Answer:
the following table shows the profits generated by each output quantity, assuming selling price is Rs40. Since marginal costs of production are lower than selling price, the more you sell, the higher your profit. Profit is maximized at 1,000 units = Rs35,960
Explanation:
output variable costs fixed costs total revenue profits
0 00 620 0 (620)
100 280 620 4,000 3,100
200 480 620 8,000 6,900
300 640 620 12,000 10,740
400 820 620 16,000 14,560
500 1,040 620 20,000 18,340
600 1,300 620 24,000 22,080
700 1,620 620 28,000 25,760
800 2,020 620 32,000 29,360
900 2,620 620 36,000 32,760
1000 3,420 620 40,000 35,960
Mangum Co. is a large company that segments its business into cost and profit centers. The Cost center for the manufacture of Product M2T incurred the following costs in October:
Direct Labor: $25/unit
Direct Materials: $80/unit
Variable Overhead: $15/unit
Traceable Fixed Costs: $62,000
Common Fixed Costs: $100,000
Sales were 2,000 units in October. Each unit sells for $210. The M2T Department is being evaluated on overall profitability. In September, the department margin was $100,000. By how much did the department margin increase or decrease in October?
a. $100,000 decrease
b. $118,000 increase
c. $18,000 increase
d. $82,000 decrease
Answer: c. $18,000 increase
Explanation:
Department margin was $100,000 in September.
October Margin = Sales - Variable Costs - Traceable Fixed Costs
= (2,000 *( 210 - 25 - 80 - 15) ) - 62,000
= (2,000 * 90) - 62,000
= $118,000
= October Margin - September Margin
= 118,000 - 100,000
= $18,000 increase
Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The offer price is $39 per share and the underwriter's spread is 8 percent. The administrative costs are $350,000. What are the net proceeds to the company?
Answer:
$3,596,800
Explanation:
The computation of net proceeds to the company is shown below:-
Net proceeds = Number of shares of stock × Offer price × (1 - Underwriter spread percent) - Administrative cost
= 110,000 × $39 × (1- 0.08) - $350,000
= 110,000 × $39 × 0.92 - $350,000
= $3,946,800 - $350,000
= $3,596,800
So, for determining the net proceeds we simply applied the above formula.
Looking forward to next year, if Baldwin’s current cash balance is $20,201 (000) and cash flows from operations next period are unchanged from this period and Baldwin takes ONLY the following actions relating to cash flows from investing and financing activities: Issues 100 (000) shares of stock at the current stock price Issues $200 (000) of long-term debt Pays $40 (000) in dividends Which of the following activities will expose Baldwin to the most risk of needing an emergency loan?a. Retires $20,000 (000) in long-term debtb. Liquidates the entire inventoryc. Sells $5,000 (000) of their Long-term assetsd. Purchases assets at a cost of $15,000 (000)
Answer: Purchases assets at a cost of $15,000 (000)
Explanation:
Out of the 4 options presented, 2 involves cash coming into the company which are; Sells $5,000 (000) of their Long-term assets and Liquidates the entire inventory. As these 2 bring cash into the company, they will not make Baldwin need an emergency loan.
The other 2 however, take money from the company being; Retires $20,000 (000) in long-term debt and Purchases assets at a cost of $15,000 (000). Retirement of long-term debt will have been in the budget for a long time so there would be no need for emergency funding.
The Purchase of the assets on the other hand has a less chance of being budgeted for than the long term debt retirement and being such a significant outflow, could expose Baldwin to the risk of needing to seek emergency loans.
Union Local School District has bonds outstanding with a coupon rate of 4.5 percent paid semiannually and 20 years to maturity. The yield to maturity on these bonds is 3.8 percent and the bonds have a par value of $10,000. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
$10,974.45
Explanation:
coupon rate 4.5%, semiannual = 2.25%
20 years until maturity = 40 periods
market rate 3.8%, semiannual = 1.9%
par value $10,000
market price of the bonds = PV of par value + PV of coupon payments
PV of par value = $10,000 / (1 + 1.9%)⁴⁰ = $4,710.13
PV of coupon payments = $225 x 27.84144 (PV annuity factor, 1.9%, 40 periods) = $6,264.32
market value = $4,710.13 + $6,264.32 = $10,974.45
Answer:
The dollar price of the bond is $10,974.45.
Explanation:
The dollar price of the bond, PV, can be determined as follows :
N = 20 × 2 = 40
PMT = ($10,000 × 4.5%) ÷ 2 = $225
P/YR = 2
YTM = 3.80 %
FV = $10,000
PV = ?
Using a Financial Calculator, the dollar price of the bond, PV is $10,974.45.
Choose the statement that is incorrect.
A. In the long run, a rise in the foreign price level brings dollar appreciation and a rise in the U.S. price level brings dollar depreciation.
B. In the long run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.
C. In the long run, the nominal exchange rate is a monetary phenomenon.
D. In the long run, the nominal exchange rate is determined by the quantities of money in two countries.
Answer:
B. In the long run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate.
Explanation:
As we know that in the short run there is a decline in the nominal exchange that results in a decrease of real exchange rate due to which there is a reduction of the import and the export is risen.
But in the case of the long run, if there is a change in the nominal exchange rate so the real exchange rate would remain the same
This results that if there is a change in the nominal exchange rate so it would not bring the equal change in the real exchange rate
Hence, option B is incorrect
The nation of Ectenia has 20 competitive apple orchards, which sell apples at the world price of $2 per apple. The following equations describe the production function and the marginal product of labor in each orchard:
Q= 100L -L^2
MPL 100-2L
where Q s the number of apples produced in a day, L s the number of workers, and MPL is the marginal product of labor. Now, suppose the price of apples is back at $2 per apple, but a hurricane destroys half the orchards so only 10 orchards remain. Recall that each orchard's labor demand as a function of the daily wage is L 50-0.25W.
Required:
What is the market's labor demand?
The market's labor demand is L=500−2.5W
Since labor demand as a function of the daily wage is L 50-0.25W.
Hence,
The individual labor demand curve is: L=50−0.25W
Now let determine The market labor demand curve
The market's labor demand is :
L=10(50−0.25W)
L=500−2.5W
Inconclusion The market's labor demand is L=500−2.5W
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If you were on the Federal Reserve Board and you were concerned only with reducing high unemployment, you would implement_____________ monetary policy with a focus.
a. Short-term
b. Long-term
c. Contractionary
d. Expansionary
Answer: Expansionary; Short-term
Explanation:
If you were on the Federal Reserve Board and you were concerned only with reducing high unemployment, you would implement an expansionary monetary policy with a short-term focus.
Expansionary monetary policy has the effect of putting more money into the economy. As there is now more money in the economy, the expectation is that there will be more consumption spending as well as investment. More consumption because people have more money and more investment because interest rates reduce when there is an increased money supply. As there is now more investment as well as the need to satiate the increased demand, more companies can expand and employ people thereby reducing unemployment.
This should however be done with a short term view because expansionary monetary policy will lead to higher inflation in the longer term making business operations less profitable.
For each of the items listed below, state whether they increase or decrease the balance in cumulative translation adjustments (assuming a credit balance at the beginning of the year) when the foreign currency strengthened relative to the U.S. dollar during the year.
Net Income Dividends Declared
A. Decrease Increase
B. Increase Decrease
C. Decrease Decrease
D. Increase Increase
Answer:
Option B. Increase in Net Income and decrease in Dividends
Explanation:
The weakening position of the US dollar will make US products cheaper in the international market and thus would increase the exports of the product of the company. This will increase the net income of the company. Thus after cumulative translation adjustment what we have is increased net income.
Similarly as dividend declared would be in US dollars, when preparing a translated financial statement, the dividend declared would decrease its value as the foreign currency has strengthening position.
In monopolistic competition, short-run positive economic profits of firms in the market will cause the market demand to expand.
A. True
B. False
Answer:
True
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
There are low barriers to entry r exit of firms. So, if a firm is earning economic profit in the short run, in the long run, more firms would enter into the industry.
examples of monopolistic competition are restaurants
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 89000 units on hand, the sales department budgeted sales of 390000 units in June, and the company desires to have 200000 units on hand on June 30. The budgeted cost of goods sold for June would be
Answer:
COGS= $8,370,000
Explanation:
Giving the following information:
Unitary cost= $30
Beginning inventory= 89,000
Sales= 390,000
Ending inventory= 200,000
First, we need to calculate the number of units sold:
Units sold= 89,000 + 390,000 - 200,000
Units sold= 279,000
Now, the cost of goods sold:
COGS= 279,000*30= $8,370,000
Reports that trace the entry of and changes to critical data values are called ____ and are essential in every system.
Answer:
audit trails
Explanation:
Reports that trace the entry of and changes to critical data values are called audit trails and are essential in every system.
An aircraft company has an order to refurbish the interiors of 18 jet aircraft. The work has a learning curve percentage of 80. On the basis of experience with similar jobs, the industrial engineering department estimates that the first plane will require 300 hours to refurbish. Estimate the amount of time needed to complete:
a. The fifth plane
b. The first five planes
c. All 18 planes
Answer:
a. 125.43 hours
b. 767.92 hours
c. 2,129.04 hours
Explanation:
Using the mathematical approach, we have :
y = ax ^b
Where ,
y is the average time to manufacture x units
a is the time its takes to manufacture first plane
b is the log of 80% divided by log 2
Then,
Average time for 5 planes = 300 (5)^-0.322
= 178.67 hours
Total time for 5 planes = 178.67 hours × 5
= 893.35
Average time for 4 planes = 300 (4)^-0.322
= 191.98 hours
Total time for 5 planes = 191.98 hours × 4
= 767.92 hours
The fifth plane would take = 893.35 - 767.92
= 125.43 hours
Average time for the 18 planes = 300(18)^-0.322
= 118,28 hours
Total time for 18 planes = 118,28 hours × 18
= 2,129.04 hours
A(n) _____________ activity includes those transactions and events that determine net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business. Multiple choice question. operating financing noncash investing
An operating activity includes those transactions and events that determine net income, including the purchase of merchandise, the sale of goods and services to customers, and expenditures to operate the business.
A business operates through certain actions that manage and keep the business alive. Such operating activities may include more than a couple of processes that help the business stay afloat.
The operating activities of a business include all the things that a company does to provide an ongoing flow of products and services to the market. Such activities may include setting a strategy, keeping accounts of the transactions like purchasing of merchandise, the sale of goods and services to customers, and the expenditures incurred to operate the business. Operating activities are important as they control the cash flow of the business and maybe the sole source of ensuring the business stays alive. It is directly linked to the deep-end workings of the company, like the production, sale, distribution, etc. of the company.Thus, operating activities such as the determination of the incomes, purchase of merchandise, sale of goods and services, etc. all play a huge part in the successful running of the company. It's actions such as these that determine the success or failure of the company.
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Information concerning the unexpected resignation of one or more of the registrant's directors would be disclosed on which of the following forms?
I. Form 8-Q
II. Form 8-K
I. Both I and II
II. Neither I nor II
Answer: Form 8-K
Explanation:
An 8-K is a report the corporate changes that happens at an organization. The information given in form 8-K is important to the shareholders of the organization and also to the Securities and Exchange Commission.
Events such as bankruptcy, acquisitions, resignation of directors can all be seen in the report.
Jiminy’s Cricket Farm issued a bond with 30 years to maturity and a semiannual coupon rate of 4 percent 2 years ago. The bond currently sells for 107 percent of its face value. The company’s tax rate is 21 percent. The book value of the debt issue is $60 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 10 years left to maturity; the book value of this issue is $35 million, and the bonds sell for 76 percent of par.
Required:
a. What is the company’s total book value of debt?
b. What is the company’s total market value of debt?
c. What is your best estimate of the aftertax cost of debt?
Answer:
a. What is the company’s total book value of debt?
total book value of debt = $60,000,000 + $35,000,000 = $95,000,000
b. What is the company’s total market value of debt?
total market value of debt = ($60,000,000 x 1.07) + ($35,000,000 x 0.76) = $64,200,000 + $26,600,000 = $90,800,000
c. What is your best estimate of the after tax cost of debt?
weight of debt (using market value):
$64,200,000 / $90,800,000 = 70.7%
$26,600,000 / $90,800,000 = 29.3%
YTM bond I = {1,200,000 + [(60,000,000 - 64,200,000)/56]} / [(60,000,000 + 64,200,000)/2] = 1,125,000 / 62,100,000 = 1.8115 x 2 = 3.62%
YTM bond II = (35 / 26.6)¹/¹⁰ - 1 = 2.78%
after tax cost of debt = (0.707 x 3.62% x 0.79) + (0.293 x 2.78% x 0.79) = 2.02% + 0.64% = 2.66%
One of the necessary conditions for a contestable market is that new firms entering the market have a cost advantage over the existing firms.
A. True
B. False
Answer: False
Explanation:
A contestable market is a market whereby there is entry and exit for the companies and such companies usually have low sunk costs. Such companies have access to same technology and skills.
Therefore, the conditions for a contestable market that new firms entering the market have a cost advantage over the existing firms is not true.
A piece of equipment (Asset class 15.0) was purchased by the Jones Construction Company. The cost basis was $300,000. Determine the ADS and GDS depreciation deduction for this property each year
Answer:
Alternative depreciation system (ADS depreciation) per year:
Year % depreciation expense
1 8.32% $24,960
2 16.67% $50,010
3 16.67% $50,010
4 16.67% $50,010
5 16.67% $50,010
6 16.67% $50,010
7 8.33% $24,990
General depreciation system (GDS depreciation) or MACRS per year:
Year % depreciation expense
1 20% $60,000
2 32% $96,000
3 19.20% $57,600
4 11.52% $34,560
5 11.52% $34,560
6 5.76% $17,280
In a company's annual report, the section called Management Discussion and Analysis provides critical information for interpreting the financial statements and assessing the future of the company.
A. True
B. False
Answer:
A. True
Explanation:
The section called Management Discussion and Analysis in an annual report analyzes the performance of a company, includes comments from the management about the financial statements to allow the readers to understand the information in a better way and includes the future objectives and plans. According to this, the answer is that the statement that indicates that in a company's annual report, the section called Management Discussion and Analysis provides critical information for interpreting the financial statements and assessing the future of the company is true.
Florida Curtain Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 60% of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 20% of sales and are paid during the month of sale. Other operating costs amounting to 25% of sales are to be paid in the month following the month of sales. Sales revenue is forecasted as follows:
Month Sales
February $440,000
March $450,000
April $480,000
May $500,000
June $510,000
What is the amount of fabric purchases during the month of March?
a. $480,000.
b. $336,000.
c. $288,000.
d. $300,000.
Answer:
Florida Curtain Works
1. Fabric purchases during the month of March:
c. $288,000.
Explanation:
a) Data and Calculations:
Month Sales Cost of Sales Purchases Wages Others
February $440,000 $264,000 $270,000 $88,000
March $450,000 270,000 288,000 90,000 $110,000
April $480,000 288,000 300,000 96,000 112,500
May $500,000 300,000 306,000 100,000 120,000
June $510,000 306,000 102,000 125,000
b) Florida Curtain Works can prepare its budget for the next year by estimating the cost of goods to be sold, the purchases and payments for Fabric during the month based on trade terms, and the wages and other expenses to incur. The budget helps its management to plan, prepare, exert efforts toward achieving the set targets, and analyze actual performance against budget.
Hache Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory 1,050
Materials Costs $ 8,700
Conversion Costs $ 8,500
Percent complete with respect to materials 50%
Percent complete with respect to conversion 30%
Units started into production during the month 6,600
Units transferred to the next department during the month 5,800
Materials costs added during the month $ 91,000
Conversion costs added during the month $ 126,300
Ending work in process inventory:
Units in ending work in process inventory 1,850
Percent complete with respect to materials 50%
Percent complete with respect to conversion 20%
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: (Do not round Cost per equivalent unit.)
a) $67,845
b) $38,507
c) $17,478
d) $21,797
Answer:
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797
Explanation:
Calculation of Equivalent Units of Production
Materials
Units transferred to the next department (5,800 × 100%) = 5,800
Units in ending Work In process (1,850 × 50%) = 925
Total Equivalent Units of Production for Materials = 6,725
Conversion
Units transferred to the next department (5,800 × 100%) = 5,800
Units in ending Work In process (1,850 × 20%) = 370
Total Equivalent Units of Production for Conversion Costs = 6,170
Calculation of Cost per Equivalent units of Production
Materials
Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials
= ($ 8,700 + $ 91,000) ÷ 6,725
= $14.825
Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials
= ($ 8,500 + $ 126,300) ÷ 6,170
= $21.848
Calculation of cost of ending work in process inventory
Materials ( 925 × $14.825) = $13,713.12
Conversion Cost ( 370 × $21.848) = $8,083.76
Total = $21,796.88
Thus,
The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797.
Job Searching in the Digital Age(Part II) Which of the following are job boards?
A. Open Post
B. College Grad
C. Big Careers
Users of ________ are increasingly using the sites to prospect for jobs.
Which of the following is an advantage to using networks and referral in the hidden job market?
A. Between 50 and 80 percent of all jobs are found there
B. Since there are fewer jobs in the hidden job market, a more targeted search can be conducted
C. It includes all jobs posted on job boards
Which of the following is an example of a way to search for jobs on the open job market?
A. Newspapers
B. Social networks
C. Personal networking
D. Referrals
E. Job boards
Which of the following will help protect you when posting to online job boards?
A. Include references
B. Only use sites where you publicly post
C. Only use sites where you pay to post
D. Remove your posted résumés when your job search is over
Answer and Explanation:
1. B. College Grad: college grad is a job board used by millions for their job search. Other popular job boards include: Monster, Indeed and career builder
2. Social networking:social networking sites are increasingly used today in job search. A popular example is LinkedIn which is used for professional connections and networking.
3. B. Since there are fewer jobs in the hidden job market, a more targeted search can be conducted : the hidden job market consisting of personal networking and referrals has fewer jobs but is very effective in selecting the right people for a job
4.A. Newspapers E. Job boards: open job markets consist Jon's listed publicly in newspapers, Jon boards and websites for all qualified candidates to apply. It is different from the hidden job market which is usually referral based such as in personal network and social network, former colleagues or former schoolmates and alumni groups.
5. D. Remove your posted résumés when your job search is over: use reputable sites in your job search and don't post private data. Don't jump on every job post. Endeavor to remove your resume from the site when your search is over
PureFruit Inc. prices its products higher than most of its competing brands in the packaged fruit juice industry. However, it still enjoys higher returns than its competitors because it is the only brand that can rightfully claim the use of fresh fruits and no added sugar. What kind of organizational strategy based on competitive advantage does PureFruit most likely use?
Answer:
Strategy based on differentiation
Explanation:
Please find the options to this question in the attached image
In pursing a competitive advantage by differentiation, the firm strives to make its product different from that of its competition.
The differences between the product and that of competitors are identified and communicated to consumers so they find the product more attractive.
PureFruit Inc. products are different from that of its competitors because it uses fresh fruits and no added sugar
Explain how growth in the demand for Australia's natural resources would affect the demand for Australian dollars in the foreign exchange market. Explain how the supply of Australian dollars would change.
Answer:
The question here is that of the balance of trade and the principles of demand and supply.
According to the Economics principles of demand and supply, when demand is high, prices follow in the same direction and the currency appreciates in value.
So, on one hand, when the demand for Australia's natural resources increases, because the legal tender recognised within Australia's borders is its own currency, trading partners are forced to convert from their currency into the Australian dollars thus creating an increased demand for the currency.
On the other hand, if the value of a countrys imports is more than the value of its export transactions, the opposite would happen, that is, its currency depreciates or loses value.
Cheers!
Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years $8,130 $8,031 $8,030 $7,030
Answer:
The answer is $8,030
Explanation:
Present Value (PV) = $5,000
Future Value(FV) = ?
Interest rate(r) = 7 percent
Number of years (N) = 7 years
The formula for future value is:
FV = PV(1+ r)^n
= $5,000(1+0.07)^7
$5,000(1.07)^7
$5,000 x 1.605781476
=$8,028.91
Approximately $8,030
Alternatively, we can use a Financial calculator:
N= 7; I/Y= 7, PV= -5,000 CPT FV= $8,028.91
Approximately $8,030
You are the manager of Black Spot Computers, which competes directly with Condensed Computers to sell high-powered computers to businesses. From the two businesses’ perspectives, the two products are indistinguishable. The large investment required to build production facilities prohibits other firms from entering this market, and existing firms operate under the assumption that the rival will hold output constant. The inverse market demand for computers is P = 5,900 − Q, and both firms produce at a marginal cost of $800 per computer. Currently, BlackSpot earns revenues of $4.25 million and profits (net of investment, R&D, and other fixed costs) of $890,000. The engineering department at Black Spot has been steadily working on developing an assembly method that would dramatically reduce the marginal cost of producing these high-powered computers and has found a process that allows it to manufacture each computer at a marginal cost of $500. How will this technological advance impact your production and pricing plans? How will it impact Black Spot’s bottom
Green Inc. made no adjusting entry for accrued and unpaid employee wages of $38,000 on December 31. This error would Multiple Choice Understate assets by $38,000. Overstate net income by $38,000. Understate net income by $38,000. Have no effect on net income.
Answer:
The answer is B. Overstate net income by $38,000.
Explanation:
Accrued expense is an expense that has been enjoyed or incurred but has been paid for. Examples of an accrued expense are unpaid wages/salary, unpaid electricity bill etc.
Usually, the adjusting entry for accrued expense is to debit the expense and debit increases expense while credit decreases it. Since there is no adjusting entry, that means no expense is being recognized on the income statement for this transaction. Hence, the net income increases (overstated). because ordinarily expense reduces net income.
Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.5 pounds $ 7.00 per pound $ 45.50 Direct labor 0.6 hours $ 24.00 per hour $ 14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is:
Answer:
Direct labor time (efficiency) variance= $4,560 unfavorable
Explanation:
Giving the following information:
Standard= Direct labor 0.6 hours $ 24.00 per hour $ 14.40
Actual production= 3,500 units.
2,290 direct labor-hours were used.
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 3,500*0.6= 2,100
Direct labor time (efficiency) variance= (2,100 - 2,290)*24
Direct labor time (efficiency) variance= $4,560 unfavorable
The labor efficiency variance is $4,560 unfavorable.
Calculation of the labor efficiency variance:The following formula should be used for determining the same.
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Here,
Standard quantity= 3,500*0.6= 2,100
So,
Direct labor time (efficiency) variance= (2,100 - 2,290)*24
= $4,560 unfavorable
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A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provide income. Which is the BEST recommendation
Complete Question:
A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provide income. Which is the BEST recommendation?
Group of answer choices.
A. Mid-cap common stock
B. Municipal bond
C. Bank CD
D. Treasure STRIPS
Answer:
C. Bank CD
Explanation:
In this scenario, a 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provide income. A Bank certificate of deposit (CD) is the best recommendation.
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.
As the athletic shoe buyer for Sports Authority, how would you go about forecasting sales for a new Nike running shoe?
Answer:
The answer is below
Explanation:
I would go about forecasting sales for a new Nike running shoe in the following ways:
1. Check past sales history: Examining Nike's sales history to check and differentiate which items have high sales well and those items that didn’t. This will help anticipate and forecast sales for the new Nike running shoe by putting it side by side with a similar product.
2. Conduct detailed market research: This is vital to predicting prospective sales in order to determine if the shoes will sell satisfactorily.
Making research to infer specifically the products, consumers wants will give Nike a current idea of what is in vogue. Thus, by conducting detailed research and discovering what their consumers prefer and disfavor, they will have the ability to predict sales for a new item.
As an initial transaction in a new margin account, a customer sells short 100 shares of ABC at $20 per share. After the customer deposits the appropriate margin, the credit balance in the account will be:
Answer:
$4,000
Explanation:
Regulation T initial margin to short stock is 50% of $2,000 = $1,500 . However, since this is a new account, it must meet the minimum initial margin of $2,000 required to open the account, hence $2,000 must be deposited.
Therefore, the credit balance in the account will be;
= 2,000 + 2,000 ( 100 × $20)
= $4,000