The various costs for Solomon Ski Company during the recent accounting period are determined as follows:
1. Cost per equivalent unit is $65.
2. Cost of finished goods transferred out from the finishing department is $269,750.
3. Cost of the ending WIP inventory is $15,600.
What is the cost per equivalent unit?The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.
The equivalent units of production depend on the degree or percentage of completion for the various cost classes.
Data and Calculations:Transfer to finished goods = 4,150
Ending inventory = 480
Degree of completion of the ending inventory = 50%
Total equivalent units = 4,390 (4,150 + 480 x 50%)
Total production costs = $285,350
Cost per equivalent unit = $65 ($285,350/4,390)
Cost of finished goods = $269,750 ($65 x 4,150)
Cost of the ending WIP = $15,600 ($65 x 240)
Thus, equivalent units refer to the degree of work completed per unit.
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Which of the following failed to stop the widespread fraud at Wells Fargo
The widespread fraud at Wells Fargo was not stopped by E. employees' ethics training.
What is employees' ethics training?Ethics training enables employees to identify and deal with ethical problems.
Occasionally, employees make decisions involving choices or bringing outcomes that may be evaluated as good or bad, right or wrong.
The purpose of ethics training is to eliminate ethical misconduct.
Answer Options:A. a whistle-blower policy
B. a statement by the CEO
C. a self-reporting policy
D. bonuses for stopping fraudulent behavior by other
E. employees' ethics training
Unfortunately, the widespread fraud at Wells Fargo was not stopped by E. employees' ethics training.
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The __________ ensures that when consumers provide their verbal agreement during the telephonic enrollment, they acknowledge and understand they are actually enrolling, in which plan they are enrolling, as well as the standard disclosures.
Answer:
Staement of Understanding
Explanation:
Which of the following practices of dispensing single-service items prevents contamination?
The best practices of dispensing single-service items is: To Provide individually wrapped ware.
What is contamination?
Contamination is when something is infected which in turn can cause diseases or foodborne illness.
Hence, The best method on how to dispense single-service items so as to prevents contamination is to provide individually wrapped ware.
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If an increase in the price of good x causes a decrease in the demand for good y, we can conclude that:_________
Answer:
the price of good Y will Increase and goods are complimentary
This is like highschool economics,
There should be quizlet flash cards for this
If an increase in the price of good x causes a decrease in the demand for good y, we can conclude that then, both X and Y goods are complementary goods.
What are substitute goods?Similar products that a client may employ for the same purpose are substitute goods. If the product they prefer is offered, your customers might buy it, but they might also look at alternatives if the price, the product's availability, or its quality changes. The demand for an item is frequently affected by these changes as well.
A complementary good or service is one that is utilized in conjunction with another good or service. Typically, the complimentary product has little to no value when ingested by itself. However, when combined with another good or service, it raises the bid's overall worth.
When two goods are complementary, a rise in the price of one good will result in a decline in the demand for the other good. The demand curve is also affected by the costs of related or replacement commodities.
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On January 1, 1990, Emilio deposited $1650 into a savings account paying
6.2% interest, compounded monthly. If he hasn't made any additional
deposits or withdrawals since then, and if the interest rate has stayed the
same, in what year did his balance hit $3300, according to the rule of 72?
OA. 2001
B. 2003
OC. 2000
D. 2002
The time required to get a total amount of $3,300.00 with compounded interest on a principal of $1,650.00 at an interest rate of 6.2% per year and compounded 12 times per year is 11.209 years. hence the answer is
A. 2001
Compound Interest Calculation(about 11 years 3 months)
First, convert R as a percent to r as a decimal
r = R/100
r = 6.2/100
r = 0.062 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(3,300.00/1,650.00) / ( 12 × [ln(1 + 0.062/12)] )
t = ln(3,300.00/1,650.00) / ( 12 × [ln(1 + 0.0051666666666667)] )
t = 11.209 years
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What methods can be used to predict demand for healthcare
The methods used to predict demand for healthcare are:
percent adjustment, 12-month moving average, trendlineseasonalized forecast. This is further explained below.What is healthcare?Generally, the administration of organized medical treatment to individuals or to a community of patients.
In conclusion, there are many other quantitative approaches for predicting, but the four most prevalent methods are the seasonalized forecast, the trendline forecast, the percent adjustment prediction, and the moving average of the last 12 months. The organization's recent historical need served as the foundation for each of these four approaches.
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Financial statement data for years ending December 31 for tango company follow
The inventory turnover for Tango company are: 4.8, 5.3.
Inventory turnoverUsing this formula
Inventory Turnover = Cost Of Goods Sold / ((Beginning Inventory + Ending Inventory) / 2)
20Y7
Inventory Turnover =$3,864,000 /($770,000+$840,000)/2
Inventory Turnover=$3,864,000/$805,000
Inventory Turnover=4.8
20Y6
Inventory Turnover = $4,001,500 /($740,000+$770,000)/2
Inventory Turnover= $4,001,500 /$755,000
Inventory Turnover=5.3
Therefore the inventory turnover for Tango company are: 4.8, 5.3.
The complete question is:
Financial statement data for years ending December 31 for tango company follow
20Y7 20Y6
Cost of goods sold $3,864,000 $4,001,500
Inventories:
Beginning of year 770,000 740,000
End of year 840,000 770,000
Determine the turnover for 20Y7 and 20Y6.
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Do you think that setting business objectives for S and S blooms will make sure that the business is successful?Justify your answer
Improved Leadership will make sure that the business is successful.
Companies set goals and goals that help them make decisions. This allows the company to determine the main focus. Intentions and goals also indicate the direction the company wants to take, as well as key stakeholders such as investors and employees. This makes them more likely to support new projects.
Improved Leadership
With clear goals, organizational leaders can plan and direct new sales teams to see what they are working on. This kind of clarity also helps improve communication within the team, as everyone is on the same page.
“One thing that successful companies have in common is a strong interest in their customers,” said John Stephenson, marketing specialist at My GREExam Preparation. “They are creating a culture that focuses on customers and aligns processes, products, and services to the needs of their services.
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Explain how financial managers can assess the company’s debt structure and determine how reasonable it is.
The use of debt-to-equity ratio will allow managers to assess the company’s debt structure and determine how reasonable it is.
What is a debt-to-equity ratio?This refers to the financial ratio of ordinary shareholders' equity and the stake of creditors in a company.
Hence, this use of debt-to-equity ratio will allow managers to assess the company’s debt structure and determine how reasonable it is.
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Discuss the concepts of Mean, Median, Mode, and Standard Deviation, including when each should be used, and evaluate the differences of each. How can knowing this information about data help us?
The mean is a mathematical concept that is used to determine what the average number is in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the mean is 2.4 ([tex]\frac{5+1+1+1+4}{5}[/tex]), where /5 is the sum of the given set of numbers.
What is the Median?The median is a term used to represent the middle value in a given set of numbers. For example, given a set of numbers, 5, 1, 1, 1, and 4, the median is 1 because it is the middle for this set of numbers counting from left to right.
What is the mode?The mode is a term that refers to the most frequently repeated value in a given set of numbers. For example, given a set of numbers 5, 1, 1, 1, and 4, the mode in the set is 1 since it occurs most, exactly three times.
What is the Standard deviation?Standard deviation is a statistical method used to determine how far (i.e the deviation) of a given dataset relative to its mean. It is often calculated as the square root of variance.
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When there is a positive externality in a free market, too much of the good is produced and consumed. True or false?.
When there is a positive externality in a free market, too much of the good is produced and consumed. This statement is false.
Positive externalities happen when the usage of a good or its production results in a benefit to a third party.
For instance, you receive a private advantage when you consume education. However, there are advantages for the rest of society as well.
For instance, you can educate others, and as a result, they gain from your education. (A positive externality of consumption)
Positive externalities cause market failure and underconsumption.
Among the government initiatives to boost demand for items with favorable externalities
Regulations and guidelines - minimum school ageIn order to boost the stock of high-quality housing, the government is creating more council housing.Price-lowering and consumption-encouraging subsidies, such as those provided by the government for rural train services.Hence, the given statement is false.
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Vibrant Company had $920,000 of sales in each of Year 1, Year 2, and Year 3, and it purchased merchandise costing $510,000 in each of those years. It also maintained a $220,000 physical inventory from the beginning to the end of that three-year period. In accounting for inventory, it made an error at the end of Year 1 that caused its Year 1 ending inventory to appear on its statements as $200,000 rather than the correct $220,000.
1. The preparation of the correct income statement for Vibrant Company for each of the three years is as follows:
Vibrant Company
Income StatementFor the years ended December 31, Year 1, Year 2, and Year 3
Year 1 Year 2 Year 3 Total
Sales revenue $920,000 $920,000 $920,000 $2,760,000
Cost of goods sold:
Beginning inventory $220,000 $220,000 $220,000 $220,000
Purchases 510,000 510,000 510,000 1,530,000
Goods available for sale $730,000 $730,000 $730,000 $1,750,000
Less Ending inventory $220,000 $220,000 $220,000 $220,000
Cost of goods sold 510,000 510,000 510,000 1,530,000
Gross profit $410,000 $410,000 $410,000 $1,230,000
2. The preparation of the income statements showing the effects of the error for Vibrant Company for each of the three years is as follows:
Vibrant Company
Income StatementFor the years ended December 31, Year 1, Year 2, and Year 3
Year 1 Year 2 Year 3 Total
Sales revenue $920,000 $920,000 $920,000 $2,760,000
Cost of goods sold:
Beginning inventory $220,000 $200,000 $220,000 $220,000
Purchases 510,000 510,000 510,000 1,530,000
Goods available for sale $730,000 $710,000 $730,000 $1,750,000
Less Ending inventory $200,000 $220,000 $220,000 $220,000
Cost of goods sold 530,000 490,000 510,000 1,530,000
Gross profit $390,000 $430,000 $410,000 $1,230,000
Thus, the misstatement of the ending inventory as $200,000 instead of $220,000 caused the gross profit for year 1 and year 2 to be correspondingly misstated by $20,000, respectively.
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True or false: Personality tests tend to be the best and most useful way to assess someone's personality due to its objectivity and lower potential for bias/human error.
This Andrew is True because personality tests tend to be the best and most useful way.
Answer:
True!
Explanation:
By learning and observing different peoples personalities you can often learn how they're going to act in certain situations.
1. Write down D & S equations for wireless phones; include
two exogenous variables in each equation.
The D - equations for wireless phones: P = D (P,eA,eB)
The S- equation for wireless phones: Q = S (P,eA,eB)The Exogenous variable A = PriceThe Exogenous variable B = Population growth rateWhat is the equation about?The demand and supply relationship is one that differs in a lot of ways and often shown using a graph. Note that the upward slope of the curve on a graph shows the law of demand and the demand for wireless phones is one that can be affected by the amount of new mobile phone subscribers, the average cost of buying the wireless phone, and others.
Hence, The D - equations for wireless phones: P = D (P,eA,eB)
The S- equation for wireless phones: Q = S (P,eA,eB)The Exogenous variable A = PriceThe Exogenous variable B = Population growth rateLearn more about Demand from
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Chapter 10 Standard Costs and the Balanced Scorecard EXERCISE 10-3 Direct Materials Variances [LO2] Refer to the data in Exercise 10-6. Assume that instead of producing 4,000 units during the month, the company produced only 3,000 units, using 14,750 pounds of material. (The rest of the material purchased remained in raw materials inventory.) Required: Compute the direct materials price and quantity variances for the month.
The required answer is materials price variance=[tex]\$ 3,000 \mathrm{~F}$[/tex]
Materials quantity variance [tex]$=\$ 2,375 \mathrm{U}$[/tex]
Materials price variance:
When the actual price paid for materials used in manufacturing differs from the standard price for the materials, this is referred to as a material price variation (MPV). If the actual price paid for the materials is less than the standard price, the material price variance will be beneficial.
The materials quantity variance is calculated simply for the amount of materials utilized in production, as opposed to the materials price variance, which is computed for the total amount of materials purchased in the solution below.
Actual Quantity of Input, at Actual Price
[tex]$(\mathrm{AQ} \times \mathrm{AP})$ \\[/tex]= [tex]$20.000$[/tex] pounds [tex]$\times$ \\[/tex] [tex]$\$ 2.35$[/tex] per pound[tex]$=\$ 47,000$[/tex]
Actual Quantity of Input, at Standard Price
[tex]$(\mathrm{AQ} \times \mathrm{SP})$[/tex]= [tex]$20.000$[/tex] pounds [tex]$\times$[/tex] [tex]$\$ 2.50$[/tex] per pound [tex]$=\$ 50,000$[/tex]
Standard Quantity Allowed for Output, at Standard Price
[tex](\mathrm{SQ} \times \mathrm{SP}) \\[/tex]= [tex]13,800[/tex] pounds[tex]* } \times[/tex] [tex]\$ 2.50 \text { per pound } \\[/tex] [tex]=\$ 34,500[/tex]
Price Variance [tex]\$ 3,000 \mathrm{~F}=[/tex] [tex]14,750 \text { pounds } \times \$ 2.50 \text { per pound }=\$ 36,875[/tex]
Quantity Variance U= [tex]\$2,375[/tex]
[tex]$\star 3,000$[/tex] units [tex]$\times 4.6$[/tex] pounds per unit $=13,800$ pounds
Alternatively, the variances can be computed using the formulas:
Materials price variance [tex]$=\mathrm{AQ}(\mathrm{AP}-\mathrm{SP})$[/tex]
20,000 pounds [tex]$(\$ 2.35$[/tex] per pound [tex]$-\$ 2.50$[/tex] per pound [tex]$)=\$ 3,000 \mathrm{~F}$[/tex]
Materials quantity variance [tex]$=S P(A Q-S Q)$[/tex]
[tex]$\$ 2.50$[/tex] per pound [tex]$(14,750$[/tex] pounds [tex]$-13,800$[/tex] pounds [tex]$)=\$ 2,375 \mathrm{U}$[/tex]
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In an organizational chart that shows how departments on a cruise ship are related, the hotel department oversees
heating, cooling, and ventilation
the chief purser
the housekeeping department
the music director
In an organizational chart that shows how departments on a cruise ship are related, the hotel department oversees option C. the housekeeping department. Read below about a cruise ship.
What is a cruise ship?Cruise ships are large passenger ships used mainly for vacationing. Unlike ocean liners, which are used for transport, cruise ships typically embark on round-trip voyages to various ports-of-call, where passengers may go on tours known as shore excursions.
Therefore, the correct answer is option C. the housekeeping department.
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Answer: The answer is actually the music director.
Explanation:
I'm taking the test and the answer is in the lesson.
Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not enforceable because:.
Esmeralda promises to pay Fiorello $400 because ""he does not have as much money as other people. "" Esmeralda's promise is not enforceable because: Fiorello has not given consideration in return.
INTERPRETATION-
Consideration is mutual i.e. both parties get something in the return for the performance of the contract. However, Esmeralda has not given consideration in exchange.
Esmeralda was given the chance to audition for the Performing Arts High School which she succeeded in. She then moved to New York and attended School, studying drama and dance.
Esmeralda Santiago wrote her autobiography "When I Was Puerto Rican" which narrates her and her family's life moving from Puerto Rico to America. The book also follows the Puerto Rican girl through the many obstacles that she had to endure and overcome to change her life.
Therefore, we can conclude that the correct option is A.
Your question is incomplete, but most probably your full question was:
Esmeralda promises to pay Fiorello $400 because “he does not have as much money as other people.” Esmeralda’s promise is not enforceable because
A. Fiorello has not given consideration in return.
B. Esmeralda could have paid more.
C. the redistribution of wealth on a one-to-one basis is not a valid social goal.
D. society does not want gifts cheapened by making them legally enforceable.
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Providing intellectual property rights can result in which of the following? Select all that apply.
giving access to the property to everyone
the opportunity for an inventor to profit on her idea
a marketing giant taking advantage of an inventor
piracy and lawsuits
a singer getting paid for coming up with a hit song
Providing intellectual property rights can result in in-
the opportunity for an investor to profit from her idea.piracy and lawsuits.What are intellectual property rights?Intellectual property rights provide an authority for individuals to restrict other people to copy or imitate the product or process followed in any invention for a certain period of time.
If a Violation of these rights has been noticed the guilty party has to bear the fines and imposed punishment on them for breach of Contract. One should have been required to take permission from the inventor in order to imitate.
This gives an inventor the chance to make money off of her invention since when permission to copy is requested, they can charge a fee. Additionally, it aids lawsuits and piracy.
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Describe at least two ways you can tailor your resume to fit a specific employer.
In describing at least two ways you can tailor your resume to fit a specific employer you include a list of your relevant experiences, skills, and accomplishments...
Compare the details of your application to the job posting. This is further explained below.
What is a resume?Generally, A candidate for employment composes a resume, which is a formal document, in order to detail their credentials for a certain post. A cover letter tailored to the position or firm being applied for is often included with a resume. In the cover letter, the candidate draws attention to the information on the CV that is most relevant to the position or company and indicates interest in working there.
What exactly is meant by the term employer?A person, business, or organization that hires workers and compensates them for their efforts is known as an employer. Workers who are compensated monetarily for their efforts are referred to as employees. Employers give employment.
In conclusion, You should include a list of your relevant experiences, abilities, and achievements on your resume, and you should also describe at least two ways that you may modify your resume to match the needs of a particular company.
Examine the particulars of your application in light of the ad for the position.
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Company A has 800 employees, and it decides to grant each of the employees 50 share options as part of its new rewards plan. The options are exercisable over 5 years and subject to a 3-year service condition. The fair value of each option at the grant date is $16. The company estimates that 80% of its employees will meet the service condition required for receiving the options. Calculate the total share-based payment expense for Company A assuming that 80% of the employees actually meet the service condition.
The total share-based payment expense for Company A is mathematically given as
TS= $512,000.
What is the total share-based payment a expense for Company A?let number of Employees satisfying service condition be x
Hence
x= 800* 0.8
x=640.
let the total No of options Estimated to be exercised be y
y= 640*50
y=32000.
Generally, the equation for Total Share is mathematically given as
TS= The total number of options expected to be exercised Muiltiplied by Fair value
Therefore
TS= 32000* 16
TS= 512,000.
In conclusion, the total share-based payment expense for Company A
TS= $512,000.
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Which manufacturer most likely uses intensive distribution? O a. Cadbury Adams, a manufacturer of Certs breath fresheners O b. Essential, a manufacturer of lighting fixtures O Citizen, a manufacturer of digital scales O d. Maytag, a manufacturer of appliances
The manufacturer most likely uses intensive distribution is: a. Cadbury Adams, a manufacturer of Certs breath fresheners
Who is manufacturer?A manufacturer can be defined as someone that produces product or goods from raw material to finished goods.
Hence, Cadbury Adams, a manufacturer of Certs breath fresheners is the manufacturer most likely uses intensive distribution.
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The sales and cost data for two companies in the transportation industry are as follows:
X Company Y Company
Amount Percent Amount Percent
Sales $ 150,000 100.00 $ 150,000 100.00
Variable costs 90,000 60.00 45,000 30.00
Contribution margin 60,000 40.00 105,000 70.00
Fixed costs 34,200 70,250
Operating income (πB) $ 25,800 $ 34,750
X Company's degree of operating leverage (DOL) at the current sales volume level is calculated to be:
Multiple Choice
2.33
3.00
5.00
4.00
1.00
The correct option for X Company's degree of operating leverage (DOL) at the current sales volume level is calculated to be is A. 2.33
For X-Company :
Degree of operating leverage = Contribution ÷ EBIT i.e., operating income
= 60000 ÷ 25800
= 2.33 times
Operating leverage is a fee-accounting method that measures the degree to which a company or assignment can boom operating profits by way of growing revenue. An enterprise that generates sales with an excessive gross margin and occasional variable charges has high operating leverage.
Generally speaking, high operating leverage is better than low operating leverage, because it permits groups to earn large profits on each incremental sale. Having said that, groups with a low degree of operating leverage may also discover it simpler to earn a profit when dealing with a decreased level of income.
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which of the following is a tertiary ratio that drives profitability?
Review Later
EBIT / Sales
Net Profit / Sales
EBIT / Net Profit
SG&A Expense / Sales
The SG&A Expense/Sales is the tertiary ratio that drives profitability.
What is SG&A Expense/Sales?This refers to the everyday operating expenses of running a business that are not included in the production of goods or delivery of services.
As the SG&A includes rent, salaries, advertising, marketing expenses etc., it is the tertiary ratio that drives profitability.
Therefore, E is correct.
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Ann Hopkins borrowed $60,000 for her child’s education. She must repay the loan at the end of 8 years in one payment with 512% interest. What is the maturity value Ann must repay?
The Maturity Value that Ann must pay is $89,461.
Assuming the rate of interest is compounded annually.
Given,
Principal value = $60,000 = P
Rate of interest = 5.12% = i
Number of years = 8 = T
Since maturity value = Amount
Now, using the formula for calculating the amount,
Amount = P × {(1+i)^T}
Now, substituting the given values in the above formula for amount we get,
Amount = $60,000 × {(1+0.0512)^8}
= $60,000 × {(1.0512)^8}
= $60,000 × 1.49101776418
= $89,461.0658
= $89,461 (Approximately)
Hence, The Maturity Value that Ann must pay is $89,461.
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What unique things would separate you from other applications applying for this money
The unique things that would separate the person from other people that are applying include
well-written essaygood educational backgroundvolunteering work that the person may have engaged in.What are the required things that the person applying should have?Good educational backgroundVolunteering works would be an added advantageA well-written essayHave good characters and there should be no previous issues that show that the person had broken a law.Therefore, the above statement would be beneficial for the person applying for the money.
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Please helppp I’ll give brainliest to who answers.
What is an example of an expense that, generally, comes from discretionary income?
OA. transportation costs
OB.
food/groceries
О с. rent or mortgage
OD.
D.
books/novels
Answer:
B.food/groceries
Explanation:
Discretionary expenses are often defined as nonessential spending. This means a business or household is still able to maintain itself even if all discretionary consumer spending stops. Meals at restaurants and entertainment costs are examples of discretionary expenses.
Question 4 of 20
A company has a net sales revenue of $250,000. Its cost of goods sold is
$180,000. Using vertical analysis, what percentage of its revenue is spent on
its goods?
OA. 1.30%
OB. 13%
OC.7.20%
OD. 72%
Given the true/false statements are true (facts), select the best logical induction made from those statements:
Betsy likes oranges. Jose does not like oranges. Benjamin likes oranges.
a. People only like oranges
b. People like apples and oranges
c. People like all fruit
d. People do and do not like oranges
The best logical induction that can be made is d. People do and do not like oranges.
What is logical induction?This refers to making a generalization about a population based on individual pieces of information about the population's members.
Betsy and Benjamin like oranges but Jose does not. This means that people can either like or dislike oranges.
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What was the opening price of Dow Jones Industrial Average on Oct 12, 2018 in the format of XXXXX.XX?
The opening price of the Dow Jones Industrial Average on Oct 12, 2018 was 25,598.74.
What is the Dow Jones Industrial Average?This is one of things known as stock market indexes that track the stock market prices of 30 large companies.
On Oct 12, 2018, this index had an opening price of 25,598.74 after having suffered a loss of 3.2% in the previous day's trading.
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PlastiPharm produces a foundational product that sits on a shelf until it is needed and added to another product. In reviewing the process of combining the two products, the production staff realized that the foundational products are sometimes not tested, although the final product is always tested. They determined that all the foundational products will now undergo testing. The additional testing will add time and effort, which translates to additional costs, so why would PlastiPharm want to perform the additional testing?
a.The additional testing helps the company as it strives for perfection in its products and helps avoid future problems by reducing waste (defective parts).
b.Making sure that all parts are tested ensures that the company is ready to respond to last-minute orders.
c.The additional testing will help the company meet customer demands for certification that all their products have been tested 100 percent of the time.
d.Testing all the parts addresses any questions that customers might have about quality or performance of materials.
PlastiPharm would want to perform the additional testing because:
The additional testing helps the company as it strives for perfection in its products and helps avoid future problems by reducing waste (defective parts). (Option C)Testing all the parts addresses any questions that customers might have about quality or performance of materials. (Option D)Why do manufacturers carry out testing?
Rigorous testing is usually carried out by companies to ensure that defects and hazards are detected before the products are sent out into the market.
This way, their liability from product defects is reduced or eliminated completely.
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