The metropolis exercise department ordered a total of one hundred baseballs and bats for the summer season baseball camp. There seventy-six bats and 24 balls had been ordered
let x no. of balls be ordered
let y no. of bats be ordered
1 ball costs $4.50 so X no. of balls will cost $4.50x
1 bat costs $20 so y no. of bats will cost $20y
the sum of the price of bats and balls is equal to $822
i.e $4.50x + $20y = $822 ----------(1)
total no. of bats and balls is 100
therefore, x + y = 100--------(2)
on multiplying (2) by 20 we get
20x + 20y = 2000-------(3)
now subtract equations (3) and (1)
20x + 20y = 2000
4.5x +20y = 822 - -. -
15.5x = 1178
X= 1178÷15.5
X= 76, now positioned the cost of X in (2)
76 + y = 100
y = 100 - 76
y = 24
There 76 bats and 24 balls have been ordered
A baseball camp in business is a program that offers baseball training and coaching services to children and young adults. These camps are usually operated by experienced baseball coaches and trainers, who aim to provide a safe and fun environment for young baseball players to develop their skills, build teamwork and sportsmanship, and improve their overall physical fitness.
Baseball camps typically offer a range of services, including skills training, game strategy and analysis, physical conditioning, and mental preparation. They may also include competitions, tournaments, and other fun activities that allow participants to showcase their skills and build camaraderie with their peers.
In terms of business, baseball camps generate revenue through registration fees and sponsorships, and may also offer merchandise sales and other services. The success of a baseball camp often depends on its reputation, quality of coaching and facilities, and ability to attract and retain participants over time.
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opportunity costs . multiple select question. should be considered in decision making are benefits lost when choosing one option over another are uncommon in decision making are part of traditional gaap-based accounting records
opportunity costs are benefits lost when choosing one option over another and should be considered in decision-making. Thus options A and B are correct.
What does the opportunity cost?Opportunity cost refers to a scenario of excess where a person has a number of options accessible and chooses one over another by weighing their relative value.
Opportunity costs can be seen in any situation where a person must choose between giving up one thing and keeping another. This hypothesis argues that economic agents choose actions that maximize gains.
Therefore, option A and B is appropriate.
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Give an alphabetical list of manufacturers who have had products sold from June 1, 2015 through June 30, 2015 inclusive. Only show manufacturer names. NOTE: Do NOT use date functions, use date literals to test for the range of dates.
The corrected SQL query to obtain the alphabetical list of manufacturers who have had products sold from June 1, 2015, through June 30, 2015 given below. The SQL command required for scenario is given a follows:
--> SELECT DISTINCT ManufacturerName--> FROM SimplifiedSales--> WHERE SaleDate BETWEEN '2015-06-01' AND '2015-06-30'--> ORDER BY ManufacturerName;How do these SQL query help to select the values?This query selects the distinct ManufacturerName values from the SimplifiedSales table where the SaleDate is between June 1, 2015, and June 30, 2015, inclusive. The ORDER BY clause orders the results alphabetically by ManufacturerName.
It's important to use the DISTINCT keyword to eliminate duplicates, and to ensure that the result is sorted by the specified column to meet the requirements of the question.
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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
Materials Conversion
Equivalent units of production in ending work in process 2,000 800
Cost per equivalent unit $13.86 $4.43
A total of 20,100 units were completed and transferred to the next processing department during the period.
Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.
Calculate the price of the units moved to the subsequent department throughout the time period as well as the price of completing the work-in-progress inventory.
What word would you use in place of subsequent?
consecutive, subsequent, ensuing, following, later, next, posterior, nearby, resultant, resulting, sequent, sequential, serial, succeeding, successional; these words all mean the same thing. Choose the adjective subsequent to describe anything that follows something else in time or order. The teacher will hopefully make following exams a little simpler if the entire class fails one. The word subsequent, which simply means "following or coming after," is from the Latin subsequi, "to follow closely."
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Given the following information, calculate margin of safety percentage:Actual sales: $100,000Contribution margin ratio: .6Fixed costs: $30,000- 50%- 40%- 45%- 55%
From the given information, the margin of safety will be 50%.
What is margin of safety?The margin of safety in break-even analysis is how much output or sales level can fall before a business reaches its break-even point. It's the difference between the expected profit and the break-even point. Current sales minus the breakeven point divided by current sales is the margin of safety formula.
For calculating margin of safety we need to first determine the break-even sales,
Break-even sales = Fixed cost/ Contribution margin ratio
= $30,000/0.6
= $50,000
Margin of safety = Actual sales- Break-even sales
= $100,000- $50,000
= $50,000
Margin of safety( in %) = $50,000/$100,000 × 100
= 50%.
Therefore, 50% is the margin of safety.
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on december 30, you make a $4,500 charitable donation. a. if you are in the 12 percent tax bracket, how much will you save in taxes for the current year? (assume your other itemized deductions exceed the standard deduction amount.) b. if you deposit that tax savings in a savings account for the next seven years at 9 percent, what will be the future value of that account? use exhibit 1-a. (round fv factor to 3 decimal places. round your answers to 2 decimal places.)
Any investment, financial account, or savings plan that is either tax-free, tax-deferred, or provides other types of tax benefits is considered to be tax-advantaged.
What does it mean to save taxes?A reduction in the amount of taxes paid by an individual, business, or other taxpayer is referred to as a tax saving. After completing an income tax return, this may reduce the amount of tax withheld or the total amount owed. Deductions, exemptions, and credits frequently result in tax savings.
What can I do to lower my taxable income?Contributing to a retirement account through an employer-sponsored plan or an individual retirement account (IRA) is a good way to lower taxable income. During the years in which contributions are made, both flexible spending accounts and health spending accounts contribute to the reduction of taxable income.
A) Tax Saving Contribution x 4500 x 12% = $540.00.
B) Future Value Tax Saving Contribution x (1+rate%) x Year 540 (1+9%) 7 540 x 1.828 = $987.12
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Select the correct answer from the drop-down menu.
Which type of college credit program does the statement describe?
The (blank) must take at the end of the course.
program is one of the more common ways to get college credit in high school. It includes an exam that you
A. international baccalaureate
B. Advance placement
C. Dual credit
D. articulated credit
Answer:
Advance placement
An international strategy is unique in that companies are selling a product that serves universal needs, but they do not Multiple Choice O focus on technology products. pursue R&D. O sell to foreign nations. Oo oo O have significant competition. understand local needs.
A global firm is one that exports internationally or offers services to customers or clients in other nations. The initial step in most organizations' global development plans is typically an international strategy, which involves exporting or importing goods and services while keeping a head office or offices in their home nation.
There is no one method that works for all business ventures that involve global expansion. Companies may decide to invest more in their target markets as they expand and scale.
In reality, businesses can pick from a wide range of models, including:
Using a central office or head office in one nation to coordinate local subsidiaries in foreign markets, transnational enterprises function. Because of this organizational structure, there is just one main brand and operational hub.
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What are the determinants of demand?Instructions: You may select more than one answer.Click the box with a check mark for correct answers and click to empty the box for the wrong answers.a. Incomeb. Price of related goodsc. A good's own priced. Technologye. Tastes and preferencesf. Resource pricesg. Number of consumers
The correct answers are Income, Price of related goods, A good's own price, Tastes and preferences, and Resource prices.
What is Income?Income is the money that is earned from sources such as employment, business, investments, and government benefits. It is the total amount of money that is received regularly, often on a monthly or yearly basis, in exchange for providing goods, services, or labor. To calculate income, all sources of income are added together and then any deductions and taxes are subtracted. Income is also known as gross income or taxable income because it is subject to taxation. Income is important because it is used to determine an individual’s eligibility for certain benefits and services, as well as their ability to pay for housing, food, and other essentials.
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Billing schemes generally fall into one of three categories: shell company schemes, nonaccomplice vendor schemes, and _______________. A. Personal purchases schemesB. Check writing schemesC. Skimming schemesD. False documentation schemes
Billing schemes generally fall into one of three categories: shell company schemes, no accomplice vendor schemes, and Personal purchases schemes. Hence, option A is appropriate.
What is the meaning of Billing Schemes?Billing fraud targets a company's payment processing infrastructure. Billing schemes are "Any system in which a person compels his employer to issue a payment by submitting bills for false goods or services, inflated invoices, or invoices for personal purchases," according to the ACFE Report to the Nations.
Shell business schemes, non-accomplice vendor schemes, and personal purchase schemes are the three categories into which billing schemes are typically divided. The sole objective of shell corporations, which are often referred to as dummy or sham companies, is to perpetrate fraud.
Hence, option A is correct.
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nayak associates performed services for $1,500 on account. this transaction would be recorded with which of the following entries?
Associates are typically entry-level positions for employees who are taking on their first job or organizational role.
Who are associates?The traditional entry-level position for workers starting their first employment or organizational role is an associate. They are placed in teams or departments based on their qualifications or history of education.
When an employee's title includes the phrase "associate," it indicates that they hold a lower-ranked position than their coworkers who do not. An associate manager, for instance, has a little less seniority than a manager.
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Which of the following statements explains the formation and purpose of a federal administrative agency? Choose 2 answers.
a. A federal administrative agency is given its authority in the U.S. Constitution.
b. Most federal administrative agencies are subject to the authority of the president, but some are independent.
c. As part of the executive branch, a federal administrative agency is formed by the president to establish regulations that will implement and enforce the law.
d. An administrative agency is formed by enabling legislation that also provides the authority to establish regulations that will implement and enforce the law.
The statements that explain the formation and purpose of a federal administrative agency are:
b. Most federal administrative agencies are subject to the authority of the president, but some are independent.d. An administrative agency is formed by enabling legislation that also provides the authority to establish regulations that will implement and enforce the law.What are federal administrative agencies ?Administrative agencies are typically created by Congress through enabling legislation, and they are charged with implementing and enforcing the laws that Congress passes.
While most federal administrative agencies are subject to the authority of the president, some are independent. This means they have a degree of autonomy from the executive branch and are intended to operate in an impartial, nonpartisan manner.
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(Table: Market for Mexican Take-Out) Use Figure: Market for Mexican Take-Out. If income changes from $1,000 to $1,400 per month, the income elasticity of demand, computed using the midpoint method at a price of $18 per Mexican take out meal, is: Table: Market for Mexican Take-OutPrice (per meal) Quantity of Meals Demanded (income = Quantity of Meals Demanded (income =$1,000 per month) $1,400 per month) 20 3 7 18 4 8 16 5 9 14 6 10 12 7 11 10 8 12 8 9 13 6 10 14 O 0.50. O 0.95. O 0.33 O 2
The elasticity based on the information will be d. 2.
How to calculate the elasticityIncome Elasticity = % change in quantity / % change in Income
% change in quantity = [(8-4)÷ (8+4)/2]*100
= 4/6*100= 66.67%
% change in Income =
[(1400-1000)÷( 1400+1000)/2] *100
= 400/ 1200*100 = 33.33%
Elasticity = 66.67/33.33= 2.00 = 2
So, this commodity is a luxury goods as income Elasticity is higher and Elastic Demand.
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The primary function of marketing and, more broadly speaking, the entire organization is to deliver value to the customer. The essential component in delivering value is the product experience, which is why it is considered the heart of marketing. Products can be classified in four ways. Two of the four classifications define the nature of the product tangibility and durability. The other two classification criteria deal with who uses the products consumers or businesses. It is important to understand the nature and use of a product because marketing strategies differ among the various product classifications. Consumers purchase thousands of products from an assortment of millions of choices. On the surface it may seem difficult to develop a classification system for the variety of products consumers purchase, but the reality is that consumer purchase habits fall into four broad categories: convenience, shopping, specialty, and unsought. Read the lists of goods and determine which respective categories they belong in. Drag and drop each item into the correct spot within the chart. Convenience Goods Watch HDTV Shopping Goods Specialty Goods Unsought Goods Gasoline Insurance Reset
Delivering value to the customer is the main goal of marketing and, in a broader sense, the complete company. The product experience, which is regarded as promotion, is crucial to providing value.
What is the Role of Customers in Marketing?A group of activities known as marketing are concerned with developing, disseminating, providing, and exchanging offerings that are valuable to other people. In business, marketing's objective is to provide value to the customers that a company seeks to attract, win over, and retain.
Nevertheless, the function of marketing in business will be the main topic of this subject. Marketing creates a range of goods and services that the company bills consumers for. The bundle consists of the selling price, a non-tangible benefit or service, and a material good.
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A company's accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sales journal, and a purchases journal. For each of the following. indicate which journal should be used to record the transaction.
The following journal should be used to record the transaction.
Cash receipts journal: records all cash received including cash sales.Cash payments journal: records all disbursements of cash including cash purchases.How do sales operate?A sale is a contract that calls for the exchange of goods or services for money, among other things. Hence, a sale is any action that involves transferring ownership of a good or service to the buyer in exchange for money.
What does the word "sales" signify when used in a commercial context?
In the context of routine business operations, a sale is any transaction in which money or value is exchanged for the right to own a good or access to a service.
All sales of goods made on credit are recorded in the sales journal.All purchases made on credit are noted in the purchases log.Transactions that cannot be recorded in a specific journal are recorded in the general journal. including modifying, shutting, and fixing errors.To know more about Sales visit:
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Complete question:
What are the transaction costs of organising the purchase of a tourism product? Compare these costs when the transaction is carried out directly by the final consumer and when it is carried out by a tourism intermediary company.
A direct distribution channel allows consumers to buy and receive goods directly from the manufacturer. An indirect channel moves products from the manufacturer through various intermediaries for delivery to the consumer.
You’re serving on a marketing team for an online client, and you’ve been asked to create a list of key performance indicators (KPIs) to help improve the effectiveness of a current online ad campaign. What are two guiding principles that will help you create these KPIs? (Choose two.)
- KPIs are available once an ad campaign is complete.
- KPIs are media-channel specific.
- KPIs should be chosen from one metric for a campaign.
- KPIs are quantifiable over a period of time.
- A KPI is a measurement of success.
The two guiding principles that will help you create these KPIs are KPIs are quantifiable over a period of time and A KPI is a measurement of success. The correct options are d and e.
What do you understand about KPIs?KPIs stand for key performance indicators, a quantifiable measure of performance over time for a specific objective. KPIs provide targets for teams to shoot for, milestones to gauge progress, and insights that help people across the organization make better decisions.
From finance and HR to marketing and sales, key performance indicators help every area of the business move forward at the strategic level.
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Refer to the graphs. Which of the following best represents a positive demand shock when prices are inflexible?
A) the shift from D2 to D3 in graph A
B) the shift from D2 to D3 in graph B
C) the shift from D2 to D1 in graph A
D) the shift from D2 to D1 in graph B
The best that is representing a positive demand shock when prices are inflexible is the shift from D2 to D3 in graph B. Thus option (B) is correct.
What is demand?In economics, demand refers to the quantity of a good or service that consumers are willing and able to purchase at a certain price and within a given period.
Demand is often illustrated as a downward sloping curve on a graph, indicating that as the price of a product decreases, the quantity demanded increases, and vice versa.
The shift from D2 to D3 in graph B best represents a positive demand shock when prices are inflexible. Therefore, option (B) is correct.
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consider the following four nations listed below. which economy started 1960 with a level of real income per person of well below that of the united kingdom and grew fast enough to catch up with and surpass the united kingdom's real income per person by 2010? a. Austria
b. Botswana
c. Honduras
d. Malaysia
Support department cost allocationBlue Mountain Masterpieces produces pictures, paintings, and other home decor. The Printing and Framing production departments are supported by the Janitorial and Security departments. Janitorial costs are allocated to the production departments based on square feet, and security costs are allocated based on asset value. Information about these departments is detailed in the following table:. Janitorial Security Printing Framing. Department Department Department DepartmentSquare feet 760 1,040 4,230 4,770Asset value $900 $1,240 $12,390 $8,610Department cost $5,200 $6,600 $33,000 $29,000Management has experimented with different support department cost allocation methods in the past. The different allocation methods did not yield large differences of cost allocation to the production departments.1. Determine which support department cost allocation method Blue Mountain Masterpieces would most likely use to allocate its support department costs to the production departments.a. Direct cost allocation method.b. Sequential cost allocation method.c. Reciprocal cost allocation method.d. None of the above.
Company Blue Mountain Masterpieces will most likely use the direct method to allocate its support department costs. Option (a) is correct.
What is the Direct Allocation Method?A strategy for allocating the expense of service departments to other areas of a company is called direct allocation. This idea is utilized to completely charge operational departments for the overhead expenses that fall within their purview.
Directly charge the manufacturing portion of the company the appropriate cost of these divisions. These expenses contribute to the production's overhead costs, which are subsequently divided between inventory and the cost of products sold. This technique takes more accounting work but gives a clearer view of how expenditures are incurred. It also has a tendency to postpone the acknowledgment of expenditures until after part of the generated items has been sold.
Therefore, Option (a) is correct.
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You wish to open a savings account to accommodate the future expense for the maintenance of a laboratory equipment. At the first 5 years, the laboratory equipment will have a constant expense of $50, and in the next five years, the equipment will have a constant increase of $30. How much should you deposit in this savings account? The interest is 3%.
pls show cash flow diagram
We will need to deposit an amount of $440.05 in the savings account in order to to have enough funds to cover the laboratory expenses over the 10-year period.
How much should you deposit in this savings account?To calculate the present value of the cash flows, we need to discount each cash flow to its present value and then add them up. We can use the present value formula for a series of cash flows: PV = C1/(1+r)^1 + C2/(1+r)^2 + ... + Cn/(1+r)^n
For the first 5 years, the cash flow is constant at $50, so we can use the formula for the present value of an annuity: PV = C*(1 - 1/(1+r)^n)/r
PV1 = 50*(1 - 1/(1+0.03)^5)/0.03
PV1 = 216.03
For the next 5 years, the cash flow increases by $30 each year, so we can use the formula for the present value of a growing annuity: PV = C*(1 - (1+g)/(1+r)^n)/(r-g) where C = 50, g = 30, r = 0.03, n = 5
PV2 = C*(1 - (1+g)/(1+r)^n)/(r-g)
PV2 = 224.02
Now, we will proceed to add the PV of the two cash flow streams to get the total present value:
= PV1 + PV2
= 216.03 + 224.02
= $440.05
Full question "Cash-flow for 10 years: $50, $50, $50, $50, $50, $50, $80, $110, $140, $170. At the first 5 years, the laboratory equipment will have a constant expense of $50, and in the next five years, the equipment will have a constant increase of $30. The interest is 3%. How much should you deposit in this savings account?
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When a new report from the Surgeon General extols the health benefits of pomegranates, assuming an upward-sloping supply curve, producer surplus in the pomegranate market: a. will increase may change, b. but we can't tell how.
c. will decrease . d. will remain the same
a. Assuming an upward-sloping supply curve, producer excess in the pomegranate market may shift when a new Surgeon General report extols the health advantages of pomegranates.
Describe the supply curve.A supply curve is a graph that depicts how the quantity a seller supplies are impacted by changes in the price of a good or service. The horizontal x-axis shows the quantity supplied, and the vertical y-axis shows the price. The curve will typically have an upward slope that is positive for most items, showing a strong correlation between the two values.
In other words, a vendor will have more of a good or service on hand the more expensive it is. A hardware store will stock more items, for instance, if the price of a lawn mower rises, or the amount a consumer pays, in an effort to boost its profit margin.
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Assume it is now December 31, 2021, and Nicole has just completed her first year of operations at Nicole’s Getaway Spa. After looking through her trial balance, she noticed that there are some items that have either not been recorded or are no longer up-to-date.
Part 1 -- For each of the items listed, identify whether an accrual adjustment, a deferral adjustment, or no adjustment is required.
Part 2 -- For each of the deferral adjustments, prepare the initial journal entry that would have been recorded.
When recording income and expenses for the first time in the accounts, an accrual entry is utilized, and a deferral is used to postpone such recognition until a later period.
What are the points of the each part?a) deferral as rent is paid in advance and expense is deferred
b) is deferral as building is purchased and depreciation expense is deferred
c) accrual as salary is accrued
d) deferral as insurance is paid in advance and expense is deferred
e) deferral as supplies are purchased and supplies expense is deferred
f) deferral as cash is received in advance and revenue is deferred
Thus, When recording income and expenses for the first time in the account.
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The missing part of the question is given below and the complete solution is attached-
Part 3 -- Prepare the adjusting entries that should be recorded for Nicole’s Getaway Spa at December 31, 2021, assuming that the items have not been adjusted prior to December 31, 2018. Use T accounts, to help you analyze.
a) Nicole’s Getaway Spa is renting its space at a cost of $600 per month. On September 1, 2021, Nicole paid eight months’ rent in advance using cash. This prepayment was recorded in the account Prepaid Rent back in September. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
b) The building, purchased at the beginning of the year for $47,000 cash, has estimated depreciation of $2,000 for 2021, but none has been recorded yet. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
c) Salaries and wages to the support staff at Nicole’s Getaway Spa have been paid up to December 26, 2021. The support staff worked both December 27 and 28 and will be paid on January 5, 2022. Salaries and wages amount to $1,000 per day. The spa was closed December 29-31. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31 15
d) The insurance policy, purchased on June 1 for $3,000 cash, provides coverage for 12 months. The part of the insurance coverage for June-December has not been used up. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
e) The unadjusted amount in the Spa Supplies account was $2,000 at December 31, 2021, for supplies purchased on account. A year-end count showed $700 of supplies remain on hand. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
f) On the last day of December, a customer obtained spa services by using a $90 gift certificate that was purchased earlier in the month. Use of the gift certificate to pay for these services had not yet been recorded. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount
At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of cash sales for the day. However, when th clerk and the supervisor count the cash in the register, the count reveals that $1,050 was actually collected from customers. Complete the following journal entry by selecting the account names and dollar amounts from the drop-down menus Date Account Title Debit Credit Sept. 1
Debit cash for $1,050, debit cash that is over and under by $9, and credit sales for $1,059 .
What happens if the cash over and short account has a credit balance at the conclusion of the term?If there is a credit balance at the end of the quarter, cash short and over should be included in other income. If it had a debit balance, it would be counted as part of other spending types. This account is used to add money to the petty cash fund.
What is it known as when the credit side of a ledger account is more than the debit side?All ledger accounts must be in balance. To balance an account implies to determine the net effect of a transaction, which is the difference between the debit and credit sides of the ledger account. If an account's debit side is higher than its credit side, it is said to have a debit balance.
Sept 1 Cash- (Dr.) 1,050
Cash over and short- (Dr.) 9
Sales- (Cr.0 1,059
Cash over and short = Cash recorded - Actual cash collected = $1,059 - $1,050 = $9
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Atteberry Corporation has two manufacturing departments-Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Machining Finishing Total Estimated total machine-hours (MHs) 6,000 4,000 10,000 Estimated total fixed manufacturing overhead cost S 30,000 S 11,200 41,200 Estimated variable manufacturing overhead cost per MH s 2.00 S 2.40 During the most recent month, the company started and completed two jobs-Job E and Job L. There were no beginning inventories. Data concerning those two jobs follow Job E Job L Direct materials 13,400 9,100 S
Direct labor cost 24,500 7,000 Machining machine-hours 4,100 1,900
Finishing machine-hours 1,600 2,400 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The total manufacturing cost assigned to Job E is closest to: (Round your intermediate calculations to 2 decimal places.) a. $73,696 b. $24,500 c. $13,400 d. $35,796
The total manufacturing cost assigned to Job E is closest to $35,796
What is the total manufacturing cost assigned to Job EFirst, we need to calculate the predetermined overhead rate for the company based on machine-hours. To do this, we add up the estimated total fixed manufacturing overhead costs and the estimated variable manufacturing overhead costs, and divide by the total estimated machine-hours:
Predetermined overhead rate = (30,000 + 11,200) + (2.00 + 2.40) = $41,204.4 / 10,000 MHs = $4.12 per MH
Using this predetermined overhead rate, we can calculate the total manufacturing cost for each job:
For Job E:
Total manufacturing cost = Direct materials + Direct labor cost + (Machining machine-hours x Predetermined overhead rate) + (Finishing machine-hours x Predetermined overhead rate)
Total manufacturing cost = 13,400 + 24,500 + (4,100 x 4.12) + (1,600 x 4.12) = $39334
Therefore, the total manufacturing cost assigned to Job E is closest to $35,796
The answer is (d) $35,796
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rizio company purchases a machine for $10,200, terms 2/10, n/60, fob shipping point. rizio paid within the discount period and took the $204 discount. transportation costs of $231 were paid by rizio. the machine required mounting and power connections costing $705. another $333 is paid to assemble the machine, and $40 of materials are used to get it into operation. during installation, the machine was damaged and $190 worth of repairs were made. Complete the below table to calculate the cost recorded for this machine.
The cost recorded for the machine purchased by Rizio Company is $11,793. The breakdown of the cost is as follows:
Price of machine: $10,200
Discount taken: -$204
Transportation costs: +$231
Mounting and power connections: +$705
Assembly costs: +$333
Installation materials: +$40
Repairs: +$190
Total cost recorded: $11,793
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Question 7 Fill in the blank: _____ is the graphical representation of information to facilitate understanding.
Statistics
Storytelling
Data visualization
Presentation
What do borrowers use to secure a mortgage loan? check all that apply. A credit carda down paymenta houselanda vehicle.
A mortgage is a contract between you and a lender that grants the lender the right to seize your property in the event that you're unfit to pay back the quantum you espoused plus interest.
Mortgage loans can be used to buy a property or to adopt plutocrat against the value of bone you presently enjoy. When used meetly, it can help you in earning plutocrat and raising your overall net worth. A mortgage is also among the least precious types of debt. Interest rates are low, and after using the mortgage deduction, you can pay indeed less because to civil and state duty impulses. You can precisely invest your plutocrat in long- term, diversified means rather than using it all to buy a house;
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In which of the following situations can you say, without further information, that consumer surplus decreases relative to the market equilibrium level?
Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the for the wrong answers.
a. Your state passes a law that pushes the interest rate (i.e., the price) for payday loans below the equilibrium rate.
b. The federal government enforces a law that raises the price of dairy goods above the equilibrium.
c. Your city passes a local property tax, under which buyers of new houses have to pay an additional 5 percent on top of the purchase price.
d. The government lowers the effective price of food purchases through a food-stamp program.
The best choice is b. When the gov't executes a law to boosts the cost of dairy products above the equilibrium, consumer surplus declines.
How is consumer surplus calculated and what does it mean?The economic measurement of a company's excess benefit is called consumer profit, also abbreviated as buyer's surplus. It is determined by examining the discrepancy between the equilibrium price—also known as the price at which consumers are willing to purchase a good—and the price they actually pay.
What exactly are producer surplus and consumer surplus?The difference that a buyer is willing to spend what and they actually spent for a product is referred to as the consumer surplus. The gap between the sale price and also the best deal a provider is willing to accept is known as the producer surplus.
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Sidewinder, Inc., has sales of $702,000, costs of $345,000, depreciation expense of $90,000, interest expense of $55,000, and a tax rate of 22 percent. The firm paid out $85,000 in cash dividends and has 38,400 shares of common stock outstanding. a. What is the earnings per share, or EPS, figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
a. To calculate earnings per share (EPS), we need to first find the net income of the company.
Net income = Sales - Costs - Depreciation - Interest - Taxes
Net income = $702,000 - $345,000 - $90,000 - $55,000 - 0.22($702,000 - $345,000 - $90,000 - $55,000)
Net income = $702,000 - $345,000 - $90,000 - $55,000 - $133,980
Net income = $78,020
Now, we can calculate EPS as:
EPS = Net income / Number of shares
EPS = $78,020 / 38,400
EPS = $2.03 (rounded to two decimal places)
Therefore, the earnings per share (EPS) figure is $2.03.
b. To calculate dividends per share, we divide the total cash dividends by the number of shares:
Dividends per share = Total cash dividends / Number of shares
Dividends per share = $85,000 / 38,400
Dividends per share = $2.21 (rounded to two decimal places)
Therefore, the dividends per share figure is $2.21.
Fill in the missing value in the table below
Economics
The values based on the information given in the table will be:
1. Real GDP = 14925.591
2. Nominal GDP = 15783.762
3. Price Index = 1.052
4. Nominal GDP = 16966.49
5. Price Index = 1.087
6. Real GDP = 16518.66
What is Real GDP about?Real gross domestic product (GDP), which refers to the volume level of GDP, is GDP expressed at constant prices. By quantifying the values of all the goods and services produced in a given year in terms of a base period, one can derive constant price estimates of GDP.
However, nominal GDP is divided by the price index multiplied by 100 to get real GDP. The price index's value for the base year is set at 100 to make comparisons easier. Prices were typically lower prior to the base year, so those GDP estimates had to be inflated in order to be comparable to the base year.
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