Answer:
8%
Explanation:
According to CAPM :
expected stock yield =risk free rate + (beta x market yield)
6% + 1.5 x market yield = 18%
18% - 6% = 1.5market yield
solving for market yield gives
market yield = 8%
The ratio of sales to invested assets, which is also a factor in the DuPont formula for determining the rate of return on investment, is called
Answer:
Investment turnover
Explanation:
Investment turnover is used to compare the revenue earned by a business to the invested assets (equity or debt). It measures how effectively the business is using investment to generate profit.
The number of times investment is converted to revenue is calculated using this method (that is the turnover).
This metric is used in the Dupont formula.
Dupont formula is a financial ratio that evaluates a company's ability to increase return on equity.
Three main components of the Dupont formula are: profit margin, total asset turnover, and financial leverage.
All of the following actions by a custodian in an account opened under the Uniform Gifts to Minors Act are permitted except:_______.
A. donating funds to the account to make additional investments
B. withdrawing funds from the account for the custodian's use
C. managing the investments in the account with the objective of generating enough income for college tuition
D. selling securities in the account to generate proceeds for other investments
Answer: B. withdrawing funds from the account for the custodian's use
Explanation:
Under the Uniform Gifts to Minors Act, the Custodian's duty is to manage the account for the minor and allocate the assets within in such a way that it will bring about the best returns for the minor.
Custodians should not abuse this power for their own benefit or gain which is why the custodian withdrawing funds from the account for their own use is a violation of the act.
In its most recent annual report, Appalachian Beverages reported current assets of $70,300 and a current ratio of 1.90. Assume that the following transactions were completed:_________.
(1) purchased merchandise for $6,700 on account and (2) purchased a delivery truck for $10,000, paying $2,000 cash and signing a two-year promissory note for the balance.
Compute the updated current ratio (round answers to 2 decimal places)Transaction (1) ________________Transaction (2) ________________I am not sure how to do this problem, I understand how to general compute the current ration:________.Current raion= currenct assets/current liabilitiesbut how do you do compute an update?If someone could show me how to do this correctly, I will award them lifesaver.
Answer:
Appalachian Beverages
With reported current assets of $70,300 and a current ratio of 1.90, one can work out the current liabilities from these two. The current liabilities are equal to $70,300/1.90 - $37,000. To work back, one can state that current ratio equals $70,300/$37,000 = 1.90.
Having ascertained the value of the former current liabilities, one can use the information to update the two parameters for calculating the current ratio as follows:
Current liabilities increased by $6,700 from purchase of merchandise on account and of a delivery truck by $8,000. So, the updated current liabilities equal to $37,000 + 6,700 + 8,000 = $51,700. Similarly, the current assets decreased by $2,000 for the part-payment for the delivery truck. Thus, current assets are now equal to $68,300 ($70,300 - 2,000).
Having updated the two parameters, one can then compute the updated current ratio as follows:
Current ratio = current assets/current liabilities = $68,300/$51,700 = 1.32.
Explanation:
Appalachian Beverages' current ratio shows the relationship between current assets and current liabilities and the ability of the entity to settle current liabilities with current assets.
Espinoza Company is a wholesale distributor that uses activity-based costing for all of its overhead costs. The company has provided the following data concerning its annual overhead costs and its activity based costing system:
Overhead costs:
Wages and salaries 220,000
Other expenses 150,000
Total $510,000
Distribution of resource consumption:
Filling Orders Activity Cost Pools Customer Support Other Total
Wages and salaries 35% 55% 10% 100%
Other expenses 35% 50% 15% 100%
The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The activity measures for the activity cost pools for the year are as follows:
Activity Cost Pool Activity
Filling orders 3,500 orders
Customer support 15 customers.
What would be the overall activity rate for the filling orders activity cost pool?
Answer:
Espinoza Company
Activity rate for the filling orders activity cost pool:
Overhead for filling orders divided by number of orders
= $130,500/3,500
= $37.29 per order
Explanation:
a) Data and Calculations:
Overhead costs:
Wages and salaries 220,000
Other expenses 150,000
Total $510,000
Distribution of resource consumption:
Filling Orders Activity Cost Pools
Filling Orders Customer Support Other Total
Wages and salaries 35% 55% 10% 100%
Other expenses 35% 50% 15% 100%
Filling orders 3,500 orders
Customer support 15 customers
Overhead Allocation:
Filling Orders Customer Other Total
Support
Wages and salaries $77,000 $121,000 $22,000 $220,000
Other expenses 53,500 75,000 22,500 150,000
Total $130,500 $196,000 $44,500 $370,000
Activity rate for filling orders = $130,500/3,500 = $37.29 per order
ABC or Activity Based Costing technique uses activity pools to accumulate and distribute overhead costs so that costs can be allocated based on the level of activity undertaken for each activity pool.
Espinoza Company: The Activity rate for the filling orders activity cost pool:
The Overhead for filling orders divided by the number of orders is
= $130,500/3,500
= $37.29 per order
Calculation of Costa) Data and also Calculations:
Overhead costs:
The Wages and salaries 220,000
Then Other expenses 150,000
The total is $510,000
Then Distribution of resource consumption:
After that Filling Orders Activity Cost Pools
Filling Orders Customer Support Other Total
Wages and salaries 35% 55% 10% 100%
Other expenses 35% 50% 15% 100%
Then Filling orders 3,500 orders
Then the Customer support is 15 customers
Overhead Allocation:
Filling Orders Customer Other Total
Support
Wages and salaries $77,000 $121,000 $22,000 $220,000
Other expenses 53,500 75,000 22,500 150,000
The Total $130,500 $196,000 $44,500 $370,000
Activity rate for replenishing orders = $130,500/3,500 = $37.29 per order
ABC or When The Activity Based Costing technique uses activity pools to accumulate and distribute overhead costs so that costs can be allocated based on the level of activity undertaken for each activity pool.
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You purchased a stock at a price of $48.98. The stock paid a dividend of $1.63 per share and the stock price at the end of the year was $54.12. What was the total return for the year? Multiple Choice 13.82% 10.49% 13.17% 12.51% 3.33%
Answer:
13.82%
Explanation:
The computation of total return for the year is shown below:-
Total return = (End value - Beginning value + Dividend) ÷ Beginning value
= ($54.12 - $48.98 + $1.63) ÷ $48.98
= 6.77 ÷ $48.98
= 0.13821
or
= 13.82%
Therefore for computing the total return we simply applied the above formula by considering all the information given in the question
g An increase in taxes when the economy is above full employment ______ aggregate demand and real GDP, and the price level ______.
Answer:
C. decreases; falls
Explanation:
As we know that
The rise in taxes results in low disposable income for individuals that lowered the spending of the consumer also the consumer spending is an element of the aggregate demand so ultimately it declines that result the curve to shift leftward or downward
Due to this, the real GDP also falls, and the price level too
Hence, the correct option is c.
Which of the following is true regarding the value of an option? A) Unlike the Black-Scholes formula, the Put-Call Parity suggests that the volatility of underlying asset is not a factor that affects the value of an option. B) The option premium is greater or equal to its intrinsic value because of the time premium. C) The call and put premiums are unrelated since they depend on different set of variables. D) The writer of the call option pays the same premium as the buyer of the put option. E) When the call option is out-of-the-money and the put option is in-the-money, the call must be more valuable than the put.
Answer: B) The option premium is greater or equal to its intrinsic value because of the time premium.
Explanation:
The option premium can be calculated by adding the time premium and the intrinsic value. The time premium is the part of the option premium that accounts for the time remaining till the premium matures while the intrinsic value is the difference between the value of underlying asset and the strike price.
As the time premium can be zero but never negative, the option premium can either be greater than its intrinsic value or equal to it. It cannot be lower than it because of the time premium.
If annual demand is 50,000 units, the ordering cost is $25 per order, and the holding cost is $5 per unit per year, which of the following is the optimal order quantity in order to minimize the total annual inventory cost?
A. 707
B. 909
C. 634
D. 500
E. 141
Answer:
22
3 25
6 15
a. Determine which variable is the dependent variable.
b. Compute the least squares estimated line.
c. Compute the coefficient of determination. How would you interpret this value22
3 25
6 15
a. Determine which variable is the dependent variable.
b. Compute the least squares estimated line.
c. Compute the coefficient of determination. How would you interpret this value
Issuing Stock
Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 50,000 shares of preferred 2% stock, $40 par and 1,000,000 shares of $8 par common stock. The following selected transactions were completed during the first year of operations:
Journalize the transactions.
Feb. 5. Issued 600,000 shares of common stock at par for cash.
Feb. 5
Feb. 5. Issued 1,500 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
Feb. 5
Apr. 9. Issued 45,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $100,000, $310,000, and $85,000 respectively.
For a compound transaction, if an amount box does not require an entry, leave it blank.
Apr. 9
June 14. Issued 30,000 shares of preferred stock at $53 for cash.
For a compound transaction, if an amount box does not require an entry, leave it blank.
June 14
Answer:
Feb. 5. Issued 600,000 shares of common stock at par for cash.
Dr Cash 4,800,000
Cr Common stock 4,800,000
Feb. 5. Issued 1,500 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation.
Dr Organization costs 12,000
Cr Common stock 12,000
Apr. 9. Issued 45,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $100,000, $310,000, and $85,000 respectively.
Dr Land 100,000
Dr Buildings 310,000
Dr Equipment 85,000
Cr Common stock 360,000
Cr Additional paid in capital: common stock 135,000
June 14. Issued 30,000 shares of preferred stock at $53 for cash.
Dr Cash 1,590,000
Cr Common stock 240,000
Cr Additional paid in capital: common stock 1,350,000
For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 200 units, and the total annual inventory (carrying and setup) cost is $400. What is the inventory carrying cost per unit per year for this item? $2.00 $3.00 $150.00 $1.00 not enough data to determine
Answer:
$2 per unit per year
Explanation:
The computation of the inventory carrying cost per unit per year is shown below:
Inventory Carrying cost per unit per year is
= Total Annual Inventory cost ÷ Economic order quantity
= $400 ÷ 200 units
= $2 per unit per year
By dividing the total annual inventory cost from the economic order quantity, the inventory carrying cost could come and the same is to be applied
Hence, the first option is correct
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn’s house. At the end of the current period, Emma looks over her inventory and finds that she has 800 units (products) in her basement, 25 of which were damaged by water and cannot be sold. 180 units in her van, ready to deliver per a customer order, terms FOB destination. 200 units out on consignment to a friend who owns a retail store. How many units should Emma include in her company’s period-end inventory?
Answer: 1155
Explanation:
The solution guess thus to calculate the units in Ending Inventory:
Units of product on hand: 800 units
Add: Units in transit 180
Add: Units on consignment 200
Less: Damaged units 25
The number of units that Emma should include in her company’s period-end inventory will be:
= (800+180+200) - 25
= 1180 - 25
= 1155
Budgeted production 1,092 units Actual production 905 units Materials: Standard price per ounce $1.767 Standard ounces per completed unit 12 Actual ounces purchased and used in production 11,186 Actual price paid for materials $22,931 Labor: Standard hourly labor rate $14.92 per hour Standard hours allowed per completed unit 4.0 Actual labor hours worked 4,661 Actual total labor costs $75,741 Overhead: Actual and budgeted fixed overhead $1,189,000 Standard variable overhead rate $28.00 per standard labor hour Actual variable overhead costs $130,508 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is a.$21,730.60 favorable b.$6,199.13 unfavorable c.$21,730.60 unfavorable d.$6,199.13 favorable
Answer:
Direct labor rate variance= $6,199.13 unfavorable
Explanation:
Giving the following information:
Labor:
Standard hourly labor rate $14.92 per hour
Actual labor hours worked 4,661
Actual total labor costs $75,741
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 75,741/4,661= $16.25
Direct labor rate variance= (14.92 - 16.25)*4,661
Direct labor rate variance= $6,199.13 unfavorable
The Watkins Company is decentralized, and divisions are considered investment centers. Watkins specializes in sports equipment, and one division manufactures netting that is used for basketball hoops, soccer goals, and other sports equipment. The Netting Division reports the following information for a heavy-duty basketball hoop net:
Sales Price per Unit $18
Variable Cost per Unit 6
Contribution Margin per Unit 12
The Basketball Equipment Division can purchase a similar heavy-duty net from an outside vendor for $15.
Required:
a. Determine the negotiable range for the transfer price.
b. What is the minimum transfer price the Netting Division should consider if operating at capacity?
c. What is the maximum transfer price the Basketball Equipment Division should consider?
Answer and Explanation:
a. The negotiable range for the transfer price is lies between the $6 and $18 as the netting division is suffering from losses if the selling price is less than the variable cost per unit but at the same time the maximum price for transferring the product is equivalent to the selling price i.e $18
b. The minimum transfer price is $18 in the case when operating at capacity if it is below than the minimum transfer price is $6
c. The maximum transfer price should be equivalent to the purchase price that is purchased from the outside vendor i.e $15
what is reductionasim
Answer:
Thus, the ideas that physical bodies are collections of atoms or that a given mental state (e.g., one person's belief that snow is white) is identical to a particular physical state (the firing of certain neurons in that person's brain) are examples of reductionism.
Explanation:
The ___________ incorporates a line receiver in order to convert the optical signal into the electrical regime.
a) Attenuator
b) Transmitter
c) Repeater
d) Designator
Answer: repeater
Explanation:
The attenuation is used to limits the maximum distance that occurs between an optical fiber transmitter and the receiver.
It should be noted that the repeater helps to incorporates a line receiver to convert the optical signal into the electrical regime.
Debra and Merina sell electronic equipment and supplies through their partnership. They wish to expand their computer lines and decide to admit Wayne to the partnership. Debra's capital is $200,000, Merina's capital is $160,000, and they share income in a ratio of 3:2, respectively.Required:Record Wayne's admission for each of the following independent situations:a. Wayne directly purchases half of Merina's investment in the partnership for $97,000.b. Wayne invests the amount needed to give him a one-third interest in the partnership's capital if no goodwill or bonus is recorded.
Answer:
a. Merina's captal is $160,000. Half would be $80,000.
Entry;
DR Merina, Capital ..................................................................$80,000
CR Wayne, Capital ....................................................................................$80,000
(To record purchase of half of Merina Capital)
b.
DR Cash......................................................................$180,000
CR Wayne, Capital.........................................................................$180,000
(To record Wayne investment)
Working
The current Capital amount is;
= 200,000 +160,000
= $360,000
If Wayne joins and adds to this such that he owns 1/3 then;
2/3x = 360,000
x = 360,000/2/3
x = $540,000
Wayne's share would be;
= 1/3 * 540,000
= $180,000
The journal entries that would take place will take effect as A- A debit in Merina's capital amount and Cash account as $17000 and a credit effect in Wayne's capital account. The amount of debit and credit will be $97000.
And for B- There will be Debit in Cash account effecting a credit in The Wayne's capital account. The amount effecting the debit and credit side will be $180,000.
The journal entries are added in the images attached to the answer. The entries would take place in the journal entries on the respective date of their occurrence.( Image attached below).When Wayne is introduced as partner for one third share the calculation of the amount of his capital would be shown as considering the capital as x. The capital by existing partners is $360000. (Image below).,[tex]\dfrac{2}{3}x\ = 360000[/tex]
[tex]x= \dfrac {360000}{\dfrac{2}{3}}[/tex]
Now the value of x will be calculated as
[tex]x= \dfrac{540000}{3}[/tex]
[tex]x=180000[/tex]
Therefore Wayne's capital will be calculated as $180,000, so he will be required to bring in additional $180,000 capital in the firm for getting one third share in the profits and losses of the company.Hence, the correct statements for A will be that Wayne pays $97000 which will be divided in Merina's capital and cash accounts in the proportion of $80000 and $17000 respectively.
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Paper Express Company has a balance sheet which lists $85 million in assets, $40 million in liabilities, and $45 million in common shareholders' equity. It has 1,400,000 common shares outstanding. The replacement cost of the assets is $115 million. The market share price is $90.What is Paper Express's market value per share?
Answer:
$90
Explanation:
Based on the information given we were told that after the assets was replaced at the amount of $115 million, the Company market share price was the amount of $90 which simply means that Paper Express's market value per share will be the market share price of the amount of $90.
Therefore Paper Express's market value per share will be $90.
On July 1, Shady Creek Resort borrowed $400,000 cash by signing a 10-year, 9% installment note requiring equal payments each June 30 of $62,328. What is the journal entry to record the first annual payment
Answer:
Journal Entry
Debit Credit
Interest Expense $36,000
Notes Payable $26,328
Cash $62,328
Workings
Interest portion for one year = 400,000 * 9% = $36,000
Total installment paid = $62,328
So, principal portion repaid = $62,328 - $36,000
= $26,328
If the cost of labor decreases the isocost line will A. stay the same. B. shift inward in parallel fashion. C. rotate outward around the point where only capital is employed in production. D. shift outward in parallel fashion.
Answer:
C. rotate outward around the point where only capital is employed in production.
Explanation:
Mortgage insurance rates vary with the perceived riskiness of the loan.Which of the following scenarios would result in a higher mortgage insurance premium?
A) Lower loan-to-value ratio
B) Shorter loan term
C) Stronger credit record of the borrower
D) A "cash-out" refinancing loan
Answer: D) A "cash-out" refinancing loan
Explanation:
A "cash-out" refinancing loan refers to when a person replaces the mortgage that they have on a house with a newer, larger mortgage than the balance of the previous mortgage on the house.
The difference between this new mortgage and the old one can then be withdrawn in cash.
This would attract a higher mortgage insurance premium because the value of debt has now increased because as earlier mentioned, the new mortgage will be larger than the previous one so to cater for this, the insurance premiums will rise.
The total factory overhead for Bardot Marine Company is budgeted for the year at $367,500. Bardot Marine manufactures two types of boats: speed boats and bass boats. The speedboat and bass boat each require three direct labor hours for manufacture. Each product is budgeted for 5,000 units of production for the year.
When required, round all per unit answers to the nearest cent.
A. Determine the total number of budgeted direct labor hours for the year in each department.
Fabrication direct labor hours
Assembly direct labor hours
B. Determine the departmental factory overhead rates for both departments.
Fabrication $ per dlh
Assembly $ per dlh
C. Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates.
Speedboat: $ per unit
Bass boat: $ per unit
Question Completion:
The speed boat requires 2 hours in fabrication and 1 hour in assembly. The bass boat requires 1 hour in fabrication and 2 hours in assembly.
Answer:
Bardot Marine CompanyA. Determination of the total number of budgeted direct labor hours in each department:
Speed boats Bass boats Total hours
Direct labor hours:
Fabrication 10,000 5,000 15,000
Assembly 5,000 10,000 15,000
Total 15,000 15,000 30,000
B. Determination of the departmental factory overhead rates for both departments:
Overhead rate = $367,500/30,000 = $12.25
Fabrication $ per dlh = $12.25
Assembly $ per dlh = $12.25
C. Determination of the factory overhead allocated per unit for each product using the department factory overhead allocation rates:
Speedboat: $ per unit = $36.75 ($12.25 x 3)
Bass boat: $ per unit = $36.75 ($12.25 x 3)
Explanation:
a) Data and Calculations:
Total factory overhead = $367,500
Speed Boats Bass Boats
Budgeted units 5,000 5,000
Hours per unit 3 3
Total direct labor hour 15,000 15,000
Fabrication 2 hrs 1 hr
Assembly 1 hr 2 hrs
Total direct labour hours:
Fabrication 10,000 5,000
Assembly 5,000 10,000
Effects of fixed and variable cost behavior on the risk and rewards of business opportunities LO 11-2
Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,000 per course taught. Denton pays its instructors $250 per student enrolled in the class. Both universities charge executives a $450 tuition fee per course attended.
Required
Prepare income statements for Kenton and Denton, assuming that 20 students attend a course.
Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $240 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 40 students in its course.
Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $240 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 40 students in its course.
Prepare income statements for Kenton and Denton Universities, assuming that 10 students attend a course, and assuming that both universities charge executives a $450 tuition fee per course attended.
Answer and Explanation:
The Preparation of income statement of each point is shown below:-
A. Kenton and Denton Universities
Income Statement
Particulars Kenton Denton
Revenue (20 × $450) $9,000 $9,000
Less: Instruction fees
Per course fees $5,000
Per student fee (20 × $250) $5,000
Net income $4,000 $4,000
B. Kenton Universities
Income Statement
Particulars Kenton
Revenue (40 × $240) $9,600
Less: Instruction fees
Per course fees $5,000
Net income $4,600
C. Denton Universities
Income Statement
Particulars Denton
Revenue (40 × $240) $9,600
Less: Instruction fees
Per student fee (40 × $250) $10,000
Net income -$400
D. Kenton and Denton Universities
Income Statement
Particulars Kenton Denton
Revenue (10 × $450) $4,500 $4,500
Less: Instruction fees
Per course fees $5,000
Per student fee (10 × $250) $2,500
Net income -$500 $2,000
We simply deduct all the expenses from the revenue to arrive at net income and a net loss
You purchased a stock at a price of $46.55. The stock paid a dividend of $1.79 per share and the stock price at the end of the year is $52.45. What was the dividend yield
Answer:
3.84%
Explanation:
Calculation for dividend yield
Using this formula
Dividend Yield(%) = D / P0
Where,
D=$1.79
P0=$46.55
Let plug in the formula
Dividend Yield(%) =$1.79/$46.55
Dividend Yield(%) =0.0384*100
Dividend Yield(%) =3.84%
Therefore the dividend yield will be 3.84%
Your auto dealer gives you the choice to pay $15,500 cash now, or make three payments: $8,200 now, $4,200 in one year and $3,200 in two years. If your cost of money (discount rate) is 7.25%, what is the PV of the installment plan?
Answer:
The answer is $14,898.07
Explanation:
Assume that the cost of money (discount rate) of 7.25% is on annual basis.
Present value (PV) of the installment plan is:
PV = Down payment + PV(first installment) + PV(second installment)
= $8,200 + $4,200 / (1 + 7.25%) + $3,200 / (1 + 7.25%)^2 = $14,898.07
Obviously, the three payments option is more lucrative than the 100% down payment one.
Need help with number 5
Answer:
sorry it took me so long i totally forgot to answer
Explanation:
From what Sarah is doing we can conclude that she is performing a job analysis.
Given that she is observing and trying to learn about requirements of this job.
When performing a job analysis, the analyst is trying to get relevant information about the details of a job as well as the requirements of the job.
Job analysis are carried out most of the time to determine job placements.
In conclusion We can see this from what Sarah is doing, she is observing and asking questions on what the job entails in order to write a description for the job.
All of the following statements regarding convertible bonds are true except:_________.
A. Holders of convertible bonds can generally decide whether to convert to stock.
B. Holders of convertible bonds have the potential to profit from increases in stock price.
C. Holders of convertible bonds can choose when to convert to stock.
D. Holders of convertible bonds have the option to not convert and continue receiving bond interest payments and par value at maturity.
E. Holders of convertible bonds can choose how many shares of stock to receive at conversion.
Answer: Holders of convertible bonds can choose how many shares of stock to receive at conversion
Explanation:
A convertible bond is a debt security that yields the payment of interest, but can also be converted into equity shares or common stock that are predetermined.
The option that holders of convertible bonds can choose how many shares of stock to receive at conversion is wrong. This is because the number I shares that will be eventually converted will already have been fixed.
eally Great Corporation manufactures industrial−sized landscaping trailers and uses budgeted machine−hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units 51,000 units Budgeted machine−hours 10,200 hours Budgeted variable manufacturing overhead costs for 51,000 units $387,600 Actual output units produced 35,750 units Actual machine−hours used 14,300 hours Actual variable manufacturing overhead costs $328,900 What is the budgeted variable overhead cost rate per output unit?
Answer:
$7.60 per unit of output
Explanation:
Budgeted output units 51,000 units
Budgeted machine−hours 10,200 hours
Budgeted variable manufacturing overhead costs for 51,000 units $387,600
budgeted variable overhead cost per unit of output = $387,600 / 51,000 units = $7.60 per unit of output
In this case, the applied variable overhead rate = 35,750 units x $7.60 = $271,700, which would have been under-applied since the actual variable overhead costs were much higher, $328,900.
Brodrick Company expects to produce 21,200 units for the year ending December 31. A flexible budget for 21,200 units of production reflects sales of $508,800; variable costs of $63,600; and fixed costs of $142,000. Assume that actual sales for the year are $587,200 (26,300 units), actual variable costs for the year are $113,900, and actual fixed costs for the year are $137,000. Prepare a flexible budget performance report for the year.
Answer:
Flexible budget performance report for the year
Flexible budget Actual Variance Fav/Unf
Sales 631,200 587,200 44,000 UNF
Variable cost (78,900) (113,900) 35,000 F
Contribution 416,000 368,000 48,000 UNF
margin
Fixed cost (142,000) (137,000) 5000 UNF
Net operating 274,000 231,000 43,000 UNF
income
Working:
a. At flexible budget, selling price per unit = $508,800 / 21,200 = $24 per unit . Total sales =26,300 *24 = $631,200
b. Variable cost per unit = $63,600 / 21,200 = $3 per unit . Total cost = 3 * 26,300 = 78,900
Contemporary businesses have embraced leaner corporate hierarchies, simultaneously relying on teams, eliminating division walls, and blurring the lines of authority. As teams and managers are abandoning the traditional command structure, excellent persuasive skills are becoming ever more important at work.To be persuasive, you must be respectful and _________a. Authentic b. Commanding c. Blunt d. Authoritative How has persuasion changed in the digital age? a. All businesses are in the persuasion business b. Persuasion is more complex and impersonal c. Persuasive techniques are more subtle and misleading d. Persuasive messages are slow to engage audiences e. Persuasive messages are targeted to very specific audiences
Answers:
Option a: authentic.
Option A-E of the second question are all correct.they are the characteristics of Persuasion in this digital age.
Option a. All businesses are in the persuasion business
Option b. Persuasion is more complex and impersonal
Option c. Persuasive techniques are more subtle and misleading
Option d: Persuasive messages are slow to engage audiences
Option e. Persuasive messages are targeted to very specific audiences
Explanation:
In business, persuasion is the ability to influence others especially in decision making. Persuasive skills are essential at work as teams and managers leaves traditional command structure and focus instead on influencing others. An individual must be genuinely respectful and authentic that is they are people who are very intuitive and will know any effort to manipulate them. Using authority as a way to persuade does not generate respect. Instead of a blunt,commanding, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy.
Persuasive techniques in the digital age are more subtle and misleading due to the fact that blunt, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy, nonverbal cues, e. t. c which can be more subtle and misleading
When harvesting a venture, the outright purchase of the going concern by managers, employees, or external buyers is known as going public. Question 2 options:
Answer:
In simple words, Harvesting seems to be the tool used by traders and investors to get out of business and, preferably, to recover the interest of their investments in the company. It's about more than trying to sell and having to leave a company. It includes collecting interest, risk reduction, and developing opportunities for the future.
Whenever a marketing plan includes a harvest tactic, investment firms and borrowers are convinced that the proprietors aim to establish the market and start selling it to either international shareholders or go to another corporation.