Linden, Inc. uses a 6,900 square foot factory space that it rents for $3,500 a month for all its manufacturing activities. Linden has decided to switch to an activity-based costing system, and has identified its activities as follows: Preparation and Setup, Machining, Finishing, and Quality Control. 3,100 square feet of the factory are used for machining, while 1,400 square feet (each) are used for Preparation and Setup and Quality Control. Finishing uses 1,000 square feet. When assigning indirect costs to each activity, how much factory rent should be assigned to the Preparation and Setup cost pool
Answer: $710.14
Explanation:
Out of the total space of 6,900 square foot, Preparation and Setup uses 1,400 out of this.
Rent is $3,500
The total rent to be apportioned to it will therefore be;
= 1,400/6,900 * 3,500
= $710.14
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
For more such questions on opportunity costs
https://brainly.com/question/30191275
#SPJ8
Norton Company has accounts receivable of $40,000 in its general ledger at July 31: During August, the following transactions occurred. Aug. 1 Added 1% finance charges to $13,000 of credit card balances for not paying within the 30 day grace period. 15 Sold $21,000 of accounts receivable to Iron Factors Inc. who charge a 4% commission. 28 Collected $8,000 from Norton credit card customers which included $400 of finance charges previously billed.
Required:
a. Journalize the transactions.
b. Indicate the statement presentation of finance and service charges.
1.The journal entries to record the transactions of Norton Company during August are as follows:
Aug. 1 Debit Interest Receivable $130
Credit Interest Revenue $130
Aug. 15 Debit Accounts Receivable (Iron Factors Inc.) $20,160
Debit Sales Commission $840
Credit Sales Revenue $21,000
4% commission.
Aug. 28 Debit Cash $8,000
Credit Accounts Receivable (Norton credit card) $7,600
Credit Interest Receivable $400
2. The statement presentation of finance and service charges is as follows:
Income Statement:Interest revenue $130 (Credit)
Sales commission $840 (Debit)
Data and Calculations:Accounts receivable at July 31 = $40,000
Transactions:Aug. 1 1% finance charges to $13,000 = $130 ($13,000 x 1%)
Aug. 1 Interest Receivable $130 Interest Revenue (finance charges) $130
Aug. 15 Accounts Receivable (Iron Factors Inc.) $20,160 Sales Commission $840 Sales Revenue $21,000
4% commission.
Aug. 28 Cash $8,000 Accounts Receivable (Norton credit card) $7,600 Interest Receivable $400
Learn more about journalizing transactions at https://brainly.com/question/17201601
Merritt Equipment Company sells computers for $1,630 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2017, the company sold 950 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $40 for parts and $60 for labor. (Assume sales all occur at December 31, 2017.)
In 2018, Merritt incurred actual warranty costs relative to 2017 computer sales of $11,200 for parts and $16,800 for labor.
Required:
a. Under the expense warranty approach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018.
i. To record sale of computers
ii. To record estimated warranty expense
iii. To record expenditures towards warranty
Answer:
For this given question, find the entries recorded on the transactions (accrual method) for 2017 and 2018.
Explanation:
Solution
Entries on the above transactions (accrual method) for 2017 and 2018.
Date Particulars Debit ($) Credit ($)
2017 Accounts Receivable
(1630*950) 1548500
Sales revenue 1548500
(To record sale of computers)
2017 Warranty Expense
(40+60)*950 95000
Warranty Liability 95000
To record liability against warranty costs)
2018 Warranty Liability 28000
Inventory 11200
Cash, Accrued payroll 16800
Cyber security system had a sales of 3,400 units at $70 per unit lasy year. The marketing manager projects a 25 percent increase in unit volume sales this year with a 20 percent price increase. Returned merchandise will represent 6 percent of total sales.
The marketing manager anticipates a 20 percent price increase this year and a 25 percent increase in unit volume sales. 6 percent of total sales will be made up of returned goods.
Determine the anticipated sales for this year using the provided data in the manner shown below:3,400 units were sold last year in total.
Last year, the cost per unit was $70.
3,400 times $70, or $238,000, was the total amount of sales last year.
Unit volume sales are anticipated to increase by 25%.
20% is the estimated price increase.
Total anticipated unit sales for this year are 3,400 multiplied by 1.25 to equal 4,250 units.
Price per unit anticipated for this year: $70 multiplied by 1.20, or $84 per unit. Estimated total sales revenue for this year is $357,000 (4,250 x $84).
Returns, which account for 6% of total sales, must be taken into account. Therefore, we must deduct this sum from the anticipated sales: Returns anticipated = 6% x $357,000 = $21,420 This year's anticipated net sales revenue is $357,000 - $21,420, or $335,580. As a result, $335,580 is the estimated net sales revenue for the cyber security system for this year. 3,400 units of cyber security systems were sold last year at a cost of $70 each. The marketing manager anticipates a 20 percent price increase this year and a 25 percent increase in unit volume sales. 6 percent of total sales will be made up of returned goods.
To Know more about marketing Visit:
brainly.com/question/13414268
#SPJ1
a. What is 15% of 1000?
b. A store is offering a 15% off sale on all TVs. The most popular television is normally priced at $1000. How much money would a customer save on the television during this sale?
$150
Explanation:
bc its is just that
Answer:
$150
Explanation:
15% of 1000
0.15 x 1000 =
150
Convert the percentage into a decimal and then multiply.
The difference between your sales and your cost of goods sold is known as your what
Answer:
profit.
Explanation: its just right
who is appointed by the owner to manage an existing Business?
Directors are the persons appointed to direct and supervise the affairs of a company. As per section 2(34) of the Companies Act 2013 director means a director appointed to the board of a company.
Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
learn more about capital: https://brainly.com/question/13372465
#SPJ1
the firm requires a safety stock of 12000 worth of inventory even with no sales. however, for each 1-unit (1000) increase in sales, inventory needs to increase by 1000*0.10=100 to support sales. if the firm expects 45000 in sales this coming year it requires ________ in inventory to support sales.
A. 18000 B.18500 C14000 D16500 E.14500
The intercept has no meaningful interpretation but the beta parameter (slope) says that for each additional centimeter of a plants base diameter the model predicts that the plant will gow to be 7.5cm higher, if a plant has a base diameter of 30cm the regression model predicts a height of _____ using base diameter as a predictor of plant height this model explains 45% of the variation in sales
A. 216.4 B. 227.3 D.225.5 E.223.8
an agricultural researcher has gathered average temperature and harvest data from a sample of orange gorwers in florida over the past 40 years the researcher ran a regression of oranges harvested in tons on the average temperature in the month preceding the harvest the regression results were oranges harvested =30.2+.40(average temperature) r-square=.40 interpretation this regression model predicts about ______ of the variation in the orange harvest. if the average temperature in the month preceding this year harvest is 64 degrees fahrenheit the model predicts the orange harvest will be ____ if the average temperature were 1 degreee fahreheit higher the expected orange harvest woud be ____ more
The answer to the first question is D. 16500. This is calculated by adding 12000 (the safety stock) plus 45000 (the expected sales) multiplied by 0.10 (the amount of inventory required for each 1-unit increase in sales).
The answer to the second question is A. 216.4. This is calculated by multiplying 30 (the base diameter) by 7.5 (the beta parameter or slope). The answer to the third question is 40% and 66.2 tons and 6.2 tons, respectively. This is calculated by using the given regression equation (oranges harvested =30.2+.40(average temperature)). If the average temperature is 64 degrees Fahrenheit, the predicted orange harvest is 30.2 + (40*64) = 66.2 tons. If the average temperature were 1 degree Fahrenheit higher, the expected orange harvest would be 6.2 tons more (66.2 + 6.2 = 72.4).
To know more about Inventory:
https://brainly.com/question/28916857
#SPJ4
The financial analysis component of a business plan is to describe
a. how your business will be organized and what type of management or department structure
your business will have
b. the ?big picture? behind your business, what your business has to offer the consumer, and
why your business will be successful
c. the size of the market, how your business will fit into the market, and how your business will
stand out from other businesses in the market
d. where the funds to start and operate your business will come from, when you expect to see
profit, and how much profit you expect to see
Answer:
Option D
Explanation:
Option D explains more in terms of financial aspects
Answer:
D.where the funds to start and operate your business will come from, when you expect to see profit, and how much profit you expect to see.
Explanation:
Did on edge 2021
The difference between the lower class limits of adjacent classes provides?
Answer:
C
Explanation:
importance of constitutional law to Ghana's development
The importance of constitutional law to Ghana's development is it establishes the structure, procedures, powers and duties of the government, structure of the judiciary and legislature, and spells out the fundamental rights and duties of citizens.
What is constitutional law?It is body of law based on a ratified constitution or similar formative charter dealing with the fundamental principles by which a government exercises its authority. The the body of rules, doctrines, and practices that govern the operation of political communities is known as constitutional law.
Learn more about constitutional law here
https://brainly.com/question/14918421
#SPJ1
Which of the following is likely to increase the value of a country's currency?
Higher interest rates in a country can increase the value of that country's currency relative to nations offering lower interest rates. Political and economic stability and the demand for a country's goods and services are also prime factors in currency valuation.
python for data Science and al
Answer:
This is line 1
Explanation:
The function would read the first line of the file. To read all the lines, you need to make a for loop and then print every line in the file.
Hope this helps!
write shirt note on :
a) personal functions of office.
Answer:
The office is the brain of a whole organization. The office performs a clerical function such as information collection, recording analyzing, distribution of information and executive function such as planning, policies formulation, organization, decision making etc.
A shop can sell at most 200 pairs of socks and at most 100 pairs of shoes. To maximize the profit, they have decided to make 2 offers. Offer 1 is a package of 1 pair of socks and 1 pair of shoes. Offer 2 is a package of 3 pairs of socks and 1 pair of shoes. The shop sells offer 1 for 30$ and offer 2 for 50$. They also want to sell at least 20 packages of offer 1 and at least 10 packages of offer 2. How many packages of each offer do they have to sell to maximize the profit
Answer:
50 packages of offer 1 and 50 packages of offer 2
Explanation:
Determine How many packages of each offer do they have to sell to maximize the profit
Number of package of offer 1 = x
Number of package of offer 2 = y
Applying the LPP model
max Z = 30 x + 50 y ---- ( 1 )
now subject to the constraints from Linear programming
x + 3y ≤ 200 ------ L1
x + y ≤ 100 ------ L2
x ≥ 20 ------------- L3
y ≥ 10 -------------- L4
therefore the number of packages of each offer that can be sold to maximize profit will be : X = 50 and Y = 50 referring to equation from the LPP model considering that the shop can sell at most 100 pairs
In this exercise, you practiced making associations where there often is none. The most effective times to use his type of “stretching” your mental muscles are _______ creative activities.
A.
Before and after
B.
During and after
C.
Before and during
D.
None of the above
In a communist economy all economic activities are controlled by?
Answer:
benefits of quality management
The value of the U.S. dollar compared to the currencies of major U.S. trading
partners is known as the:
A. global-reserve value of the U.S. dollar.
OB. free-market value of the U.S. dollar.
OC. trade-weighted value of the U.S. dollar.
D. inflation-adjusted value of the U.S. dollar.
How to make money investing online
Put a little money into an online savings account every week (and invest it elsewhere once you have more)
Enroll in your employer’s retirement plan and start investing 1%
Open an IRA and choose your own investments
Invest with a robo-advisor
Invest a small chunk of money in the stock market
Invest in real estate through a crowdfunding platform
Invest in mutual funds with low minimums (many companies waive the account minimum when you enroll in automatic investing)
define debt economics.
Answer:
Debt, Something owed. Anyone having borrowed money or goods from another owes a debt and is under obligation to return the goods or repay the money, usually with interest. For governments, the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt
why is digital presence is important
Give 3 reasons
I will give brainliest answer
Answer:
1.)A “digital presence” simply refers to how your business appears online; it's what people find when they search for your business or company on the internet. Digital presence includes content that you control, like your website and social media profiles, but also content that you don't control, such as online reviews.
2.)Job Security:This may seem like it should go without saying, but keeping a professional online presence is very important to keep your job! Your employers need to know that you are not going to hurt the brand and image of the company. ... Then keeping your online presence professional is key.
3.)The Importance of Having an Online Presence is Crucial Now More Than Ever. During this pandemic, it is critical businesses must be online. Having an online presence can help you build an audience, connect with your customers, and keep them updated on your day to day activities, as well as hours of operation.
The Information available for XYZ Inc. for the year ending March 31, 20XX is as follows:
Cash in hand = $2,000
Cash at bank = $5,000
Equity capital = $ 100,000
Machinery = $15,000
Land and buildings = $50,000
Creditors = $ 20,000
Debtors = $ 48,000
Prepare a balance sheet for XYZ Inc. with the help of the above given data.
If the Information available for XYZ Inc. The balance sheet for XYZ Inc is Assets $120,000, Liabilities and equity $120,000.
How to prepare the balance sheet?XYZ Inc. Balance Sheet as of March 31, 20XX
Assets:
Cash in hand = $2,000
Cash at bank = $5,000
Machinery = $15,000
Land and buildings = $50,000
Debtors = $48,000
Total Assets = $120,000
Liabilities and Equity:
Creditors = $20,000
Equity capital = $100,000
Total Liabilities and Equity = $120,000
Therefore the balance sheet for XYZ Inc is Assets $120,000, Liabilities and equity $120,000.
Learn more about balance sheet here:https://brainly.com/question/1113933
#SPJ1
The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory
If Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 643,825 $ 426,650 $ 391,300 Ending inventory 97,400 87,750 92,500 compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2:
a) Inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2
Inventory turnover =$426,650/($92,500+$87,750)/2
Inventory turnover=$426,650/$90,125
Inventory turnover=4.7 times
Days' sales in inventory=$87,750/$ 426,650×365 days
Days' sales in inventory=$87,750
Days' sales in inventory=75.07 days
b) Inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3
Inventory turnover=$643,825 /($87,750+$97,400)/2
Inventory turnover=$643,825/$92,575
Inventory turnover=6.95 times
Days' sales in inventory=$97,400/$643,825×365 days
Days' sales in inventory=55.22 days
Learn more here:
https://brainly.com/question/15520316
What happens when demand decreases while supply increases
Explanation: When demand decreases while supply increases, it creates a situation of surplus, also known as oversupply. This is because there is now more supply available in the market than there is demand for it, leading to a surplus of goods or services.
As a result, businesses may have to lower their prices to incentivize consumers to purchase their products or services. This can lead to a decrease in revenue for the businesses and potentially even lower profits. In some cases, businesses may also need to reduce their supply in response to the decrease in demand.
If the surplus persists over a longer period, businesses may also need to cut costs, such as reducing staff or production capacity, in order to remain profitable. This can have broader economic implications, such as rising unemployment rates and a decrease in overall economic activity.
Overall, a decrease in demand while supply increases can have negative consequences for businesses and the economy as a whole.
Answer: When demand increases and supply increases it leads to reduction in the equilibrium price.
Explanation:
The market price will fall as a result of a decline in demand and an increase in supply because, for any quantity, consumers now place a lower value on the item and producers are ready to accept a lower price.
For information on equilibrium price refer,
https://brainly.com/question/13846894
4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.
One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.
What is EEO Compliance ?It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.
Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.
Find out more on HR Departments at https://brainly.com/question/18651669
#SPJ1
Question 10 (5 points)
Company policy for internal control should include all of the following except for
which one?
Employees will be rotated.
Monthly bank statements should be sent to and reconciled by the same
employees who authorize payments and write checks.
At time of payment, all supporting invoices or documents will be stamped "paid."
The owner (or responsible employee) signs all checks after receiving
authorization to pay from the departments concerned.
Answer:
Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks
Explanation:
What type of information is NOT found on a consumer's credit report?
A)
bankruptcies or tax liens
B)
employment history
C)
current and past addresses
D)
personal medical information
PLEASE HELP!!!!!!
Type the correct answer in the box.
Spell all words correctly.
George has to present the goals of information management to his team member. What is a goal of information management?
The goal of information management is to identify information requirements for various
levels.
The goal of information leadership is to identify the information needs of various management levels.
The appropriate and optimised capture, storage, retrieval, and use of information is referred to as information management (IM). It could be personal or organisational information management. IM for organisations refers to a cycle of organisational activity that includes the acquisition of data from one or more sources, the custodianship and distribution of that information to those who require it, and its eventual disposal via archiving or deletion.
This information organisation cycle involves a number of stakeholders, including those responsible for ensuring the quality, accessibility, and utility of acquired information; those responsible for its safe storage and disposal; and those who require it for decision making.
Learn more about information, here:
https://brainly.com/question/14694336
#SPJ1