Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Sales Mix Unit Contribution Margin
Lawnmowers 20 % $32
Weed-trimmers 50 % $24
Chainsaws 30 % $45
Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Break-even point (units)= 4,944,500/ ( 0.20*32 + 0.5*24 + 0.30*45)
Break-even point (units)= 155,000 units
Each product:
Lawnmowers= 0.20*155,000= 31,000
Weed-trimmers= 0.50*155,000= 77,500
Chainsaws= 0.30*155,000= 46,500
Ecker Company reports $1,850,000 of net income and declares $259,000 of cash dividends on its preferred stock for the year. At year-end, the company had 370,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders?
Answer:
$1,591,000
Explanation:
The computation of the net income is available to common stockholders is shown below:
= Net income reported by Ecker Company - cash dividend declared on its preferred stock
= $1,850,000 - $259,000
= $1,591,000
Simply we deduct the preference dividend from the net income reported by the company so that the remaining balance is available to common stockholders
All other information which is given is not relevant. Hence, ignored it
Merchandise that arrives in the delivery truck ready to be sold is consideredA. quick-response packaged.B. ahead of the curve.C. lead time synchronized.D. floor-ready.E. synthesized.
Answer:
Letter D is correct. Floor-ready
Explanation:
Floor-ready refers to all merchandise that is ready to be marketed. This means that the merchandise already has the information and essential requirements to reach the store, such as labeling, weight, category, color and price.
These prerequisites are essential in order for goods to be more secure on the road, to prevent theft and fraud, and to help optimize working time and service level.
Merchandise that arrives in the delivery truck ready to be sold is considered floor-ready. This term reflects efficient supply chain management, ensuring products can immediately be placed on the sales floor.
The term used for merchandise that arrives in the delivery truck ready to be sold is floor-ready. This concept is significant in the retail and distribution sectors as it ensures products can immediately be placed on the sales floor without needing additional preparation or handling. Being floor-ready not only simplifies the process from delivery to sales but also reduces the lead time and operational burdens on store personnel. It is a reflection of efficient supply chain and inventory management practices, often leveraging just-in-time delivery systems to minimize storage needs and ensure products are available to meet customer demand promptly.
In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 percent per year, and the nominal interest rate is 9 percent. What is
a. the growth rate of nominal GDP?
b. the inflation rate?
c. the real interest rate?
Answer:
(a) 8%
(b) 5%
(c) 4%
Explanation:
According to the classical quantity theory of money,
Money supply × Velocity = Price Level × Real GDP
Money supply denoted by M
Velocity is denoted by V
Price level is denoted by P
Real GDP is denoted by Y
Therefore,
Change in M + Change in V = Change in P + Change in Y
Since, we know that V is constant, so V = 0
∴ Change in M = Change in P + Change in Y
(a) Nominal GDP = Price × Real GDP
Change in P + Change in Y = Change in Nominal GDP = Change in M
Change in M = 8%, it is given in the question.
Therefore, Change in Nominal GDP = 8%
(b) Change in M = Change in P + Change in Y
8% = Change in P + 3%
Change in P = 8% - 3%
= 5%
We know that change in price level is the inflation rate. Hence, the inflation rate is equal to the 5%.
(c) Real interest rate is the difference between the nominal interest rate and the inflation rate.
Real interest rate = Nominal interest rate - Inflation rate
= 9% - 5%
= 4%
a. The growth rate of nominal GDP is 11%.
b. The inflation rate is 8%.
c. The real interest rate is 1%.
To analyze the economic conditions in Wiknam, we can use key concepts from the Quantity Theory of Money and the Fisher Equation.
a. Growth Rate of Nominal GDP
The Quantity Theory of Money states that [tex]\( MV = PY \)[/tex], where:
- [tex]\( M \)[/tex] is the money supply,
- [tex]\( V \)[/tex] is the velocity of money,
- [tex]\( P \)[/tex] is the price level,
- [tex]\( Y \)[/tex] is the real GDP.
Given that the velocity of money (V) is constant, the growth rate of nominal GDP (which is [tex]\( PY \))[/tex] is determined by the growth rates of the money supply (M) and real GDP (Y).
[tex]\[ \text{Growth rate of nominal GDP} = \text{Growth rate of money supply} + \text{Growth rate of real GDP} \][/tex]
[tex]\[ = 8\% + 3\% = 11\% \][/tex]
b. Inflation Rate
Inflation rate can be derived from the growth rate of nominal GDP and the growth rate of real GDP.
[tex]\[ \text{Inflation rate} = \text{Growth rate of nominal GDP} - \text{Growth rate of real GDP} \][/tex]
[tex]\[ = 11\% - 3\% = 8\% \][/tex]
c. Real Interest Rate
Using the Fisher Equation, which relates the nominal interest rate, real interest rate, and inflation rate:
[tex]\[ r = i - \pi \][/tex]
Where:
- [tex]\( r \)[/tex] is the real interest rate,
- [tex]\( i \)[/tex] is the nominal interest rate,
- [tex]\( \pi \)[/tex] is the inflation rate.
Given:
- Nominal interest rate [tex]\( i \)[/tex] = 9%
- Inflation rate [tex]\( \pi \)[/tex] = 8%
[tex]\[ r = 9\% - 8\% = 1\% \][/tex]
For its three investment centers, Vaughn Company accumulates the following data: I II III Sales $1,941,000 $4,018,000 $3,956,000 Controllable margin 884,340 2,065,180 4,850,800 Average operating assets 4,913,000 7,943,000 12,127,000 Compute the return on investment (ROI) for each center.
Answer:
Compute the return on investment (ROI) for each center.I - 18%
II - 26%
III - 40%
Explanation:
The ROI (Return on Investment), it's a financial ratio that measure the benefit that an investor will receive in relation to their investment cost.
Div. I
$884,340 Controllable margin
$4,913,000 Average operating assets
18%
Div. II
$2,065,180 Controllable margin
$7,943,000 Average operating assets
26%
Div. III
$4,850,800 Controllable margin
$12,127,000 Average operating assets
40%
a. How much would Sauer Food Company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 10 percent rate? Compare this to the 12 percent three-year loan.
Answer:
You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.
Explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
If the rental information provided by the broker or sales associate, for a fee, to a prospective tenant is not current or accurate in any material respect, the full fee shall be repaid to the prospective tenant upon demand. A demand from the prospective tenant for the return of the fee, or any part thereof, shall be made within_____ days following the day on which the real estate broker or sales associate had contracted to perform services to the prospective tenant.
Answer: The correct answer is "Thirty".
Explanation: If the rental information provided by the broker or sales associate, for a fee, to a prospective tenant is not current or accurate in any material respect, the full fee shall be repaid to the prospective tenant upon demand. A demand from the prospective tenant for the return of the fee, or any part thereof, shall be made within thirty days following the day on which the real estate broker or sales associate had contracted to perform services to the prospective tenant.
XYZ Company earned operating income of $1,500,000 before income taxes. Capital employed equaled $10,000,000, of which $1,000,000 of mortgage bonds paying 8 percent interest, $3,000,000 unsecured bonds paying 9 percent interest, and $6,000,000 common stock with 10 percent risk premium. The rate on long-term treasury bond is 5 percent. The marginal tax rate is 40%. Calculate the economic value added. Is the company creating or destroying wealth?
Answer:
The answer is creating wealth, with the economic value added is $390,000
Explanation:
The company WACC is: Percentage of mortgage bond in capital employed x Cost of mortgage bond x ( 1 - tax rate) + Percentage of unsecured bond in capital employed x Cost of unsecured bond x ( 1 - tax rate) + Percentage of common stock in capital employed x cost of common stock
In which: Percentage of mortgage bond in capital employed = 1,000,000/10,000,000 = 10%
Percentage of unsecured bond in capital employed = 3,000,000/10,000,000 = 30%;
Percentage of common stock in capital employed = (10,000,000 - 1,000,000 - 3,000,000) /10,000,000 = 60%
Cost of common stock = Risk free rate + Risk premium = 10% + 5% = 15%;
Tax rate = 40%
Thus, WACC = 10% x 8% x ( 1- 40%) + 30% x 9% x (1-40%) + 60% x 15% = 11.10%.
Thus, Capital cost per year: Capital employed x WACC = 10,000,000 x 11.10% = $1,110,000.
Economic value added = Operating Income - Capital cost = 1,500,000 - 1,110,000 = $390,000.
Westford Corporation has $185 million dollars of interest-bearing debt outstanding at the end of fiscal 2014 year. In addition, the company incurred $26 million dollars of interest expense in 2014.
If the company has a marginal tax rate of 35% calculate Westford's cost of debt capital.
A) 14.1%
B) 9.1%
C) 9.8%
D) 11.1%
Answer:
B) 9.1%
Explanation:
Cost of debt is the interest rate paid by a company due to borrowing money; i.e debt from investors.
$185million in debt is the face value of debt that Westford Corporation had and the $26 million dollars of interest expense is the cost of the debt in dollars;
First, find pretax cost of debt ;
Pretax cost of debt = (Interest expense / Face value of debt )*100
= (26,000,000/ 185,000,000 )*100
=0.1405 *100
= 14.05%
Next, use pretax cost of debt to find after-tax cost of debt;
After-tax cost of debt = Pretax cost of debt (1-tax)
= 14.05% *(1-0.35)
= 9.13%
Therefore, Westford's cost of debt capital is 9.1%
You work in the customer care division at Flannery Electronics. Mr. Gallegos, a longtime customer, is experiencing a problem with his home theater system and has submitted a letter requesting that Flannery Electronics either fix or replace his system at no cost. Unfortunately, Mr. Gallegos’s customer service and factory warranties expired three months ago. You must write to Mr. Gallegos and inform him that Flannery will be unable to honor his request. Should the tone for this message be formal or informal? Formal Informal
Answer:
Formal
Explanation:
The tone of the message should be forma because, first of a it was addressed to the company(Flannery Electronics) making it official.
In the capacity of a representative of Flannery Electronics the letter should be addressed formally
A formal letter is one written in a formal and specific language and follows a certain format. Letters like these are written for official purposes and are addressed to authorities, dignitaries, colleagues, seniors, etc and not to personal contacts, friends or family.
Consider the following case of Green Rabbit Transportation Inc.: Suppose Green Rabbit Transportation Inc. is considering a project that will require $350,000 in assets. The project is expected to produce earnings before interest and taxes (EBIT) of $50,000. Common equity outstanding will be 30,000 shares The company incurs a tax rate of 40%. If the project is financed using 100% equity capital, then Green Rabbit Transportation Inc.'s return on equity (ROE) on the project will be _______ . In addition, Green Rabbit's earnings per share (EPS) will be ________ . Alternatively, Green Rabbit Transportation Inc.'s CFO is also considering financing the project with 50% debt and 50% equity capital. The interest rate on the company's debt will be 11%. Because the company will finance only 50% of the project with equity, it will have only 15,000 shares outstanding. Green Rabbit Transportation Inc.'s ROE and the company's EPS will be ________ if management decides to finance the project with 50% debt and 50% equity.Typically, the use of financial leverage will make the probability distribution of ROIC ______
When Green Rabbit Transportation Inc. finances the project with 100% equity, the ROE is 8.57% and EPS is $1. If it finances the project using 50% equity and 50% debt, the ROE is 10.54% and EPS is $1.23. Using financial leverage makes the return on invested capital riskier, broadening its probability distribution.
Explanation:
The question is asking about the calculations related to the return on equity (ROE), earnings per share (EPS) and how financial leverage affects return on invested capital (ROIC) for Green Rabbit Transportation Inc.
For the first part, we calculate ROE and EPS when the project is financed using 100% equity capital. The formula for ROE is Net Income/Shareholders Equity. Now, Net Income = EBIT*(1-Tax rate), so our net income is 50,000*(1-0.40) = $30,000, and since we're financing 100% with equity, our shareholders' equity is $350,000. Therefore, our calculated ROE is 30,000/350,000 = 8.57%. EPS is calculated by dividing the net income by the number of shares, so our EPS would be 30,000/30,000 = $1.
For the second part, the project is financed using 50% equity and 50% debt. Our new EBIT would now be EBIT - Interest, where Interest = Debt*Interest Rate = (0.50*350,000)*0.11 = $19,250, so our EBIT now becomes 50,000 - 19,250 = $30,750. Applying the tax rate, our net income is now 30,750*(1-0.40) = $18,450. The equity is now $175,000 (350,000*50%), so our ROE is 18,450/175,000 = 10.54%. New number of shares is 15,000, so our EPS would be 18,450/15,000 = $1.23.
Regarding financial leverage and its effect on ROIC, generally, when financial leverage increases, the risk and potential return of the project increases. This leads to a wider probability distribution of return on the invested capital and could either increase or decrease depending on the particular circumstances.
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Suppose you are buying your first condo for $145,000, and you will make a $15,000 down payment. You have arranged to finance the remainder with a 30-year, monthly payment, amortized mortgage at a 6.5% nominal interest rate, with the first payment due in one month. What will your monthly payments be?
$741.57
$780.60
$821.69
$862.77
$905.91
Answer:
The monthly payment amount would be $821.69
Explanation:
Hi, since you have already paid $15,000 (down payment), the amount of money to be financed is $130,000 ($145,000 - $15,000). Knowing that, we need to solve the following equation for "A".
[tex]PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }[/tex]
Where:
Present Value = money borrowed (in our case, $130,000)
r = effective interest rate (in our case, 6.5%/12= 0.5417% or 0.005417)
n = number of periodic payments (in our case, 30*12=360 monthly payments)
Everything should look like this.
[tex]130,000=\frac{A((1+0.005417)^{360}-1) }{0.005417(1+0.005417)^{360} }[/tex]
[tex]130,000=A(158.2108195)[/tex]
Therefore:
[tex]A=821.69[/tex]
So, the monthly payments would be equal to $821.69.
Best of luck.
The S&P 500 index delivered a return of 20%, -10%, 20%, and 5% over four successive years.
What is the arithmetic average annual return for four years?
A) 10.50%
B) 13.13%
C) 8.75%
D) 9.63%
Answer:
C) 8.75%
Explanation:
Number of periods = 4 years
Given return rates = 20%, -10%, 20%, and 5%
To obtain the arithmetic average annual return, add the return rates given for all periods and divide the sum by the number of periods.
[tex]AAR = \frac{20-10+ 20+ 5}{4} \\AAR=8.75\%[/tex]
Over four years, the S&P 500 index delivered an arithmetic average annual return of 8.75%.
During the current year, Ralph made the following contributions to the University of Oregon (a qualified charitable organization):
Cash $63,000 Stock in Raptor, Inc. (a publicly traded corporation) 94,500
Ralph acquired the stock in Raptor, Inc., as an investment fourteen months ago at a cost of $42,000. Ralph’s AGI for the year is $189,000. What is Ralph’s charitable contribution deduction for the current year?
a. $56,700
b. $63,000
c. $94,500
d. $157,500
e. None of the above
Answer:
c. $94,500
Explanation:
Ralph's potential charitable contribution for year is Cash $63,000 and $Stock in Raptor Inc. $94,500.
But allowable contribution for the year is 50% of AGI which is $189,000*50% = $94,500
So Ralph’s charitable contribution deduction for the current year is $94,500
You just won the lottery and have two choices for how you will collect your money. You can collect $100,000 today or receive $20,000 per year for the next seven years. A financial analyst has told you that you can earn 10% on your investments. Which alternative should you select?
Answer:
Please see attachment
Explanation:
Please see attachment
To follow is information about the units produced and total manufacturing costs for Snow Enterprises for the past six months. Using the high-low method, what will the total monthly manufacturing costs be if the company produces 7,500 units?
Month Number of units produces Total manufacturing costs
January 7800 $8150
February 7500 $8000
March 6600 $7550
April 6800 $7650
May 4500 $6500
June 7000 $7750
A. $3,915
B. $5,790
C. $1,875
D. $3,860
Answer:
$8,000
Explanation:
To compute the total cost, first we have to calculate the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High manufacturing cost - low manufacturing cost) ÷ (High units produced - low units produced)
= ($8,150 - $6,500) ÷ (7,800 units - 4,500 units)
= $1,650 ÷ 3,300 units
= $0.5
Now the fixed cost equal to
= High manufacturing cost - (High units × Variable cost per unit)
= $8,150 - (7,800 units × $0.5)
= $8,150 - $3,900
= $4,250
To produce the 7,500 units, the total manufacturing cost would be
= Fixed cost + number of units produced × Variable cost per unit
= $4,250 + 7,500 units × $0.5
= $4,250 + 3,750
= $8,000
This is the answer and the same is not provided in the given options
Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per hour. Prepare a cost of goods sold budget for Daybook Inc. using the information above. Assume the estimated inventories on January 1, 20Y6, for finished goods and work in process were $28,000 and $16,500, respectively. Also assume the desired inventories on December 31, 20Y6, for finished goods and work in process were $30,000 and $14,300, respectively. Factory overhead was budgeted at $214,600. Round your interim calculations to nearest cent, if required.
Answer:
Direct Materials = $969,000
Direct Labor = $699,400
Factory overhead = $214,600
WIP = $2,200
Finished Goods = ($2,000)
Cost of Goods = $1,883,200
Explanation:
Direct Materials = $969,000
403,500 x 6 square yards = 2,421,000
2,421,000 + (40,400 - 38,900) = 2,422,500
2,422,500 x 0.40 per square yard = $969,000
Direct Labor = $699,400
403,500 personal journals
403,500 * 8 minutes = 3,228,000 minutes
3,228,000/60 minutes = 53,800
53,800 x $13.00 = $699,400
Prepare a cost of goods sold budget for Daybook Inc. using the information above
Direct Materials = $969,000
Direct Labor = $699,400
Factory overhead = $214,600
WIP ($16,500 - $14,300) = $2,200
Finished Goods ($28,000 - $30,000) = ($2,000)
Cost of Goods = $1,883,200
Metal Smelting, Inc., operates a plant¾a "major source"¾that emits hazardous air pollutants for which the Environmental Protection Agency has set maximum levels of emission. The plant does not use any equipment to reduce its emissions. Under the Clean Air Act, this is most likely_________.
Answer:
A violation.
Explanation:
A violation is basically breaking the law or an act of violence. In this case, Metal Smelting Inc operates a plant that exceeds the maximum level which Environment Protection Agency has set.
The following information has been provided for the City of Elizabeth for its fiscal year ended June 30. The information provided relates to financial information reported on the city’s statement of net position and its total governmental funds balance.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.
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.
Stutz, Inc. designs and builds basketball gymnasiums. Each gymnasium is custom-built to individual customers’ specifications. Stutz uses job-order costing to keep track of its costs. In February it worked on three jobs. Data for these jobs are as follows: Job 175 Job 178 Job 179 Balance 2/1 $13,790 $ 0 $ 0 Direct Materials 16,200 8,500 30,500 Direct Labor Cost 23,300 7,600 45,000 Machine Hours 400 hrs. 300 hrs. 2,000 hrs. Overhead is applied to jobs at the rate of $25 per machine hour. By February 28, Job 178 is the only one unfinished. The balance of Finished Goods on February 1 is $94,000 (consisting of Job 177). Jobs 177 and 179 are sold during February. Stutz sells its product at cost plus 40%. Refer to Figure 5-6. What is sales revenue for February?
Answer:
$307,300
Explanation:
Total cost of Job 179:
= Direct material for Job 179 + Direct labor cost for Job 179 + Overhead cost for Job 179
= $30,500 + $45,000 + (2,000 × $25)
= $30,500 + $45,000 + $50,000
= $125,500
Total cost of Job 177 and Job 179:
= Total cost of Job 179 + cost of Job 177
= $125,500 + $94,000
= $219,500
Sales revenue for February:
= Total cost of Job 177 and Job 179 × Markup percentage
= $219,500 + ($219,500 × 40%)
= $219,500 + $87,800
= $307,300
The sales revenue for February is $70,400.
Explanation:To calculate the sales revenue for February, we need to determine the cost of Job 178, the unfinished job. From the given data, we know that Job 178 had direct materials cost of $8,500, direct labor cost of $7,600, and machine hours of 300. The overhead is applied at a rate of $25 per machine hour. Therefore, the overhead cost for Job 178 is $25 x 300 = $7,500.
Adding up the direct materials, direct labor, and overhead costs, the total cost of Job 178 is $8,500 + $7,600 + $7,500 = $23,600.
Since Job 178 is the only unfinished job and the finished goods balance on February 1 is $94,000, the sales revenue for February would be $94,000 - $23,600 = $70,400.
Suppose you deposit $1 comma 4001,400 cash into your checking account. By how much will checking deposits in the banking system increase as a result when the required reserve ratio is 0.110? The change in checking deposits is equal to: $nothing (enter your result rounded to the nearest dollar).
Answer:
Please see attachment
Explanation:
Please see attachment
In previous years, Cox Transport reacquired 2 million treasury shares at $22 per share and, later, 1 million treasury shares at $28 per share. By what amount will Cox’s paid-in capital—share repurchase increase if it now sells 2 million treasury shares at $32 per share and determines cost as the weighted-average cost of treasury shares?
Answer:
24 million shares ; $16 million
Explanation:
The computation of the weightage number of treasury shares are shown below:
Number of shares Price Total
2 $22 $44 million
1 $28 $28 million
Total 3 $72 million
So, the weighted average number of shares would be
= $72 ÷ 3 = 24 million shares
Now the journal entry would be
Cash A/c Dr $64 million (2 million treasury shares × $32)
To Paid in capital - share repurchase A/c $16 million
To Treasury stock $48 million (24 million treasury shares × $2)
(Being the treasury shares are sold)
In the money creation process, the simple money multiplier assumes that banks hold no excess reserves. What is the consequence of a bank holding excess reserves? Choose one:
A. The simple money multiplier becomes smaller as less money is loaned out.
B. The simple money multiplier becomes smaller as fewer deposits are made.
C. The simple money multiplier becomes larger as more deposits are made.
D. The simple money multiplier initially increases but then decreases as loans are paid off.
E. The simple money multiplier becomes larger as more money is loaned out.
Answer:
The correct answer is B
Explanation:
Money creation process is the procedure of a natural feature having a fractional-reserve banking which happen as banks will act as both financial intermediaries and the safe keepers of deposits for making loans.
Under this process, if banks will hold the excess reserve, then this will lead to less circulation of the money in the market, which will result into the less or smaller money multiplier.
Answer:
A. The simple money multiplier becomes smaller as less money is loaned out.
Explanation:
The multiplier becomes smaller because less money is loaned out, not because fewer deposits are made.
Which of the following statements is true about skill-based pay?A. Skill-based pay provides a way to ensure that employees can use their new skills.B. Gathering market data about skill-based pay is easy.C. Skill-based pay ensures that the employer pays the employee for learning skills that benefit the employer.D. Skill-based pay does not necessarily provide an alternative to the bureaucracy and paperwork of traditional pay structures.E. Skill-based pay does not require records related to skills, training, and knowledge acquired.
Skill-based pay provides a way to ensure that employees can use their new skills, while the other statements are false.
Explanation:The correct statement about skill-based pay is A. Skill-based pay provides a way to ensure that employees can use their new skills. Skill-based pay is a compensation system that rewards employees for acquiring and applying new skills that benefit the employer. Simply learning new skills without actually using them would not be rewarded.
The other statements are false. Gathering market data about skill-based pay can be challenging as it requires research and analysis of industry standards and trends. Skill-based pay does not necessarily provide an alternative to bureaucracy and paperwork as setting up and managing a skill-based pay system requires proper documentation and evaluation. Records related to skills, training, and knowledge acquired are essential for implementing and administering skill-based pay.
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Route Canal Shipping Company has the following schedule for aging of accounts receivable:Age of Receivables April 30, 20X1 (1) (2) (3) (4) Month of Sales Age of Account Amounts Percent of Amount Due April 0–30 $ 156,240 _______ March 31–60 78,120 _______ February 61–90 117,180 _______ January 91–120 39,060 _______ Total receivables $ 390,600 100% Calculate the percentage of amount due for each month.
a. The percentage of amount due for April is approximately 34.95%, March is 20%, February is 30%, and January is 15%.
b. The average collection period is approximately 17.49 days.
**a. Calculate the percentage of amount due for each month:**
To calculate the percentage of amount due for each month, divide the amount for each month by the total receivables and multiply by 100:
[tex]\[ \text{Percent of Amount Due} = \left( \frac{\text{Amount for the Month}}{\text{Total Receivables}} \right) \times 100. \][/tex]
For each month:
- April: [tex]\(\left( \frac{159250}{455000} \right) \times 100 \approx 34.95%\)[/tex]
- March: [tex]\(\left( \frac{91000}{455000} \right) \times 100 \approx 20%\)[/tex]
- February: [tex]\(\left( \frac{136500}{455000} \right) \times 100 \approx 30%\)[/tex]
- January: [tex]\(\left( \frac{68250}{455000} \right) \times 100 \approx 15%\)[/tex]
**b. Compute the average collection period:**
The average collection period is calculated by dividing the number of days in the period by the accounts receivable turnover ratio. The turnover ratio is the ratio of credit sales to average accounts receivable. The formula is:
[tex]\[ \text{Average Collection Period} = \frac{\text{Number of Days in Period}}{\text{Accounts Receivable Turnover Ratio}}. \][/tex]
Given credit sales of $1,560,000 over four months, the average accounts receivable is [tex]\( \frac{455000}{2} = 227500 \)[/tex].
The turnover ratio is [tex]\( \frac{1560000}{227500} \approx 6.86 \)[/tex].
Assuming a 120-day period:
[tex]\[ \text{Average Collection Period} = \frac{120}{6.86} \approx 17.49 \text{ days}. \][/tex]
The question probable maybe:
Route Canal Shipping Company has the following schedule for aging of accounts recieving:
_______________________________________________________
Age of Receivables April 30, 20X1
(1) Month of Sales (2)Age of Account (3) Amounts(4)Percent of Amount Due
_________________________________________________________
April 0-30 $159250 _______
March 31-60 $91000 _________
February 61-90 $136500 ________
January 91-120 $68250 ______
Total recievables $455000 100%
__________________________________________________________
a. Calculate the percentage of amount due for each month.
Months of Sales Percent of Amount Due
_______________________________________
April _______
March _________
February ________
January ______
Total receivables 100%
________________________________________
b. If the firm had $1,560,000 in credit sales over the four-month period, compute The average collection period. Average daily sales should be based on a 120-day period.
Average collection period ____ days
Final answer:
To calculate the receipt percentages for each month, divide each month’s receivable amount by the total receivables and multiply by 100. April is 40%, March is 20%, February is 30%, and January is 10%.
Explanation:
To calculate the percentage of amount due for each month, you need to divide the individual month's receivable amount by the total receivables, and then multiply by 100 to get the percentage. Here are the calculations for the Route Canal Shipping Company's schedule:
April: ($156,240 ÷ $390,600) × 100 = 40%
March: ($78,120 ÷ $390,600) × 100 = 20%
February: ($117,180 ÷ $390,600) × 100 = 30%
January: ($39,060 ÷ $390,600) × 100 = 10%
Thus, the percentage of amount due for April is 40%, for March is 20%, for February is 30%, and for January is 10%.
Resistance is most likely to occur when the target.
Multiple Choice:
O experiences a shift in behavior but not attitude.
O considers the request inappropriate or unreasonable.
O has ambiguous feelings about the request itself.
O puts forth a greater level of effort than the influencer requested.
O fails to complete similar tasks previously.
Answer:
Considers the request inappropriate or unreasonable.
Explanation:
Resistance is more likely to occur when the target considers the request inappropriate or unreasonable. Persuasion is not useful in these scenarios and negotiation is usually the best tool to manage these situations.
Assignment Background Ellie Johnson Associates surveys American eating habits. The company's 1) Using the General Journal tab, click Add Transaction to iournalize accounts include Land, Buildings, Office Equipment, and Communi?atión Equipment, with a separate Accumulated Depreciation account for each depreciable asset. Ellie Johnson Associates completed the activities listed then repeat these steps for each transaction in the Transactions section below during 2018 each transaction. Click Post Transaction once you complete the entry, 2) Click the Reports tab and review the results of recording these transactions on the General Ledger. 3) Click Submit Work when complete Transactions: 01/01/2018 Purchased office equipment, $113,000. Paid $80,000 cash and financed the remainder with a note payable 04/01/2018 Acquired land and communication equipment in a lump-sum purchase. Total cost was $310,000, paid in cash. An independent appraisal valued the land at $244,125 and the communication equipment at $81,375 09/01/2018 Sold a building that cost $520,000 (accumulated depreciation of $285,000 through December 31 of the preceding year). Ellie Johnson Associates received $420,000 cash from the sale of the building. Depreciation is computed on a straight-line basis. The building hasa SAVE WORK RESET SUBMIT WoRK REPORTS January 1, 2018-December 31, 2018 BUSINESS COMPANY INFORMATION CHART OF ACCOUNTS GENERAL JOURNAL Accounts Debit Credit No transactions in Journal ADD TRANSACTION EDIT CHECKED TRANSACTION DELETE CHECKED T
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.
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.
decrease in demand for a product, holding other things constant, will decrease the marginal revenue product of labor. O have an undetermined effect upon the marginal revenue product of labor. increase the marginal revenue product of labor. o not change the marginal revenue product of labor.
Answer:
Decrease in demand for a product, holding other things constant, "will decrease the marginal revenue product of labor".
Explanation:
The extra revenue that a firm earns as a result of a newly hired worker is known as the marginal revenue product of labor.
A new worker is hired to increase the quantity of goods produced and consequently, increase the firm's revenue through sales of the goods.
If however, more goods are produced but the demand for the product decreases, then this will cause a decrease in the marginal revenue product of labor.
In other words, the firm won't earn extra revenue if the products are not being bought.
Final answer:
A decrease in demand for a product leads to a decrease in the marginal revenue product of labor, as each additional unit of labor contributes less to revenues when the product is less in demand.
Explanation:
When there is a decrease in demand for a product, this typically leads to a reduction in the quantity of the product being sold at any given price. Consequently, the marginal revenue product (MRP) of labor will also decrease. The MRP of labor is the additional revenue a firm earns from employing one more unit of labor, which is closely tied to the demand for the product that the labor helps to produce. If the product is less in demand, the additional output from extra labor becomes less valuable, hence the MRP of labor falls.
Factors that can influence the demand curve for labor include changes in technology, the level of education and training of workers, the number of companies in the market, and other government policies. A decrease in the number of companies producing a given product will result in a decreased demand for labor, shifting the labor demand curve to the left. This shift signifies that at each wage rate, companies desire to hire fewer workers.
Save refers to the ability of an invention to produce surprising or unexpected results; that is, results not anticipated by prior art. A. novation O B. nonobviousness C. preemption D. utility O E. tarnishment QUESTION 2 10.00000 points Save A When you purchase an item from Globus Corp., they place the item in a paper bag with handles and vertical yellow, blue, and white stripes. Even without seeing the words "Globus Corp." on the bag, many people recognize that the purchase is from Globus. The bag's coloring and design is considered its A. trade dress B. certification mark o c. collective mark D. service mark E. trademark QUESTION3 10.00000 points Save Ans Garry uses Vizikool, an Internet service provider, to access a file sharing website that can help Garry download copyright protected music. Under the Digital Millennium Copyright Act (DMCA), Vizikool can be held liable for Garry's actions, even though the service provider was unintentionally linking Garry to the file sharing website. O True O False
Answer:
The answers are : B, A, False
Explanation:
1. Nonobviousness
2. Trade Dress
3. False.
Company B needs 250,000 person-hours to meet customer needs in 2017. Company B's policy is to hire 1 supervisor (lowest level manager) for every 10 workers, 1 line manager (middle manager) for every 10 supervisors, and 1 senior manager for every 5 line managers, and 1 COO for every 5 senior managers. Assuming each worker works an 8 hour day and 240 days per year, calculate:
The number of workers needed to meet customer expectations
Supervisors (lowest level manager)
Line managers (middle manager)
Senior managers, and
COOs
Company C needs 50,000 person-hours to meet customer needs in 2017. Company C's policy is to hire 1 supervisor (lowest level manager) for every 5 workers, 1 line manager (middle manager) for every 5 supervisors, and 1 senior manager for every 5 line managers, and 1 COO for every 5 senior managers. Assuming each worker works an 8 hour day and 240 days per year, calculate:
The number of workers needed to meet customer expectations
Supervisors (lowest level manager)
Line managers (middle manager)
Senior managers, and
COOs
Now, please combine the number of workers from both Company B and Company C and design the new structure using Company B's structure policy.
Question 1 (1 point)
Company B workers needed -
Question 2 (1 point)
Company B supervisors needed -
Question 3 (1 point)
Company B middle managers needed -
Question 4 (1 point)
Company B senior managers needed -
Question 5 (1 point)
Company B COOs needed -
Question 6 (1 point)
Company C workers needed-
Question 7 (1 point)
Company C supervisors needed -
Question 8 (1 point)
Company C middle managers needed -
Question 9 (1 point)
Company C senior managers needed -
Question 10 (1 point)
Company C COOs needed -
Question 11 (1 point)
Merged company's workers needed -
Question 12 (1 point)
Merged company's supervisors needed -
Question 13 (1 point)
Merged middle managers needed -
Question 14 (1 point)
Merged company's senior managers needed -
Question 15 (1 point)
Merged company's COOs needed
Answer:
- For company B: Workers: 131; Supervisor: 14; Line Manager: 2; Senior Manager: 1; COO: 1
- For company C: Workers: 26; Supervisor: 6; Line Manager: 2; Senior Manager: 1; COO: 1
- For combined Company: Workers: 157; Supervisor: 16; Line Manager: 2; Senior Manager: 1; COO: 1
Explanation:
- For company B:
+ Number of workers needed = Number of person-hours needed/ total number of working hour in a year = 250,000/ (240 x 8) = 131 workers.
=> Number of supervisor needed = 14; Number of Line manager needed = 2; Number of Senior needed = 1; Number of COO needed = 1 ( that is 1 upper management level for every 10 lower level).
- For Company C:
+ Number of workers needed = Number of person-hours needed/ total number of working hour in a year = 50,000/ (240 x 8) = 26 workers.
=> Number of supervisor needed: 6; Number of Line manager needed = 1; Number of Senior needed = 1; Number of COO needed = 1 ( that is 1 upper management level for every 5 lower level).
- For the combined firm:
+ Total number of workers: 131+ 26 = 157 workers
=> Number of supervisor needed = 16; Number of Line manager needed = 2; Number of Senior needed = 1; Number of COO needed = 1 ( that is 1 upper management level for every 10 lower level).
The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 19 percent a year for the next 4 years and then decreasing the growth rate to 3 percent per year. The company just paid its annual dividend in the amount of $3.30 per share. What is the current value of one share of this stock if the required rate of return is 8.80 percent?
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
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.