Answer:
MW Company
Activity rate for order process = $54,120/660
= $82 per order
Explanation:
a) Data and Calculations:
Production = 16,500 units
Direct labor = 19,800 hours
Machine hours = 21,450 hours
No. of orders = 660
No. of shipments = 165
Order-processing cost pool = $54,120
Shipping cost pool = $14,025
Assembly cost pool = $71,280
Activity rate for order process = $54,120/660
= $82 per order
b) MW Company uses an activity-based costing system to identify its activities into cost pools and assign the cost of each activity pool to the products and services according to their actual consumption of the activities. The activity-based costing technique provides a more accurate method for determining the costs of products and services. As a more accurate method for pricing decisions than other traditional methods, activity-based costing technique increases management's understanding of overheads and cost drivers and makes activities that are costly and non-value adding to become more visible, allowing managers to reduce or eliminate them, because these activities add costs to the production system.
If the midwest experiences a severe drought that damages the corn crops, we should expect the:_________.
A) Supply of corn will increase and the price of corn will fall
B) Supply of corn will decrease and the price of corn will rise
C) Demand curve for corn will decrease and the price of corn will fall
D) Demand curve for corn will increase and the price of corn will rise
Answer:
B) The Supply of corn will decrease and the price of corn will rise.
Explanation:
Option B is correct because the drought has damaged the corn crops. Therefore, this will affect the supply of corn in the market. Moreover, the damage of corn crops will shift the supply curve leftwards and this shift in the supply curve will push the prices upwards. Thus, the damage of corn crops will increase the prices due to a decrease in its supply.
Answer:
Its B
Explanation:
The cash flow statement categorizes like transactions for optimal reporting. Identify each of the following transactions as one of the following:
• Operating activity (0) • Investing activity (I)
• Financing activity (F)
• Non-cash investing and financing activity (NIF)
• Transaction that is not reported on the statement of cash flows (N)
For each cash flow, indicate whether the item increases (+) or decreases (-) cash. The indirect method is used to report cash flows from operating activities.
a. Loss on sale of land. i. Cash sale of land.
b. Acquisition of equipment by issuance of note payable.
c. Issuance of long-term note payable to borrow cash.
d. Payment of long-term debt.
e. Depreciation.
f. Acquisition of building by issuance of common stock.
g. Purchase of treasury stock.
h. Increase in Salaries Payable.
i. Issuance of common stock.
j. Decrease in Merchandise Inventory.
k. Increase in Accounts Payable.
l. Increase in Prepaid Expenses.
m. Net income.
n. Decrease in Accrued Liabilities.
o. Payment of cash dividend.
Answer:
a. Operating activity (0) , decreases (-) and Investing activity (I), increases (+)
b. Non-cash investing and financing activity (NIF)
c. Financing activity (F), increases (+)
d. Financing activity (F), decreases (-)
e. Operating activity (0), increases (+)
f. Non-cash investing and financing activity (NIF)
g. Financing activity (F), decreases (-)
h. Operating activity (0), increases (+)
i. Financing activity (F), increases (+)
j. Operating activity (0), increases (+)
k. Operating activity (0), increases (+)
l. Operating activity (0), decreases (-)
m. Operating activity (0), increases (
n. Operating activity (0), decreases (-)
o. Financing activity (F), decreases (-)
Explanation:
The Indirect method reconciles the Operating profit to Operating Cash Flow by adjusting the Operating Profit with (1) Non Cash Items previously added or deducted from Operating Profit and (2) Changes in Working Capital items.
The Operating Activities - Shows cash flows resulting from ordinary course of trading
The Investing Activities - Shows cash flows resulting from sale or acquisition of items of Property, Plant and Equipment.
The Financing Activities - Shows Cash flows resulting from sources of funding and the repayment of debt capital.
The cash flow statement is the type of financial statement being used by the investors and managers who take various decisions for investment or for the budgeting of a new project.
It is prepared either by direct or indirect method.
The cash flow statement by the indirect method segregates the business activities into three categories:
The operating activity: it records the net income incurred in the particular year and also the adjustments to the net income and changes in the working capital of the business.The financing activity: it records the changes in the financial position of the business such as due to dividend, common stock, and shares.The investing activity: it records the changes in the value of fixed assets of the company such as sale and purchase of land or building.For each transaction, the cash flow activities will be affected as shown in the image attached below.
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Which of the following would not be considered a plant asset? Multiple Choice Land. Machinery and equipment.
Answer: None of the above
Explanation:
Plant assets are those assets that a business uses in its operations and that are expected to have a useful life of more than a year. Plant assets are also called Fixed assets.
Land, machinery and equipment are all plant assets as they have a useful life of more than a year and are used in the operations of the business.
Which type of a person demonstrates trustworthiness?
a person who always acts according to principles
a person who always does what is right
a person who always speak the truth
a person on whom you can rely
Answer:
a person on whom you can rely
Explanation:
it's the correct answer
Answer: a person on whom you can rely
Explanation:
Got it right
As a result of several factors, aggregate demand decreased during the Great Depression. One factor would be:
Answer: decrease in expected income
Explanation:
The Great Depression began due to the crash of the stock market in 1929 which caused fear and millions of investors lost their businesses.
This led to the reduction in consumer spending. Also, there was a reduction in investment which caused industrial output decline and decrease in employment opportunities.
A company had net cash flows from operations of $123,000, cash flows from financing of $336,000, total cash flows of $503,000, and average total assets of $7,350,000. The cash flow on total assets ratio equals:______.
a. 22.0%.
b. 7.0%.
c. 4.5%.
d. 14.3%.
e. 154.0%.
Answer:
Cash flow on total assets ratio = 1.67% (Approx)
Explanation:
Given:
Cash flows from operations = $123,000
Cash flows from financing = $336,000
Total cash flows = $503,000
Average total assets = $7,350,000
Find:
Cash flow on total assets ratio
Computation:
Cash flow on total assets ratio = [Cash flows from operations / Average total assets]100
Cash flow on total assets ratio = [$123,000 / $7,350,000]100
Cash flow on total assets ratio = 1.67% (Approx)
Nora is interested in a career in human resource management. She expected her first job to focus on giving employees access to information and enrollment forms for training, benefits, and other programs. However, she has since learned that HR employees spend less time doing that kind of work. Which trend is behind that change
Answer:
employees can now get such information through self-service
Explanation:
The trend behind this change is that, employees can now get such information through self-service. Human resource Employees spend less time doing such work now because such information is readily available on the internet and can be accessed by any employee at anytime that they want to do so on their own.
Frank is a board member at Lofloy Greens Inc.,a publicly traded company.In addition to his duties on the board,Frank is also a full-time employee as a senior manager at Spinson Locomotives Inc.Which of the following is most likely to be true of Frank?
A) Frank is a part-time employee at Lofloy Greens.
B) Frank cannot serve as a director on Spinson Locomotives' board.
C) Frank is an outside director on Lofloy's board of directors.
D) Frank is a stockholder of Lofloy Greens.
Answer: C) Frank is an outside director on Lofloy's board of directors.
Explanation:
As Frank has a full time employment position as a senior manager at Spinson Locomotives, he is most likely an outside director on Lofloy's board of directors.
Outside directors are those members of the board in a company that are not employed by the company which Frank isn't.
Outside directors like Frank are thought to be more impartial in decision making and for this reason companies are usually required to have a certain number of them sitting on the board.
in which form of business ro the members of an organization own and control its activities
Answer: Partnership is the form of business in which the members of the organization owns and control its activities. They directly oversee the operations of the business and has direct involvement towards the day to day activities of the business.
Explanation:
What is the estimated change in performance resulting from a $10/week increase in allowance?
Answer:
2
Explanation:
According to the given situation, the computation of estimated change in performance is shown below:-
Estimate change in performance = Performance × Increase in allowance Per week
Now, we will put the values into the above formula that is
= 0.2 × 10
= 2
Therefore for computing the estimated change in performance we simply applied the above formula.
Hence, the correct answer is 2
A 20 percent decrease in the price of breakfast cereal leads to a 30 percent increase in the quantity of cereal demanded. As a result:_________A. total revenue will decrease. B. total revenue will increase. C. total revenue will remain constant. D. the elasticity of demand will increase
Answer:
B
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
Price elasticity = 30% / 20% = 1.5
Demand is elastic. If price is reduced, the quantity demanded would increase and total revenue would increase
As a result of the quantity demanded increasing at a higher rate than the fall in price, the result would be B. total revenue will increase.
When a price decrease is such that the percentage it decreased by is less than the percentage the quantity demanded increased by, the total revenue will increase.
For instance:
Assume a company is selling 10 units of a product for $1. Total revenue:
= 10 x 1
= $10
If price decreases by 20% and quantity demanded increases by 30%, the company would be selling 13 units at $0.80:
= 13 x 0.80
= $10.40
Total revenue has increased.
In conclusion, this scenario would lead to an increase in total revenue.
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If an investor who has owned FLB stock for two years buys 1 FLB Oct put, this will:________.a. end the holding period and cause any loss to be long term and any gain to be short term.b. end the holding period and cause any gain or loss to be long term. c. have no effect on the holding period.d. end the holding period and cause any gain or loss to be short term.
Answer: have no effect on the holding period.
Explanation:
If an investor who has owned FLB stock for two years buys 1 FLB Oct put, this will have no effect on the holding period.
This is because the stick was already held long term by the investor when the put was gotten, therefore there will be no impact on the holding period.
What is the difference between an economic want and a noneconomic want?
Answer:
The right one
Explanation:
The right one
Jenna holds a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. The portfolio's beta is 1.12. Jenna plans to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.80. What will the portfolio's new beta be?
A) 1.286.
B) 1.255.
C) 1.224.
D) 1.194.
E) 1.165.
Answer:
E) 1.165
Explanation:
none :)
$1.165 will the portfolio's new beta be. Hence, As Jenna holds a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. Hence, option E is correct.
What is portfolio?a grouping of illustrations, papers, etc. that exhibits someone's work, notably that of an artist: She is working to compile a portfolio of her accomplishments for employment interviews.
According to the definition of a portfolio, it is a collection of various assets that investors own. The aforementioned group of financial assets could also include valuable items like gold, equities, funds, derivatives, real estate, cash equivalents, bonds, etc.
A portfolio is a collection of a person's photographs or images of samples of their work that they use to submit applications for jobs or contests.
A portfolio is a collection of work that a learner has created, maintained, and developed. Portfolios may include details on the learner, their experiences learning, and samples of their work.
Thus, option E is correct.
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g Compare and contrast a four Ps approach to marketing versus the value approach (creating, communicating, delivering and exchanging value). What would you expect to be the same and what would you expect to be different between two companies that apply one versus the other approach?
Answer:
The 4Ps are Product, Pricing, Promotion, Place.
Explanation:
Thinking about it carefully, one would note that there is really nothing to contrast between the value approach which is Creating, Communicating, Delivering and Exchanging Value.
Let's make the comparisons:
Products and Services are Created. It's impossible to have a product or service that is not created.The inherent quality of a Utility or Product or Service is that they are value which is Created. So in describing the marketing approach, one can use both interchangeably.
Pricing vs Exchanging ValueAgain there is a parallel here. Price is the value you have put on your product or service. Without price, it's difficult to exchange value. Again in the marketing process/approach, it's difficult to separate the two. In both approaches, pricing and Exchanging Value as steps in the marketing approach can be used interchangeably.
Communicating vs PromotionThis is also another parallel. Promotion is simply another way to communicate the value of your product. Both are really not different.
Delivering Value vs PlacePlace under the 4 Ps approach speaks to the location where the product is delivered. Again it's clear to see that both cannot be separated.
In conclusion, assuming all factors are the same and held constant between two companies A and B, if company A follows the 4Ps approach and company B follows the Value approach, they are most likely to arrive at the same results.
Cheers!
3. Assuming the same sales mix, at what total sales level would Pure Water be indifferent between using the old equipment and buying the new production equipment
Answer:
The question is not complete. I want to assume the correct question is this:
Crystal Clear Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher cume filter that only purifies water meant for drinking. The unit that attaches to the faucet is sold for $90 and has variable costs of $25. The pitcher-cume-filter sells for $110 and has variable costs of $20. Crystal Clear sells two faucet models for every three pitchers sold. Fixed costs equal $1,200,000.
Assuming the same sales mix, at what total sales level would Crystal Clear be indifferent between using the old equipment and buying the new production equipment? If total sales are expected to be 24,000 units, should Crystal Clear buy the new production equipment?
Explanation:
Let b be the total sales volume at which the company's indifference is based
Let the average contribution in the old system be $80
The profit will be 80b - 1200000
Let the average contribution in the new syste, be $88
The profit will be 88b - 1408000
Now let us equate the two average contributions to get:
80b - 1200000 = 88b - 1408000
Let us find b,
88b - 80b -1408000 = -1200000
8b = -1200000 + 1408000
8b = 208000
b = 208000 / 8 = 26000 units
If total sales are expected to be 24,000 units, and the total sales volume at which the company's indifference is based 26,000 units, therefore Crystal Clear should not buy the new production equipment.
A "sinking fund call" is a(n): A mandatory call B extraordinary mandatory call C optional call D extraordinary optional call
Answer:
A
Explanation:
A sinking fund call is a provision that allows a bond issuer the opportunity to buy outstanding bonds from bondholders at a predetermined rate, using money known as a sinking fund from the issuer's earnings saved specifically for security buybacks. Sinking fund calls are mandatory
Mandatory redemption is a call provision that requires an issuer to redeem bonds before their stated maturity date
If total output in an economy is $600,000 and the total work-hours in the economy are 40,000, labor productivity is:
Answer:
$15 per hour
Explanation:
Labor productivity is defined as the number of goods and services produced by workers in an organization at a given point in time.
The formular for labor productivity is
= Output ÷ total work hour
= $600,000 ÷ 40,000
= $15
Therefore, labor productivity is $15 per hour
Just then Calvin, the fit CEO, comes jogging into the room with a water bottle in hand. He spots the donuts and shows his disgust.) Calvin: Why do people inflict such nasty, sugar-coated poison on all of us?! A healthy workplace is a happy workplace. (He takes both boxes of donuts, puts them in a small, dirty, battered trash can and steps on them to squash them down, making them suddenly inedible. He smiles at everyone as if they all agree that he has done them a great service.) That's my job as CEO, to help everyone realize a long and happy life! Cheers! (He runs from the room as everyone looks on in stunned silence. After a couple of seconds Bob collapses on the floor next to the garbage can, looking at the destroyed donuts as if they were a long-lost love.)A. Legal realism school of thought.B. Sociological school of thought.C. Command school of thought.D. Law and economics school of thought.
Answer: C. Command school of thought.
Explanation:
The Command School of thought reflects the perspective that rules and laws were simply made by the elite and ruling class to control the rest of society.
This can be seen as Calvin who is the CEO and therefore in the ruling class, imposed his rules of not eating "sugar-coated poison" in the workplace on Bob as well as the rest of the employees who can be considered as non-elite members of the company/society.
He essentially made a rule and expected everyone to follow it thereby giving credence to the Command school of thought.
URGENT!!!!!URGENT!!!!!! Antonio's checking account currently has a negative balance of −$42.17. Yesterday he made purchases of $3.75 and $12.07. If Antonio's bank charges $34 for overdraft protection, what was his account balance prior to yesterday's transactions?
Answer:
7.65
Explanation:
-42.17-(3.75+12.07+34)= Your Answer
Shari discussed her income statement with you and described her report as reporting what the company owes, what it owns, and her shareholder stake at the last day of the prior month. This statement is an income statement.
Answer:
False. Her report is the Balance Sheet and not the income statement.
Explanation:
Shari's balance sheet details what the company owes (liabilities), what it owns (Assets), and the shareholder stake (Shareholder's Equity) or what she has contributed to the business in form of cash, assets, or retained earnings. The income statement is where the profit performance of the business is determined with revenue over costs and expenses.
If you reviewing an Energy Company such as Exxon, which of the following metrics is least relevant? A) Oil Rig Count B) Realized Price per Barrel C) Oil Production (BBL/Day) D) Shipping Containers Handled
Answer:
B) Realized Price per Barrel
Explanation:
This is because, the realized Price per Barrel is not a fixed index or metrics for Exxon but is a variable index subject to external factors which led to its fluctuation. It would not be able to give a clearer picture of the energy company hence the reason it is least relevant during reviewing.
Machine A costs $9,500 and has an annual operating cost of $5,500. Machine B costs $8,000 and has an annual operating cost of $5. What is the annual rate of return the additional investment in machine A?
Complete Question:
Machine A costs $9,500 and has an annual operating cost of $5,500. Machine B costs $8,000 and has an annual operating cost of $5,800. Each machine has an economic life of 8 years. What is the annual rate of return the additional investment in machine A?
Answer:
IRR is 11.81%
Explanation:
We have to find the annual rate of return on the additional investment in machine A. The additional investment can also be termed as incremental investment which is $1,500 ($9,500 - $8,000). Furthermore, the additional cost savings of operating machine A is $300 ($5,500 - $5,800). And this cost savings will be during the life span of the machine A.
Now
We can compute IRR, by using Excel as under:
The time value of money focuses on: Group of answer choices Cash flow Earnings per share Net income All of the above
Answer: cash flow
Explanation:
The time value of money is simply the idea that the money that an individual has now is worth more due to the potential earning capacity it has than giving an individual the exact amount in the future. The basic idea here is that since money can earn interest, money gotten today is worth more.
It should be noted that the time value of money actually focuses on cash flow and not warnings per share or Net Income.
All else constant, what would Chester’s SG&A/Sales ratio be if the company had spent an additional $1,500,000 for Crimp’s promotional budget and $750,000 for Crimp’s sales budget? Select: 1Save Answer 10.7% 9.2% 12.8% 12.2%
Answer: 11.7%
Explanation:
The current Selling, General and Administrative Expenses are the Promotions, Sales, Admin and R&D costs.
If the company spent an additional $1,500,000 for promotion and $500,000 for sales the total would be;
= 1,500 + 500 + 2,824 + 5,200 + 6,000 + 1,404
= $17,678,000
The SG&A/Sales ratio is;
= 17,678,000/ 151,411,000
= 0.116755
= 11.7%
Chester’s SG&A/Sales ratio be 11.7% in the case when the company had spent an additional $1,500,000 for Crimp’s promotional budget is 11.7%.
Calculation of the SG&A/Sales ratio :
First the cost is
= 1,500 + 500 + 2,824 + 5,200 + 6,000 + 1,404
= $17,678,000
Now
The SG&A/Sales ratio is;
= 17,678,000/ 151,411,000
= 0.116755
= 11.7%
hence, we can conclude that Chester’s SG&A/Sales ratio be 11.7% in the case when the company had spent an additional $1,500,000 for Crimp’s promotional budget is 11.7%.
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Delineate and describe the difference between measuring human performance and task completion.
Answera and Explanation:
Measuring human performance and task completion differ by degree of complexity and what is generally considered in measurement. in measuring human performance, there is broader perspective and metrics such as task completion, work ethics of employee, employee's overall contribution to organizations success is considered. In the case of task completion, the employees are assigned tasks and are given deadlines to complete them. Tasks are measures by systems put in place to measure employees task completion. Tasks completions begin and end with tasks and nothing more. Human performance spans the broad performance of the employee as it concerns organizations goals and objectives and therefore supersedes just task completion
The distribution of stock rights to existing common stockholders will increase paid-in capital at the
Answer:
Date of issuance of rights - No
Date of exercise of the rights - Yes
Explanation:
The distribution of stock rights to existing common stockholders will increase paid-in capital at the date of exercise of the rights.
Actually, Paid in capital increases whenever funds are received. This means on the day the rights are exercised and not when the rights are issued.
assume that the risk-free rate is 4.5 and the market risk premium is 8.5 what is the companys return using
Answer: 17.25%
Explanation:
Question is incomplete but given the variables involved, the company's return can be calculated by using the Capital Asset Pricing Model the formula of which is;
Required return = Risk free rate + beta ( market risk premium)
Lets assume a beta of 1.5 ( you'll use your beta).
Required return = 4.5% + 1.5 * 8.5%
= 17.25%
"3. For this question only, assume that on January 2, 2018, Pops, Inc. acquired 192,000 shares of Son Corp. at a cost of $10 per share. At what amount should the Investment in Son be reported on Pops’ December 31, 2018 balance sheet?"
Answer:
The investment in Son Corp. should be reported on Pops' December 31, 2018 balance sheet at $1,920,000 ($10 * 192,000).
Explanation:
There is no indication that the fair price of the shares of Son Corp. has changed from its original cost of $10. Therefore, the investment in Son Corp. can only be reported on the balance sheet of Pops' at the cost price on acquisition. But, assuming that the price has fluctuated over the period, the investment would have been valued at the current market price multiplied by the number of shares.
Economic value added (EVA) is A) the difference between the return on assets and the opportunity cost of capital times the capital base. B) ROA × ROE. C) a measure of the firm's abnormal return. D) largest for high-growth firms.
Answer: A) the difference between the return on assets and the opportunity cost of capital times the capital base.
Explanation:
The Economic Value Added (EVA) is a metric that is used to find out the economic profit that a company has made.
It is calculated by subtracting the return on assets from the opportunity cost of capital and then adjusting it by the capital base which means that it essentially shows much more the company made than it was required to make based on the capital it invested.
If the figure is positive it means the company mad more than expected which is economic profit. The reverse holds true.