Answer:
$1.7
Explanation:
From the question above Kirova company recorder the following information
Number of issued common shares is 990,000
Net income is $1,436,500
Number of authorized common share is 1,000,000
Weighted average income of outstanding common shares is 845,000
Number of treasury shares is 145,000
The formular to calculate the earning per share is
= Net income/Outstanding shares
Net income= $1,436,500
Outstanding shares= number of issued common shares- number of treasury shares
= 990,000-145,000
= 845,000
Therefore, the earnings per share can be calculated as follows
= 1,436,500/845,000
= $1.7
Hence Kirova's earning per share is $1.7
Consider again the law that would require employers to provide the same package of nonwage benefits offered to full-time employees to part-time employees on a prorated basis. (For employees working 25 percent of the normal workweek, employers would pay for 25 percent of the benefit package offered to full-time employees, and so on.) Also, assume most part-time workers do not currently receive benefits. Holding output and capital constant, how would firms adjust the employment/hours mix of parttime workers?
Answer:
The increase labor cost that differs with the hours worked, there is no effect on the quasi cost.
Explanation:s
Solution
In this example stated, the benefits will be given to the part time workers, but in the proportion or respect to the number pf hours worked or input
Labor cost per hour will increase.
Furthermore, this cost is not is not on the basis of employment, but rather on the basis of hours worked, so the quasi fixed cost is not affected on the long run.
On September 1, 2021, Southwest Airlines borrows $39.4 million, of which $6.8 million is due next year. Show how Southwest Airlines would record the $39.4 million debt on its December 31, 2021, balance sheet.
Answer:
Southwest Airlines
Partial Balance Sheet December 31, 2021
Current Liabilities
Current portion of long-term debt $6,800,000
Long Term Liability
Notes Payable $32,600.000
(39,4000,000-6,800,000)
Total Liabilities $39,400,000
Hazel's receipts for the year are as follows: Gain on sale of Augusta County bonds $800 Interest on U.S. government savings bonds 400 Interest on state income tax refund 200 Interest on Augusta County bonds 700 a. Classify the following items as "Included" or "Excluded" in Hazel's gross income. Included in/Excluded from Gross Income Gain on sale of Augusta County bonds Interest on U.S. government savings bonds Interest on state income tax refund Interest on Augusta County bonds b. Hazel's gross income is $ .
Answer:
A.Gain on sale of Augusta County bonds $800
INCLUDED
Interest on U.S. government savings bonds 400
INCLUDED
Interest on state income tax refund 200
INCLUDED
Interest on Augusta County bonds 700
EXCLUDED
B.$1,400
Explanation:
A.
Gain on sale of Augusta County bonds $800
INCLUDED
Interest on U.S. government savings bonds 400
INCLUDED
Interest on state income tax refund 200
INCLUDED
Interest on Augusta County bonds 700
EXCLUDED
B. Hazel's gross income is $1,400
Gain on sale of Augusta County bonds $800
Interest on U.S. government savings bonds 400
Interest on state income tax refund 200
Total =$1,400
The following information is for Ayayai Corporation as of December 31, 2017.
Restricted Cash for Retirement of long- term debt $23,500 Additional Paid-in Capital $55,000
Equipment (cost) 111,100 Accounts Receivable 73,300
Inventory (work in process) 13,000 Inventory (raw materials) 59,600
Cash (unrestricted) 21,100 Supplies Expense 18,400
Inventory (finished goods) 33,300 Cost of Goods Sold 406,300
Equity Investments (cost) 10,000 Allowance for Doubtful Accounts 3,700
Customer Advances 12,800 Licenses 6,200
Unearned Service Revenue 36,200 Notes Receivable 19,600
Treasury Stock 13,200
The following additional information is available.
1. Inventories are valued at lower-of-cost-or-market using FIFO.
2. Treasury stock is recorded at cost.
3. Licenses are recorded net of accumulated amortization of $7,300.
4. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $37,750.
5. The equity investments have a fair value of $9,700. (Assume they are trading securities.)
6. The allowance for doubtful accounts applies to the accounts receivable.
7. The notes receivable are due in full on March 31, 2019, with interest receivable every April 30. The notes bear interest at 7%. (Hint: Accrued interest due on December 31, 2017.)
Required:
Prepare the current assets section of Flint Corporation's balance sheet with appropriate disclosures on the face of the balance sheet.
Answer:
Flint Corporation current assets section of Balance Sheet
Particulars Amount
Cash ($23,500 + 21,100) 43,600
Less: Restricted for plant expansion 23,500 21,100
Trading Securities 9,700
Accounts receivable 73,300
Less: Allowance for bad debts 3,700 69,600
Interest receivables (19,600*7%*9/12) 1,029
Inventories
Finished goods 33,300
Work in Progress 13,000
Raw materials 59,600
Total Current Assets 186,229
What effect will this adjustment have on the accounting records? Unearned Fees 6,375 Fees Earned 6,375 increase revenues reported for the period increase net income decrease liabilities All of these choices are true.
Answer:
All of these choices are true
Explanation:
Note that the accounting records in the question are merged and they are sorted first in order to answer the question correctly as follows:
Particulars Dr ($) Cr ($)
Unearned Fees 6,375
Fees Earned 6,375
The question is now answered as follows:
Unearned revenue refers to an amount of money that a company or an individual has already received for a goods or services to be delivered or provided in future.
Unearned revenue will not be recognized as income until when the goods or services to be delivered or provided.
Instead, unearned revenue will will be recorded as a liability in the balance sheet of the company as it indicates an amount of debt owed to the customers.
After the goods or services are delivered or provided, the unearned revenue will be transferred to earned revenue account, and this will reduce liabilities, increase revenue, and also increase net profit.
From this question, the adjustment indicates that services for the Unearned Fees have been provided and it is no longer a liability as Unearned Fees has now become Fees Earned. As a result, this will increase revenues reported for the period, increase net income, and decrease liabilities.
Therefore, the correct option is "All of these choices are true".
A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $233,000. The current period's entry to record the warranty expense is:
Answer:
Dr Warranty expenses 9,320
Cr Estimated Warranty Liability 9,320
Explanation:
Preparation of thecurrent period's entry to record the warranty expense for A company
Since A company estimates that the warranty expense will be 4% of sales while the sales for the current period are $233,000 this means we have to find the 4% of $233,000 which gives us 9,320.
Hence the transaction will be recorded as :
Dr Warranty expenses 9,320
(4%×233,000)
Cr Estimated Warranty Liability 9,320
Ship Co. produces storage crates that require 34.0 meters of material at $0.20 per meter and 0.30 direct labor hours at $19.00 per hour. Overhead is applied at the rate of $16 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
Answer:
Total standard cost = $103.7
Explanation:
Standard cost is the sum of the standard material cost , standard labour cost and standard overhead
Overhead = OAR × direct labour hour
= $16 × (0.30×$19.00)= 91.2
Standard cost = (34.0×$0.20) + (0.30×$19.00) + 91.2 = $103.7
Standard cost = $103.7
A company began its operations on April 1 of the current year. Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for April, May, and June. The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale. The budgeted cash collections in May are:
Answer:
Total cash collection May= $306,000
Explanation:
Giving the following information:
Sales:
April= $250,000
May= $320,000
June= $410,0000
The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale.
Cash collection May:
Sales on cash May= 320,000*0.5= 160,000
Sales on Account May= (160,000*0.6)= 96,000
Sales on Account April= (250,000*0.5)*0.4= 50,000
Total cash collection May= $306,000
Star Corp. has a rate of return on assets of 10% and a debt/equity ratio of 2 to 1 before entering into an operating lease. Not including any indirect effects on earnings, when Star Corp. records the operating lease, the immediate impact on these ratios is a(an):
Answer:
The return on assets and debt/equity ratio does not change
Explanation:
An operating lease does not affect assets and liabilities. From the formula:
Equity = Assets - Liabilities, since both assets and liabilities are not affected (they remain unchanged) therefore the equity is also the same.
The debt/ equity ratio = total liabilities/total equity. Since liabilities and equity remain unchanged, therefore The debt/ equity ratio is the same.
Also the return of assets (earnings/assets) remain the same
A popular clothing website sold five units of a dress when the price was $300 and 20 units when the price was marked down to $100. What is the own-price elasticity of demand for the dress using the midpoint formula
Answer:
300-100=200 dollars
Explanation:
g Market conditions and factors that tend not to favor first movers include A. growth in demand that depends on the development of complementary products or services that are not currently available and new industry infrastructure that is needed before buyer demand can surge B. quick market penetration and strong loyalty among first-time customers C. buyer behavior that is readily attracted to new technology or product features D. conditions that make imitation difficult and absolute cost advantages that accrue to those who make early commitments to new technologies, components, or distribution channels E. All of these choices are correct
Answer:
A. growth in demand that depends on the development of complementary products or services that are not currently available and new industry infrastructure that is needed before buyer demand can surge.
Explanation:
The first movers can be defined as a product or service that is a pioneer in the market, and therefore obtains several competitive advantages, such as the possibility of setting industry standards, exclusive agreements with suppliers and retailers, brand recognition that generates loyalty and value for the company, economies of scale and others.
Therefore, market conditions and factors that tend not to favor the first factors include the growth in demand that depends on the development of complementary products or services that are not available at the moment and the necessary new sector infrastructure before buyer demand can increase .
All other options will favor the first movers.
. Assuming the workers can shift to the production of the new TMP-20 thermostat while maintaining the same average efficiency, regardless of which assembly station they are at, what worker would you assign to each station to achieve the highest possible hourly output rate
Answer:
hello your question is incomplete attached to the answer is the complete question
Answer : The worker with the highest efficiency will be stationed at the station with the highest processing time and the highest possible hourly output rate = 60 / 2.06 ≈ 29 units
Explanation:
The maximum cycle time of the assembly line has to be reduced to get maximum output from the workers assigned to them
The assignment of workers to each station to achieve the highest possible hourly output rate is shown in the table attached below
from the table we can conclude that the maximum cycle time of the stations reduced from 2.3 mins to 2.06 mins
therefore the highest possible hourly output rate = 60 / 2.06 ≈ 29 units
If the government began providing free textbooks to college students who would otherwise have bought their books from the private sector, the government's action would result in:_______
A) a Ricardian dilemma.
B) a direct expenditure offset.
C) an increase in real Gross Domestic Product (GDP).
D) a reduction of the government deficit.
Answer:
Option (B) is the correct answer to this question.
Explanation:
As the government spends more money, businesses within the private sector typically spend less.
Specific budget offsets refer to the private-sector expenditures through which compensation was generated as a result of expansionary budgetary policy decisions becoming implemented. The private sector activities in investment profits that counter government spending behavior by the state. Some income from federal spending in an environment competing with corporate companies must be offset by any government expenditure.
Other options are incorrect because they are not related to the given scenario.
By necessity, building pro forma financial statements requires that managers make many assumptions which will not turn out to be true. Therefore, pro forma financial statements are of little use as a financial management tool.
a. True
b. False
Answer:
The given statement is false.
Explanation:
False, the pro forma is a financial record or statement prepare by the company in order to reduce the risk. It includes or shows the impact of changes in the company. Moreover, pro forma is also considered as the set of assumptions due to which investors and entrepreneurs forecast the company’s situation in the future. Therefore, it can be said the pro forma provides the approximation of business performance that is based on assumptions.
Martin runs a successful house painting business. He runs his business out of his garage, which he got converted into an office space. Martin, who had previously worked as a house painter in another company had good know-how of how to run a house-painting business. After a storm destroyed public properties in his neighboring town, he contracted with the mayor of that town to fulfill any painting jobs required during the town's reconstruction. In order to meet this demand and expand business, he hired more house painters.
According to the BRIE model, which of the following is an example of Martin's resource competency?
A. Martin hiring more house painters to meet demand
B. Martin contracting with the mayor to help paint during reconstruction
C. Martin setting up the business's office in his garage
D. Martin having prior knowledge of the house-painting business
Answer:
A. Martin hiring more house painters to meet demand
Explanation:
The BRIE model for entrepreneurship refers to:
Boundary: creating a physical place for your business and creating a mental place for your business inside your customers' mindsResources: all the physical resources that your business possesses Intention: how determined you are in making your business succeed Exchange: actually make your business generate revenue and business transactionsConsider the simple leisure model in which the individual chooses between leisure (L) and money income (M). The marginal utility of leisure (MUL) is 15 and the marginal utility of money (MUM) is 3. At the optimum, the wage rate:_______
a. $45
b. $0.20
c. $5
d. $15
Answer:
Wage rate is $5
Explanation:
The marginal utility of money=marginal utility of leisure/wage rate
When the formula is rearranged,wage rate is given thus:
wage rate=marginal utility of leisure/marginal utility of money
wage rate=15/3
wage rate =$5
In other words, the correct option is C,wage rate is $5
Option D would have been correct if the requirement was to calculate marinal utility of leisure
Using a time line The financial manager at Starbuck Industries is considering an investment that requires an initial outlay of $27 comma 000 and is expected to produce cash inflows of $2 comma 000 at the end of year 1, $6 comma 000 at the end of years 2 and 3, $ 10 comma 000 at the end of year 4, $7 comma 000 at the end of year 5, and $6 comma 000 at the end of year 6. a. Select the time line option that represents the cash flows associated with Starbuck Industries' proposed investment. b. Which of the approacheslong dashfuture value or present valuelong dashdo financial managers rely on most often for decision making? Why?
Answer:
Please check the attached image for a picture of the timeline
Present value
This is because financial managers are making decisions at the beginning of the projects. So, it is important to know if the project is successful in the present.
Explanation:
A timeline is shows events in a chronological order. The cash flows have to be arranged in accordance to the years they occurred and according to the timing of the cash flows.
I hope my answer helps you
Hilton is a staunch opponent of the Scrum transition in the team. He thinks Scrum is a fad that will pass and makes his opinion known to anybody who cares to hear. What is the best way to deal with Hilton
Answer:
Reinforce and reiterate the organization's commitment to scrum
Explanation:
The best way to deal with Hilton as in the above case is to reinforce and reiterate the organization's commitment to scrum because he is acting as a saboteur to scrum transition in the team. There is what we call synergy in a team, which signifies that a whole is better than a part hence his opinion must be ignored. The overall decision of a team in an organization supercedes that of an individual which is related to the firm's commitment on scrum.
Moreover, sending Hilton to scrum training will not be beneficial to the team because of his dislike towards the scrum transition hence the organization must make firm commitment towards scrum and ensure that Hilton's resistance is futile.
Answer:
Dealing With Hilton
Staunch Opposition of the Scrum Transition:
Ensure that well-tested steps are followed in transiting from Waterfall to Scrum. These steps include, planning for the right people, processes, support, and tools, ensuring employees are receiving the correct training on Agile and Scrum, engaging coaches who are well-versed in Agile and Scrum and their transition, and finally iterating the initial plan just like Scrum itself.
What Hilton requires is not more convincing and arguments on why Scrum is an agile framework for teamwork and project management. Instead, Hilton needs hard practical evidence. He should recruited to become a member of the team, if he is not, to ensure he gets first-hand experience about Scrum.
So, the best approach would be to accept his opinion and work from there to let him see that there is an improved difference that Scrum can bring to teamwork and project management. Beauty, they say, is in the eye of the beholder. Hilton may be a doubting Thomas like Thomas the Apostle, whose heavenly birthday Christians celebrate today. He actually needs to put his hands figuratively into the five wounds of Jesus, in order to be convinced.
Hilton should be involved in all aspects of the Scrum transition. He should be encouraged to research the Scrum framework to create better understanding. Moreover, the team leader should ensure that the framework is judiciously followed so that doubting Thomases could be convinced of the benefits. Some impactful passing fads remain with us for a longer time until a more improved "fad" emerges. This remains the truth with emerging technologies. What is important at this stage is to derive the best benefits from the Scrum framework and not to argue with Hilton whether it is a passing fad or not.
Explanation:
Scrum is an agile project framework for developing, delivering, and sustaining complex products. It was first used for software development. Now, it has been deployed in the fields of research, sales, marketing, and advanced technologies. It usually has teams of ten or fewer members, who break their work into goals that can be completed within timeboxed iterations, called sprints. The duration is about two weeks or one month. Daily meetings, called scrums, are held within 15 minutes. When the sprint ends, the team holds sprint reviews, to demonstrate the work done, and sprint retrospective to continuously improve.
The direct labor standards for a particular product are 4 hours of direct labor at $12.00 per direct labor-hour = $48.00. During October, 3,350 units of this product were made, which was 150 units less than budgeted. The labor cost incurred was $159,786 and 13,450 direct labor-hours were worked. The direct labor variances for the month were:
Answer:
Instructions are below.
Explanation:
Giving the following information:
The direct labor standards for a particular product are 4 hours of direct labor at $12.00 per direct labor-hour
Actual:
3,350 units of this product were made
The labor cost incurred was $159,786 and 13,450 direct labor-hours were worked.
To calculate the direct labor efficiency and rate variance, we need to use the following formulas:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 4*3,350= 13,400
Direct labor time (efficiency) variance= (13,400 - 13,450)*12
Direct labor time (efficiency) variance= $600 unfavorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 159,786/13,450= $11.88
Direct labor rate variance= (12 - 11.88)*13,450
Direct labor rate variance= $1,614 favorable
Applying the Cost of Goods Sold Model The following amounts were obtained from the accounting records of Enderle Company: 2019 2020 2021 Beginning inventory $38,900 (b) (d) Net purchases (a) $71,200 $91,820 Ending inventory 42,100 (c) 42,350 Cost of goods sold 83,500 90,800 (e) Required: Compute the missing amounts.
Answer:
Find below a properly aligned details of the question:
The following amounts were obtained from the accounting records of Enderle Company:
2016 2017 2018
Beginning inventory $38,900 (b (d)
Net purchases (a) $71,200 $91,820
Ending inventory 42,100 (c) 42,350
Cost of goods sold 83,500 90,800 (e)
Find all the answers and computations below
Explanation:
In the year 2016, net purchases can be computed using the cost of sales formula below:
cost of sales=beginning inventory+purchases-ending inventory
purchases=cost of sales+ending inventory-beginning inventory
purchases=$83,500+$42,100-$38,900=$ 86,700.00
Ending inventory in 2016=beginning inventory in 2017=$42,100
Ending inventory in 2017=beginning inventory+purchases-cost of sales
Ending inventory in 2017=$42,100+$72,100-$90,800=$ 23,400.00
ending inventory in 2017=beginning inventory in 2018=$23,400.00
cost of sales in 2018=beginning inventory+purchases-ending inventory
cost of sales in 2018=$23,400+$91,820 -$42,350 =$72,870
Kandy applied overhead at a rate of $9.4 per direct labor hour, and fringe benefits for workers are an additional 20% of wages. What is the standard price and standard quantity for direct labor
Answer:
(1). standard price = $4.8.
(2). standard quantity for direct labor = 0.25 hour or 15 minutes.
Explanation:
So, we are given the following data or information which is going to assist us in solving this particular question or problem, they are:
(1). "Short-sleeve T-shirts, 100-pack
= $350.00."
(2). "Long-sleeve T-shirts, 100-pack
= 400.00."
(3). "Direct labor, per hour 16.00"
(4). "Ink, 32-ounce bottle = 16.00."
(5). "Plastic bags, 100-pack = 8.00"
Soz from the question we are given that the standard quantity for direct labor = 15 minutes = 0.25 hours. Hence, the solution to the value for standard quantity for direct labor is known.
For the STANDARD PRICE:
Direct labor, per hour × { (1 + fringe benefits for workers ) × [standard quantity for direct labor/60}.
16 × { (1 + (20/100)} × 15 minutes /60 .
= $ 4.8
Complete question: Kandy Harts manufactures custom T-shirts. Each T-shirt can be imprinted front and back with photos, company logos or other information. Each T-shirt requires 2 ounces of ink, 15 minutes of direct labor (processing, folding, packaging), and a plastic bag for packaging. The following information is available regarding costs:
Short-sleeve T-shirts, 100-pack $350.00
Long-sleeve T-shirts, 100-pack 400.00
Direct labor, per hour 16.00
Ink, 32-ounce bottle 16.00
Plastic bags, 100-pack 8.00
Kandy applied overhead at a rate of $9.4 per direct labor hour, and fringe benefits for workers are an additional 20% of wages. What is the standard price and standard quantity for direct labor
(1) The Standard price is = $4.8.
(2) The Standard quantity for direct labor is = 0.25 hours or 15 minutes.
What are the Standard price and Standard quantity for labor?
Now we are given the following data or information as per the question base which is going to assist us in solving this particular question or problem, they are:
(1). The "Short-sleeve T-shirts, 100-pack
Then = $350.00."
(2). The "Long-sleeve T-shirts, 100-pack is
That is = 400.00."
(3). Then the "Direct labor, per hour 16.00"
(4). After that "Ink, 32-ounce bottle is = 16.00."
(5). Then the "Plastic bags, 100-pack is = 8.00"
After that z from the question, we are given that the standard quantity for direct labor is = 15 minutes and = 0.25 hours.
Therefore, the solution to the value for standard quantity for direct labor is known.
For the STANDARD PRICE: When the Direct labor, per hour × { (1 + fringe benefits for workers ) × [standard quantity for direct labor/60}.
Then 16 × { (1 + (20/100)} × 15 minutes /60 .
Therefore,= $ 4.8
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Tom Company incurs overhead costs each year in its three main departments, setup ($70,000), machining ($34,000), and packing ($56,000). Information about the company's two products is as follows:
Product A1 Product B1 Total
Number of setups 7 33 40
Machining hours 2,800 2,200 5,000
Orders packed 280 220 500
Number of products manufactured 560 440 1,000
If machining hours are used as a base under traditional costing, how much overhead is assigned to Product A1?
Answer:
Allocated MOH= $89,600
Explanation:
Giving the following information:
Tom Company incurs overhead costs each year in its three main departments, setup ($70,000), machining ($34,000), and packing ($56,000).
Product A1 Product B1 Total
Number of setups 7 33 40
Machining hours 2,800 2,200 5,000
Orders packed 280 220 500
Number of products manufactured 560 440 1,000
Under the traditional costing system, the company applies overhead based on a single plantwide predetermined overhead rate.
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 160,000/ 5,000
Predetermined manufacturing overhead rate= $32 per machine hour
Now, we can apply overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 32*2,800= $89,600
Jefferson Millinery Inc. (JMI) decided to liquidate its wholly owned subsidiary, 8 Miles High Inc. (8MH). 8MH had the following tax accounting balance sheet:
FMV Adjusted Basis Appreciation
Cash $200,000 $200,000
Building 50,000 10,000 $40,000
Land 150,000 200,000 (50,000)
Total $400,000 $410,000 $(10,000)
a. What amount of gain or loss does 8MH recognize in the complete liquidation?
b. What amount of gain or loss does JMI recognize in the complete liquidation?
c. What is JMI's tax basis in the building and land after the complete liquidation?
Answer:
a. What amount of gain or loss does 8MH recognize in the complete liquidation?
8MH cannot recognize any gain or loss from the liquidation.b. What amount of gain or loss does JMI recognize in the complete liquidation?
$10,000 loss. Since JMI owns more than 80% of 8MH, it must recognize any loss or gain from its liquidation.c. What is JMI's tax basis in the building and land after the complete liquidation?
Since 8MH is being liquidated, its assets will be distributed to JMI at fair market value:
Building $50,000Land $150,000Explanation:
FMV Adjusted Basis Appreciation
Cash $200,000 $200,000
Building $50,000 $10,000 $40,000
Land $150,000 $200,000 ($50,000)
Total $400,000 $410,000 ($10,000)
hyperinflation, which is extraordinarily large inflation in prices. At the peak of the hyperinflation, prices rose 25 comma 000% per month. At this rate, by what percentage would prices have risen in 1 year? In 1 day? (Assume 30 days per month.) g
Answer:
if the inflation rate was 25,000% per month
in one year, inflation rose by =(1 + 250)¹² - 1 = 62,529,457,066,666,666,666,000,000,000 - 1 = 62,529,457,066,666,666,665,999,999,999 x 100% = 6,252,945,706,666,666,666,599,999,999,900%
inflation rate per day:
250 = (1 + r)³⁰ - 1
251 = (1 + r)³⁰
³⁰√251 = 1 + r
1.2022 = 1 + r
r = 0.202234 or 20.2234% daily
Production estimates for July are as follows:
Estimated inventory (units), July 1 725
Desired inventory (units), July 31 1, 200
Expected sales volume (units), July 7,500
For each unit produced four hours of direct labor is required. The labor rate per hour is $15. The number of direct labor hours required for July production is:_________
Answer:
31,900
Explanation:
For the computation of the number of direct labor hours required for July production first we need to find out the production in units which is shown below:-
Production in units = Expected sales in Units + Ending Inventory - Beginning inventory
= 7,500 + 1,200 - 725
= 7,975
Total direct labor hours required = Production in units × Hours per unit
= 7,975 × 4
= 31,900
We simply applied the above formulas
Bob's lawn-mowing service is a profit-maximizing, competitive firm. Bob mows lawns for $30 each. His total cost each day is $250, of which $50 is a fixed cost. He mows 5 lawns a day. In the short run, Bob should_________ . In the long run, Bob should___________ the industry.
Answer:
In this case, the unitary variable cost is higher than the selling price. In the short run, Bob should leave the industry.
Explanation:
Giving the following information:
Earning a day= 30*5= $150
Unitary variable cost= (250 - 50)/5= $40
Fixed costs= $50
The general rule is that if the selling price is higher than the unitary variable cost, in the short run the company should continue operations. If this situation continues, in the long run, the company should stop operations.
In this case, the unitary variable cost is higher than the selling price. In the short run, Bob should leave the industry.
Identify whether the following activities Ere examples Of business-level or corporate level strategy.
a. A company's managers ask, "Should we increase the size of our Bluetooth wireless speaker and sell it at a higher cost?"
b. Never previously known as a computer hardware company, Microsoft decides to enter the tablet manufacturing business, producing the Microsoft Surface.
c. Managers for IBM's SPSS statistics software meet to determine how they Will market the product in the upcoming year. Their decision is to show potential clients how effective SPSS is at analyzing extremely large data sets, and how
the "Direct Marketing" part Of the program helps identify which customers will respond to advertisements.
d. The manufacturer of Chobani Yogurt decided to open a flagship store in Soho, where customers can order special yogurt creations, such as fig and walnut or cucumber and olive oil. Though it was in the business of manufacturing
yogurt for 7 years, the company never tried to run a restaurant before.
Answer: A. Business Level.
B. Corporate Level.
C. Business Level.
D. Corporate Level.
Explanation:
Business level strategies are used by a company to engage in transactions that will enable it to sell it's products and bring in profit to the company. It therefore focuses on the customers the business has.
Corporate Level strategies on the other hand are at organizing level of the Organization. In other words they deal with decisions meant to progress the company to make it bigger or more profitable. For example by selling or buying companies/ business units.
A. This is a business level activity as it focuses on the sales of their Bluetooth products.
B. This is a Corporate Level Strategy as it deals with Microsoft as an Organization entering a new market i.e diversifying for growth.
C. This is a Business level strategy as it deals with the product that the company wants to improve sales of which is SPSS.
D. This is a Corporate Level Strategy because as the text shows, the company has never tried to run a restaurant before. They are therefore diversifying and entering into a new market.
Macro Marketing, Inc., and National Food Corporation (NFC) discuss the terms of a contract. Macro then faxes NFC a memo on Macro's letterhead that summarizes the items on which they agreed, including a two-year term. Macro begins to perform, but NFC refuses to pay. Macro files a suit to collect. NFC claims that there is no contract. The transaction between Macro and NFC falls within the:_______
Answer: Statute of Frauds
Explanation:
The statute of frauds is a legal concept whereby it is required that certain forms of contracts have to be executed in writing. In this case, when there is a breach of the contract by one of the parties that are involved, then a the defendant can raise the statute of fraud as a defense.
In the question, we are told that Macro Marketing, Inc., and National Food Corporation (NFC) discuss the terms of a contract. Macro then faxes NFC a memo on Macro's letterhead that summarizes the items on which they agreed, including a two-year term. Then, Macro begins to perform, but NFC refuses to pay. Macro then files a suit to collect but NFC claims that there is no contract. It should be noted that the transaction between Macro and NFC falls within the statute of fraud
Which of the following events would cause the supply curve to decrease from Upper S 1 to Upper S 2? A. Lower expected future prices. B. An increase in the price of inputs. C. Upper A decrease in the price of inputs. D. An increase in the number of firms in the market.
An increase in the price of inputs supply curve to decrease from Upper to upper and law of supply.
Thus, The cost of production inputs is a significant component in addition to the product price, which is the primary factor according to the Law of Supply.
The cheapest price at which a business may sell a good without going bankrupt is the sum of money required to make it. Taking inputs and applying a procedure to them to produce an inputs constitutes the process of producing a good or service.
The finished good or service is the output, and the inputs are things like raw materials, labor, utilities, licensing costs, and even other goods. These materials are sometimes referred to as production factors. The cost of producing the good rises when input prices rise. And as a result, companies must sell their products at each price.
Thus, An increase in the price of inputs supply curve to decrease from Upper to upper and law of supply.
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Which of the following documents contains both the monthly payment amount and a breakdown of principal, interest, taxes and insurance
'The Note' is described as the document that involves both 'monthly,' as well as, 'disintegration' of the other amounts i.e. principal, insurance, taxes, etc.
In the context of business, 'The Note' is characterized as a legal document that aims to communicate the information regarding the loan that is issued to a beneficiary. It assists in highlighting the payment amounts and the segregation of previously decided interest, taxes, etc. along with the capital amount. that promote the effective flow of funds without any confusion. Thus, it also offers the amount that will be paid back by the beneficiary in return along with interests,Learn more about 'Insurance' here:
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The Note consists of the monthly payment amount and also consists of breakdown of the payments, taxes, insurance and interest.
In banking terms, the note is a legal document where certain details of a person like the breakdown of his :
insurance premiums, his taxes, the principal amount taken and the interest, etc. all are mentioned in the same note.The note also contains the monthly payment details of a person.
So, the answer is 'the note' is the document which contains a person monthly payment details as well as the breakdown of of the principal amount, the interest and taxes.
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