Answers
Answer:
net asset value
Explanation:
The primary measurement unit being described is known as the net asset value or NAV for short. NAV is commonly used as a per-share value for a variety of different assets such as mutual fund, ETF, or closed-end fund and is calculated as the company's/individua's total assets minus those asset's total liabilities. This can be seen in the attached picture below.
Related Questions
Using a departmental approach to overhead application results in ______ as using a plantwide rate.
Answers
Answer:
Using a departmental approach to overhead application results in ______ as using a plantwide rate.
over-applied and under-applied overheads
Explanation:
There are three methods for overhead application. One method is the use of a plantwide overhead rate, where the overhead costs are divided by the volume of plantwide consumption to obtain the rate per consumption. Two is the departmental overhead rate which restricts the calculation of the overhead rate to the department, thereby making the rate specific to each department. The third is the activity-based costing technique which assesses the level or volume of activity and uses this to determine the overhead rate.
Suppose that the required reserve ratio is 8.00 %. What is the simple money (deposit) multiplier?
Answers
Answer:
12.5
Explanation:
Money multiplier gives the maximum amount money supply can increase to given the reserve ratio
Money multiplier = 1 / r = 1 / 0.08 = 12.5
Good weather and heavy winter rain increases the supply of agricultural products. This means that at any given price, a higher quantity will be supplied. Conversely, a drought would shift the
Answers
Answer: supply curve to the left
Explanation:
A drought simply means when there's no rainfall or water. Good weather and heavy winter rain increases the supply of agricultural products and this means that at any given price, a higher quantity will be supplied.
Therefore, a drought would shift the supply curve to the left because there'll be less agricultural products that'll be supplied to the consumers. This will also lead to rise in price.
When would a good’s total utility and marginal utility be the same?
Answers
Answer :
Utility is the satisfaction a person derives from the consumption of a good or service. Total utility is the total satisfaction received from consuming a given total quantity of a good or service, while marginal utility is the satisfaction gained from consuming an additional quantity of that item. Sometimes, economists like to subdivide utility into individual units that they call utils. However, because utility is subjective, meaning that it differs from person to person, and because it varies continuously, depending on the quantity consumed, an util cannot actually be measured, but is simply a heuristic device that allows economists to talk about the degree of satisfaction for a product or service.Marginal utility always declines for each successive quantity of consumption. If you like ice cream, and you eat one scoop, the first scoop will provide the greatest satisfaction. If you eat another scoop, you'll probably enjoy that also, but the satisfaction will be less than for the first. At some point, you will not want any more ice cream. The marginal utility will drop to zero and may even become negative. This illustrates the law of diminishing marginal utility. Marginal utility declines for everything, including money. Although many people want to amass great wealth, each dollar accumulated becomes worth less and less, because the marginal utility of what it can buy declines.
Declining marginal utility explains why the demand curve slopes downward as the supply quantity is increased, and why people will only consume more if the price declines, since people's willingness to pay also declines.
Marginal utility is also related to the elasticity of demand. If demand is inelastic, then the quantity demanded drops off slowly as the price increases, indicating that the marginal utility of the product or service is high; with elastic demand, demand quantity drops off sharply, indicating a low marginal utility for the product, so the consumer is not willing to pay a higher price.
Please mark me as a brainlist...... Please follow me..... ✌✌Preferences are characterized generally by: A. income. B. consumption bundles. C. indifference curves. D. budget constraints.
Answers
Answer:
B. consumption bundles
Explanation:
Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.
For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.
Preferences of buyers are independent not prices and income level.
Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.
when banker expects a rise in interest rates in the fututre then the best strategy for the present is
Answers
Answer:
Increase duration of the bank assets
Explanation:
Because When the duration of assets is longer than the duration of liabilities, this allows for a the duration gap is positive. And so even if interest rates rise, assets will lose more value than liabilities, hence reducing the value of the firm's equity.
Chik’s Chickens has accounts receivable of $6,333. Sales for the year were $9,800. What is its average collection period?
Answers
Answer:
The answer is 235 days
Explanation:
Average collection period can also be called Days' outstanding period. And it is the number of days it takes a business to collect its money or receivables from the goods or services sold on credit.
Days' reveivables period or Average collection period = 365 days / reveivables turnover.
Receivables turnover = Sales/ average receivable
$9,800/$6,333
= 1.55
Average collection period=
365 days/1.55
=235 days
W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and supplies in the united states and Canada. It has ownership title to over 220,000 products, which are stocked in one national and nine regional warehouses to gurantee product availability and quick service to the many manufacturers who are its customers. W.W. Grainger is an example of a(n):_________.
a. agent or broker
b. merchant wholesaler
c. retailer
d. consumer market
e. hypermarket intermediary
Answers
Answer:
Merchant wholesaler
Explanation:
A merchant wholesaler is a business owner that specializes in purchasing goods in large quantities and then sell to other retailers and wholesalers.
Since they purchase their products in large quantities, they have different warehouses in their acquisition. These warehouses are used to store the products.
Merchant wholesalers are very vital in the chain of distribution as they facilitate the smooth movement of goods which takes places between the producers and the retailers.
In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.
Yesterday, Berryman Investments was selling for $145 per share. Today, the company completed a 7-for-2 stock split. If the total market value was unchanged by the split, what is the price of the stock today? Select the correct answer. a. $41.43 b. $44.19 c. $42.12 d. $43.50 e. $42.81
Answers
Answer: $41.4
Explanation:
From the question, we are informed that yesterday, Berryman Investments was selling for $145 per share and.that today, the company completed a 7-for-2 stock split.
If the total market value was unchanged by the split, the price of the stock today will be:
= $145 ÷ 7/2
= $145 × 2/7
= $145 × 0.2857
= $41.4
"what amount of warehouse department cost will be allocated to department music if the service department with the highest percentage"
Answers
Complete Question:
Goldfarb's Book and Music Store has two service departments, Warehouse and Data Center. Warehouse Department costs of $310,000 are allocated on the basis of budgeted warehouse -hours. Data Center Department costs of $100,000 are allocated based on the number of computer log-on hours. The costs of operating departments Music and Books are $102,500 and $123,000, respectively. Data on budgeted warehouse-hours and number of computer log-on hours are as follows: Production Departments Support Departments Warehouse Data Center Department Department Music Books Budgeted costs Budgeted warehouse-hours Number of computer hours $310,000 NA 270 $100,000 520 NA $102,50 0 1080 900 $123,00 0 1590 1020 Using the step-down method, what amount of Warehouse Department cost will be allocated to Department Music if the service department with the highest percentage of interdepartmental support service is allocated first? (Do not round any intermediate calculations.) A) $34,702 B) $125,393 C) $33,856 D) $104,953
Answer:
Goldfarb's Book and Music Store
Amount of warehouse department cost allocated to department music is:
D) $104,953
Explanation:
a) Data and Calculations:
Support Departments Production Departments
Warehouse Data Center Music Books
Budgeted costs $310,000 $100,000 $102,500 $123,000
Budgeted warehouse-hours NA 520 1,080 1,590
Number of computer hours 270 NA 900 1,020
b) Allocation of Warehouse costs:
Basis for allocation is budgeted warehouse hours:
Data Center = 520
Music = 1,080
Books = 1,590
Total hours 3,190
Allocation of Warehouse cost to Music:
1,080/3,190 * $310,000 = $104,953
b) The step-down method for allocating the manufacturing overheads of service departments to the production departments involves first allocating one service department's cost to the production departments and other service departments in a step-down manner. After all service departments' costs have been so allocated, there is some re-allocation which then eliminates the costs of some departments. This continues until all service departments' costs are allocated. It is unlike the direct method which allocates one service department costs without allocating them to another service department.
A negstive and external factor would be which of the following
Opportunity
Weakness
Strength
Threat
Answers
Find the EAR in each of the following cases:
a. 19% compounded quarterly.
b. 15% compounded monthly.
c. 19% compounded daily.
d. 16% with continuous compounding.
Answers
Answer:
a. 20.40 %
b. 16.08 %
c. 20.92 %
d. 17.35 %
Explanation:
Effective Annual Interest Rate is the annual rate that if compounded once a year, would give us the same result as the interest per period compounded a number of times per year.
Effective Annual Interest Rate = ( 1 + i/m)^m -1
a. 19% compounded quarterly.
Effective Annual Interest Rate = ( 1 + 0.19/4)^4 -1
= 20.40 %
b. 15% compounded monthly.
Effective Annual Interest Rate = ( 1 + 0.15/12)^12 -1
= 16.08 %
c. 19% compounded daily.
Effective Annual Interest Rate = ( 1 + 0.19/365)^365 -1
= 20.92 %
d. 16% with continuous compounding.
Effective Annual Interest Rate = e^i - 1
= e^(0.16) -1
= 17.35 %
Students submitting initial CPT applications should allow at least ____ business days for their CPT application to be reviewed.
Answers
Answer:
30 business days
Explanation:
Students submitting initial CPT applications should allow at least 30 business days for their CPT application to be reviewed.
The Curricular Practical Training (CPT) is an off-campus work/internship which is usually tied to the student's area of study. It's always open for students who are still studying in a particular program.
Graduate students can actually apply for CPT in first semester because it's actually an integral part of the student's graduate studies.
It takes 30 business days to review their applications.
Forms of Business Organization
1. The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a firm's legal structure affects its operations. The main forms of business organizations are: (1) proprietorships, (2) partnerships, (3) corporations, and (4) limited liability companies (LLCs) and limited liability partnerships (LLPs). In terms of numbers, most businesses are_______. However, based on the dollar value of sales, most business is done by_____. Businesses are frequently started as______and then converted to______when their growth results in disadvantages outweighing advantages.
2. A proprietorship has three important advantages: (1) It is easily and inexpensively formed, (2) it is subject to_____government regulations, and (3) it is subject to lower income taxes than are______. However, a proprietorship also has three important limitations: (1) A proprietor has______personal liability for the business' debts. (2) The life of the business is limited to the life of the individual who created it. (3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.
3. A partnership has two important advantages: (1) It is easily and inexpensively formed and (2) its income is allocated on a pro rate basis to partners and taxed on a(n)_____basis so the partnership avoids higher_____income taxes. A partnership has four important disadvantages: (1)______personal liability, (2)_____life, (3) difficulty of transferring ownership, and (4) difficulty of raising large amounts of capital.
4. A corporation has the following advantages: (1)_____life, (2) ownership that is easily transferred through the exchange of stock, (3)_____liability, and (4) can______raise large amounts of capital to operate large businesses. Its disadvantages are: (1) Corporate earnings may be subject to______taxation and (2) setting up a corporation and filing required state and federal reports is complex. Large corporations are known as C corporations. However, as an aid to small businesses Congress created S corporations.
5. Limited liability corporations (LLCs) and limited liability partnerships (LLPs) have limited liability protection like______but are taxed like______. Investors in an LLC or LLP have votes in proportion to their ownership interest. LLCs and LLPs have been gaining in popularity, but large companies still find it advantageous to be______corporations because of advantages in raising capital for growth.
Answers
Answer:
Forms of Business Organization1. The basic concepts of financial management are the same for all businesses, regardless of how they are organized. However, a firm's legal structure affects its operations.
The main forms of business organizations are: (1) proprietorships, (2) partnerships, (3) corporations, and (4) limited liability companies (LLCs) and limited liability partnerships (LLPs). In terms of numbers, most businesses are______proprietorships_. However, based on the dollar value of sales, most business is done by_corporations____.
Businesses are frequently started as__Limited Liability Companies____and then converted to_Corporations_____when their growth results in disadvantages outweighing advantages.
2. A proprietorship has three important advantages: (1) It is easily and inexpensively formed, (2) it is subject to_less____government regulations, and (3) it is subject to lower income taxes than are_corporations_____.
However, a proprietorship also has three important limitations: (1) A proprietor has_unlimited_____personal liability for the business' debts. (2) The life of the business is limited to the life of the individual who created it. (3) A proprietorship has difficulty obtaining large sums of capital so proprietorships are used primarily for small businesses.
3. A partnership has two important advantages: (1) It is easily and inexpensively formed and (2) its income is allocated on a pro rate basis to partners and taxed on a(n)_individual____basis so the partnership avoids higher_corporate____income taxes. A partnership has four important disadvantages: (1)_Unlimited_____personal liability, (2)_Limited____life, (3) difficulty of transferring ownership, and (4) difficulty of raising large amounts of capital.
4. A corporation has the following advantages: (1)_Unlimited____life, (2) ownership that is easily transferred through the exchange of stock, (3)_Limited____liability, and (4) can_easily_____raise large amounts of capital to operate large businesses. Its disadvantages are: (1) Corporate earnings may be subject to_corporate_____taxation and (2) setting up a corporation and filing required state and federal reports is complex. Large corporations are known as C corporations. However, as an aid to small businesses Congress created S corporations.
5. Limited liability corporations (LLCs) and limited liability partnerships (LLPs) have limited liability protection like_corporations_____but are taxed like__proprietorships____. Investors in an LLC or LLP have votes in proportion to their ownership interest. LLCs and LLPs have been gaining in popularity, but large companies still find it advantageous to be_formed into_____corporations because of advantages in raising capital for growth.
Explanation:
The above are forms of business organization through which investors can realize their investment dreams.
The federal government passes a law which a company, JuneCorp, feels unjustifiably discriminates against the company and harms its ability to operate. Under the strict scrutiny test, which of the following statements is true? a. JuneCorp cannot contest the law because the government makes the laws and therefore has the final say. b. JuneCorp can contest the legality of the law if all three scrutiny tests determine that the law is necessary.c. JuneCorp can contest the legality of the law if the law doesn't serve a state interest. d. JuneCorp cannot contest the legality of the law if only its finances are harmed.
Answers
Answer:
b. JuneCorp can contest the legality of the law if all three scrutiny tests determine that the law is necessary.
Explanation:
Scrutiny test is a situation whereby the legislative arm of the government passes a law inorder to further government interest in a partivular situation or towards its citizens. Strict scrutiny is used to ensure that, the givernmental discrimination in its new law is constitutionally valid.
As the price of a product increases, the amount of the product that a producer is willing to supply increases. A. True B. False
Answers
Answer:
My answer to the question is True.
As the price of a product increases, the amount of the product that a producer is willing to supply increases. The given statement is True. According to the law of supply, producers will produce more of a good when prices are high and less of a good when prices are low.
How does an increase in price affect a producer?Prices also have an impact on manufacturers because they may decide whether or not to increase production in response to higher supply costs. However, when prices rise, less of a good is available, which has a direct impact on consumers.
According to the law of supply, producers will increase their supply to the market if the price is higher. Businesses produce more of a good or service when they anticipate paying a higher price for it because they want to increase their revenue.
Thus, the mentioned above given statement is correct or True.
Learn more about Supply here:
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Which of the following is a characteristic of managerial accounting?
A. It is geared toward the management of an organization.
B. It is used to produce specific management reports.
C. It is not independently audited.
D. It is relatively flexible.
E. All of the above are characteristics of managerial accounting.
Answers
Answer: E. All of the above are characteristics of managerial accounting.
Explanation:
Managerial accounting is geared towards analysing accounting data to help management of an organization make decisions. As such it is internal and is seen by company employees.
To help the management, specific management reports are produced from which decisions affecting the company can be made. It is relatively flexible to enable it to suit the demands of the company and as it is for internal use, is not independently audited.
Assume stock A costs $100 at t = 0 in a two-period world. There are two scenarios at t = 1: good and bad. In the good scenario the stock price rises to 120 dollars and in the bad scenario stock price declines to 70. The probability of both these scenarios is p = 0.5. The annual riskless rate is 10%. Your broker offers you a call option with strike price of $110 for $4.60. Will you take up his offer? Why or why not?
Answers
Answer:
The offer at $4.60 by the broker is higher than the calculated fair value of $4.545 hence i will not take up his offer
Explanation:
Given data:
stock A = $100 at t = 0
in two worlds : good scenario ; stock A = $120
bad scenario ; stock A = $70
probability = 0.5
annual risk less rate = 10% = 0.1
To determine if to take the offer or not we have to calculate the call option using the given parameters
Cu = [tex]\frac{(0.5*10) + (0.5*0)}{(1 + 0.10)}[/tex] = $4.545
The offer at $4.60 by the broker is higher than the calculated fair value of $4.545 hence i will not take up his offer
Jan. 14: Purchased 800 shares of Phyflexon stock, paying $50 per share. The investment represents ownership in voting stock. does not have significant influence over . intends to hold the investment for the indefinite future.
Answers
Answer:
The Phyflexon stock investment representing ownership in voting stock implies that the investor intends to hold the investment for the indefinite future. It is to be classified as common stock.
Explanation:
Since the investor intends to hold the investment for the indefinite future, he is entitled to dividends when declared. The investment is classified as held to maturity (indefinite) and accounted for using the equity method.
Explain how to invest in securities markets and set investment objectives such as long-term growth, income, cash, and protection from inflation.
Answers
Answer with Explanation:
The investment in securities must include purchases of stock of more than 15 industry firms because diversified investment gives an average rate of return on investments. Hence it would be better to lower the risk of investment by simply investing in more than 15 firms and each of them must be from different industry sector. Nowadays due to coronavirus, it would be better to investing in fintech, IT and Hi-Tech industries will pay much more than low tech industries. Tesla is one of these tech companies whose share price have surged by 390% in past 12 months. It doesn't mean that other industry products don't pay enough. Setting objective includes how much yearly investment must be added to you security portfolio so that the net worth of the portfolio keeps growing. The reinvestment of dividends received, insurance of downside risk, investment on the basis of value at risk, etc. are all the set objectives that are considered while investing and managing security portfolio. If you are not confident with setting objectives then investing via investment institutions would be a another best option which had employed hundreds of CFA's who are working to increase the wealth of their potential clients and it is more likely that you take home a better return on investment as compared to a person who has little knowledge of security investments.
Lloyd Inc. had sales of $200,000, a net income of //415,000, and the following balance sheet: Cash $10,000 Accounts Payable $30,000 Receivables 50,000 Notes Payable To Bank 20,000 Inventories 150,000 Total Current Liabilities $50,000 Total Current Assets $210,000 Long-Term Debt 50,000 Net Fixed Assets 90,000 Common Equity 200,000 Total Assets $300,000 Total Liabilities And Equity $300,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.5x, without affecting sales or net income. If inventories are sold and not replaced (thus reducing the current ratio to 2.5x); if the funds generated are used to reduce common equity (stock can be repurchased at book value); and if no other changes occur, by how much will the ROE change? What will be the firm’s new quick ratio?
Answers
Answer:
The firm's new quick ratio is 2.9
Explanation:
The current ratio is calculated as
Current ratio = Current assets / Current liabilities
2.5 times = (Cash + receivables + Inventories ) / (Accounts payable + Other current liabilities)
2.5 = ($10,000 + $50,000 + Inventories) / $50,000
$60,000 + inventories = $125,000
Inventories = $65,000
Therefore, $85,000 worth of inventories were sold off.
If the funds generated are used to reduce the common equity that is by repurchasing the equity at book value.
Hence, the common equity amounts to $115,000
Calculating the ROE before the inventory is sold off:
ROE = Net income / Stockholder's equity
= $15,000 / $200,000
= 0.075 or 7.5%
Calculating the ROE after selling off the inventory
ROE = $15,000 / $115,000
= 0.13 or 13%
The firm's new quick ratio is
Quick ratio = (Current assets - Inventories) / Current liabilities
= ($210,000 - $65,000) / $50,000
= 2.9
Which of the following is an explanation of the share-the-gains share-the-pains theory?
A. People who have been in an industry are most likely to be asked to be regulators of the 11.
B. Regulators who are interested in keeping their jobs must please both the industry and co.
C. When products have too many warning labels, consumers may not read any of them.
D. In some markets, sellers have more information about products than buyers.
Answers
Answer:
B. Regulators who are interested in keeping their jobs must please both the industry and co.
Explanation:
The share-the-gains, share-the-pains theory is one that states that holds that organizations/firms must take into consideration the demands of legislators (regulators), firms in the regulated industry and consumers of the regulated products.
Therefore, in share-the-gains, share-the-pains theory, regulators who are interested in keeping their jobs must please both the industry and consumers.
Option B is the correct answer.
Price Adjustments This activity is important because as marketing managers set final prices, they start with the list (quoted) price and then make price adjustments to this price as they determine the final price. Wholesalers adjust the list price charged to retailers in the same way that retailers adjust the list price charged to consumers. The goal of this exercise is to identify examples of the three main types of special price adjustments: discounts, allowances, and geographical adjustments.Classify each price adjustment strategy as a discount, allowance, or geographical adjustment.1. To encourage Walmart to stock and carry pool chemicals as early as February, hth Pool Supplies offers Walmart a reduced pallet price on all of its chlorine and shock products for orders delivered before February 15.2. In many global trade transactions, the manufacturer prices the product at the point the producti loaded for shipping. The buyer has the ability to choose the method of shipping and must cover all shipping and handling costs. 3. Raquel has been married almost 20 years and desires a bigger engagement diamond ring. Since her initial diamond was purchased at Jareds, she is able to trade in her old ring and receive credit for its initial retail price toward the purchase of her new ring.4. Nike charges consumers $18 for a three-pack of Men's Dri-FIT crew socks and $24 for a six- pack of Men's Dri-Fit crew socks. When Joshua compared prices on the two packages of socks, he decided to purchase the six-pack since he was saving $2 per pair.5. To get Safeways to feature Capri Sun Juice Drink in a front-of-store feature. Capri Sun offered Safeway a free case of product for every 15 cases it ordered for the display.6. Amaz on offers its Prime members free two-day shipping with their Prime membership on ardless of where the customer lives.
Answers
Answer:
1. Discount
2. Geographical adjustments
3. Allowance
4. Discount
5. Allowance
6. Discount
Explanation:
1. Discount for early purchase and delivery order of chlorine and shock products
2. Geographical adjustment of price, due to shipping and handling costs
3. Allowance given to Raquel for the old ring; to help/encourage her purchase a new one (from the store)
4. Discount on the price or cost of purchase, for customers (like Joshua) who would buy more socks at a go
5. Allowance Capri Sun gives to Safeways Store, for every 15 cases of Capri Sun ordered and displayed in front of the store
6. Discount incentive/bonus Amazon is offering its Prime members. Take note of the nomenclature "Prime members". These are customers who make frequent orders or order a lot of products. Amazon is herefore offering a discount.
NOTE:
- A discount is offered to reduce the cost of purchase - which could be direct or indirect - while an allowance is given to encourage a business deal; as in numbers 3 and 5.
Answer:
a
Explanation:
A preferred stock will pay a dividend of $3.00 in the upcoming year and every year thereafter; i.e., dividends are not expected to grow. You require a return of 9% on this stock. Use the constant growth DDM to calculate the intrinsic value of this preferred stock.
A) $33.33.
B) $0.27.
C) $31.82.
D) $56.25.
Answers
Answer:
Intrinsic value of this preferred stock. = $33.33
Explanation:
Given:
Dividend per year = $3
Required rate of return = 9%
Growth rate = 0
Find:
Intrinsic value of this preferred stock.
Computation:
Intrinsic value of this preferred stock. = D / (r - g)
Intrinsic value of this preferred stock. = $3 / (9% - 0)
Intrinsic value of this preferred stock. = $33.33
The Intrinsic value of the preferred stock is $33.33.
Given Information
Dividend per year = $3
Required rate of return = 9%
Growth rate = 0
Intrinsic value of this preferred stock. = D / (r - g)
Intrinsic value of this preferred stock. = $3 / (9% - 0)
Intrinsic value of this preferred stock. = $33.33
Hence, the Intrinsic value of the preferred stock is $33.33.
Therefore, the Option A is correct.
Read more about preferred stock
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"What specific, direct benefits can a business get from acting in an environmentally responsible manner?"
Answers
Explanation:
It is correct to say that we live in a globalized world, where there is a lot of competition in the business market and where the flow of information occurs very quickly. Therefore, there is a greater demand from society for companies to be active promoters of practices that will lead to the development of society and the maintenance of scarce natural resources.
Companies that act in an environmentally responsible manner will obtain the benefits of certifying to their stakeholders that they are active agents of transformation and prevention of the environment, which can be accomplished through environmental certifications, environmental management systems, compliance with environmental legislation, etc. , which ensures that companies have a better positioning in the market, attracts more consumers and investors, in addition to improving production processes with environmental management systems, which promotes continuous improvement in the company, reducing costs and waste.
When writing a recommendation report using an indirect strategy, how should you write your subject line?
Answers
Answer:
Make a general reference to the problem, not your recommendation.
Explanation:
Given that the indirect strategy in a recommendation report is a style in which the points will first be listed and analyzed in order to impress the audience. This will suggest that the problems or points have been assessed without bias or distorting fact.
Hence, when writing a recommendation report using an indirect strategy, it is expected that the subject line by making a general reference to the problem, not your recommendation.
Predetermined overhead rates are calculated at the end of the accounting period once the actual amount of factory overhead is known
Answers
Answer:
False
Explanation:
Predetermined overhead rate is a term that describes a form of rate utilized when assigning manufacturing overhead to work-in-process supply. However, in order to derive the predetermined overhead rate, this is calculated at the inception of the term so that labors cost can be measured throughout the period instead of determining it at the end of the period.
Hence, in this case, it can easily be concluded that the statement in the question is FALSE.
The first step to creating a PPC advertising campaign on SEs is to select keywords associated with the campaign. Select one: True False
Answers
Answer:
False
Explanation:
Given that PPC is an acronym or abbreviation for Pay Per Click, and it is a form of an advertising campaign in which search engines are paid to show or display a link such as a short URL to a firm's website together with either organic search results or in another website.
Hence, the idea that the first step to creating a PPC advertising campaign on SEs is to select keywords associated with the campaign is FALSE
14. Assume that Sweeten Company used cost-plus pricing (and a markup percentage of 80% of total manufacturing cost) to establish selling prices for all of its jobs. What selling price would the company have established for Jobs P and Q
Answers
Completion Question:
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during March—Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):
Molding Fabrication Total
Estimated total machine-hours used 2,500 1,500 4,000
Estimated total fixed manufacturing
overhead $10,000 $15,000 $25,000
Estimated variable manufacturing
overhead per machine-hour $1.40 $2.20
Job P Job Q
Direct materials $13,000 $8,000
Direct labor cost $21,000 $7,500
Actual machine-hours used:
Molding 1,700 800
Fabrication 600 900
Total 2,300 1,700
Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month.
Answer:
Sweeten Company
Total manufacturing costs:
Job P Job Q
Direct materials $13,000 $8,000
Direct labor cost $21,000 $7,500
Variable overhead cost $3,220 $3,740
Fixed overhead costs $10,000 $15,000
Total manufacturing costs $47,220 $34,240
Markup (80%) $37,776 $27,392
Estimated Selling Price $84,996 $61,632
Explanation:
a) Data and Calculations:
Molding Fabrication Total
Estimated total machine-hours used 2,500 1,500 4,000
Estimated total fixed manufacturing
overhead $10,000 $15,000 $25,000
Estimated variable manufacturing
overhead per machine-hour $1.40 $2.20
Job P Job Q
Direct materials $13,000 $8,000
Direct labor cost $21,000 $7,500
Actual machine-hours used:
Molding 1,700 800
Fabrication 600 900
Total 2,300 1,700
Estimated variable
manufacturing overhead
machine-hour $1.40 $2.20
Variable Manufacturing
overhead cost $3,220 $3,740
Based on the costs and the markup percentage, the selling price of Job P would be $4,545 and for Job Q would be $1,848.
What are the predetermined overhead rates?Molding department:
= Variable overhead cost per hour + (Estimated overhead / Estimated machine hours used)
= 1.40 + (10,000 / 2,500)
= $5.40
Fabrication Department:
= 2.20 + (15,000 / 1,500)
= $12.20
Manufacturing overhead of Job P= (Molding department hours x Overhead rate) + (Fabrication department hours x Overhead rate)
= (1,700 x 5.40) + (600 x 12.20)
= $16,500
Manufacturing overhead of Job Q= (800 x 5.40) + (900 x 12.20)
= $15,300
Selling price of Job P= ((1 + markup percentage) x (Direct materials + Direct labor + Manufacturing overhead) ) / Number of Job Q units
= ( ( 1 + 80%) x (13,000 + 21,000 + 16,500)) / 20
= $4,545
Selling price of Job Q= ( ( 1 + 80%) x (8,000 + 7,500 + 15,300) ) / 30
= $1,848
In conclusion, the selling prices are $4,545 and $1,848 respectively.
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The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $400 and $200 for direct materials, and charges of $300 and $500 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of: _______a. 300% b. 80% c. 240% d. 125%.
Answers
The company that is using a predetermined overhead rate, as a percentage of direct labor costs is option d. 125%.
Calculation of the percentage:
For computing the predetermined overhead rate first determine the overhead cost of uncompleted jobs which is shown below:
= Balance shown - uncompleted jobs of direct materials - uncompleted jobs of direct labors
= $2,400 - $600 - $800
= $1,000
Now the predetermined overhead rate is
= Cost of uncompleted jobs ÷ uncompleted jobs of direct labors
= $1,000 ÷ $800
= 125%
Hence, the correct option is d. 125%
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