Answer:
Marginal propensity to consume or MPC = 0.65
Multiplier or k = 2.85714 rounded off to 2.86
Explanation:
The marginal propensity to consume (MPC) is the proportion of increased disposable income that consumers spend. It is a metric to quantify the induced consumption and how an increase in consumer spending occurs as a result of increase in income.
MPC is calculated as follows,
MPC = Change in consumer spending / change in income
MPC = 0.65 / 1
MPC = 0.65
To calculate the multiplier, we simply use the following formula,
Multiplier or k = 1 / (1 - MPC)
k = 1 / (1 - 0.65)
k = 2.85714 rounded off to 2.86
The marginal propensity to consume is a measure in economics that quantifies induced consumption, or the idea that private expenditure grows in tandem with disposable income.
The spending power is the amount of expendable cash spent on consumption by individuals.
The answers to the questions in the context are:
Marginal propensity to consume or MPC = 0.65
Multiplier or k = 2.85714 rounded off to 2.86
The proportion of extra discretionary income spent by the customer is defined as the level of consumption (MPC).
It's a statistic for measuring induced consumption, or how an increase in consumer spending occurs as a result of an increase in income.
MPC is calculated as follows,
MPC = [tex]\frac{\text{Change in consumer spending}}{\text{change in income}}[/tex]
MPC = 0.65 / 1
MPC = 0.65
To calculate the multiplier:
Multiplier or k = [tex]\frac{1}{1-MPC}[/tex]
k = [tex]\frac{1}{1-0.65}[/tex]
k = 2.85714 rounded off to 2.86
Therefore,
Marginal propensity to consume or MPC = 0.65
Multiplier or k = 2.85714 rounded off to 2.86
To know more about the calculations of the consumptions and the multiplier, refer to the link below:
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If Preble had purchased 188,000 pounds of materials at $7.20 per pound and used 170,000 pounds in production, what would be the materials quantity variance for March?
f Preble had purchased 188,000 pounds of materials at $7.20 per pound and used 170,000 pounds in production, what would be the materials quantity variance for March?
Standard cost
Direct Material: 6 pounds at $8 per pound 48
Direct labour :4 hours at $13 per hour 52
Variable overhead 4 hours at $5 per hour 20
The planning budget for for March is to produce and sell 20,000 units but the However during March the company actually produce 25,500 units
Answer:
Material quantity Variance =$122,400 unfavorable
Explanation:
Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.
It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price
Pounds
25,500 should have used (25,500× 6) 153,000
but did use 170,000
Quantity variance 17,000
Standard price × $7.20
Material quantity Variance $122,400 unfavorable
Material quantity Variance =$122,400
Research an organization that makes people their primary focus and another organization that makes productivity and efficiency their primary focus. Compare, contrast, and discuss the control techniques and measurements for each organization.
Answer:
Ritz Carlton hotel focuses on people.
Sony Focuses on their products.
Explanation:
Ritz Carlton has created its leading brand by providing great ambiance to the visitors and its guest. One can dream of staying at such luxury hotel. They are famous for their hospitality of their guests. The hotel management believes on total quality management. It has set highest standard for themselves and strive to meet them by providing better and better service to its guests. The success of Ritz Carlton is mainly because they keep the comfort of their guests as their highest priority.
Sony has always been striving to serve its customer better. Millennial are the top brands that are considered in market. They are the organizations which capture major market share and are massive market segment. Sony has offered wide range of products to its customers. Their main focus is on their product features and its qualities.
Elize’s regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in excess of 40 hours. During a January pay period, Elize works 45 hours. Elize’s federal income tax withholding is $94, and she has no voluntary deductions. Use January 15 for the end of the pay period and the payment date. Prepare the journal entries to record (a) Elize’s pay for the period and (b) the payment of Elize’s wages.
Answer:
(a) Debit Wages expense for $950; Credit Federal income tax withholding for $94; and Credit Wages payable for $856
(b) Debit wages payable for $856; and Credit Cash for $856.
Explanation:
The entries will look as follows:
a) Prepare the journal entries to record Elize’s pay for the period
Date Account title Dr ($) Cr ($)
Jan 15 Wages expense (w.3) 950
Federal income tax withholding 94
Wages payable (w.4) 856
(To Elize’s pay for the period.)
(b) Prepare the journal entry to record the payment of Elize’s wages.
Date Account title Dr ($) Cr ($)
Jan 15 Wages payable (w.4) 856
Cash 856
(To record the payment of Elize’s wages.)
Workings:
Normal hours = 40
Number of hours worked = 45
Overtime hours = Number or hours worked - Normal hours = 45 - 40 = 5
Normal hourly wage rate = $20
Overtime hourly rate = $30
Federal income tax withholding = $94
w.1: Normal wage amount = Normal hours * Normal wage rate = 40 * $20 = $800
w.2: Overtime pay = Overtime hours * Overtime hourly rate = 5 * $30 = $150
w.3: Wages expense = Normal wage amount + Overtime pay = $800 + $150 = $950
w.4: Wages payable = Total wage amount - Federal income tax withholding = $950 - $94 = $856
Who sets the amount or rate of real estate commissions?
Answer:
q
Explanation:
A company budgeted unit sales of 274000 units for January, 2017 and 310000 units for February 2017. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 82200 units of inventory on hand on December 31, 2016, how many units should be produced in January, 2017 in order for the company to meet its goals
Answer:
Calculation of the Ending inventory required to be maintained
Particulars Amount
Next months budgeted sales 310,000
% of unit required to be maintained 30%
at the end of current month
Number of units required to be 93,000
maintained at the end of the
current month
Unit to be produced = Budgeted sales for the month + Ending inventory + Beginning inventory
Unit to be produced = 274,000 + 93,000 + 82,200
Unit to be produced = 449,200
Thus, the number of units to be produced in the month of January 2013 are 449,200 units.
"The technique which identifies the time period required to recover the cost of the investment is called the" ________________ method.
Answer:
Cash payback method
Explanation:
Cash payback technique is a method used by financial experts to analyse capital projects to see which ones they can invest in and which one to avoid.
This method is used to estimate the time it will take for a project to recoup the original cost of investment. It estimated when a business will payoff initial cost and start giving the investor profit.
Cash payback is easy to calculate
Cash payback = (Initial investment) ÷ (Estimated cash inflows each year)
Shorter cash payback is favourable as the investor gets back initial cost in a shorter period.
Faisal has in his savings account and can save an additional per year. If interest rates are 12%, how long will it take his savings to grow to ?
Answer:
5 years and 4 months = 5.33 years
Explanation:
the question is incomplete and it is missing several numbers. I found the following question which I think is the complete:
"Faisal has $12,000 in his savings account and can save an additional $3600 per year. If interest rates are 12%, how long will it take his savings to grow to $47,000? "
by the end of year 1, Faisal will have:
$12,000 x (1 + 12%) = $13,440+ $3,600total = $17,040by the end of year 2, Faisal will have:
$17,040 x (1 + 12%) = $19,084.80+ $3,600total = $22,684.80by the end of year 3, Faisal will have:
$22,684.80 x (1 + 12%) = $25,406.98+ $3,600total = $29,066.98by the end of year 4, Faisal will have:
$29,066.98 x (1 + 12%) = $32,487.81+ $3,600total = $36,087.81by the end of year 5, Faisal will have:
$36,087.81 x (1 + 12%) = $40,418.35+ $3,600total = $44,018.35Since Faisal is very close to his goal, we can calculate how much money he will have in 6 months:
in 5 years and 6 months, Faisal will have:
$44,018.35 x (1 + 6%) = $46,659.45+ $1,800total = $48,459.45Faisal's savings are too high in 6 more months, so we can calculate in 3 more months instead:
in 5 years and 3 months, Faisal will have:
$44,018.35 x (1 + 3%) = $45,338.90+ $900total = $46,238.90Faisal is just a little bit short:
in 5 years and 4 months, Faisal will have:
$44,018.35 x (1 + 43%) = $45,779.08+ $1,200total = $46,979.08I guess we are close enough because in one more month he will have a significantly higher amount.
Problem 16-12 Calculating WACC [LO1] Blitz Industries has a debt-equity ratio of 1.5. Its WACC is 7.7 percent, and its cost of debt is 5.4 percent. The corporate tax rate is 25 percent. a. What is the company’s cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company’s unlevered cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c-1. What would the cost of equity be if the debt-equity ratio were 2? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c-2. What would the cost of equity be if the debt-equity ratio were 1.0? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c-3. What would the cost of equity be if the debt-equity ratio were zero? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
a) 13.18%
b) 9.06%
c-1) 14.55%
c.2) 11.805%
c.3) 9.06%
Explanation:
debt = 60%, cost of debt = 5.4% x 0.75 = 4.05%
equity = 40%, Re = ?
WACC = 7.7%
7.7% = (40% x Re) + (60% x 4.05%)
7.7% = (40% x Re) + 2.43%
(40% x Re) = 5.27%
Re = 5.27% / 40% = 13.175 = 13.18%
13.18% = ReU + (ReU - 0.054) x 1.5 x (1 - 25%)
13.18% = ReU + (ReU - 0.054) x 1.125
0.1318 = ReU + 1.125Reu - 0.06075
0.19255 = 2.125ReU
ReU = 0.19255 / 2.125 = 9.06%
ReL = 9.06% + (9.06% - 5.4%) x 2 x 0.75
ReL = 14.55%
ReL = 9.06% + (9.06% - 5.4%) x 1 x 0.75
ReL = 11.805%
Which of the following would not be appropriate to consider in the physical design of a data center?
A
Inclusion of an uninterruptible power supply system and surge protection
B
Use of biometric access systems
С
Evaluation of potential risks from railroad lines and highways
D
Design of authorization tables for operating system access
It is not appropriate to consider this in the physical design of a data center: D Design of authorization tables for operating system access.
The physical design of a data center has nothing to do with the design of authorization tables for operating system access, which is mainly a logical control device, and not a physical control.
This factor is actually taken care of after the data center has been located, designed, built, and fully equipped for operation. Moreover, the design of authorization tables for operating system access has something to do with logical controls and not physical controls.
However, during the physical design, there is always the need to consider the inclusion of an uninterruptible power supply system, surge protector, bio-metric access systems, and the potential risks from railroad lines and highways.
Thus, the issue that should not be considered in the physical design of a data center is the design of authorization tables for operating system access.
Learn more about the physical design of a data center here: https://brainly.com/question/14517816
Which of the following is a difference between global consistency and local adaptation? a. Unlike global consistency, local adaptation simplifies decisions. b. Unlike global consistency, a company following a policy of local adaptation modifies its standard operating procedures to adapt to differences in foreign customers, governments, and regulatory agencies. c. Unlike global consistency, a company following a policy of local adaptation follows the same rules and regulations across all its offices in different countries. d. Unlike global consistency, local adaptation is typically preferred by overseas managers who are charged with making the local business successful in other countries.
Answer:
b. Unlike global consistency, a company following a policy of local adaptation modifies its standard operating procedures to adapt to differences in foreign customers, governments, and regulatory agencies.
Explanation:
When a company wants to operate in different locations globally they can adopt 2 methods of operation.
The global consistency approach aims to maintain a uniform operational procedure across all countries where a company does business.
Local adaptation is when the company modifies it's standard operating procedures to fit local preferences, government policy, regulations, and politics.
Local adaptation tends to be more complex be side each location has its way of operating so there is no uniformity across global locations.
Bob manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of inflation.
Answer:
shoe-leather costs
Explanation:
Inflation is a persistent rise in general price levels.
shoe-leather costs of inflation is the cost in terms of time and effort spent by individuals in reducing their cash holdings in order to avoid paying inflation tax.
Bob's shoe cost of inflation includes :
1. the time and effort expended in going to purchase items immediately he is paid
2. the time and effort expended in converting the money he didn't spend to a more stable foreign currency.
Firms that compete in the global marketplace typically face two types of competitive pressures, namely, the pressures for _______ and _______.
a. global integration; local responsiveness
b. politically sensitivity; market leadership
c. cost reductions; marginal costs
d. price reductions; cost reductions
Answer:
a. global integration; local responsiveness.
Explanation:
A competitive pressure in business management can be defined as the degree of competition faced by a firm which involves the process of seeking to have a significant share of the available customers and market in a specific industry.
Firms that compete in the global marketplace typically face two types of competitive pressures, namely, the pressures for global integration and local responsiveness.
A global integration can be defined as the degree to which a particular firm can make use of the available resources, products and methods in another country.
On the other hand, local responsiveness can be defined as the extent to which a particular firm must customize or tailor its products and methods of production in order to meet conditions in another country.
Drake Manufacturing makes a variety of products, including lawn mowers. 's Lawn Mower Division can use a component, K32, manufactured by 's Electrical Division. The market price for K32 is per unit. The variable cost per unit for K32 in the Electrical Division is $11, while the absorption cost per unit is $12. The divisions at use a negotiated price strategy to set transfer prices between divisions. The Electrical Division has excess capacity. What is the lowest acceptable transfer price to the Electrical Division? What is the highest acceptable transfer price that the Lawn Mower Division would pay?
1. ______the lowest acceptable transfer price to the Electrical Division.
a. $14, the difference between the variable cost and market price.
b. $11, the variable cost.
c. $12, the absorption cost.
d. $25, the market price.
2. ______is the highest acceptable transfer price that the Lawn Mower Division would pay.
a. $14, the difference between the variable cost and market price.b. $11, the variable cost. c. $12, the absorption cost.d. $25, the market price.
Answer:
b. $11, the variable cost.d. $25, the market price.Explanation:
1. The Electrical Division has excess capacity so supplying the Lawn Mower Division can be done and they will still be able to sell to outside customers. They should therefore only charge the variable cost to make component K32 which is $11 as they are in the same company.
2. The highest acceptable transfer price that the Lawn Mower division would pay is the market price of $25. At a price higher than this, it would make no sense to source the component from the Electrical division because the Lawn Mower division could simply source it from the market and save on costs.
If an investor's aversion to risk increased, would the risk premium on a high beta stock increase by more or less than that of a low-beta stock? Explain.
Answer:
risk premium increases by more of the low - beta stock
A risk averse investor is an investor that avoids risk. if risk aversion increases, it means that the investor is more wary of risky investment.
Beta measures the volatility of a portfolio. the higher the volatility, the more risky the portfolio is.
risk premium measures the rate of return in excess of the risk free rate.
According to CAPM :
risk free rate + (beta x stock risk premium)
Beta is a multiplier of stock risk premium, so the higher the beta, the more there would be an increase in the stock risk premium
If a risk averse investor invests in a high beta stock, he would want extra or higher compensation for holding such a volatile stock. this extra compensation would be in the form of a higher risk premium.
Explanation:
A Missouri job shop has four departments machining (M), dipping in a chemical bath (D), finishing (F), and plating (P) assigned to four work areas. The operations manager, Mary Marrs, has gathered the following data for the movement of material. The number of workpieces moved yearly between work areas are:
M D F P
M - 800 2,000 200
D - - 400 400
F - - - 2,000
P - - - -
It costs $0.75 to move 1 workpiece 1 foot in the job shop. For the layout design of the job shop,
LAYOUT PLAN A:
Distance between work areas (departments) in feet:
M D F P
M - 21 12 8
D - - 5 10
F - - - 4
P - - - -
The yearly total material handling cost of the current layout presented in PLAN A_____________.
Answer: Find the answer in the attached file
Explanation:
Bunker Hill Mining Company has two competing proposals: a processing mill and an electric shovel. Both pieces of equipment have an initial investment of $750,000. The net cash flows estimated for the two proposals are as follows:
Net Cash Flow Year Processing Mill Electric Shovel
1 $310,000 $330,000
2 260,000 325,000
3 260,000 325,000
4 260,000 320,000
5 180,000
6 130,000
7 120,000
8 120,000
The estimated residual value of the processing mill at the end of Year 4 is $280,000.
Present Value of $1 at Compound Interest
Year 6% 10% 12% 15% 20%
1 0.943 0.909 0.893 0.870 0.833
2 0.890 0.826 0.797 0.756 0.694
3 0.840 0.751 0.712 0.658 0.579
4 0.792 0.683 0.636 0.572 0.482
5 0.747 0.621 0.567 0.497 0.402
6 0.705 0.564 0.507 0.432 0.335
7 0.665 0.513 0.452 0.376 0.279
8 0.627 0.467 0.404 0.327 0.233
9 0.592 0.424 0.361 0.284 0.194
10 0.558 0.386 0.322 0.247 0.162
Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of 15%. Use the present value table appearing above. If required, round to the nearest dollar.
Processing mill electric shovel
Present value of net cash flow total $_____ $_____
Less amount to be invested $_____ $_____
Net present value $_____ $_____
Answer:
Year NCF Processing Mill NCF Processing Mill NCF Electric Shovel
0 -$750,000 -$750,000 -$750,000
1 $310,000 $310,000 $330,000
2 $260,000 $260,000 $325,000
3 $260,000 $260,000 $325,000
4 $260,000 $540,000 $320,000
5 $180,000
6 $130,000
7 $120,000
8 $120,000
discount rate = 15%
NPV Processing Mill (8 years) = -$750,000 + ($310,000 x .87) + ($260,000 x .756) + ($260,000 x .658) + ($260,000 x .572) + ($180,000 x .497) + ($130,000 x .432) + ($120,000 x .376) + ($120,000 x .327) = -$750,000 + $267,700 + $196,560 + $171,080 + $148,720 + $89,460 + $56,160 + $45,120 + $39,240 = -$750,000 + $1,014,040 = $264,040 HIGHEST NPV, SO THIS PROJECT SHOULD BE SELECTED
NPV Processing Mill (4 years) = -$750,000 + ($310,000 x .87) + ($260,000 x .756) + ($260,000 x .658) + ($540,000 x .572) = -$750,000 + $267,700 + $196,560 + $171,080 + $308,880 = -$750,000 + $944,220 = $194,220
NPV Electric Shovel (4 years) = -$750,000 + ($330,000 x .87) + ($325,000 x .756) + ($325,000 x .658) + ($320,000 x .572) = -$750,000 + $287,100 + $245,700 + $213,850 + $183,040 = -$750,000 + $929,690 = $179,690
Buy 100 shares of ABC if the market rises to $45, but don't buy the stock for more than $50." What is the appropriate order to be placed
Answer:
Buy ABC at 45 Stop 50 Limit
Explanation:
Since the customer wishes to buy the stock if the market rises to $45 per share , the appropriate order to be placed is 'Buy ABC at 45 Stop 50 Limit'.
Here, a buy stop order is the only order that allows stocks to be bought at a price above current market price unlike a buy limit order that is placed below the current market price hence cannot be used.
In a situation where the market moves to $45 or higher, it becomes a market order to buy because it is elected. Suppose the customer is no more interested in paying above $50 per share, the order must be ' Buy 100 ABC at 45, Stop 50 Limit.
In ________, the producer marks the reduced prices directly on the label or package. These offer consumers savings off the regular price of a product and are very effective in stimulating short-term sales.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Promotional products
b) Coupons
c) Cents-off deals
And the correct answer is the option C: Cents-off deals
Explanation:
To begin with, the term of "Cents-off Deals", in the business and marketing field, refers to the strategy used as a type of sales promotion that focus on the fact of offering a brand at a lower price and that reduction of the price might be on the label of pachage on purpose so the consumers will see it right away when the have the product in hands. Moreover, this type of strategy is very effective in stimulating short-term sales due to the fact that it generates an inmediate reaction in the consumer when they see the offer.
A company decides not to pay dividends to stockholders, but the company is requested to pay interest to debt holders. What does this mean about the performance of the company?
Answer: Poor Performance
Explanation:
Options are not available but the foremost reason why a company would decline to pay dividends but still be requested to pay interest to debt holders is that they performed poorly.
Dividends are based on how much net income the company got for the period and so if a company performs poorly, they should not pay out dividends as it will put them in financial difficulty.
Interest payments however have to be paid regardless of if the company made a profit or not. So even if the company performed poorly, they would still be requested to pay interest to debt holders.
Uber's guidance that if a driver's "rating over the most recent 100 trips is below a 4.6, your profile may be at risk of deactivation" represents which step in the control process?
a. take corrective action, if necessary
b. compare performance to standards
c. recognize success
d. measure performance
e. establish standards
Answer:
e. establish standards
Explanation:
-Take corrective action, if necessary is when managers decide strategies to implement when the results are not meeting the standards that were established.
-Compare performance to standards is the step that determines if there is a difference between the company's performance and the standards.
-Recognize success is not a step in the control process.
-Measure performance refers to gather and analyze data to determine if the company is meeting the goals set.
-Establish standards refers to establishing goals that are specific, attainable and clear to be able to evaluate the company's performance.
According to this, the answer is that Uber's guidance that if a driver's "rating over the most recent 100 trips is below a 4.6, your profile may be at risk of deactivation" represents establish standards because Uber established a rating that driver's need to achieve which represents the standard that would be use to evaluate them.
Downtown Bancshares has 40,000 shares of $8 par common stock outstanding. Suppose Downtown declares and distributes a 16% stock dividend when the market value of its stock is $20 per share.
1. Journalize Downtown's declaration and distribution of the stock dividend on May 11. An explanation is not required.
2. What was the overall effect of the stock dividend on Downtown's total assets? On total liabilities?
Answer and Explanation:
1. The journal entry is shown below:
Retained earnings Dr (40,000 shares × 16% × $20) $128,000
To Common stock (40,000 shares × 16% × $8) $51,200
To Paid in capital in excess of par value - common stock $76,800
(Being the declaration and the stock distribution is recorded)
2. Since the retained earnings is debited which reduced the equity by $128,000 but at the same time it also increased the equity via common stock and paid in capital by $128,000 so the overall effect should be NIL or zero
Also the assets and liabilities remains unaffected
light sweet petroleum, inc., is trying to evaluate a generation project with cash flows:________.
year Cash Flow
0 -38,600,000
1 62,600,000
2 - 11,600,000
a-1 What is the NPV for the project if the company requires a return of 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
NPV _______
a-2 Should the company accept this project?
A. Yes
B. Nο
b. This project has two IRR's, namely _______ percent and ______ percent, in order from smallest to largest. (Note: If you can only compute one IRR value, you should input that amount into both answer boxes in order to obtain some credit.) (A negative answer should be indicated by a minus sign.
Answer:
a-1. NPV for the project is $8,381,576.17
a-2. A. Yes. Accept the Project.
b. 40.84 % and 40.84 %
Explanation:
The Net Present Value can be determined using a Financial Calculator as follows :
-38,600,000 CFj
62,600,000 CFj
- 11,600,000 CFj
11 % I/YR
Shift NPV $8,381,576.17
A Company should accept projects that have a positive Net Present Value.Therefore, Accept this project.
Calculation of the Internal Rate of Return using a Financial Calculator :
-38,600,000 CFj
62,600,000 CFj
- 11,600,000 CFj
Shift IRR 40.84 %
Research on women working in the corporate world indicates that one reason professional women leave their jobs is that the common corporate structure does not value:
Answer:
A. an interdependent worker.
Explanation:
Interdependent worker means the person who is handling the day to day operations of the business independently.
According to the given question, if the women are working in the corporate world than the chances of the leaving of their jobs is that the general corporate structure do not value them as an interdependent worker just because the person is a woman
Therefore the correct option is A
For Gundy Company, units to be produced are 5,230 in quarter 1 and 6,100 in quarter 2. It takes 2.0 hours to make a finished unit, and the expected hourly wage rate is $15 per hour.
Required:
Prepare a direct labor budget by quarters for the 6 months ending June 30, 2017.
Answer:
Direct labor budget by quarters for the 6 months ending June 30, 2017
Quarter 1 Quarter 2
Expected Production (units) 5,230 6,100
Hours required per unit 2.0 2.0
Total Expected Hours 10,460 12,200
Cost per Hour $15 $15
Total Cost $156,900 $183,000
Explanation:
Total Expected Cost = Total Expected Hours × Total Cost per Hour
Andrew is injured in an accident caused primarily by the negligence of Bob. Andrew suffers $100,000 worth of harm. Bob is 70% to blame, Andrew 30%. How much will Andrew recover from Bob under the rules of a state that has adopted comparative fault?
a. $0
b. $30,000
c. $70,000
d. $100,000
Answer:
$70,000
Explanation:
From the question, it is seen that Bob is the reason for this accident so he is the to bear a cost of treating Andrew based on comparative fault.
He contributed greatly to the accident therefore he is liable to a 70% payment of the $100000 cost of treatment.
100000 *70%
= $70000
Therefore by this law Andre will recover $70000 from him.
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income $ 2,000 Required: 1. What is the contribution margin per unit
Answer:
Unitary contribution margin= $8
Explanation:
Giving the following information:
Sales $ 20,000
Variable expenses 12,000
Contribution margin 8,000
To calculate the unitary contribution margin, we need to use the following formula:
Unitary contribution margin= total contribution margin / total units
Unitary contribution margin= 8,000 / 1,000
Unitary contribution margin= $8
In a concentrated network configuration:
a. firms perform a supply chain activity in one location and serve foreign locations from it
b. firms allow each site on the network to operate with full autonomy
c. firms tightly link operations and supply chain activities to one another
d. firms perform a supply chain activity in various countries
Answer:
B
Explanation:
Here, in this question, we are to select which of the options is best.
The correct answer to this question is that in a concentrated network configuration, firms allow each site on the network to operate with full autonomy.
What this means is that each site in the network operate independently of the other sites.
A site is thus an autonomous entity but still part of the concentrated network
The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 375,000 Cost of goods sold 322,000 Value of production materials on hand 42,500 Value of work-in-process inventory 37,000 Value of finished goods on hand 12,500 What is the inventory turnover ratio (ITR) ?
Answer:
The answer is 3.5
Explanation:
Inventory turnover ratio is:
Cost of goods sold / Total or average inventory
Cost of goods sold is $322,000
Total Inventory in this question comprises work-in- process, finished goods and even raw materials.
So total inventory equals:
Production materials on hand $42,500 Work-in-process inventory $37,000
Finished goods on hand $12,500
Total inventory. $92,000
Therefore, inventory turnover ratio is
$322,000 / $92,000
= 3.5
Speedy Runner makes running shoes and they have gathered the following data for the month of October: Data Cash on 10/1 Expected Cash Collections Direct Materials Cash Disbursements Direct Labor Cash Disbursements MOH Cash Disbursements Operating Expenses Cash Disbursements Capital Expenditures Cash Disbursements Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. How much will Speedy Runner need to borrow at the end of October?
Answer: $9,000
Explanation:
Speedy Runner will need to borrow the amount of cash disbursements that will exceed their cash receipts.
= Opening Cash + Cash Receipts - Cash Disbursements
= Opening Cash + Expected Cash Collections - Direct Labor Cash - Direct Materials Cash Disbursements - Operating Expenses Cash Disbursements - MOH Cash Disbursements - Capital Expenditures Cash Disbursements - Ending cash balance requirement
= 15,300 + 435,000 - 32,000 - 80,000 - 110,000 - 25,000 - 200,000 - 12,000
= $8,700
They can borrow in incremental terms of $1,000 so to cover the cash requirements they should borrow $9,000.
1. While FF was started 40 years ago, its common stock has been publicly traded for the past 25 years. 2. The returns on its equity are calculated as arithmetic returns. 3. The historical returns for FF for 2012 to 2016 are:
Answer:
hello some details/parts of your question are missing attached below is the missing part
answer : A ) = 24.13%
B ) = 0.1084, The preceding data series represents a SAMPLE
C ) = 0.4494
Explanation:
A) The average realized return on FF stock can be calculated as
= 24% + 16.15% + 29% +39.9% + 12.35% / 5
= 24.13%
B) The preceding data series represents a SAMPLE standard deviation BECAUSE RETURNS WERE MADE ONLY FOR FIVE YEARS
and the sample standard deviation is calculated as
[tex]s^2 = \frac{summation ( x - mean vale)^2}{N-1}[/tex]
[tex]S^2 = \frac{0.0470383}{ 5 -1 }[/tex] = 0.01175056
s = [tex]\sqrt{0.01175056}[/tex] = 0.1084
C) coefficient of variation
coefficient of variation = standard deviation / mean
= 0.1084 / 0.2413 = 0.4494