhorse Co.. WILDHORSE CO. Adjusted Trial Balance January 31, 2022 Debit Credit Supplies $780 Prepaid Insurance 1,620 Salaries and Wages Payable $1,040 Unearned Service Revenue 710 Supplies Expense 910 Insurance Expense 540 Salaries and Wages Expense 1,770 Service Revenue 4,350 Prepare the closing entries at January 31, 2022.
Answer:
The entries are made as follows;
Explanation:
Service Revenue Dr.$4,350
Income Summary Cr.$4,350
(To close revenue account)
Income Summary
Supplies expense Dr.$910
Insurance Expense Dr.$540
Salaries and Wages Expense Dr.$1,770
Income Summary Cr.$3,220
(To close expenses)
Income Summary (4,350-3,220) Dr.$1,130
Retained Earnings Cr.$1,130
Closing journal entries are made to temporary accounts like revenue and expense accounts. For Wildhorse Co., debit Service Revenue and credit Income Summary for the amount of revenue. Debit the total of all expenses to Income Summary and credit each individual expense. Lastly, debit Income Summary for the balance of net income and credit Retained Earnings.
Explanation:In closing the books for Wildhorse Co. on January 31, 2022, you group accounts into two categories: revenues and expenses. First, close revenues to Income Summary. The entry is a debit to Service Revenue for $4,350 and a credit to Income Summary for $4,350. Second, close the expense accounts. Debit Income Summary for the summed value of Supplies Expense ($910), Insurance Expense ($540), and Salaries and Wages Expense ($1,770), which totals $3,220, and then credit each expense individually. The balance in the Income Summary (representing net income) is $1,130 which is the difference between Service Revenue ($4,350) and total expenses ($3,220). Finally, close Income Summary and Retained Earnings. Debit Income Summary for $1,130 and credit Retained Earnings for $1,130.
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