Answer:
Nautical1. Journal Entries:
March 1:
Debit Cash Account $35,100
Credit Common Stock $35,100
To record the issue of 2,700 shares of common stock for $13 per share.
April 1:
Debit Cash Account $6,475
Credit Preferred STock $6,475
To record the issue of 175 shares of preferred stock for $37 per share.
June 1:
Debit Dividends $2,280
Credit Dividends Payable $2,280
To record dividends of $0.40 per share to all stockholders of record.
June 30:
Debit Dividends Payable $2,280
Credit Cash Account $2,280
To record the payment of cash dividends.
August 1:
Debit Treasury Stock $1,750
Credit Cash Account $1,750
To record the repurchase of 175 shares of common stock for $10 per share.
October 1:
Debit Cash Account $1,500
Credit Treasury Stock Account $1,500
To record the reissue of 125 shares of treasury stock for $12 per share.
2. Selection of whether each of these transactions would increase (+), decrease (?), on total assets, total liabilities, and total stockholders' equity:
Transaction Assets Liabilities Stockholders
Total Total Total Equity
Issue common stock $35,100 +$35,100 +$35,000
Issue preferred stock $6,475 +$6,475 +$6,475
Declare cash dividends $2,280 +$2,280 ?$2,280
Pay cash dividends $2,280 ?$2,280 ?$2,280
Repurchase treasury stock $1,750 ?$1,750 ?$1,750
Reissue treasury stock $1,500 +$1,500 +$1,500
Explanation:
a) Data and Calculations:
Authorized share capital:
$10 par preferred
$1 par value common
Issued, beginning of 2015:
Preferred = 125 shares
Common = 2,700 shares
b) The issue of 2,700 additional shares of common stock for $13 per share totalled $35,100. This amount is credited to the Common Stock and the receipt of cash debited to the Cash Account. The same is applicable with respect to the 175 additional shares issued at $37 per share.
c) When a cash dividend is declared, the stockholders of record on the record date of June 15 are noted, since they are the only ones that will participate in the dividends. The accounting records are debit to the dividend account and a credit to the Dividends Payable account, establishing the liability. The payment for the declared dividend is recorded with a debit to the Dividends Payable account to close the liability and a credit to the Cash Account.
d) Treasury stock is a stock of common stock repurchased by the company. The issue and reissue of treasury stock are treated in the treasury stock account if the costing method is used, otherwise, the par-value method would be operational.
tổ chức kiểm toán nội bộ cho hoạt động quản lý hàng tồn kho
Answer:
Hmmmmmmmm its động
Explanation:
Yw
Answer:
I don’t know
Explanation:
At the end of the current accounting period, account balances were as follows: Cash, $26,000; Accounts Receivable, $42,000; Common Stock, $18,000; Retained Earnings, $12,000. Liabilities for the period were:
Answer: Liabilities =$38,000
Explanation: An asset whether tangible or intangible is a source of value to a company examples are Cash, investments, accounts receivables etc
Liabilities are referred to the debts owed to a company or buisness at a particular period eg bank debts, tax owed, wages owed etc.
Equity is the measure of value of a company"s asset eg Common stock, retained earnings, , preferred stock etc.
The three above are related using the equation below
Assets = Liabilities + Equity.
Total Liabilities = Assets - Equity
Total asset = Cash + Account receivables = 26,000+42,000=68,000
Total equity = Common stock + retained earnings = 18,000+12000=30,000
Total liabilities =Total asset -total equity
= 68,000-30,000
= $38,000
Johnson & Coleman has created a new line of premium quality writing desks. The company marketed the product by highlighting its durability and functionality. According to the VALS™ framework, to which of the following psychographic groups would the writing desk appeal the most?A. AchieversB. StriversC. ExperiencersD. Thinkers
Answer:
I believe the answer is d
Explanation:
Fredo, Inc., purchased 10% of Sonny Enterprises for $1,000,000 on January 1, 2018. Sonny recognized a total of $340,000 net income during 2018, paid $24,000 of dividends to Fredo during 2018, and at December 31, 2018, the market value of the Sonny investment increased to $1,034,000. Required: Prepare the journal entries necessary to account for the Sonny investment, assuming that Fredo (1) lacks significant influence or (2) has significant influence over the operating and financial policies of the investee.
Required 1
Record the entry for investment in Sonny Enterprises.
Record the entry for cash dividend received.
Record the net unrealized holding gain or loss for an available-for-sale investment.
Required 2:
Record the entry for investment in Sonny Enterprises.
Record the revenue from Sonny Enterprise during 2018.
Record the receipt of dividend during 2018.
Answer and Explanation:
The Journal entry is shown below:-
As per requirement 1
1. Investment in Sonny Enterprises Dr, $1,000,000
To Cash $1,000,000
(Being investment is recorded)
2. Cash Dr, $24,000
To Dividend revenue $24,000
(Being cash dividend received is recorded)
3. Fair value adjustment Dr, $34,000
To Unrealized holding gain or loss - OCI $34,000
(Being investment at fair value is recorded)
As per requirement 2
1. Investment in Sonny Enterprises Dr, $1,000,000
To Cash $1,000,000
(Being investment is recorded)
2. Investment in Sonny Enterprises Dr, $34,000
To Investment Income $34,000 ($340,000 × 10%)
(Being revenue from Sonny is recorded)
3. Cash Dr, $24,000
To Investment in Sonny Enterprises $24,000
(Being the receipt of dividend is recorded)
A financial advisor informs a client that the expected return on a portfolio is 8% with a standard deviation of 12%. There is a 25% chance the return will be negative and a 15% chance that the return would be above 16%. Does her assessment follow a normal distribution? Calculate the probabilities for a normal distribution and compare.
Answer:
A) The assessment does not follow a normal distribution
B ) P(r<0) = 0.2546 ( from standard normal table ), P( r > 0.16 ) ≠ 0.15
Explanation:
Expected return on portfolio E (r) = 8%
Standard deviation (STD) = 12%
chances of Negative return P(r < 0 ) = 25%
calculate the probabilities for a normal distribution
E (r) = 0.08 , STD = 0.12, P(r < 0 ) = 0.25
P( r > 0.16 ) = 0.15
calculating the value of the probability P(r < 0 )
P(r < 0 ) = P [tex](Z < \frac{0-E(r)}{STD} )[/tex]
= P ( Z < [tex]\frac{0-0.08}{0.12}[/tex] )
= P ( Z < - 0.667 )
P(r<0) = 0.2546 ( from standard normal table )
calculating the value of the probability P( r > 0.16 )
P( r > 0.16 ) = [tex]P ( Z > \frac{0.16- E(r)}{STD})[/tex]
= P ( Z > [tex]\frac{0.16-0.08}{0.12}[/tex] )
= P ( Z > 0.667 )
to compare if p(r>0.16 ) is = 0.15
P(R > 0.16 ) = 1 - P ( Z < 0.667 )
= 1 - 0.7454 ( value from standard normal table )
= 0.2546
hence P( r > 0.16 ) ≠ 0.15
The assessment does not follow a normal distribution
An invoice of $600 for merchandise purchased is showing 3/15, n/30 as terms of credit. If the invoice is paid on or before the fifteenth day after the invoice date, the amount to be paid is ________.
Answer:
Amount Payable or paid = $582
Explanation:
The terms of purchase state that the buyer will be entitled to a 3% cash discount if the payment for the purchases is made within 15 days of the purchase or invoice date.
Thus, if the payment is made on or within the fifteen days of invoice date, the cash discount that will be received is,
Discount = 600 * 0.03 = $18
So, the amount that will be payable for the merchandise will be,
Amount Payable or paid = 600 - 18 = $582
What is the required monthly payment on a $350,000 mortgage? Assume a standard mortgage (360 months) with monthly payments. Use a nominal rate of 6.90%.
Answer:
EMI = $2,305
Explanation:
We can calculate Monthly payment on a $350,000 mortgage by using following formula of equated monthly installments. You just need to collect the data to input in the formula for further calculation.
Data
Principal amount = $350,000
Rate = 6.90% = 6.90%/12months = 0.00575
number pf periods = 360 months
Formula
EMI = [[tex]\frac{[P x R x (1+R)^{n} }{(1+R)^{n-1} }[/tex]]
P = Principal amount
R = Rate
n = number pf periods
Solution
EMI =[tex]\frac{[350,000 x0.00575 x ((1+0.00575)^{360-1}) ]}{1+0.00575)^{360-1}}[/tex]
EMI = $2,305
Suppose that Dunkin Donuts reduces the price of its regular coffee from $2 to $1 per cup, and as a result, the quantity sold per day increased from 10 to 40. Over this price range, the price elasticity of demand for Dunkin Donuts’ regular coffee is:
Answer:price elasticity of demand for Dunkin Donuts’ regular coffee is 1.8
Explanation: Using the midpoint formnulae
Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.
Percentage change in quantity = new quantity - old quantity / (new quantity + old quantity)/2 x 100
= 40-10/(40+10)/ 2 = 30 /25 = 1.2 x 100 =120%
Percentage change in price = new price - old price / new price + old price)/2 x 100
= 1- 2 / (1+2)/2= -1/1.5x 100 = -66.67 %
Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.
= 120%/-66.67%= -1.79 = -1.8
For Price elasticity of demand, the sign is not included and the basis for elasticity is on the value itself . here we can conclude that the Price elasticity of demand for Dunkin donut is 1.8 and elastic because a fall in price led to an increase in amount being sold.
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 34,000 36,000 27,000 32,000 The company’s variable selling and administrative expense per unit is $3.30. Fixed selling and administrative expenses include advertising expenses of $11,000 per quarter, executive salaries of $53,000 per quarter, and depreciation of $33,000 per quarter. In addition, the company will make insurance payments of $4,000 in the first quarter and $4,000 in the third quarter. Finally, property taxes of $7,200 will be paid in the second quarter. Required: Prepare the company’s selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.)
Answer and Explanation:
The preparation of company’s selling and administrative expense budget for the upcoming fiscal year is shown below:-
Weller Company
Selling and Administrative Expense Budget
Particulars 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
Budgeted Unit
Sales a 34,000 36,000 27,000 32,000 129,000
Variable Selling and Administrative Expense
Per Unit $3.3 $3.3 $3.3 $3.3 $3.3
Variable Selling and Administrative
Expense (a × b) $112,200 $118,800 $89,100 $105,600 $425,700
Fixed Selling and Administrative Expense
Advertising $11,000 $11,000 $11,000 $11,000 $44,000
Executive
Salaries $53,000 $53,000 $53,000 $53,000 $212,000
Insurance $4,000 0 $4,000 0 $8,000
Property Taxes 0 $7,200 0 0 $7,200
Depreciation $33,000 $33,000 $33,000 $33,000 $132,000
Total Fixed Selling and Administrative
Expense $101,000 $104,200 $101,000 $97,000 $403,200
Total Selling and Administrative
Expense $213,200 $223,000 $190,100 $202,600 $828,900
Less:
Depreciation $33,000 $33,000 $33,000 $33,000 $132,000
Cash Paid for Selling and
Administrative
Expenses $180,200 $190,000 $157,100 $169,600 $696,900
Entity A supplies planed timber, paint, varnish, springs, upholstery, and cushioning to Entity B, which produces a ready to use furniture. Entity C is the marketing department of Entity B. In this context, ______.
Answer:
A is an upstream supply chain member while C is the downstream chain member
Explanation:
There are two portions of the supply i.e downstream and upstream. In the upstream it reflects the suppliers of the organization and its process for managing the relation
While on the other hand the downstream reflects the process for distribution and delivery of products to the customers T
Therefore in the given case, Entity A is upstream while the Entity C is downstream
The price of a stock at the end of each of the past three years has been $14, $12, and $11 with $11 being the latest price. The stock pays an annual dividend of $1 per share. What is the average annual capital gain for the past two years
Answer: 11.31%
Explanation:
From the question, we are informed that the price of a stock at the end of each of the past three years has been $14, $12, and $11 with $11 being the latest price and that the stock pays an annual dividend of $1 per share.
The average annual capital gain for the past two years will be:
= (-$2/$14) + ($-1/$12)/2
= 11.31%
A customer redeems 1,000 shares of ABC Fund on Wednesday, June 14th. Under the provisions of the Investment Company Act of 1940, the customer must be paid the money no later than:
Answer:
Wednesday, June 21st
Explanation:
In this scenario, since the customer redeemed the shares on Wednesday, June 14th then he must be paid before Wednesday, June 21st. This is 7 days after the redemption. According to section 22 article (e) of the Investment Company Act of 1940, all companies are prevented from postponing the date of payment for more than seven days as stated below.
(e) No registered investment company shall suspend the right
of redemption, or postpone the date of payment or satisfaction upon
redemption of any redeemable security in accordance with its terms
for more than seven days after the tender of such security to the
company or its agent designated for that purpose for redemption
A company's board of directors votes to declare a cash dividend of $1.20 per share of common stock. The company has 24,000 shares authorized, 19,000 issued, and 18,500 shares outstanding. The total amount of the cash dividend is:
Answer:
$22,200
Explanation:
Shares is a method through which firms raise capital.
Authorised shares are the maximum number of shares a company can issue to investors
Outstanding shares are the total number of shares sold to investors . It is only outstanding shares that receive dividend payment.
Issued shares are the shares that a company issues
cash dividend = $1.20 x 18,500 = $22,200
Gabriel Industries stock has a beta of 1.12. The company just paid a dividend of $1.15, and the dividends are expected to grow at 4 percent. The expected return on the market is 11.4 percent, and Treasury bills are yielding 3.8 percent. The most recent stock price is $85. (a) Calculate the cost of equity using the dividend growth model method. (b) Calculate the cost of equity using the SML method. (c) Why do you think your estimates in (a) and (b) are so different?
Answer and Explanation:
a. The computation of cost of equity using the dividend growth model method is shown below:-
Expected Dividend = Current dividend × (1 + Growth rate)
= $1.15 × (1.04)
= $1.196
Current Stock Price = $85
Cost of Equity = (Expected dividend ÷ Current stock price) + growth rate
= (1.196 ÷ 85) + 0.04
= 0.05407
or
= 5.41 %
b. The computation of cost of equity using the SML method is shown below:-
Using CAPM, Cost of Equity = Risk free rate + Stock beta × (Market return - Risk free rate)
= 3.8 + 1.12 × (11.4 - 3.8)
= 12.31%
c. Since there are two different methods like SML and dividend growth model for determining the cost of equity so the estimates are so different
The credit terms 2/10, n/30 are interpreted as: Multiple Choice 2% cash discount if the amount is paid within 10 days, or the balance due in 30 days. 30% discount if paid within 2 days. 2% discount if paid within 30 days. 30% discount if paid within 10 days. 10% cash discount if the amount is paid within 2 days, or the balance due in 30 days.
Answer:
The credit terms 2/10, n/30 are interpreted as:
2% cash discount if the amount is paid within 10 days, or the balance due in 30 days.Explanation:
I will explain using an example:
On January 2, the company sells $1,000 worth of goods with credit terms 2/10, n/30.
January 2
Dr Accounts receivable 1,000
Cr Sales revenue
If the client pays within the discount period:
January 11
Dr Cash 980
Dr Sales discounts 20
Cr Accounts receivable 1,000
If the client pays after the discount period but before 30 days:
January 31
Dr Cash 1,000
Cr Accounts receivable 1,000
The credit terms 2/10, and n/30 are interpreted as a 2% cash discount if the amount is paid within 10 days, or the balance is due in 30 days. Thus, option A is the correct option.
Trade credits like 2/10 net 30 are frequently provided by suppliers to purchasers. It stands for an agreement that if payment is made within 10 days, the buyer would get a 2% reduction on the net invoice amount. Otherwise, you have 30 days to pay the entire invoice amount.
It's a common way to express an early payment discount. In accounting, the discount amount and the window of availability are typically represented using a formula like 2/10, n/30. This implies that if the invoice is paid in full within ten days, a 2% reduction is applied; otherwise, the full amount is owed.
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A project will reduce costs by $38,500 but increase depreciation by $18,300. What is the operating cash flow if the tax rate is 35 percent?
Answer:
$31,430
Explanation:
A project will reduce costs by $38,500
The project will have an increased depreciation of $18,300
The tax rate is 35%
= 35/100
= 0.35
Therefore, the operating cash flow can be calculated as follows
Operating cash flow= reduction in project cost×(1-tax rate)+(increase in the depreciation amount ×tax rate)
= $38,500×(1-0.35)+($18,300×0.35)
= $38,500×0.65+6,405
= $25,025+$6,405
= $31,430
Hence the operating cash flow is $31,430
[The following information applies to the questions displayed below.] On April 1, 2016, Cyclone's Backhoe Co. purchases a trencher for $318,000. The machine is expected to last five years and have a salvage value of $59,000. Compute depreciation expense for both years ending December 2016 and 2017 assuming the company uses the double-declining-balance method. (Enter all amounts positive values.)
Answer:
2016= Annual depreciation= $77,700
2017= Annual depreciation= $75,620
Explanation:
Giving the following information:
Purchase price= $318,000.
Useful life= 5 years
Salvage value= $59,000
To calculate the depreciation expense, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
Annual depreciation= 2*[(318,000 - 59,000)/5]= 103,600
2016:
Annual depreciation= (103,600/12)*9= 77,700
2017:
Annual depreciation= [(259,000 - 77,700)/5]*2= 75,620
Amos Manufacturing has two major departments. Management wants to compare their relative performance. Information related to the two departments is as follows:Division 1:Sales: $200,000Expenses: $150,000Asset investment: $950,000Division 2:Sales: $45,000Expenses: $35,000Asset investment: $200,000Based on ROI, which division is more profitable?a. Division 1b. Both divisions have the same ROI ratioc. Division 2
Answer:
Division A is doing better and his more profitable because it has a higher ROI than Division B
Explanation:
Return on Investment is the proportion of operating assets that an investment center earned as as net operating income.
ROI is measure of the returned earned by a division relative to the amount invested in the assets used to generate the return.
It is calculated as follows
ROI = operating income/operating assets
Division A
Net operating income = Sales - expenses
Net operating income = 200,000 - 150,000 = 50,000
Operating assets = 950,000
ROI = 50,000/950,000× 100 = 5.26 %
Division B
Net operating income = 45,000 - 35,000 = 10,000
Operating assets = 200,000
ROI = 10,000/ 200,000 × 100 = 5 %
Division A is doing better and his more profitable because it has a higher ROI than Division B
Radoski Corporation's bonds make an annual coupon interest payment of 7.35% every year. The bonds have a par value of $1,000, a current price of $1,470, and mature in 12 years. What is the yield to maturity on these bonds
Answer:
The answer is 2.71 percent
Explanation:
The interest payment is annually.
N(Number of periods) = 12 years
I/Y(Yield to maturity) = ?
PV(present value or market price) = $1,470
PMT( coupon payment) = $73.5 ( [7.35 percent x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 12; PV = -1470 ; PMT = 73.5; FV= $1,000; CPT I/Y= 2.71
Therefore, the Yield-to-maturity of the bond annually is 2.71 percent
You purchased shares of stock one year ago at a price of $62.37 per share. During the year, you received dividend payments of $1.77 and sold the stock for $69.49 per share. If the inflation rate during the year was 2.07 percent, what was your real return?
Answer:
real rate of return= 10.93%
Explanation:
The return on equity is the sum of the dividends earned and capital gains made during the holding period of the investment.
Dividend is the proportion of the profit made by a company which is paid to shareholders.
Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.
Therefore, we can can compute the return on the investment as follows:
Capital gain = $69.49- 62.37 = 6.92
Dividend -= 1.77
Nominal return on stock= (1.77 + 6.92)/ 62.37 × 100 = 13.93 %
Inflation is the increase in the price level.It erodes the value of money.rise in the price of money
Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.
Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.
The relationship between inflation, real return and nominal return rate is given using the Fishers Effect;
N = ( (1+R) × (1+F)) - 1
N- nominal rate, R-real rate, F- inflation
real rate of return = (1.1393)/ (1.027)- 1 = 0.1093
real rate of return = 0.1093 × 100 = 10.93%
real rate of return= 10.93%
Merry Maidens Cleaning generally charges $280 for a detailed cleaning of a normal-size home. However, to generate additional business, Merry Maidens is offering a new-customer discount of 10%. On May 1, Ms. E. Pearson has Merry Maidens clean her house and pays cash equal to the discounted price. Required: Record the revenue earned by Merry Maidens Cleaning on May 1.
Answer:
May 1
DR Cash $252
CR Service Revenue $252
(To record payment for services rendered)
Working
Cash = Net Service revenue
Net Service revenue = $280 * ( 1 - 10%)
= 280 * 90%
= $252
Tanner-UNF Corporation acquired as a long-term investment $190 million of 8% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 10% for bonds of similar risk and maturity. Tanner-UNF paid $160 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $170 million.
Required:
a. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021.
b. Prepare the journal entry by Tanner-UNF to record interest on December 31, 2021, at the effective (market) rate.
c. At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet? Why?
d. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for S190 million. Prepare the journal entry to record the sale.
Answer and Explanation:
a. Investment in bonds Dr, $190 million
To Discount on bond investment $30 million
To Cash $160 million
(Being purchase of investment is recorded)
b. Cash Dr, ($190 × 8% × 6 ÷ 12) $7.6 million
Discount on bond investment Dr, $0.4 million
To Interest revenue ($160 × 10% × 6 ÷ 12) $8 million
(Being interest on bonds is recorded)
c. The computation of investment in the December is shown below:-
Bond investment $190 million
Less: discount on bond investment ($30 - $0.4) -$29.6 million
Amortization cost $160.40 million
As the company reports fair value of $190 million in its balance sheet. Also the timing of selling and purchase the investment is decided by the management as there is a market value, available for sale securities, the market rate of return varies and the short term, as well as the long term securities, are also invested
d. Cash Dr, $190 million
Discount on Bonds investment Dr, $29.6 million ($30 million - $0.4 million )
Loss on sale of bonds Dr, $29.6 million
To Investment in bonds $190 million
(Being sale of bonds is recorded)
A project manager forgets to assess how national holidays and team member vacations will affect the project’s completion date. Now, because of team member time off, the project delivery will be two weeks late. What flexible planning strategy could the project manager have used to avoid the delay?
The flexible strategy is used to avoid the delay in assessing the external constraints.
The following information regarding accessing external constraints:
It could be thrust upon an organization.It permits for uncovering the things that are beyond the control.The example involved national holidays or sick leaves.If we accessing the external constraints so the delay could be avoided.
So, The other options seem incorrect
Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.
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To reduce delays in considering external restrictions, a flexible technique is employed. The following details about external limitations are available:
It has the potential to be imposed on a company.It enables us to see what we can't see.National holidays and sick leave were used as examples.The delay may be minimized if we used external limitations.It concludes that the flexible technique is employed in order to prevent a delay in considering external limitations.Therefore, "Assessing external constraints" is correct.
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TB MC Qu. 6-75 Kuzio Corporation produces and ... Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 150 100 % Variable expenses 75 50 % Contribution margin $ 75 50 % The company is currently selling 6,500 units per month. Fixed expenses are $184,000 per month. The marketing manager believes that a $7,800 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change
Answer:
Effect on income= $6,450 increase
Explanation:
Giving the following information:
Contribution margin= $75
The marketing manager believes that a $7,800 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.
To calculate the effect on income, we need to use the following formula:
Effect on income= increase in contribution margin - increase in fixed costs
Effect on income= 190*75 - 7,800
Effect on income= $6,450 increase
Choose some specific types of changes you would like to see happen in groups or organizations with which you are familiar. Imagine that you were to try to bring about these changes. What sources of resistance should you anticipate? How would you manage the resistance?
Answer:
Explanation:
Human are the source of resistance this include the staff, employees, employers and the team of the organization that is involved.
The resistance often come because of the fear of the outcome of the innovation or change and complacency with the current state.
Ability to Capture the passion needed and leverage on the position surrounding the change can reduces resistance among the people
Ability to get support of management, supervisors to advocate for the change helps reduce resistance.
Also, the reason for the change and its impact should be well communicated among the employees this help reduce resistance.
Teams with both difficult goals and specific incentives to attain them achieve the _____ performance levels.
Answer:
Highest
Explanation:
teams with highest performance are are social groups that work to achieve a common objective or goals that can be either short term or long term. These kind of teams achieve peak performance by By having both difficult goals and specific incentives to attain these goals. Such teams must have a common objective that can be turned into performance goals that can be measured.
A(n) ____ is a computer-based information system designed to help knowledge workers select one of many alternative solutions to a problem.
Answer: decision support system (DSS)
Explanation:
A decision support system better known as (DSS) is a computer based program which is used to support or aid determinations, judgments, and courses of action been taken in an organization or a business. A DSS browses through and analyzes massive amounts of data, thereby compiling comprehensive information which can be used to solve problems and make important decisions in and organization or business.
Consider a university that purchases replacement chairs for its classrooms. The purchasing manager knows that the annual demand for replacement chairs is 500. The pricing schedule is as follows: Use the following Excel solution to this quantity discount problem with constant carrying cost. Carrying cost = $ 15 Ordering cost = $ 200 Annual Demand = 500
Quantity Price Q Discount Q Total Cost
100 $130 115.47 115.47 $ 66,732.05
200 $122 115.47 200.00 $ 63,000.00
500 $120 115.47 500.00 $ 63,950.00
What is the inventory ordering cost using the economic order quantity?
A. $1,000
B. $866
C. $500
D. $200
Answer:
b. $866
Explanation:
Annual demand from the question = D = $500
the ordering cost = S = $200
then the cost of carrying H = $15
we have to calculate the economic order quantity
= sqr(2*D*S)/H
= sqr(2 x 500 x 200)/25
= sqr(13333.3333)
this equals 115.469
which is approximately 115.5
next we have to calculate inventory ordering cost
= (D * S)/EOQ
= 200 *500/115.5
= 865.5
When approximated becomes $866
The inventory ordering cost using the economic order quantity is: B. $866.
First step is to calculate the Economic order quantity
Economic order quantity =√(2×D×S)/H
Where:
D=Annual demand=$500
S=Ordering cost=$200
H=Holding cost =$15
Let plug in the formula
Economic order quantity =(2 x 500 x 200)/15
Economic order quantity =√200,000/15
Economic order quantity =√13333.3333
Economic order quantity =115.46
Economic order quantity = 115.5 (Approximately)
Second step is to calculate the inventory ordering cost using this formula
Inventory ordering cost= (Annual demand× Ordering cost )/Economic order quantity
Let plug in the formula
Inventory ordering cost= (200×500)/115.5
Inventory ordering cost=100,000/115.5
Inventory ordering cost=$865.8
Inventory ordering cost=$866 (Approximately)
Inconclusion the inventory ordering cost using the economic order quantity is: B. $866.
Learn more here:https://brainly.com/question/14498670
Your teammates, Sara and Juan, are having difficulty cooperating with one another even though their individual assignments are highly related. Which of the following actions is least likely to improve their cooperation?
1) Ask them to make suggestions to each another about ways to possibly improve each person’s assignment.
2) Have them work on their own and only meet with the rest of the team when absolutely necessary.
3) As a team, discuss how each member’s contributions are linked and contribute to the team’s goals.
4) Re-assign their tasks so that they are working on very different aspects of the team’s project.
Answer: Have them work on their own and only meet with the rest of the team when absolutely necessary.
Explanation:
From the question, we are informed that Sara and Juan, are having difficulty cooperating with one another even though their individual assignments are highly related.
To improve their cooperation, the best thing to do is to have them work on their own and only meet with the rest of the team when absolutely necessary.
Various financial data for SunPath Manufacturing for 2015 and 2016 follow. 2015 2016 Output: Sales $ 300,000 $ 330,000 Inputs: Labor $ 40,000 $ 43,000 Raw Materials: $ 45,000 $ 51,000 Energy: $ 10,000 $ 9,000 Capital Employed: $ 250,000 $ 262,000 Other: $ 2,000 $ 6,000 What is the percentage change in the multifactor labor and raw materials productivity measure for SunPath between 2015 and 2016
Answer:
% change in multi-factor productivity = 2.88%
% change in raw materials productivity = -2.94%
% change in labor productivity = 2.33%
Explanation:
2015 2016
Output:
Sales $300,000 $330,000Inputs:
Labor $40,000 $43,000 Raw Materials: $45,000 $51,000 Energy: $10,000 $9,000 Capital Employed: $250,000 $262,000 Other: $2,000 $6,000multi-factor = total output / (labor costs + materials costs + overhead costs)
MFP 2015 = $300,000 / ($40,000 + $45,000 + $10,000 + $250,000 + $2,000) = 0.8646
MFP 2016 = $330,000 / ($43,000 + $51,000 + $9,000 + $262,000 + $6,000) = 0.8895
% change = (0.8895 - 0.8646) / 0.8646 = 0.0288 = 2.88%
raw materials productivity = total output / materials costs
raw materials productivity 2015 = $300,000 / $45,000 = 6.6667
raw materials productivity 2016 = $330,000 / $51,000 = 6.4706
% change = (6.4706 - 6.6667) / 6.6667 = -0.0294 = -2.94%
labor productivity = total output / labor costs
labor productivity 2015 = $300,000 / $40,000 = 7.5
labor productivity 2016 = $330,000 / $43,000 = 7.6744
% change = (7.6744 - 7.5) / 7.5 = 0.0233 = 2.33%