Gelb Company currently manufactures 43,000 units per year of a key component for its manufacturing process. Variable costs are $2.95 per unit, fixed costs related to making this component are $73,000 per year, and allocated fixed costs are $77,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.70 per unit. Calculate the total incremental cost of making 43,000 units and buying 43,000 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier
Answers
Answer:
It is cheaper to buy the component. At this level of production by $40,750.
Explanation:
Giving the following information:
Production= 43,000 units
Variable costs are $2.95 per unit
Avoidable Fixed costs= $73,000 per year
Unavoidable fixed costs= $77,500 per year.
The company is considering buying this component from a supplier for $3.70 per unit.
We need to calculate the cost of producing and buying and choose the best option.
Production:
Total cost= 43,000*2.95 + 73,000= $199,850
Buy:
Total cost= 43,000*3.7= $159,100
It is cheaper to buy the component. At this level of production by $40,750.
Related Questions
The management of an SBU is addressing the issue of whether through investment and a new
strategy it can be transformed into a star. According to the BCG growth-share matrix, this SBU is
a dog
cash cow
a question mark
using a product development strategy
using a market development strategy
Answers
Using a market development investment-driven strategy, the SBU (Strategic Business Unit) that can be transformed into a star is a question mark SBU.
The characteristics of a question mark SBU are:
high growth prospectslow market shareconsumes a lot of cashgenerates little returnsloses moneyFor the transformation of a question mark SBU, more investments and new strategies have to be brought in.
Thus, a question mark SBU has the highest potential to turn into a star if the market growth is high.
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please help! thank you!
the risks of borrowing money include:
A. tax-deductible interest on borrowing
B. a convenient way to make purchases
C. an increase to your credit limit
D. harm to your credit reputation
Answers
Answer:
D
Explanation:
Whether you have a loan or a credit card, making late payments or missing payments can cause your credit score to fall.
Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Answers
The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.
Preferred Stock:
The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.
Year 20Y1:
Dividend per share for preferred stock = Dividend amount / Number of preferred shares
Dividend per share for preferred stock = $75,000 / 30,000
Dividend per share for preferred stock = $2.50
Year 20Y2:
Dividend per share for preferred stock = $24,000 / 30,000
Dividend per share for preferred stock = $0.80
Year 20Y3:
Dividend per share for preferred stock = $90,000 / 30,000
Dividend per share for preferred stock = $3.00
Common Stock:
The common stock has a par value of $25 per share. There are 50,000 shares of common stock.
Year 20Y1:
Dividend per share for common stock = Dividend amount / Number of common shares
Dividend per share for common stock = $75,000 / 50,000
Dividend per share for common stock = $1.50
Year 20Y2:
Dividend per share for common stock = $24,000 / 50,000
Dividend per share for common stock = $0.48
Year 20Y3:
Dividend per share for common stock = $90,000 / 50,000
Dividend per share for common stock = $1.80
In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
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Imagine your client would like to complete a tax inversion, acquiring a foreign company in Switzerland and moving the domicile of the combined company overseas. Your client believes that this will save him or her quite a bit of money in taxes as the corporate tax rate in Switzerland is 5%. Write a memo explaining why this would or would not be a good idea. Keep in mind the document linked above. Also, provide examples of tax inversions that have occurred in the past couple of years and whether they were achieved or not.
In your paper, address these critical elements:
a. Identify sources for evaluating the appropriate tax situation.
b. Document research performed to determine if tax inversion is advisable in this scenario.
c. Apply research to tax inversion and determine best course of action.
d. Document findings and advice in a memorandum to the client. Include supporting details and examples.
Answers
Answer:
b
Explanation:
Imagine your client would like to complete a tax inversion, acquiring a foreign company in Switzerland and moving the domicile of the combined company overseas. The memo is as given below.
Subject: Evaluation of Tax Inversion Strategy for Acquiring a Foreign Company in Switzerland
I have thoroughly researched the potential tax inversion strategy you are considering, which involves acquiring a foreign company in Switzerland and moving the domicile of the combined company overseas.
a. Sources for Evaluating the Appropriate Tax Situation:
To evaluate the appropriate tax situation, I have accessed a range of reliable sources including Swiss tax laws and regulations, international tax treaties, financial publications and expert tax advisors with knowledge of both Swiss and foreign tax jurisdictions.
b. Research Performed to Determine if Tax Inversion is Advisable in this Scenario:
The proposed tax inversion strategy has the potential to provide significant tax benefits as Switzerland offers a favorable corporate tax rate of 5%. By relocating the company's domicile to Switzerland, it could benefit from the lower tax burden, international tax planning opportunities and tax incentives offered by the country.
Examples of Tax Inversions:
Example: Pfizer and Allergan (2016)
Pfizer, a U.S.-based pharmaceutical company, attempted a tax inversion by merging with Irish-based Allergan to move its tax residence overseas and benefit from Ireland's lower corporate tax rate.
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Group Decision Support Systems (GDSS) are interactive computer-based systems that combine communication and decision technologies. GDSS can improve the output of a group by __________.
A. making sure every idea is heard
B. tightly controlling access to critical information
C. adding complexity to the decision making process
D. establishing a decision tree for programmed and nonprogrammed decisions
Answers
GDSS can improve the output of a group by option A. making sure every idea is heard.
Group Decision Support Systems (GDSS) are interactive computer-based systems that combine communication and decision technologies. GDSS can improve the output of a group by making sure every idea is heard.
What is GDSS?
Group Decision Support Systems (GDSS) is an interactive computer-based system that combines decision-making software and communication technologies to enable decision-making teams or groups to collaborate more effectively and efficiently. This system facilitates group decision-making by processing, storing, and providing access to data, information, and knowledge that is shared among the group.
What is the purpose of GDSS?
The primary objective of a GDSS is to help teams make more informed and intelligent decisions by providing them with access to the resources they require when they require them, as well as providing a collaborative environment that encourages sharing, cooperation, and mutual respect, which ultimately results in a more effective and efficient decision-making process. GDSS can improve the output of a group by making sure every idea is heard. The system can collect and analyze input from group members in a manner that ensures that everyone's thoughts are taken into consideration before a final decision is made. This ensures that no important ideas or feedback are overlooked and that every group member has an equal opportunity to contribute to the decision-making process.
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VIII. Victoria Rivera owns and manages a consulting firm called Prisek, which began operations on July 1. On July 31, the company's records show the following selected accounts and amounts for the month of July. Equipment $12000 Salaries expense$9000 Consulting revenue$36000 Cash $24000 Utilities expense$600 Note payable$7200 Accounts receivable$10500 V. Rivera, WithdrawalsYI$6000 Office supplies$4500 Rental revenue$1500 Advertising expense$1200 Prepaid insurance$3000 Accounts payable$3900 Note receivable$7500 Rent expense$6000 Unearned revenue$900.
Required
1. Prepare a July income statement for the business.
2. Prepare a July statement of owner's equity. The owner's capital account balance at July 1 was $0, and the owner invested $34,800 cash in the company on July 2.
3. Prepare a July 31 balance sheet. Hint: Use the owner's capital account balance calculated in part 2.
Answers
1. Total Revenue is $20,700.
2. Owner's Capital as of July 31 was $49,000.
3. The July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.
1. Income Statement for July:
$35,000. Consulting revenue
rental income of $1,500
Revenues totaled $37,500.
Salaries cost $9,000, so expenses total.
Expenses for utilities: $600
Cost of advertising: $1,200
Cost of rent: $6,000
Costs in total: $16,800
Total Revenue - Total Expenses equals Net Income.
$37,500 minus $16,800 is the net income.
2. Owner's Equity Statement for July:
Capital owned by Owner as of July1: $0
On July 2, the owner had invested $34,800.
$20,700 in net income
$6000 in owner withdrawals
Owner's Capital at July 31 is calculated as Owner's Capital at July 1 plus Owner's Investment plus Net Income minus Owner's Withdrawals.
Owner's Capital as of July 31 equaled $0 plus $34,800 plus $20,700 minus $6,000
3. July 31 The balance sheet
Assets:
$24,000 in cash; $10,000 in receivables
Inventories: $12,000
$4,500 for office supplies
$3000 in prepaid insurance
Amount Owed: $7,500
Assets in total: $61,500
Liabilities:
a payable note: $7,200
Accounts Payable: $3,900
Unearned Revenue: $900
Total Liabilities: $12,000
Owner's Equity:
Owner's Capital at July 31: $49,500
Total Liabilities and Owner's Equity: Total Liabilities + Owner's Equity
Total Liabilities and Owner's Equity = $12,000 + $49,500
Total Liabilities and Owner's Equity = $61,500
Therefore, the July 31 balance sheet shows assets of $61,500, liabilities of $12,000, and owner's equity of $49,500.
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When you draw Refine marks, the lines essentially indicate __________ to keep or remove in the background.
Answers
Answer:
Colors
Explanation:
(214) 1. Distinguish between technical efficiency and allocative efficiency. Use the two concepts of efficiency to compare a perfect market structure with a monopoly.
Answers
Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.
Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.
When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.
In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.
Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.
Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.
Communication response time must be faster than in the past to succeed in the modern workplace.
True
False
Answers
Answer:
TRUE
Explanation:
Answer:
true!
Explanation:
because it is
What do you think are some of the difficulties of adding 25% more employees for the holiday season what kind of planning do you think would be needed 
Answers
Adding 25% more employees for the holiday season can bring some challenges and difficulties for a company. Here are some potential difficulties and the planning needed to address them:
Hiring and Training: The first challenge is to find and hire new employees, which can be time-consuming and costly. Companies should plan ahead and start the hiring process early to ensure they have enough time to select and train new employees.
Cost: The cost of hiring and training new employees can be high, and companies need to ensure they have enough resources to cover the additional expenses. Companies should create a budget and estimate the cost of hiring and training new employees.
Integration and Teamwork: Integrating new employees into the team and ensuring they work effectively with existing employees can be challenging. Companies should plan team-building activities and create a welcoming environment to help new employees feel part of the team.
Workload and Scheduling: Companies need to plan the workload and schedule the additional employees effectively to ensure they are utilized efficiently. This includes ensuring that there is enough work to keep all employees busy and that the schedule allows for an appropriate level of coverage.
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economic production has fallen to less than full potential due to inadequate incentives for firms to produce. the duration of this economic condition will likely be: question 5 options: indefinite unknown long-term short-term
Answers
Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of this economic condition will likely be short term.
Economic production is a process that employs labour, capital, products, and services as inputs and produces outputs of goods or services under the direction and supervision of an institutional unit. Factors of production in economics are the resources that people employ to create commodities and services; they are the foundation of the economy.
The four kinds of elements of economic production distinguish between are land, labour, capital, and entrepreneurialism. However, much as technology aids in boosting the effectiveness of the production components, it may also replace labour to cut expenses. For instance, robotics and artificial intelligence are employed in manufacturing to increase efficiency, decrease expensive human error, and eventually lower labour costs.
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THE FOLLOWING INFO IS AVAILABLE FOR BERLIN CORPORATION FOR THE YEAR ENDING 12/31/20. OTHER REVENUE/GAINS= 12700, OTHER EXPENSES/LOSSES=13300, COST OF GOODS SOLD= 156000SALES 592000, OPERATING EXPENSES= 186000, SALES RETURNS= 40000. PREPARE A STEP-BY-STEP INCOME STATEMENT. TAX RATE IS 30 PERCENT
Answers
Based on the information available for Berlin Corporation, the step - by - step income statement would be:
Berlin Corporation.
Income Statement
Sales Revenue $592,000
Less: Sales Return $40, 000
Net Sales $552, 000
Less : Cost of Goods sold ($156, 000)
Gross Profit $396, 000
Less Operating expenses: (186, 000)
Income from operations $210, 000
Other Revenue /Gains 12, 700
Other Expenses /Losses (13, 300) ( 600 )
Income before income taxes $209 ,400
Less: Income tax expense ($62, 820)
Net Income / (Loss) $146,580
What goes into an income statement?An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.
The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.
To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.
In this case, you need to find the taxes to Berlin Corporation as well:
= Income before taxes x Income tax rate
= 209, 400 x 30%
= $62, 820
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Let's says prices on average increase 6 percent each year. The State of Oregon allows rents to increase 7 percent each year (in nominal terms). Is the law allowing the rent to increase each year in real terms?
Question 10 options:
a)
Yes
b)
No
c)
Neither in nominal nor real terms
Answers
Answer:
a) Yes
Explanation:
An increase in real terms is when the real percentage increase in rent is a number greater than zero. The real rate is determined by subtracting the inflation rate from the nominal rate of interest.
Inflation refers to an increase in prices in the economy. If prices are increasing by 6 percent, the inflation rate is also 6 percent. The nominal rate of interest is the quoted rate. In this case, it is 7 percent.
The real rate of interest will be 7% - 6% = 1%.
Rent is increasing by a real rate of 1 percent per year.
Ken borrowed $6,000 for 4 years at a rate of 7% simple interest per year. How much interest will ken have to pay after paying back the borrowed amount?.
Answers
Issues with interest. Ann put $12,000 into two different bank accounts. One of the accounts offers 6% yearly interest, while the other offers 5%.
What is the definition of "interest"?
A feeling that is associated with or draws attention to a certain object or person: A worry-inducing object or person is referred to as a concern. a fascinating quality in something or someone.
Interest, to put it as simply as possible, is the price of borrowing money. It's the amount you owe your lender from a credit card or loan balance. However, there are other ways to get interest paid to you; the most common ones are certificates of deposit and savings accounts.
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Answer:
The answer would be B, $1,680
Step-by-step explanation:
So first of all you want to start by finding what P, r and t would be.
P = Principal amount ($$)
r = interest rate (%)
t = time
Once I found all of those I put them into the equation (l = Prt) and solved. That's how I came up with $1,680. Check out the screenshot I have provided for all my work! :)
Have a great day!
At the age of 68, Donna elected a straight life income option for the payout of her $150,000 deferred annuity She received monthly payments for 3 years totaling $42,000 and then she died. How much will her beneficiary get?
Answers
Answer:
$0
Explanation:
Given that
The payout is $150,000 for deferred annuity
Monthly payment for 3 years i.e. $42,000 and after this she died
So, here the beneficiary should get zero amount as in the case of the straight life income options, the annuitant should received the payment only when they died the payment should stop so beneficiary should not be eligible for any kind of payment received
Therefore zero amount should be considered
Troy Engines Ltd. manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to produce and sell one type of carburetor to Troy Engines Ltd. for a cost of $55 per unit. To evaluate this offer, Troy Engines Ltd. has gathered the following information relating to its own cost of producing the carburetor internally:
Direct materials cost $34 per unit.
Troy Engines pays its direct labour employees $20 per hour; each carburetor requires 30 minutes of labour time.
Variable manufacturing overhead is allocated at 30% of direct labour cost.
Total fixed manufacturing cost amounts to $15 per unit, of which 60% is allocated common cost and the remaining 40% covers depreciation of special equipment and supervisory salaries. The special equipment has no resale value. Supervisory personnel will be transferred to a different department if the company decides to purchase the carburetor from the outside supplier.
Yearly production of this type of carburetor is 17,000 units.
Required:
1-a. Assume that the company has no alternative use for the facilities that are now being used to produce the carburetors. Compute the total differential cost per unit for producing and buying the product.
Answers
Answer:
The company has no alternative use for the facilities that are now being used to produce the carburetors is explained below in details.
Explanation:
A
Compute the total cost of making and buying the parts is explained in the image A.
B.
Reject
C.
Compute the total cost of making and buying the parts is explained in the image C.
D.
Accept
Which of the following combinations best describe a universal life insurance policy?
Answers
A universal life insurance policy is best described by option D. A flexible premium deposit fund and a monthly renewable term insurance policy.
Universal life insurance is a type of permanent life insurance that combines a savings component with a death benefit. It offers flexibility in premium payments and death benefit coverage. The policyholder can adjust the premium payments and death benefit amount within certain limits, making it a flexible and customizable insurance option.
Option D describes the key features of a universal life insurance policy:
Flexible-Premium Deposit Fund: Universal life insurance allows policyholders to adjust the premium payments based on their financial circumstances. They can pay higher premiums to accumulate more cash value or lower premiums when they face financial constraints. The flexible premium deposit fund in option D reflects this feature of universal life insurance.
Monthly Renewable Term Insurance Policy: Universal life insurance typically includes a cost of insurance charge, which covers the mortality risk. This cost of insurance can be based on a monthly renewable term insurance policy. The policyholder pays a monthly cost of insurance charge that provides the death benefit coverage.
By combining a flexible premium deposit fund with a monthly renewable term insurance policy, option D captures the essence of a universal life insurance policy. It highlights the flexibility in premium payments and the inclusion of a cost of insurance component that provides the death benefit coverage.
It's important to note that universal life insurance policies can vary in their specific features and options offered by different insurance companies. Therefore, while option D represents a general description of a universal life insurance policy, it's essential to review the specific terms and conditions of the policy being considered to fully understand its features and benefits. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
Which of the following combinations best describes a universal life insurance policy?
A. A mutual fund and an endowment policy
B. A term insurance policy and a whole life policy
C. A modified endowment policy and an annual term insurance policy
D. A flexible premium deposit fund and a monthly renewable term insurance policy
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Explain how planning involves making decisions today that will have an impact later.
Answers
Planning is figuring out what you will do and when. If you plan to play video games instead of doing homework, then tomorrow at school you will get in trouble. If you plan on dropping out of high school, later in life you will not be able to get as many jobs.
Answer: Decision making is the core of planning. Unless a decision has been made, a plan cannot be implemented in the field. ... Decisions can be made without planning but planning cannot be done without making decisions. Planning can be defined as the process of selecting a future course of action.\
Haile Resort opened for business on June 1 with eight air conditioned units. Its trial
balance on August 31 is as follows.
Haile Resort
Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Prepaid Insurance 9,000
Supplies 5,200
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400
Salaries and Wages Expense 89,600
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Br.490,600 Br.490,600
Other data:
1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.
2. An inventory count on August 31 shows Br.1,300 of supplies on hand.
3. Annual depreciation rates are buildings (4%) and equipment (10%).
4. Unearned rent revenue of Br.7,600 should be recognized as revenue prior
to August 31.
5. Salaries and wages of Br.750 were unpaid at August 31.
6. Rentals of Br.1,600 were due from tenants at August 31.
7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% per
year.
Instructions
a. Journalize the adjusting entries on August 31 for the 3-month period
June 1–August 31.
Answers
If Haile Resort opened for business on June 1 with eight air conditioned units. Its trial. The journal entry to record this transactions is: Debit: Insurance Expense, 9,000,Credit: Prepaid Insurance, 9,000
What is journal entry?Journal entry is used by companies to record their day to day business transactions.
Haile resort journal entries
Prepaid Insurance:
Debit: Insurance Expense, 9,000
Credit: Prepaid Insurance, 9,000
Supplies:
Debit: Supplies 3,900
Credit: Supplies Expense, 3,900
( 5,200 - 1,300)
Depreciation:
Debit: Depreciation Expense, Buildings, 2400
Credit: Accumulated Depreciation, Buildings, 2400
(Br.240,000 * 4% * 3/12 )
Debit: Depreciation Expense, Equipment 800
Credit: Accumulated Depreciation, Equipment, 800
(Br.32,000 * 10% * 3/12 )
Unearned Rent Revenue:
Debit: Rent Revenue, 7,600
Credit: Unearned Rent Revenue, 7,600
Salaries and Wages:
Debit: Salaries and Wages Payable, 750
Credit: Salaries and Wages Expense, 750
Rent Receivable:
Debit: Rent Receivable, 1,600
Credit: Rent Revenue, 1,600
Debit Interest Expense 2,000
Credit Mortgage Payable 2,000
(100,000 * 8% / 12 * 3 = 2,000)
Therefore the entry is Debit: Insurance Expense, 9,000,Credit: Prepaid Insurance, 9,000
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There are three different types of business ownerships: Sole Proprietorship, Partnerships and Corporations. Explain why different types of businesses exist, and why a business might choose one type of ownership over the other
Answers
Different types of businesses exist to accommodate varying needs, goals, and circumstances of entrepreneurs and business owners. The choice of business ownership is influenced by several factors, including liability, taxation, management structure, and long-term business objectives.
Sole Proprietorship:
A sole proprietorship is the simplest form of business ownership, where a single individual owns and operates the business. This type of ownership may be preferred for the following reasons:
Ease of formation: Sole proprietorships are easy and inexpensive to set up compared to other types of ownership structures.
Complete control: The owner has full control over decision-making and business operations.
Tax advantages: Sole proprietors can benefit from certain tax advantages, such as reporting business income on their personal tax return and potentially offsetting losses against other income.
Partnerships:
Partnerships involve two or more individuals who come together to carry out a business venture. Partnerships offer the following advantages:
Shared responsibility and expertise: Partners can contribute different skills, resources, and expertise to the business.
Shared risk and liability: Partnerships distribute the business's risks and liabilities among the partners, which can provide a level of protection for individual partners.
Flexibility: Partnerships can be relatively easy to establish and dissolve, providing flexibility for collaboration on specific projects or ventures.
Corporations:
Corporations are separate legal entities distinct from their owners/shareholders. They are often chosen for the following reasons:
Limited liability: Shareholders' personal assets are generally protected from the corporation's debts and liabilities, limiting personal risk.
Access to capital: Corporations can issue shares of stock to raise funds and attract investors. This makes it easier to access capital for growth and expansion.
Perpetual existence: Corporations can continue to exist even if the ownership or management changes, providing stability and continuity.
It's important to note that each business structure has its own advantages and disadvantages, and the choice depends on the specific circumstances, goals, and preferences of the business owners. Consulting with legal and financial professionals can help entrepreneurs make informed decisions about the most suitable business ownership structure for their particular situation.
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It has been said that most systems fail because system builders ignore organizational behavior problems. Why might this be so? Add refrence
Answers
organizational behavior problems
Organizational behaviour issues may be overlooked by system builders for a number of reasons, which can ultimately result in system failure.
What do you mean by Organizational behaviour ?One factor that contributes to this is that some system developers are only concerned with the technical components of a system and may lack knowledge or experience about how human behaviour affects the system.
A mismatch in understanding the organisational needs and potential behavioural difficulties may also result from a lack of interaction and cooperation between both the system developers and also the organization's stakeholders, particularly employees and management.
Organizational behaviour concerns may also be unreported since they are sometimes more challenging to recognise and resolve than technological problems. Complex human connections and cultural norms can play a role in problems with organisational behaviour.
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This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%.
Gigi’s Credit Card Payments
Month
Balance
Payment
Interest Rate
Interest Charged
1
$650
$300
0.01167
$4.08
2
$354.08
$50
0.01167
3
$307.63
$50
0.01167
4
$260.64
$50
0.01167
5
$213.10
$50
0.01167
6
$165
$50
0.01167
What is the amount of interest charged for the first 6 months? (16.34)
Answers
The correct answer is the first option, or 16.34
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An investment offers a total return of 12 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 8.3 percent. What does Janice believe the inflation rate will be over the next year?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Answers
According to Janice, the yearly rate of inflation will be 3.4%.
Why do you use the term inflation?The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps. nations have gone through protracted periods of instability due to inflation.The costs of products and services are always subject to change in a market economy. Some prices increase while others decrease. When the cost of products and services rises broadly rather than simply for specific items, it is said to be experiencing inflation.
(1 + R) = (1 + r)(1 + h)
H = (1 + .12)/(1 + .083) - 1
H = 0.0340 or 3.40%
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How does the devaluation and appreciation of the local currency effect to balance of payment, analyze for each component
Answers
Answer: Balance of payment will worsen due to devaluation.
Explanation: The balance of payments refers to the balance of supply and demand for a country's currency in the foreign exchange market. Devaluation will make local currency weaker and foreign currency stronger. Therefore less demand for local currency in the foreign market. The imports will become expensive, more amount of local currency will be paid as it is weaker. The exports will become cheaper, more amount of local currency will be received as foreign currency is stronger than it.
Vise Versa for appreciation.
Which component of the contract documents actually formalizes the contract and is signed by the Owner and the Contractor
Answers
Answer:
An agreement.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Hence, an agreement is a component of the contract documents which actually formalizes the contract and is signed by the Owner and the Contractor.
In the event of a breach of the contract by any of the parties involved (the owner or contractor), the contract agreement would be referred to for proper legal purposes.
Amberger Products competes in consumer electronics where there is a high level of market and technological uncertainty. To address these challenges, Amberger Products does not commit itself to a particular product design or features early on; instead, it is geared to quickly and inexpensively assess if it has succeeded or failed with a design or feature, learn from its past, regroup and try again quickly. The option that Amberger Products uses is called a ________ option.
Answers
The positioning option is used by Amberger Product because its enables them to quickly and inexpensively assess if it has succeeded or failed with a design or feature.
What is positioning in business?In business, the term "positioning" refers to a concept that helps to outlines what a business should do to market its product or service to its customers.
In conclusion, the positioning option is used by Amberger Product because its enables them to quickly and inexpensively assess if it has succeeded or failed with a design or feature.
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You pay your neighbor $100 in exchange for the used washing machine she is selling. Your neighbor puts that $100 into her pocket and takes her family out to the movies and a nice dinner at the end of the week. She still has $20 left after this outing and decides to put the remaining $20 into her savings account. This is an example of:
Answers
Answer:savings
Explanation:saves the rest of the money where she can reuse it
Your uncle in announces at a family gathering that he is thinking of becoming a day trader. What might you ask him to help him assess the wisdom of that choice?
Answers
Answer:
I’d ask him what are the stocks he is interested in selling/investing in. And where he would get all these stocks due to the fact that day traders sell everyday. Causing me to question if he’s buying stocks in surplus then selling them for a higher price or perhaps he has stocks of his own he can make a surplus of.
Explanation: Day traders execute many trades throughout the day to capitalize on intraday market price action. Their goal is to profit off of short term price movements.
Which $1,000 bond has the higher yield to maturity, a twenty-year bond selling for $800 with a current yield of 15% or a one-year bond selling for $800 with a current yield of 5%?
Answers
Answer:
Bond A is far better.
Explanation:
Assuming you're spending $800 on every bond.
After twenty years,
Bond A will be:
⇒ \(800\times 1.15^{20}+200\)
⇒ \(13,293\)
Bond B will be:
⇒ \(800\times 1.05^{20}\)
⇒ \(2,123\)
So that the above is the appropriate answer.
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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