Answer:
1. Product cost for model B-13
Various Manufacturing cost = Cost driver * Activity Rate
Materials handling = 180 parts x $2.40 = $432.00
Manufacturing Supervision = 7.50 machine hours x $14.80 = $111.00
Assembly = 180 parts * $3.30 = $594.00
Machine setup = 3 setups * $56.50 = $169.50
Inspection and testing = 1.50 inspection time * $45.50 = $68.25
Packaging = 0.75 packaging time * $19.50 = $14.63
Total Manufacturing cost =$432.00 + $111.00 + $594.00 + $169.50 + $68.25 + $14.63 = $1389.38
Particulars Amount$
Direct Materials 150.50
Manufacturing cost 1,389.38
Total Product cost 1,539.88
The product cost for model B-13 is $1,539.88
2. Product cost for model F-32
Various Manufacturing cost = Cost driver * Activity Rate
Materials handling = 110 parts * $2.40 = $264.00
Manufacturing Supervision hours = 6.20 machine hours * $14.80 = $91.76
Assembly = 110 parts * $3.30 = $363.00
Machine setup = 2 setups * $56.50 = $113.00
Inspection and testing = 1.25 inspection time * $45.50 = $56.88
Packaging = 0.50 packaging time * $19.50 = $9.75
Total Manufacturing cost = $264.00 + $91.76 + $363.00 + $113.00 + $56.88 + $9.75 = $898.39
Particulars Amount$
Direct Materials 95.90
Manufacturing cost 898.39
Total Product cost 994.29
Hence, the product cost for model F-32 is $994.29.
3. Particulars Amount$
Sales 1,690.00
Less: Product cost 1,539.88
Product Margin 150.12
Hence, the product margin for Model B-13 is $150.12
4. Particulars Amount$
Sales 922.00
Less: Product cost 994.29
Product Margin -72.29
Hence, the product margin for Model F-32 is -$72.29
Which publicly funded program distributes, free of charge, surplus agricultural products to low-income households
Answer:
commodity foods program
Explanation:
the commodity food program is a way of improving on the diets of low income earners by providing them with nutritious USDA food.
The low income earners in this category includes pregnant women, children, the elderly and infants. This program health to improve their diets as well as their overall health
Amazon stock prices gave a realized return of 15%, 12%, 12%, and 15% over four successive quarters. What is the annual realized return for Amazon for the year?
Answer:
Annual realized rate = 0.135 or 13.5%
Explanation:
The annual realized return on the stock can be calculated by taking the weighted average of the quarterly realized returns provided by the stock. As the returns are quarterly, each return will be allocated a weight of 1/4 or 0.25 or 25%. Thus, the annual realized rate will be,
Annual Realized rate = 0.25 * 0.15 + 0.25 * 0.12 + 0.25 * 0.12 + 0.25 * 0.15
Annual realized rate = 0.135 or 13.5%
A nephew has been given a durable power of attorney over his uncle's brokerage account. Upon the death of the uncle, the power of attorney:________.
Answer:
B. is terminated
Explanation:
These are options for the question
A. remains in force
B. is terminated
C. transfers to the executor of the uncle's estate
D. transfers to the registered representative servicing the uncle's account
From the question, we were informed about that a nephew has been given a durable power of attorney over his uncle's brokerage account.
Then in the case of the death of the uncle, the power of attorney is terminated.
Power of attorney which is a written documents that gives legal appointment of person or organization to perform an action on behalf of another person. It could be on properties or materials. But since the uncle of that nephew is dead then it brings end to the power of the Anthony on the nephew.
It should be noted that only "Principal" can override the power of attorney.
Monar Inc.'s CFO would like to decrease its cash conversion cycle by 10 days (based on a 365 day year). The company carries average inventory of $750,000. Its annual sales are $10 million, its cost of goods sold is 75% of annual sales, and its average collection period is twice as long as its inventory conversion period. The firm buys on terms of net 30 days, and it pays on time. The CFO believes he can reduce the average inventory to $647,260 with no effect on sales. By how much must the firm also reduce its accounts receivable to meet its goal in the reduction of the cash conversion cycle
Answer:
$136,986
Explanation:
The receivables accounts must be reduced by $136,986 in order to meet the goal in reduction of cash conversion cycle.
Inventory Cycle:
75% of sales = 7,500,000
($75,000/$7,500,000)*365 days
=4 days
Receivable Cycle:
4*2 = 8 days
Payable Cycle:
$750,000/$10,000,000*365 days
=27 days
Cash conversion cycle:
4-8+27
=15 days
Suppose Stark Ltd. just issued a dividend of $1.59 per share on its common stock. The company paid dividends of $1.25, $1.33, $1.40, and $1.51 per share in the last four years. a. If the stock currently sells for $40, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. What if you use the geometric average growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
The answer is below
Explanation:
a) The dividend growth rate is given as D2/D1 - 1
Year Dividend Growth rate
1 $1.25
2 $1.33 ($1.33/ $1.25 - 1) 6.4%
3 $1.4 ($1.4/$1.33 - 1) 5.26%
4 $1.51 ($1.51/$1.4 -1) 7.86%
The arithmetic average growth rate is the average of all the growth rates.
Arithmetic average growth rate = (6.4% + 5.26% + 7.86%) / 3 = 6.51%
The cost of annuity = (cost of common stock / Selling stock price) * 100% + Average growth rate
The cost of annuity = ($1.59 / $40) * 100% + 6.51% = 10.49%
b) The geometric growth rate is given as:
geometric average growth rate =
[tex](\frac{D_n}{D_o} )^{\frac{1}{n} }-1\\D_n=1.51,D_o=1.25,n=3\\\\Geometric\ growth\ rate=\frac{1.51}{1.25}^{1/3}-1=6.5\%[/tex]
The cost of annuity = ($1.59 / $40) * 100% + 6.5% = 10.48%
1. Costs and benefits aren't always measured in dollars and cents. Assume
your gym teacher just told you to "drop and give me 20!" You have already
completed one set of 20 pushups. What non-money costs might you
experience if you give the gym teacher what she wants and do another set of
pushups? Answer this question in the form of one or more complete
sentences.
Answer:
The non-monetary costs you might experience are the calories, time, and the energy that you will burn by doing additional 20 pushups.
Explanation:
As for the benefits, you will lose some calories and gain better physique, strengthening your core. The benefits will certainly outweigh the costs, unless the person drops dead while doing the second act, but your gym teacher should know better. Another point is that not all costs and benefits can be quantified in monetary terms, or "measured in dollars and cents," which the above example has adequately illustrated.
Under U.S. GAAP, property, plant, and equipment is reported at ______ value; under IFRS, property, plant, and equipment is reported at _____ value.
Answer: Book; Fair
Explanation:
Under U.S. GAAP, property, plant, and equipment is reported at book value; under IFRS, property, plant, and equipment is reported at fair value.
An asset's book value is simply equal to the carrying value of the asset on the balance sheet. It should be noted that the book value is calculated when the asset is put against the accumulated depreciation.
The fair value has to do with the estimation of several assets and liabilities which are listed on an organization's books.
Adventure Holiday sells thousands of tour packages each month through its various branches. A branch manager's salary would be a(n) _________ of selling a tour package.
Answer:
Direct cost
Explanation:
Since in the question it is mentioned that the Adventure holiday sells thousand number of tour packages each month with the help of various branches.
So here the salary of a branch manager should be considered as a direct cost as it is related to the tour package sale and hence the same is to be considered
It is directly attributed to the object of cost
One of a company's main objectives in managing its supply chain is to make the flow of incoming materials and parts independent of production and downstream distribution.
A. True
B. False
Answer:
False
Explanation:
A company manages its supply chain activities in the most efficient way possible. This means that the supply chain is managed in a way that there is no wastage of resources.
In order to achieve this, the supply of process materials has to take into consideration the process activities and production schedules of the company. The supply chain cannot be independent of the production and downstream distribution. If the supply chain is independent of the production and downstream distribution, there will be a lot of wastage during periods of low production.
When an appraiser assumes that no one is being forced to sell at a reduced price because of an impending divorce or similar situation; and that both buyer and seller are well-informed customers, he is more than likely hired to determine
Answer:
market value
Explanation:
In situations such as this one, the appraiser is usually hired to determine the market value of the property/asset that the individual is trying to sell. Market value is a term used in economics that describes the actual current value of an asset or a company on the financial market, according to market participants. In other words, this is the current price that other similar assets are selling for and what buyers seem to be willing to pay.
You verbally promise to pay your sister tomorrow the $25 that you owe her. This promise however, is not a negotiable instrument because:
Answer:
It is not in writing is the answer
Explanation:
The gestation period for cats has an approximate mean of 64 days and a standard deviation of 3 days. The distribution of the gestation period is approximately Normal.
a. What proportion of kittens have a gestation period of less than 68 days?
b. What proportion of kittens have a gestation period between 61 and 70 days?
c. What gestation period corresponds to the top 10% of gestation periods?
d. What gestation period corresponds to the 25th percentile?
Answer:
a. P(X<68) = 0.9082
b. P(61 < X< 70) = 0.8185
c. the gestation period that corresponds to the top 10% of gestation periods = 67.846
d. the gestation period that corresponds to the 25th percentile = 61.977
Explanation:
Given that:
population mean [tex]\mu[/tex] = 64
standard deviation [tex]\sigma[/tex] = 3
a. What proportion of kittens have a gestation period of less than 68 days?
here the sample mean x = 68
The standard normal distribution for the z score is
[tex]z = \dfrac{x -\mu}{\sigma}[/tex]
[tex]z = \dfrac{68 -64}{3}[/tex]
[tex]z = \dfrac{4}{3}[/tex]
z = 1.33
The proportion of the kittens having a gestation period of less than 68 days is:
P(X<68) = P(Z< 1.33)
Using the z - tables
P(X<68) = 0.9082
b. What proportion of kittens have a gestation period between 61 and 70 days?
here ; sample mean x₁ = 61 and x₂ = 70
the standard normal distribution for the z score is:
[tex]z_1 = \dfrac{61 -64}{3}[/tex]
[tex]z_1 = \dfrac{-3}{3}[/tex]
[tex]z_1 =-1[/tex]
[tex]z_2 = \dfrac{70-64}{3}[/tex]
[tex]z_2= \dfrac{6}{3}[/tex]
[tex]z_2= 2[/tex]
So, the proportion of kittens having a gestation period between 61 and 70 days is:
P(61 < X< 70) = P(-1 < Z < 2)
P(61 < X< 70) = P(Z < 2) - P( Z< -1)
From z tables
P(61 < X< 70) = 0.9772 - 0.1587
P(61 < X< 70) = 0.8185
c. What gestation period corresponds to the top 10% of gestation periods?
i.e
P(X >[tex]x_o[/tex] ) = 0.1
P(X < [tex]x_o[/tex] ) = 1 - 0.1
P(X >[tex]x_o[/tex] ) = 0.9
[tex]P(Z < \dfrac{x - \mu}{\sigma}) =0.9[/tex]
Using the Excel Function : =NORMINV (0.9)
[tex]P(Z < \dfrac{x - \mu}{\sigma}) =1.282[/tex]
⇒ [tex]\dfrac{x - \mu}{\sigma}=1.282[/tex]
[tex]{x - \mu}=1.282 \times \sigma[/tex]
[tex]x =1.282 \times \sigma + \mu[/tex]
given that:
[tex]\mu = 64 \\ \sigma =3[/tex]
x = 1.282 × 3 + 64
x = 67.846
The gestation period that corresponds to the top 10% of gestation periods = 67.846
d. What gestation period corresponds to the 25th percentile?
At 25 percentile, using the EXCEL FUNCTION = NORMINV(0.25;64;3)
the gestation period that corresponds to the 25th percentile = 61.977
the sale or maturity of investments in securities is a cash ____ activities section of the statement of cash flows
Answer:
Cash Inflow from Investing Activities
Explanation:
The Cash Flow from Investing Activities shows the cash flow resulting from acquisition and sale of Assets held by the Company. The sales of investments in securities imply the sale of an asset, hence it is a Cash Inflow from Investing Activities.
what did economic liberalism stand for
Answer:
Economic liberalism is a political and economic philosophy based on strong support for a market economy and private property in the means of production. Historically, economic liberalism arose in response to mercantilism and feudalism.
Explanation:
Economic liberalism is most often associated with support for free markets and private ownership of capital assets. It contrasts with protectionism because of its support for free trade and open markets. Historically, economic liberalism arose in response to mercantilism and feudalism. Today, economic liberalism is also generally considered to be opposed to non-capitalist economic systems, such as socialism and planned economies.
he Snella Company reports 2015 Pre-tax Net Income of $10,000. The following items exist:Premiums Paid for Key Officer Life Insurance $ 200Accrued Revenues $ 80Unearned Revenues $ 50The tax rate is 20%. Indicate the amounts for 2015 Income Tax Expense and 12/31/15 Income Tax Payable, respectively:a. $2,040, $2,034b. $1,960, $1,934c. $1,960, $1,986d. $2,040, $1,986e. $2,034, $2,034
Answer:
The Snella Company
e. $2,034, $2,034
Explanation:
The 2015 Income Tax Expense and the 12/31/15 Income Tax Payable will be equal unless some Income Tax Payable for 2014 were being carried forward. Again, the tax basis and the accrual basis are not the same. Using the tax basis, we will calculate tax for unearned revenues of $50 and not for accrued revenues of $80. Premiums paid for key officer life insurance are not tax-deductible. Life insurance premiums are deductible for the individual and not the corporate entity. This means that the taxable income will be equal to $10,170 ($10,000 + 200 + 50 - 80).
All of the following are parts of business models employed in the online music industry except: Question 2 options: A) peer-to-peer streaming. B) cloud streaming. C) download-and-own. D) subscription.
Answer: A) peer-to-peer streaming
Explanation: Peer-to-Peer streaming is one of the most popular media applications over the internet in recent times and it is a part of business models employed in the online music industry. These systems reduce the load on the server and provide a scalable content distribution and as such, partitions tasks or workloads between peers (equally privileged, participants who make a portion of their resources directly available to other network participants, without the need for central coordination by servers or stable hosts).
In order to be sure a project meeting runs according to plan, the project manager should develop an agenda in advance and deliver it to participants as they arrive at the meeting.
A. True
B. False
Answer:
B. False
Explanation:
Meetings must be planned in advance, and therefore, the agenda must be delivered to the participants in advance before the meeting in order for all participants to know what the meeting will be about and for them to prepare themselves for it. This way all participants can organize themselves and their schedules better.
Determining the Proceeds from Bond IssuesMadison Corporation is authorized to issue $500,000 of 5-year bonds dated June 30, 2019, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2019.Required:
Determine the proceeds that the company will receive if it sells the following: 1. The bonds to yield 12%. 2. The bonds to yield 10%.
Answer:
1.
Bond Price = $481599.8724 rounded off to $481599.78
2.
Bond Price = $519304.3373 rounded off to $519304.34
Explanation:
1.
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 500000 * 0.11 * 0.5 = 27500
Total periods (n)= 5 * 2 =10
r or YTM = 0.12 * 0.5 = 0.06
The formula to calculate the price of the bonds today is attached.
Bond Price = 27500 * [( 1 - (1+0.06)^-10) / 0.06] + 500000 / (1+0.06)^10
Bond Price = $481599.8724 rounded off to $481599.78
2.
Coupon Payment (C) = 500000 * 0.11 * 0.5 = 27500
Total periods (n)= 5 * 2 =10
r or YTM = 0.10 * 0.5 = 0.05
The formula to calculate the price of the bonds today is attached.
Bond Price = 27500 * [( 1 - (1+0.05)^-10) / 0.05] + 500000 / (1+0.05)^10
Bond Price = $519304.3373 rounded off to $519304.34
Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. What is this agreement called?
Answer:
Net listing.
Explanation:
In this scenario, Seller Patsy wants to net $150,000 from the sale of her home. She tells Broker Al that he can list the property for whatever price he wants and anything he gets above the $150,000 he can keep as his commission. This agreement is called net listing.
Net listing can be defined as an arrangement between a broker and a property owner, in which the owner of a property sets a minimum selling price at which the property would be sold while the any other amount above the minimum amount would be kept by the broker as commission.
Under a net listing, since the minimum selling price chosen by the owner of the property, Patsy is $150,000, assuming Broker Al sold the property for $200,000; he would pay Patsy the sum of $150,000 and keep the additional profit of $50,000 as his commission.
what term is used for the amount of time an activity can be delayed without delaying the early start date
Complete Question:
What term is used for the amount of time an activity can be delayed without delaying the early start date of any immediately following activities?
Answer:
Free slack.
Explanation:
Free slack is a term is used for the amount of time an activity can be delayed without delaying the early start date of any immediately following activities.
Generally, in the execution of a project, when a task is delayed it normally affects the start or finishing time of the other tasks (successors) in a project. The amount of time that is permitted for an activity to be delayed without delaying the early start date of any immediately following (succeeding) activities refers to the free slack or having an adverse effect on entire project.
A unit of an organization is referred to as an investment center if it has:
a. Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply
b. Responsibility for developing markets for and selling the output of the organization
c. Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply and significant control over the amount of invested capital
d. Authority to make decisions over the most significant costs of operations, including the power to choose the sources of supply
e. Authority to provide specialized support to other units within the organization
Answer:
c. Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply and significant control over the amount of invested capital.
Explanation:
A unit of an organization is referred to as an investment center if it has authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply and significant control over the amount of invested capital.
An investment center can be defined as a business unit (department) within a business firm, that is saddled with the responsibility of generating its own revenue, expenses (costs), and assets and is able to contribute directly to the firm's profitability based on all three factors.
Generally, an investment center has its own statement of cash-flow which typically comprises of a balance sheet and an income statement. An example of an investment center is the financing department of an airplane manufacturing company or a subsidiary company.
With respect to the consideration clause which of the following would be considered consideration on the part of the applicant for insurance?
a. notice of policy cancellation.
b. payment of prmium.
c. promise to renew the policy at the end of the policy.
d. providing warranties on the application.
Answer: b. payment of premium.
Explanation:
The Consideration clause is the condition set by the Insurance company for its coverage of a person. In other words, it is what the person is expected to do for the Insurance company to enable it to discharge its responsibilities of being able to cover a client.
In general, this is the payment of premiums along with the statements made by the applicant about themselves in the application to the insurance company.
If premiums continue being paid, the company will cover the person all else equal.
Suppose the supply and demand for a certain textbook are given by supply: demand: where p is the price and q is the quantity. Find the demand quantity and the supply quantity at a price of $. The number of books that are demanded at a price of $ is nothing and the number of books supplied at a price of $ is nothing. (Round to the nearest whole number as needed.) Enter your answer in each of the answer boxes.
Answer:
9 books4 booksExplanation:
1. With the given demand function, slot the price into the function to find the quantity;
p = - 1/3 q2 + 30
5 = - 1/3 q^2 + 30
1/3q^2 = 25
q^2 = 25/(1/3)
q^2 = 75
q = √75
= 8.66
= 9 books
2. p = 1/3 * q^2
5 = 1/3 * q^2
q^2 = 5/(1/3)
q^2 = 15
q = √15
q = 3.87
= 4 books
A customer owns 200 shares of ABC, purchased 2 years ago at $50 per share. The current market value of ABC stock is $60 per share. If the customer gifts the stock to a charity, the result is:
Answer:
A $,2,000 short term capital gain
Explanation:
Investors in shares and other securities speculate on the price of the securities they hold. When prices rose it is a good opportunity bro sell and make profit.
This gain is often larger than what they would make from dividend payments.
In this instance he sold shares at $60 each and bought them back at $50.
The gain on this transaction is
Gain = (200 * 60) - (200 * 50)
Gain = $2,000
This is a short term gain and a holding period is not established for this transaction
As the __________ substitute for low-skill labor becomes available, the demand curve for low-skill labor will shift to the left.
Answer:
technology
Explanation:
As technology begin to replace low skilled workers, the demand for low skilled labour begins to fall. A fall in demand results in a leftward shift of the demand curve
Something used to make payments for other goods and services as well as to measure their value is called
Answer:
Money
Explanation:
Money is anything that is generally acceptable as a medium of exchange, for payment of bills, for settlement of debt and for storing values as well. Major characteristics of money are durability, homogeneity, portability, denomination, recognizability etc
Who is responsible for verifying proof of delivery for all governmentwide commercial purchase card?
Answer:
Cardholder
Explanation:
The Government Purchase Card program/mission was setup in order to streamline payment process and help alleviate the administrative burden that lies in purchasing goods and services. It is a system which provides on the spot purchasing, receiving and payment authority for individuals.
In GPC, the cardholder is responsible for verifying card information and verifying proof of delivery.
The cardholder himself or herself is responsible in verifying the proof of delivery for all government-wide commercial purchase card, is the correct statement for the query above.
This project was launched by the Federal Government in the United States of America to make a uniform process and to ensure that all the transactions carried are included in the government database.
Under this program, the cardholder was given the ability to perform the transactions of buying and selling with such card whether online or at point of sales merchants.The scheme was introduced by the federal government in the United States of America with an intention to make a systematic program for archiving the user purchase and sales history.The proof of delivery was to be verified by the cardholder himself by the way of uploading the information on the government portal made for such purpose.Hence, the cardholder was himself for the delivery of all government wide commercial purchase card scheme.
To know more about Government purchase card, click the link below.
https://brainly.com/question/1968351
Blanchard talks about servant leadership, and Jim Collins talks about Level 5 executives. What do servant leaders and Level 5 executives have in common
Answer: Both types of leaders have humility as a core personal characteristic
Explanation:
Servant leadership is a form of leadership philosophy whereby the lender's main goal is to serve and the leaders are humble. Level 5 leaders are humble and incredibly ambitious.
Therefore, servant leaders and Level 5 executives have in common is that both types of leaders have humility as a core personal characteristic
Foxhound Corp reported net income of $720,000 for the year ended December 31, 2019. Foxhound had 100,000 common shares outstanding as of January 1st, 2019; 24,000 fully vested (as of 2013) stock options (each option allows for one common share at a $50 exercise price): Foxhound bought back 20,000 common shares on October 1st, 2019. The average market price of the shares throughout the year was $60 per share. Which of the following is the Basic EPS for Foxhound at the end of 2019? (Round to the nearest penny
A. $9.00
B. $7.58
C. $10.00
D. 7.30
Answer:
B. $7.58
Explanation:
earnings per share = (net income - preferred dividends) / weighted average of shares outstanding
shares outstanding:
January 1: 100,000 x 12/12 = 100,000
October 1: -20,000 x 3/12 = -5,000
weighted average = 95,000
EPS = $720,000 / 95,000 = $7.5789 =$7.58
Stock options are not included in the basic EPS calculation.
"A client of a sales representative who is based in New York moves to the State of Florida. The sales representative and his broker-dealer are registered in the State of New York, but not in the State of Florida. To solicit the customer's business in the State of Florida, the:"
Answer:
Both the sales representative and his broker-dealer must register in the state of Florida in order to legally solicit orders for any client living in that state. The client was originally living in New York, but once he/she moved to Florida, Florida's Uniform State Law requires that the sales representative and the broker dealer register with them. Once they are registered, they can solicit orders for this specific client and any other client that they might have in the state.