Yardstick report on supplemental green house lighting

Answer:

More elastic

Explanation:

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

The senior citizens have an elastic demand because when price was reduced, the profits earned by the theatre increased. This means the Quanitity demanded of movie tickets increased.

If demand were inelastic and prices were reduced, profits would fall.

I hope my answer helps you

Answer:

Earnings per share is $3.21

Explanation:

The calculation of weighted average number of shares to be used in EPS  computation is provided thus:

Initial shares     670,000*1.04*12/12                696,800.00  

share issued in February 51,000*1.04*10/12    44,200.00  

shares repurchased 4000*6/12                        (2,000.00)

Weighted average number of shares                739,000.00  

earnings attributable to common stock=net income-preferred shares dividends

net income is $2,450,000

preferred shares dividends is $76,000

earnings attributable to common stock=$2,450,000-$76,000

                                                                =$2,374,000.00

Earnings per share =earnings attributable to common stock/Weighted average number of shares    

Earnings per share=$2,374,000.00/739,000.00  

                                 =$3.21

Dow's earnings per share (EPS) for the year ended December 31, 2021 is $3.44. This was determined by first calculating the weighted average number of shares outstanding throughout the year (including new issues and those retired), adjusting for the stock dividend, and then dividing the company's net income (minus dividends paid to preferred shareholders) by this adjusted count.

To calculate Dow's earnings per share (EPS), we first need to compute the weighted average number of shares outstanding for the year. Starting with 670,000 shares, Dow issued 51,000 new shares on February 28th which are thus in circulation for about 10 months (or 10/12 of the year), and retired 4,000 shares on July 1st that are out for about 6 months (or 6/12 of the year).

The weighted average number of outstanding shares is therefore: 670,000+(51,000*10/12)-(4,000*6/12)=717,500.

Now, we also need to account for the 4% common stock dividend issued on May 15. Because a stock dividend does not change the overall value of the company, the number of actual shares increases but the EPS is calculated as if no such dividend was issued.

Thus, our adjusted weighted number of average shares is: 717,500/1.04=689,904.

The net income of the company was $2,450,000, but we need to subtract the dividends paid to the preferred shareholders: $2,450,000 - $76,000 = $2,374,000.

Finally, we can calculate the EPS: $2,374,000 / 689,904 = $3.44 (rounded to two decimals).

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Final answer:

The amount of pension expense for 2021 is $795,500.

Explanation:

The amount of pension expense for 2021 can be calculated using the following formula:

Pension Expense = Service Cost + Interest Cost - Actual Return on Plan Assets + Amortization of Prior Service Cost

Given the information provided, the service cost component of pension expense for 2021 is $523,000 and the amortization of prior service cost is $113,000. The interest cost can be calculated by multiplying the projected benefit obligation at the beginning of the year by the settlement rate. The actual return on plan assets can be calculated by multiplying the pension assets at the beginning of the year by the expected rate of return.

Let's calculate each component:  

Interest Cost = 1,450,000 * 0.11 = $159,500

Actual Return on Plan Assets = 0 * 0.07 = $0

Substituting the values into the formula:

Pension Expense = $523,000 + $159,500 - $0 + $113,000 = $795,500

Answer:

c. $146,400 and 206,560.

Explanation:

Monthly Purchases are as follows;

April =$156,800

May= $195,200

June= $217,600

Since Admin expenses are paid every month,

April =$28,800

May = $28,800

June =$28,800

75% of April purchases will be paid in April . Use these to calculate the payments;

Pmts

April = 75%* $156,800 = $117,600

add Admin expenses to find total cash payments;

APRIL = $117,600+ $28,800 = $146,400

In May,20% of April purchases will be paid ,  75% of  May purchases will also be paid plus admin expenses. Use these to calculate the payments;

May= (20%* $156,800) + (75% * $195,200) + $28,800

MAY = 31360 +146400 +28800 = $206,560

Answer:

Inventory should be increased (debited) by $3,500.

Explanation:

According to the IAS 2, the inventory value should be lower of historical cost or net realizable value

The historical cost is $12,000

And, the net realizable value is

= $9,000 - $500

= $8,500

Since as we can see the lower value is $8,500 but due to increase in  realizable value, the historical cost would remain the same i.e $12,000

So the inventory should be increased or debited by $3,500 i.e

= $12,000 - $8,500

= $3,500

Answer:

the company's cost of goods sold is $120,000

Explanation:

Note : all units produced are sold (10,000)

Therefore Cost of goods sold is equal to Cost of Goods Manufactured

Calculation of Cost of Goods Manufactured

Raw materials used                                   20,000

Direct labor wages                                    60,000

Depreciation on production equipment    4,000

Rent on manufacturing facilities               30,000

Packaging and shipping supplies              6,000

Total                                                          120,000

Answer: $114,000

Explanation:

To calculate the Cost of Goods sold we would first needs to know Product Costing in Manufacturing firms.

The formula for which is,

Product Costing = (Materials cost + Labor costs + Overhead costs) ÷ Number of units produced

It is important to calculate this because when multiplied by the number of units SOLD, you get Cost of goods sold.

Calculating therefore would be,

Product Costing = 20,000 + 60,000 + (4,000 + 30,000) depreciation and rent on manufacturing facilities ÷ 10,000 units produced

= $11.40 per unit

Now we can calculate the Cost of goods sold by,

Cost of goods sold = Number of units sold × Product Costing in Manufacturing Companies

Cost of goods sold = 10,000 units sold × 11.40

= $114,000

The company's cost of goods sold is $114,000.

Answer:

Year 1 Year 2 Year 3 Year 4 Year 5 Net income $ 9,500 $ 23,500 $ 64,000 $ 35,500 $ 94,000

Explanation:

look p1 a machine

Answer:

25 containers

Explanation:

The computation of the number of kanban containers required is shown below:

= (Lead time demand + Safety stock) ÷ Container size

where,

Lead time demand is

= 2,000 units × 4 days

= 8,000 units

Container size = 400 units

Safety Stock is

= 1 day × 2,000 units

= 2,000 units

So, the number of kanban containers required is

= (8,000 units + 2,000 units) ÷ (400 units)

= 25 containers

We simply applied the above formula

To find the profit-maximizing quantity for Doggies Paradise Inc., we calculate and graph total revenue, total cost, marginal revenue, and marginal cost, then identify the output level where marginal revenue equals marginal cost.

The question addresses the concept of profit maximization in the context of a perfectly competitive firm, Doggies Paradise Inc., in the field of business economics. To determine the profit-maximizing quantity, we need to analyze the total revenue, total cost, and marginal costs associated with different levels of output. To achieve this, we create a table with columns for output level, total revenue, marginal revenue, total cost, and marginal cost, and then plot these relationships on a graph to visually identify the point where marginal cost equals marginal revenue, which indicates the profit-maximizing level of output.

Using the provided information, we can calculate that for each unit sold at $72, the marginal revenue will be $72 as well since the price remains the same for each additional unit sold in perfect competition. Total revenue is simply the price multiplied by the quantity sold. The marginal cost for each unit is the difference in total variable cost for each additional unit produced. The total cost at each level of output is calculated by adding the fixed costs to the total variable costs. Once calculated, we can then sketch the total revenue and total cost curves, as well as the marginal revenue and marginal cost curves, to visually analyze the profit-maximizing quantity.

Answer:

Explanation:

check the attached files

Answer:

The correct answer is $1,149.32.

Explanation:

According to the scenario, the computation of the given data are as follows:

Face value FV = $1,000

Coupon rate = 7.7%

So, Payment = 7.7% × $1,000 = $77

YTM (rate ) = 5.7%

Time period = 10 years

So, we can calculate the present value by using financial calculator:

The attachment is attached.

So, PV  = $1,149.32

Answer:

$6,240,000

Explanation:

Stockholders Equity Includes the Add-in-capital par value, Add-in-capital excess value of Common and Preferred, Net income accumulated value and dividends.

Stockholders' equity

Common Stock and Paid-in-capital common      $4,000,000

Retained Earning                                                   $3,000,000

Treasury Stock                                                     ($600,000)

Paid-in capital—share repurchase                       $20,000  

Total stockholders' equity                                    $6,420,000

Treasury stock is the repurchased stock, which is a contra equity account. It need to be deducted from the equity

Final answer:

Shareholders' equity for Warner Corporation as of December 31, 2021, was calculated by adding common stock and other paid-in capital accounts to retained earnings and then subtracting treasury stock and cash dividends payable, resulting in total equity of $6,380,000.

Explanation:

To calculate the shareholders' equity of Warner Corporation as of December 31, 2021, we need to sum up the common stock, additional paid-in capital, and retained earnings, and then subtract any treasury stock and dividends payable. Cash dividends payable and treasury stock are subtracted because they represent obligations of the company and are not part of equity. Paid-in capital related to share repurchases would typically already be included in the treasury stock figure and would also not be part of equity.

Here is the calculation:

Shareholders' Equity = (Common stock and other paid-in capital accounts) + (Retained earnings) - (Treasury stock) - (Cash dividends payable).

Shareholders' Equity = $4,000,000 + $3,000,000 - $600,000 - $20,000 = $6,380,000.

Thus, the shareholders' equity for Warner Corporation as of December 31, 2021, was $6,380,000.

Answer:

The answer is C.

Explanation:

Variable cost is a relevant cost. Variable cost varies with the output i.e the total number of units produced. For example in a perfect competitive market, for a firm to be able to operate its revenue/profit must cover variable costs. Also, its revenue is dependent on the number of units produced which is directly proportional to variable cost.

Fixed cost is fixed and it is not a relevant cost in making decision. It is a sunk cost. Whether a business produces or not, fixed cost will be incurred.

Answer:

$8.93

Explanation:

The payment made to the stockholders is known as dividend.

Price of the stock can be determined by calculating the present value of all future expected dividends using cost of capital.

In this question $1.25 per share dividend is paid and rate of return / cost of capital is 14%, so price of stock will be calculated as follow.

Price of the share = Dividend / Cost of Capital = $8.93

Price of the share = $1.25 / 14% = $8.93

Answer:

Explanation:

Issued 20,000 shares of $8 par common stock for $26 a share; brings total shares outstanding to 50,000 shares

Bank A/c………Dr. 520000

To Share Capital A/c. 160000

To Paid in excess of par 360000

Issued 6,000 shares of $100 par, 6%, cumulative preferred stock for $150 per share

Bank A/c………Dr. 900000

To Preferred Stock A/c. 600000

To Paid in excess of par. 300000

When the market value of the common stock reached $15 a share, company A declared a 3-for-1 stock split reducing the par value to $188 per share.

Share Capital (par value at 8) 400000

To Share Capital (par value at 2.67)

400000

Answer and Explanation:

The journal entries are shown below:

1. Equipment($45,000 + $2,200 + $700 + $1,000) $48,900  

                 To Accounts payable  $47,200    ($45,000 + $2,200)

                 To Cash  $1,700

(Being the equipment is purchased on cash and credit)

Since the equipment is purchased so it would be debited and the other two accounts i.e account payable and the cash is credited

2.Prepaid insurance $900  

              To Cash  $900

(Being the payment is recorded)

Since there is a prepaid insurance and the same is increased in assets so it would be debited and the cash is paid so it would be credited

Answer and Explanation:

The preparation of the stockholder equity section of the balance sheet is presented below:

                                                Stockholders' equity  

Paid in capital  

Capital stock  

5% preferred stock, $100 par value, noncumulative, 9,000 shares are issued and outstanding $900,000

Common stock, no par, $2 stated value, $2,400,000

Total capital stock  $3,300,000 (A)

Additional paid in capital  

Paid-in Capital in Excess of Par Value $67,500

Paid-in Capital in Excess of Stated Value - Common Stock  $1,575,000

Total additional paid in capital  $1,642,500 (B)

Total paid in capital  $4,942,500 (A + B)

Add: Retained earnings  $ 2,001,000

Total paid in capital and retained earnings  $6,943,000

Less: Treasury stock (18,000 common shares)  $(108,000)

Total stockholders' equity  $6,835,500

                                               Stockholders' equity  

Paid in capital  

Capital stock  

5% preferred stock, $100 par value, noncumulative, 9,000 shares are issued and outstanding $900,000

Common stock, no par, $2 stated value, $2,400,000

Total capital stock  $3,300,000 (A)

Additional paid-in capital  

Paid-in Capital - in Excess of Par Value $67,500

Paid-in Capital in Excess of Stated Value - Common Stock  $1,575,000

Total additional paid in capital  $1,642,500 (B)

Total paid in capital  $4,942,500 (A + B)

Add: Retained earnings  $ 2,001,000

Total paid in capital & retained earnings  $6,943,000

Less: Treasury stock (18,000 common shares)  $(108,000)

Total stockholders' equity  $6,835,500

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Answer:

The wages and salaries in the planning budget for August would be closest to: $46,824

Explanation:

The planning Budget is Based on the Actual level of Activity for this question,This is known as flexing the budget.

Calculation of Planning budget for August based on 116 births

Wages and Salaries = $2,280 + $348×116 births

                                 = $46,824

Answer:

$2475000

Explanation:

The computation of the cost of goods sold for the June month is shown below:

As it is given that total sales of June is $2,970,000

And, the marked up is cost plus 20%

So based on the above information, the cost of goods sold is

= $2,970,000 × 100 ÷ 120

= $2,475,000

Therefore, all the other information which is given is not relevant. Hence, ignored it

The cost of goods sold for the month of June can be calculated by finding 70% of the projected cost of goods sold. The projected cost of goods sold for June is $2079000, so 70% of that is $1455300.

The cost of goods sold for the month of June can be calculated by finding 70% of the projected cost of goods sold. The projected cost of goods sold for June is $2079000, so 70% of that is $2079000 x 0.7 = $1455300. This is the cost of goods sold for the month of June.

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Final answer:

Kate Holmes Co.'s taxable income for 2020 is $250,000, the same as the reported pretax financial income, since the future taxable or deductible amounts from installment sales, depreciation, and unearned rent do not affect the current year's taxable income. The income tax expense for the year is calculated at a tax rate of 45%, which equates to $112,500.

Explanation:

To compute taxable income for Kate Holmes Co. for the year 2020, we need to consider the pretax financial income and apply the current tax rate as well as account for any temporary differences that will affect future tax liabilities. The pretax financial income reported by the company is $250,000. The enacted tax rate for 2020 is 45%.

However, there are temporary differences to consider, which consist of future taxable or deductible amounts arising from installment sales, depreciation, and unearned rent. For calculating the current year's taxable income, we look at the temporary differences that will reverse in the current year:

Therefore, the taxable income for Kate Holmes Co. in 2020 is the reported pretax financial income of $250,000, since none of the temporary differences listed will reduce or increase the taxable income for 2020.

The income tax expense at the enacted tax rate of 45% on the taxable income of $250,000 would be:

Income Tax Expense = Taxable income × Tax rate

Income Tax Expense = $250,000 × 0.45

Income Tax Expense = $112,500

This expense would be reported on the company's income statement for 2020.

Answer:

Ben would pay more in taxes.

Explanation:

A progressive income tax increases the tax rate as the taxpayer earns more money.

In this case, Ben would be taxed as earnings $60,000 which is probably a much higher tax rate than the applicable one for $30,000. If we use the current tax brackets for 2020, Ben would fall under the 22% tax bracket while both Cathy and Dylan would fall under the 12% tax bracket. Obviously Ben would pay much more in taxes.

Answer:

Expert will be equal to $2500

Explanation:

We have given consumption = $3000

GDP is given $5500

Government purchase = $1000

Import = $2000

There is an investment of $1000

We have to find the export

We know that GDP is given by

GDP = consumption + investment + government purchase + export- import

5500 = 3000+1000+1000+export - 1000

Export = $2500

So expert will be equal to $2500

Answer:

a. The preparation of schedule that shows the differential costs is shown below:-

b. Decision : Make

Explanation:

Particulars Make the  Buy from                      Differential      

                      Wheels          trailblazers           cost            

Offer of

trailblazer                            $220,000       $220,000    Higher

                                           (2,000 × $110)

Material cost  $50,000                               $50,000   Lower

                      ($25 × 2,000)

Labor cost      $106,000                              $106,000   Lower

                     ($53 × 2,000)

Variable

overhead     $32,000                                  $32,000     Lower

                    ($16 × 2,000)

Fixed

overhead    $94,000          $54,000           $40,000      Lower

                  ($47 × 2,000)  ($94,000 - $40,000)

Total cost   $282,000     $274,000             ($8,000)     Lower

Working Note:-

1) Fixed overhead applied = $47 × 2,000 = $94000

Decision : Make

Total saving from accepting the accepting the offer of trailblazer = $8,000

Cost saving required to accept the offer of trailblazer = $10,000

Decision - Make (Since actual savings are less than savings required by $2,000)

Geographic markets for products are limited to a greater or lesser extent by the cost of transporting the product and legal barriers, such as those imposed by entry regulation that may prohibit trade among jurisdictions. Transportation costs of shipment between two areas may create a differential in prices in the two areas.

Explanation

The health costs in these organisations are also too high which can only be borne by the elite class, thereby giving them a position of monopoly power in the healthcare market.One must define first the market for the product of interest and second, the geographic market in which trade in the product occurs.

For both product and geographic market definitions, two types of substitutability are relevant:

 Demand substitutability

   Supply substitutability

Demand substitutability depends upon the extent to which consumers of the good or service are able to switch to substitutes for that good or service in response to a price increase.

In contrast, supply substitutability depends upon the extent to which existing providers could expand output, and/or firms not currently producing the good or service could enter the market for that good or service. In specific applications, the product market is defined first.

Then, given a definition of product, the geographic area over which commerce in the product takes place is examined.

When the cost of transportation is high relative to cost of production, geographic markets tend to be small; the converse holds true when relative transportation cost is low.

Choosing which percent rule to apply depends on the comparative risks of under- or overstating the size of the market.

Barriers for new competitors are:

 Price: A successful company with a large market share may be able to charge prices substantially higher than what customers would be willing to pay if they had more options. If a competitor tries to enter the market, the established company can often afford to lower its own prices below what the competitor can match.

Contractual: Some barriers to entry may be illegal and may violate antitrust regulation. A new competitor entering the same market could find it difficult or impossible to get its products into any stores and negotiation with existing distributors for prices.

   Location: Companies with the ability to operate in any part of the world can create a barrier to competition by locating manufacturing facilities in places with much lower labor costs or regulatory requirements.

   Regulatory: Regulations are intended to serve the public good by promoting better safety and environmental standards or promoting competition.

The geographic market of large healthcare organizations refers to their operational regions, while the product market includes the range of healthcare services they offer. Barriers to entry for new competitors include high start-up costs, regulatory requirements, and established reputations.

The geographic market of large healthcare organizations like the Mayo Clinic, Cleveland Clinic, Kaiser Permanente, and Johns Hopkins can be defined as the region or area in which these organizations operate and provide healthcare services. These organizations usually have a national or even international presence, serving patients from different parts of the country or even around the world.

The product market of these healthcare organizations refers to the range of healthcare services and products they offer. This can include medical treatments, surgeries, diagnostic services, preventive care, specialized clinics, and research initiatives.

Barriers that keep new competitors from entering these markets include:

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The employer's payroll tax expense on January 15th would include the monthly allocation of the annual FICA-Social Security Tax, the single month's FICA-Medicare Tax, and the single month's FUTA and SUTA taxes.

The employee's annual salary at Lopez Company is $192,000, which means the monthly salary is $192,000/12 = $16,000. Given that Social Security tax applies to the first $118,500 of an employee's annual earnings, the Social Security tax for this employee would be $118,500 * 6.2% = $7,347 for the year, or $612.25 per month. The Medicare tax rate is applied to all earnings, so it is $16,000 * 1.45% = $232 per month. In terms of FUTA and SUTA, both taxes only apply to the first $7,000 of an employee's annual earnings, so the employer's liability for these taxes will be entirely covered in the first month of the year at rates of 0.6% (FUTA) and 5.4% (SUTA). Therefore, on January 15th, the employer's payroll tax expense would incur a debit to Payroll Tax Expense of the sum of all these monthly taxes.

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Answer:

3.13%

Explanation:

The dividend yield refers to the payment by a company to its shareholders for their shareholding divided by current stock price of the company. This is usually expressed as a percentage and can be calculated for this question as follows:

Dividend yield = Dividends per share (DPS) ÷ Market price per share (MPS) = $2.05 ÷ $65.55 = 0.0313, or 3.13%.  

Answer:

The company's dividend yield equals: 3.13%

Explanation:

Let's recall the formula of the dividend yield:

Dividend yield = Annual dividend/Current stock price

Replacing with the values provided, we have:

Dividend yield = 2.05/65.55

Dividend yield = 0.0313

Dividend yield = 3.13%

Interpretation:

Dividend yield is a way to compare the level of attractiveness of any dividend-paying stock. It shows an investor the yield he/she can expect on an annual basis by purchasing a stock.

Answer:

1-population explosion

2- world poverty and income inequality

3- rapid growth of many development nations

Explanation:

This is an issue that must be analyzed according to a historical context in the world.

The industrial revolution was a milestone in the world with regard to the population explosion, this was due to technological innovations that occurred after the industrial revolution, as there were different labor relations, difference in the way of man producing and greater availability of food.

From then on, the rural exodus begins, with people migrating from the countryside to urban areas, in order to obtain greater job opportunities.

The industrial revolution has revolutionized the world until today, since then a capitalist context has emerged, where there is the enrichment of entrepreneurs and the insertion of large companies in developing countries and consequently the increase in income inequality and poverty.

So these are the three factors that integrated were combined to accelerate the ecological crisis of the global community and hinder sustainable development, because in the eagerness of industrial development and income generation, combined with the population's desire for production, sustainable development was a factor that could mean a barrier to production and rampant consumerism.

Answer:

The complete question has been attached for proper cross reference

Subcontracting costs amounts to $210,000 for the 8 months

Volumes subcontracted are

Mar 400

Apr 509

May 700

Jun 700

July 400

Aug 100

Total 2,800

Inventory holding cost is $4,000. Only inventory in hand was 200 units in January

Explanation:

Kindly refer to the attached document for a complete presentation of results

Answer:

a. Debit Bad debt expense  $4,560

Credit Allowance for doubtful debt  $4,560

Being entries to recognize bad debt expense

b. Debit Bad debt expense  $9,670

Credit Allowance for doubtful debt  $9,670

Being entries to recognize bad debt expense

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

Net sales

=  $840,900 - $ 52,650

= $788,250

Allowance for doubtful debt

= 5% * $165,800

= $8,290

a. the difference to be posted

= $8,290 - $3,730

= $4,560

b. the difference to be posted

= $8,290 + $1,380

= $9,670

Answer:

= 33.37%

Explanation:

The computation of expected annual return is given below:-

Price of common stock today = Dividend next year ÷ (Required rate of return - Growth rate)

= $42 = $3 ÷ (required rate of return - 1.2%)

= (required rate of return -1.2%) = 0.071429

= (required rate of return - 1.2%) = 7.1429%

Required rate of return = 8.3429%

Expected of Annual Return = Required rate of return × Quarterly

= 8.3429% × 4

= 33.3716%

or

= 33.37%

So, for computing the expected of annual return we simply multiply the required rate of return with quarterly.