Answer: 17000F
Explanation:
The labor efficiency variance based on the information provided in the question would be calculated as:
= (Standard hours - Actual hours) × Standard rate
= (40000 - 38000) × 8.50
= 2000 × 8.50
= 17000 favourable
Note;
Standard hours = 10000 × 4 hours = 40,000 hours
An advertising campaign is:
O A. a set of games customers can play to see whether or not they like
a product.
O B. a mass media device used to make advertisements more
interactive.
OC. a method of finding the best customers by determining their race
and age.
OD. a series of targeted activities aimed to make customers aware of
a product.
Answer:
D. a series of targeted activities aimed to make customers aware of
a product.
Explanation:
Advertising is the use of media to communicate messages that create awareness of a particular product or service. It is the relaying of persuasive information to a targeted audience with the expectation of increasing the sales of a product.
An advertising campaign will involve a series of events and messages to convince the targeted audience to buy the advertised product. The campaign communicates the benefits of the advertised product and gives reasons why customers should consume it. An advertising campaign is not a single event but a series of marketing activities that could last for days, weeks, or even months.
Depreciation--Jerry Company purchased machinery for $315,000 on May 1,2020 . It is estimated that it will have an useful life of 5 years, and a salvage value of $15,000. the machine is expected to last 100,000 hours. The machine was used for 25,000 hours the first year. What is the depreciation for the first year assuming working hours method (activity method) is expected to be used
Answer:
The depreciation for the first year is $75,000
Explanation:
In working hours method the depreciation on a fixed asset is charged using the ratio of numbers of hours utilized by the asset in a period and lifetime working capacity in hours.
First, we need to calculate the Depreciable value
Depreciable value = Cost of Asset - Salvage value = $315,000 - $15,000 = $300,000
Depreciation = Depreciable value x Numbers of hours worked / Total working capacity of Asset = $300,000 x 25,000 / 100,000 = $75,000
Why are stocks considered a high-risk form of investment?
Answer:
A.
The value of stocks can rise and fall unpredictably
Explanation:
Rather than using an institutional loan, a seller extends credit to a buyer and the buyer gives the seller a deed of trust. This would be known as a/an:______
Answer:
The correct solution would be "Purchase money loan ".
Explanation:
The purchasing money allowance would be granted by that of the producer to the consumer of such the property. This is also considered as financing by the seller as well as by the owner. Those other loans are mostly utilized by borrowers who've had difficulty applying for something like a conventional mortgage leading to negative performance.Inheriting someone else’s _______ is one of the drawbacks of buying an existing business.
You make a business plan _______ you open your business.
Kinkos is an example of a _______.
One of the challenges of a new business is coming up with a workable _______.
Based on your reading, respond to the following.
List two ways to reduce the feeling of loneliness that can occur when you have your own business.
List two of the three “pro” reasons for starting your own business.
Answer:
problems
before
franchise
idea
Any two of these:
Make time to meet with clients instead of talking on the phone.
Join a business networking group.
Take business colleagues or prospects out to lunch at least once a week.
Teach a workshop in your field at the community college.
Any two of these
Freedom
Creativity
Profit
Explanation:
pf
The correct will be Answer:
Problems Before Franchise Idea Any of the two of these: When Make time to meet with the clients instead of talking on the phone. Then Join to a business with networking group. Take any business colleagues or and prospects out to lunch at least once a week. Teach any subject to a workshop in your field at the community college. The three “pro” reasons for starting your own business. Any two of these Freedom Creativity Profitself-employedLearn more about:
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A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. The depletion expense per ton of ore is:
Answer:
Depletion expense per ton = $0.625
Explanation:
Given:
Total cost = $1,500,000
Total ore = 2,000,000 tons
Salvage value = $250,000
Find:
Depletion expense per ton
Computation:
Depletion expense per ton = [Total cost - Salvage value] / Total ore
Depletion expense per ton = [$1,500,000 - $250,000] / 2,000,000
Depletion expense per ton = $0.625
Explain the tax implications of compensation in the form of salary and wages from the perspectives of the employee and employer.
Answer:
The overview including its situation becomes discussed below.
Explanation:
Representatives provide Form W-4 continue providing recruitment information to another boss. Staff may use the W-4 to track retention mostly during the period as persistence becomes handled as if it has been maintained similarly mostly during the period again for benefits of the imposed fee. Employer's post-tax benefit of wages seems to be the benefit of employment minus the charitable donation of compensation. Throughout the case of open marketplace collaborations, the task presumption towards anti-performance compensation charged to something like the CEO as well as the 3 although the most deeply compensated officials, except the CFO, increases limited to $1,000,000 per individual annually.A comparative balance sheet for Rocker Company appears below:ROCKER COMPANYComparative Balance SheetDec. 31, 2020 Dec. 31, 2019Assets Cash $34,000 $11,000Accounts receivable 18,000 13,000Inventory 25,000 17,000Prepaid expenses 6,000 9,000Long-term investments 0 17,000Equipment 60,000 33,000Accumulated depreciation-equipment (20,000) (15,000)Total assets $123,000 $85,000Liabilities and Stockholder's Equity Accounts payable $17,000 $7,000Bonds payable 36,000 45,000Common stock 40,000 23,000Retained earnings 30,000 10,000Total liabilities and stockholders' equity $123,000 $85,000Additional information:1. Net income for the year ending December 31, 2020 was $35,000.2. Cash dividends of $15,000 were declared and paid during the year.3. Long-term investments that had a cost of $17,000 were sold for $14,000.4. Sales for 2017 were $120,000.Prepare a statement of cash flows for the year ended December 31, 2020 using indirect method.
Answer and Explanation:
The preparation of the cash flow statement is presented below:
Rocker Company
Cash flow statement
Cash flow from operating activities
Net Income $35000
Adjustments made
Depreciation $5,000
Loss on sale of investments $3,000
Change in operating assets & liabilities
Less: Increase in accounts receivable -$5,000
Less: Increase in inventory -$8,000
Add: Decrease in prepaid expenses $3,000
Add: Increase in accounts payable $10,000
Net cash flow from operating activities (a) $43,000
Cash Flow from Investing activities
Sale of long term investments $14,000
Less: Purchase of equipment -$27000
Net cash Flow from Investing activities (b)-$13,000
Cash Flow from Financing activities
Dividends paid -$15,000
Less: Bonds payable paid -$9,000
Add: Common stock issued $17,000
Net cash Flow from Financing activities (c) -$7,000
Net Change in cash c = a + b + c $23,000
Add: Beginning cash balance $11,000
Closing cash balance $34,000
Multiple Choice Question 54 Outstanding stock of the Sunland Corporation included 21100 shares of $5 par common stock and 10550 shares of 5%, $10 par non cumulative preferred stock. In 2019, Sunland declared and paid dividends of $4000. In 2020, Sunland declared and paid dividends of $12600. How much of the 2020 dividend was distributed to preferred shareholders
Answer:
$5,275
Explanation:
Preferred stock dividend = 10,550 shares * $10 * 5%
Preferred stock dividend = 10,550 * 10 * 5%
Preferred stock dividend = $5,275
So therefore, the dividend distributed to preferred shareholders in 2020 was $5,275
The Willie Company has provided the following information: Operating expenses were $345,000; Income from operations was $415,000; Net sales were $1,100,000; Interest expense was $71,000; Loss from sale of investments was $87,000; Income tax expense was $58,000. What was Willie's net income
Answer:
net income = $199,000
Explanation:
In order to calculate net income, we will first start with EBIT or income from operations and then subtract income tax expense, loss from sale of investments and finally income taxes:
EBIT = $415,000Interest expense = $71,000Loss from sale of investments = $87,000Income tax expense = $58,000Net income = $199,000Gross profit is deducted from net income, as are any other expenditures and costs, as well as any other earnings and revenue sources not shown in gross profit.
For the net income according to the following question is shown in the image.
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is considering permanently shiutting down a department that has an annual contribution margin of $25,000 and $75,000 in annual fixed costs. Of the fixed costs, $19,500 cannot be avoided. What would the annual financial advantage (disadvantage) for corp. if the company shuts down the department
Answer:
Avoidable fixed costs = $75,000 - $19,500 = $55,500
Segment margin = Contribution margin - Avoidable fixed costs
Segment margin = $25,000 - $55,500
Segment margin = -$30,500
If the department were eliminated, the company would eliminate the department's negative segment margin of $30,500
On August 31, a hurricane destroyed a retail location of Carla Vista's Clothier including the entire inventory on hand at the location. The inventory on hand as of June 30 totaled $1895000. Since June 30 until the time of the hurricane, the company made purchases of $495000 and had sales of $1480000. Assuming the rate of gross profit to selling price is 40%, what is the approximate value of the inventory that was destroyed
Answer: $1,502,000
Explanation:
The destroyed stock is the closing stock on August 31.
Cost of Goods sold = Opening stock + Purchases - Closing stock
Closing stock = Opening stock + Purchases - Cost of Goods sold
Opening stock = $1,895,000
Purchases = $495,000
Gross profit is 40% of sales so Cost of Goods sold must be 60%;
= 60% * 1,480,000
= $888,000
Closing stock = 1,895,000 + 495,000 - 888,000
= $1,502,000
A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution, while service times follow an exponential distribution. If the average number of arrivals is 6 per hour and the service rate is 2 every 15 minutes.
What is the average number of customers in the system?
a. 0.50
b. 1.00
c. 2.25
d. 3.00
e. None of the above
What is the average number of customers waiting in line behind the person being served?
a. 0.50
b. 0.75
c. 2.25
d. 3.00
e. None of the above
What proportion of the time is the server busy?
a. 0.25
b. 0.50
c. 0.75
d. 2.25
e. 3.00
Solution :
The average number of the arrivals, λ = 6 per hour
Average service rate, [tex]$\mu = \frac{60 \times 2}{15}$[/tex]
= 8
Average number of the customers in the system is given by,
[tex]$= \frac{\lambda}{\mu - \lambda }$[/tex]
[tex]$= \frac{6}{8 - 6 }$[/tex]
= 3
Average number of the customers that are waiting in the line behind the person who are being served is,
[tex]$=\frac{\left(\frac{\lambda}{\mu}\right)^2}{1-\frac{\lambda}{\mu}} $[/tex]
[tex]$=\frac{\left(\frac{6}{8}\right)^2}{1-\frac{6}{8}} $[/tex]
[tex]$=\frac{(0.75)^2 }{0.25} $[/tex]
= 2.25
Proportion of the time the server is busy,
[tex]$=\frac{\lambda}{\mu}$[/tex]
[tex]$=\frac{6}{8}$[/tex]
= 0.75
A zero coupon bond pays no interest-only it face value of $1,000 at maturity. One such bond has a maturity of 18 years and an initial price of $130. What annual interest rate is earned if the bond is bought when issued and held to maturity?
Answer:
12%
Explanation:
FV = PV*(1+i)^n
FV = 1000, PV = 130, i = annual interest rate, n = 18
∴ 1000 = 130*(1+i)^18
==> (1+i)^18 = 1000/130
==> 1+i = (1000/13)^(1/18)
i = 1.12001895 - 1
i = 0.12
i = 12%
Thus, the annual interest rate is 12%
Rasha is a protectionist. He witnessed the bankruptcies of several small businesses because they could not compete with cheaper goods marketed by foreign companies. When mobile phone manufacturing has just started in the U.K., Rasha's company was a first-entrant into the market. Which argument would Rasha most likely have used to convince the government to restrict the inflow of foreign mobile phones?
Answer:
Protection of domestic infant industry
Explanation:
Since in this case, the main reason for the bankruptcy of the smaller companies was because they could not compete selling their own phones at a cheaper amount like those marketed by foreign companies.
Hence, Rasha would most likely argue that the UK government has a responsibility to protect the domestic infant industry. In other words, there should be policies created to protect locally made mobile phone companies in the UK.
Jeffery Davids has invested in something that acts like a mutual fund and that invests in hospitals all over the country. He knows there are federal laws that require this type of investment to distribute at least 90 percent of the income to shareholders and that requires there be at least 100 shareholders. What type of investment has Jefferson made?
a. REIT
b. Foreclosure
c. Direct investment
d. Participation certificate
e. Limited partnership
Answer:
Option a: REIT
Explanation:
A REIT is simply known as Real Estate Investment Trust is a firm or organization that is responsible for pooling of investor funds and thereby investing them in real estate or uses them to so as to produce both construction and mortgage loans. REITS works by enabling companies to use the combined investments of many to purchase a real estate property and it allows both small and large investors to own a share of real estate.
Types of REITs includes Equity REITs which focus on own Properties and Mortgage REITs primarily focus own Mortgage Debt. People iinvest in REITS because it provide greater diversification, potentially higher total returns and/or lower overall risk.
Jasmine (29) is filing as a single taxpayer. In 2019, she received income from the following sources:
$36,000 in wages.
Unemployment income of $4,320.
$500 in gambling winnings from a winning lottery ticket.
Jasmine also paid $2,100 in eligible student loan interest during the year. She will claim the standard deduction.
Use Schedule 1 (Form 1040), Additional Income and Adjustments to Income.
Answer:
$38,720
Explanation:
From the given information:
Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.
The taxable income can be determined as follows:
Particulars Form Amount($)
Wages (Form 1040, Line 1) 36,000
Add: Unemployed Income Schedule 1, Line 7 4,320
Add: Gambling winning Schedule 1, Line 8 500
Total Income $40,820
Less: Student loan Interest Schedule 1, Line 20 2,100
Taxable income $38,720
Park Hyatt Philadelphia has 118 king/queen rooms that it offers to both leisure and business travelers. With leisure travelers in mind, the Hyatt offers a $125 low fare for a midweek stay, which contrasts with the regular fare of $300. The forecasted demand for business travel is normally distributed with a mean of 60 customers and standard deviation of 20 customers. Assuming that leisure travelers always reserve their rooms earlier than business travelers. To maximize the revenue, the Hyatt decides to save some rooms for business travelers. The optimal number of rooms protected should be:__________ a. <60 b. >118 c. >60 d. =60
Answer:
c. >60
Explanation:
Given that:
Overage (CO) = 125
Shortage (CS) = 300
The Service level = [tex]\dfrac{CS}{CS+CO}[/tex]
[tex]=\dfrac{300}{300+125}[/tex]
[tex]=\dfrac{300}{425}[/tex]
= 0.7059
The Z value of 0.7059 is 0.55
where;
the mean [tex]\mu[/tex] = 60
the standard deviation [tex]\sigma[/tex]= 20
Optimal booking = [tex]\mu +(Z \times \sigma)[/tex]
Optimal booking = 60 + (0.55 × 20)
Optimal booking = 60 + 11
Optimal booking = 71
Accounts receivable arising from sales to customers amounted to $84,000 and $74,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $320,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
$330,000
Explanation:
Change in WC = Opening receivables - Closing receivables
Change in WC = $84,000 - $74,000
Change in WC = $10,000
The decrease in working capital is $10,000
Cash from operating activities = Net income + Decrease in Working Capital
Cash from operating activities = $320,000 + $10,000
Cash from operating activities = $330,000
Thus, the cash from operating activities is $330,000
I just wanna know how do you know the percentage please help,,,,,Marble Company purchased a machine costing $137,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight charges were $3,700. The machine requires special mounting and wiring connections costing $11,700. When installing the machine, $3,000 in damages occurred. Materials costing $3,200 are used in testing and adjusting the machine to produce a satisfactory product. Compute the cost recorded for this machine assuming Marble paid within the discount period. I just want to know how do you know the percentage no one explains!! Thank you
Answer:
$150,253.00
Explanation:
The cost to be recorded will include all the direct cost of installing the machine less the discount allowed.
The total cost of the machine will be
cost price $137,000
Freight charges $3,700
mounting & wires $11,000
testing materials $3,200
Total cost $154,900
The machine was paid with the discount period. The tern3/10, n 30 means that the buyer will get a 3% discount if they pay with ten days of the invoice date. Full payment is expected within 30 days if the buyer does not pay within ten days.
the discount amount will be 3% of $154,900
=3/100 x $154,900
=0.03 x $154,900
=$4,647.00
the amount recorded will be
=$154,900.00 - $4,647.00
= $150,253.00
Careless mining and timber harvesting in tropical forests can destroy entire species of flora and fauna, create soil problems, and even threaten the existence of primitive people who rely on what the forests provide. Yet in a number of countries, business entrepreneurs are exploiting the rain forests for profit. Under what conditions, if any, is it ethical for a mining or lumber company to harvest the resources of a rainforest
Answer:
if there are a significant amount of resources in the rainforest for it to be taken because if there isnt a plentiful amount for the animals, the animals wont get what they need which would hurt their population.
Suppose that all social programs simultaneously become more generous. In particular suppose that there is an increase in UI benefits, and also an increase in welfare benefits, which are represented in the DMP model as payments to everyone who is not in the labor force. What will be the effects on the unemployment rate, the vacancy rate, the labor force, the number of firms, the aggregate output, and the labor market tightness? Explain your results.
When a business is worth more if its assets are sold than if it continues to operate, then the business is liquidated, and the proceeds from the sale are used to satisfy any outstanding debt. Liquidation occurs when businesses file for bankruptcy under Chapter 7 of the Federal Bankruptcy Reform Act. This act provides for an equitable distribution of the debtor's assets among the creditors. The distribution of assets i:s governed by a certain priority of claims. Which of the following claimants has the highest priority according to Chapter 7? A. State taxes due B. Unsecured claims for customer deposits C. Wages due before three months of filing D. Legal and administrative fees to operate the bankrupt firm
Answer:
D. Legal and administrative fees to operate the bankrupt firm
Explanation:
Under chapter 7, priority debt includes unpaid wages, child support, income taxes, etc. But before any priority debts, non-priority debts or secured or unsecured loans are paid, the bankruptcy court and trustee is paid first. In other words, you must first pay the administrative fees and expenses resulting from the bankruptcy procedure before any debts are paid off. The trustee is the person appointed to liquidate the firm.
You are deciding between two recurring projects. Project A requires $100,000 initial investment and runs for 5 years. Project B requires an initial investment of $80,000 and will run for 3 years. However, due to the limited managerial attention, you will need to choose one out of these two projects. Please choose the appropriate methodology to compare these two projects. A. Net Present Value B. Profitability Index C. Equivalent Annual Annuity D. Return on Investments E. Discounted Payback Period
Answer:
C
Explanation:
Equivalent Annual Annuity is used to compare projects with unequal lifespans
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Discounted payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative discounted cash flows
profitability index = 1 + (NPV / Initial investment)
What trait are narcissists likely to have that is associated with leader emergence but not effectiveness?
a. high neuroticism
b. low openness to experience
c. high creativity
d. high introversion
e. low agreeableness
Answer:
c. high creativity
Explanation:
Narcissistic personality disorder is characterized by the behavior of an individual who has a great need to feel admired, this individual has a mental disorder that leads him to have an exacerbated perception of himself and his characteristics, having a vanity and a sense of very strong self-importance.
The characteristic that narcissists probably have and is associated with the emergence of the leader, but not effectiveness, may be high creativity, as such individuals can be creative in the sense of self-valuing themselves and their personal achievements, leading to even making up stories to feel valued, while the creativity present in a leader is focused on a vision of the business and management of a company and people, so it is correct to say that a leader's creativity aims to make business more efficient and improve working conditions of its employees.
12. Which of the following statements are correct: A. Percentage ownership occurs with new issuance via rights offerings. B. Market value dilution occurs when the net present value of a project is negative. C. Market value dilution increases as the net present value of a project increases. D. Book value dilution has real impact on individual shareholders.
Answer:
B. Market value dilution occurs when the net present value of a project is negative.
Explanation:
In the case when the net present value is negative that represent the firm would lose its investment made that automatically reduce the valuation of the business in near future so the market again determine the current stock price also there would be decrease in the market value of the stock so here the dilution would be taken place
Therefore the option B is correct
Materials used by Jefferson Company in producing Division C's product are currently purchased from outside suppliers at a cost of $10 per unit. However, the same materials are available from Division A. Division A has unused capacity and can produce the materials needed by Division C at a variable cost of $7.50 per unit. A transfer price of $8.50 per unit is negotiated and 30,000 units of material are transferred from Division A to Division C, with no reduction in Division A's current sales. How much would Jefferson's total income from operations increase
Answer:
$75,000
Explanation:
Since both divisions are part of Jefferson Company, intercompany sales cannot yield a profit once the balance sheet is consolidated. In this case, Jefferson Company is saving $10 - $7.50 = $2.50 per unit and since it needed 30,000 units, it saved a total of $2.50 x 30,000 = $75,000. Whenever you save money, your profits will increase by the same amount.
International trade is the subject of much debate. Many economist favor encouraging international trade, citing the benefits gained by trade. However, there are economic arguments for limiting international trade with protectionism. Classify the given statements into the appropriate category. Arguments for promoting international trade Arguments for limiting international trade with protectionism
Answer:
the arguments are missing, so I looked for similar questions and found:
The ability of a nation to consume more than it can produce domestically. ⇒ ARGUMENT FOR PROMOTING INTERNATIONAL TRADE. Excess production should be exported. The infant industry argument. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Certain new industries should be protected until they mature and become leaders. Changes in productivity associated with specialization. ⇒ ARGUMENT FOR PROMOTING INTERNATIONAL TRADE. As specialization occurs, production output increases allowing for trade benefits. The potential for other governments to subsidize firms, enabling them to charge lower prices than domestic firms can. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Since other countries subsidize their exports, we should impose tariffs to level the market. The national defense/interest argument. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Some sectors are important and should be protected. Job loss in some labor markets. / Worries about domestic labor markets. ⇒ ARGUMENT FOR LIMITING INTERNATIONAL TRADE WITH PROTECTIONISM. Imported goods result in people losing their jobs.Suppose a stock will have a return of -10% during a recession, and a return of 20% with normal market condition. If over the next year, the chance of recession is 40%, and the chance of normal condition is 60%. The stock's expected return next year is ______ %.
Answer: 8%
Explanation:
Expected return is a weighted average of the different returns that a stock will have in different economic conditions.
This stock's expected return is;
= (Probability Economic state * Return given economic state) + (Probability Economic state b * Return given economic state b)
= ( 40% * -10%) + (20% * 60%)
= 8%
A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas.
Incomplete question. I inferred you want to know if it is true or false.
Answer:
True
Explanation:
This term is often used in research by researchers to explain the reason for the hypotheses and conclusions made their work, etc. In other words, the conceptual framework paints a clearer/overall explanation of an idea.
For example, if an invention is made of a Car that uses water as fuel; such an invention must have a conceptual framework document explaining the idea behind that.
