When computing the total manufacturing overhead costs in a schedule of cost of goods manufactured, there are several steps that must be taken. Manufacturing overhead costs are indirect costs that cannot be traced to a specific product or service. They include items such as rent, utilities, and insurance, among others.
The first step in computing total manufacturing overhead costs is to determine the total manufacturing overhead costs for the period. This can be done by adding up all of the overhead expenses incurred during the period, including items such as depreciation, insurance, and utilities.
Once the total manufacturing overhead costs have been determined, the next step is to allocate these costs to the products that were produced during the period. This can be done using a predetermined overhead rate, which is calculated by dividing the total estimated overhead costs by the total estimated amount of the allocation base.
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How to be a successful entrepreneur?
Answer:
Don’t take ‘no’ for an answer
Learn from the best
Stay hungry and ambitious
Never stand still; evolve with the times
Nurture long-term business relationships
Inspire those around you
Trust your gut instinct, not just your spreadsheet
Explanation:
It takes hard work and dedication and they are many free sources that is available today such as videos
A gardener is trying to maximize profit by growing tomatoes (T) and carrots(C) with fertilizer(F). The production functions are: Tomatoes: T=70FT–1.5F^2 Carrots: C=90FC–2FC^2 Constraint: FT+FC=60
The profit is $0.50 per tomato and $0.25 per carrot. There are 60 units of fertilizer available. How much fertilizer should go to the tomatoes?
To maximize profit while growing tomatoes and carrots with fertilizer, we need to allocate 32.65 units of fertilizer to tomatoes and 27.35 units of fertilizer to carrots. This allocation results in a profit of $1342.15.
To maximize the profit of growing tomatoes and carrots with fertilizer, we need to find the optimal amount of fertilizer to allocate to tomatoes (Ft) and carrots (Fc).
The production functions for tomatoes and carrots are \(T=70FT - 1.5Ft^2\)and\(C=90FC - 2FC^2\), respectively. The constraint is FT+FC=60, which means the total amount of fertilizer used for growing both crops cannot exceed 60.
To find the optimal amount of fertilizer for tomatoes, we can use the following steps:
1. Rewrite the constraint equation as Fc=60-Ft.
2. Substitute Fc=60-Ft into the production function for carrots to get \(C=90(60-Ft)-2(60-Ft)^2.\)
3. Substitute the expressions for T and C into the profit function, which is P=0.5T+0.25C.
4. Differentiate P with respect to Ft, set it equal to zero, and solve for Ft.
5. Once Ft is found, we can use the constraint equation to find Fc, T and C.
After applying the above steps, the optimal amount of fertilizer that should go to tomatoes is about 32.65 units of fertilizer, and the optimal amount of fertilizer that should go to carrots is about 27.35 units of fertilizer. The resulting profit is approximately $1342.15.
In summary, to maximize profit while growing tomatoes and carrots with fertilizer, we need to allocate 32.65 units of fertilizer to tomatoes and 27.35 units of fertilizer to carrots. This allocation results in a profit of $1342.15.
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A customer asks if the rogue vc-turbo engine is reliable because it’s new with a lot of moving parts. What are three ways to respond?.
It should be noted that the rogue vc-turbo engine is reliable because:
It improves acceleration.It economizes fuel.It improves performance regarding emissions.Importance of the turbo engineIt should be noted that VC-Turbo technologies have evolved with a focus on improving performance in major areas such as acceleration, fuel economy as well as emissions.
In a situation where a customer asks if the rogue vc-turbo engine is reliable because it’s new with a lot of moving parts, the customer should be informed that it is reliable as it enhances acceleration and fuel economy.
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if a firm prices low worldwide in an attempt to build global sales volume as rapidly as possible, even it this means taking large losses initially, what kind of strategy is it pursuing?
Answer: Experience curve pricing
Explanation: The experience curve pricing principle aims to explain the relationship between the unit price of production and marketing and the experience possessed by the marketing and production company or firm on that product. In a bid to acquire more depth in experience in production and marketing, forms tend to sell at prices below the average selling price which may culminate in losses in the early stage
However, with increase in experience in the production and marketing of the product attained as a result of cumulative production, the unit production cost begins to decline.
Which of the following statements regarding budgets is true? a. Budgets are detailed forward-looking financial reports based on expected income and expenses. b. Budgets describe a person’s financial position at a given point in time. c. Budgets measure a person’s financial performance at a given point in time. d. Budgets describe a person’s financial goals over a specific period of time. e. Budgets are historical documents that tell an individual how he or she has performed in the past.
Answer:
a. Budgets are detailed forward-looking financial reports based on expected income and expenses.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.
Just before you reach a corner and turn, you should reduce your speed to what?
5 MPH
8 MPH
15 MPH
25 MPH
Answer:
you should reduce your speed to 15 MPH
a company has two operating departments (appliances and electronics) and one service department (office). the office department reports direct expenses of $49,000. the company also has $6,800 of utilities expense, which is an indirect expense to all departments. additional information on square feet occupied and sales follows. department square feet sales office 2,400 appliances 5,520 $ 178,080 electronics 4,080 157,920 allocate utilities expense to the three departments based on square feet occupied. allocate office expense to the appliances and electronics departments based on sales.
The allocated expenses for each department are as follows:
Utilities expense:
- Office department: $1,360
- Appliances department: $3,128
- Electronics department: $2,312
Office expense:
- Appliances department: $25,970
- Electronics department: $23,030
How to allocate office expense to the appliances and electronics departments based on sales.We need to determine the allocation ratios for each department.
1. Utilities Expense Allocation:
Total square feet occupied by all departments: 2,400 (office) + 5,520 (appliances) + 4,080 (electronics) = 12,000 square feet.
Allocation ratio for the office department = Office square feet / Total square feet occupied = 2,400 / 12,000 = 0.2
Allocation ratio for the appliances department = Appliances square feet / Total square feet occupied = 5,520 / 12,000 = 0.46
Allocation ratio for the electronics department = Electronics square feet / Total square feet occupied = 4,080 / 12,000 = 0.34
Allocate the utilities expense based on these ratios:
Office department: $6,800 * 0.2 = $1,360
Appliances department: $6,800 * 0.46 = $3,128
Electronics department: $6,800 * 0.34 = $2,312
2. Office Expense Allocation:
Total sales for appliances department: $178,080
Total sales for electronics department: $157,920
Total sales for both departments: $178,080 + $157,920 = $336,000
Allocation ratio for the appliances department = Sales for appliances / Total sales = $178,080 / $336,000 = 0.53
Allocation ratio for the electronics department = Sales for electronics / Total sales = $157,920 / $336,000 = 0.47
Allocate the office expense based on these ratios:
Appliances department: $49,000 * 0.53 = $25,970
Electronics department: $49,000 * 0.47 = $23,030
The allocated expenses for each department are as follows:
Utilities expense:
- Office department: $1,360
- Appliances department: $3,128
- Electronics department: $2,312
Office expense:
- Appliances department: $25,970
- Electronics department: $23,030
Other allocation methods could be used depending on the company's policies and objectives.
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The Lee Co. has 1.4 million shares of stock outstanding. The stock is currently sells for $20 per share. The firm’s debt is publicly traded and was recently quoted at 93 percent of face value. It has a total face value of $5 million, and it is currently priced to yield 11%. The risk free-rate is 8%, and the market risk premium is 7%. You’ve estimated that Lee has a beta of .74. If the corporate rate is 34%, what is the WACC of Lee Co.?
9.12%
10.24%
12.34%
15.12%
The WACC of Lee Co. is approximately 11.94%, which is closest to the answer option 12.34%.
To calculate the weighted average cost of capital (WACC) of Lee Co., we need to consider the cost of equity and the cost of debt. The WACC is the weighted average of these two costs, where the weights are determined by the proportion of equity and debt in the company's capital structure.
First, let's calculate the cost of equity using the capital asset pricing model (CAPM):
Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium
Cost of Equity = 8% + 0.74 * 7%
Cost of Equity = 8% + 5.18%
Cost of Equity = 13.18%
Next, let's calculate the cost of debt:
Cost of Debt = Yield to Maturity * (1 - Corporate Tax Rate)
Cost of Debt = 11% * (1 - 34%)
Cost of Debt = 11% * 0.66
Cost of Debt = 7.26%
Now, we need to determine the weights of equity and debt in the capital structure. We can calculate these weights using the market values of equity and debt:
Weight of Equity = (Number of Shares * Stock Price) / Total Market Value
Weight of Equity = (1.4 million * $20) / (1.4 million * $20 + $5 million * 93%)
Weight of Equity = $28 million / $33.65 million
Weight of Equity = 0.8321
Weight of Debt = (Debt Market Value) / (Equity Market Value + Debt Market Value)
Weight of Debt = ($5 million * 93%) / ($28 million + $5 million * 93%)
Weight of Debt = $4.65 million / $33.65 million
Weight of Debt = 0.1382
Finally, we can calculate the WACC:
WACC = (Weight of Equity * Cost of Equity) + (Weight of Debt * Cost of Debt)
WACC = (0.8321 * 13.18%) + (0.1382 * 7.26%)
WACC = 10.94% + 1.00%
WACC = 11.94%
Therefore, the WACC of Lee Co. is approximately 11.94%, which is closest to the answer option 12.34%.
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the yall dont just put the answer all that
typing
Answer:
I don’t understand
For the month of September, Florida, Inc. , incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs conversion costs of $6,000 with 80% completed. If the conversion cost per equivalent unit was $1. 15 per gallon in August, what is the difference in the conversion cost per equivalent unit between the two months?
The difference in the conversion cost per equivalent unit between August and September for Florida, Inc. is $0.05 per gallon.
To calculate the conversion cost per equivalent unit in September, we need to determine the equivalent units of production for both direct materials and conversion costs. The equivalent units for direct materials is simply the number of gallons produced, which in this case is 7,500.
For conversion costs, we need to calculate the equivalent units of production for both the completed and in-process units. In September, the completed units were 6,000 gallons (80% of 7,500), while the in-process units were 1,500 gallons (20% of 7,500). The total equivalent units of production for conversion costs is 7,500 gallons.
To calculate the conversion cost per equivalent unit for September, we divide the total conversion costs ($6,000) by the total equivalent units of production (7,500 gallons). This gives us a conversion cost per equivalent unit of $0.80 per gallon.
To calculate the difference in conversion cost per equivalent unit between August and September, we subtract the August conversion cost per equivalent unit ($1.15 per gallon) from the September conversion cost per equivalent unit ($0.80 per gallon), which gives us a difference of $0.35 per gallon.
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. Which of the following is a true statement regarding a performance indicator? a. All healthcare organizations are required to report a performance indicator b. Only governmental health care organizations are required to report a performance indicator. c. The purpose of reporting a performance indicator is to make it easier to compare the result of operations of not-for-profit health care organizations to those of for-profit health care organizations d. The purpose of reporting a performance indicator is to assist in evaluating the efficiency and effectiveness of a health care organization’s operating activities.
Answer:
C. The purpose of reporting a performance indicator is to make it easier to compare the results of operations of not-for-profit health care organizations to those of for-profit health care organizations.
Explanation:
performance indicator which can as well be regarded as key performance indicator is reffered to type of performance measurement, which enables evaluation of the success of an organization as well as particular activities like projects, products and
programs, that the company engage in.
It should be noted that The purpose of reporting a performance indicator is to make it easier to compare the results of operations of not-for-profit health care organizations to those of for-profit health care organizations.
net sales are: select one: a. gross margin plus fixed expenses. b. gross sales less returns and allowances from customers. c. gross sales less cost of goods sold. d. profits less cost of goods sold. e. cost of goods sold less returns and allowances.
Net sales is the sum of a company's gross sales minus its returns, allowances, and discounts.
Net income calculations are now not continually obvious externally. They can frequently be factored into the reporting of top line revenues stated on the profits statement.
Does internet income equal gross margin?Gross margin equates to internet sales minus the cost of items sold. The gross margin shows the amount of income made before deducting selling, general, and administrative (SG&A) costs. Gross margin can also be called gross profit margin, which is gross profit divided through internet sales.
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Answer:
God waking me up this morning also thx for asking how bout you
Explanation:
Who seeks out information about products a seller has to offer
Answer:
the owner of the product or the boss
Which known factor affects prices in the financial markets?
1. current taxes
2. media speculation
3. government policy
4. foreign companies
Known factors such as current taxes prevailing in the market and the government policies affects the prices in the financial market. Therefore, the options A and C hold true regarding the financial markets.
What is the significance of financial markets?A financial market is referred to or considered as such a market, which deals exclusively in matters related to finance in any given economy, during a given period of time. It does not take into consideration the prevailing conditions, which are external to its scope in an economy.
A financial market may be impacted by a number of internal as well as external factors. These may include external factors such as change in trends as well as consumer preferences. Moreover, the known factors such as taxation rates and government fiscal policy also impact such markets.
Therefore, the options A and C hold true regarding the significance of financial markets.
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compare everything to cell to a house
The quantity of money demanded to satisfy transactions needs: a. is...The quantity of money demanded to satisfy transactions needs: a. is intended for unexpected expenditures.b. increases with the level of real GDP.c. decreases with the level of real GDP.d. is unrelated to either national income or the interest rate. e. varies inversely with the liquidity demand for money.
The correct answer is (b) - the quantity of money demanded to satisfy transactions needs increases with the level of real GDP. This is because as the economy grows and real GDP increases, the volume of transactions also increases, requiring a greater demand for money to facilitate those transactions. This is a natural consequence of economic growth and expansion.
The other options are incorrect: (a) transactions needs can include unexpected expenditures, but this is not the primary driver of the quantity of money demanded, (c) the quantity of money demanded would not decrease with real GDP, as this would suggest a contraction in economic activity and transactions, (d) while national income and interest rates can impact the overall demand for money, they are not directly related to transactions needs, and (e) liquidity demand for money is a separate concept from transactions needs, and may vary based on a variety of factors including risk tolerance and market conditions.
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The checkbook balance on May 31 is $16,462.35
The Bank Statement shows an ending balance of $16,833.19
Deposits of $575 on May 29 and $1,075 on May 30 do NOT appear on the bank statement.
The bank statement shows a service charge of $20.00.
The following checks are outstanding:
Check 189 - $127.50
Check 191 - $462.19
Check 192 - $569.42
Check 194 - $881.73
in a journal
a) The journal entry to adjust the checkbook balance is as follows:
May 1 Debit Bank Charges $20
Credit Checkbook $20
b) The preparation of the Bank Reconciliation Statement is as follows:
Balance as per bank statement $16,833.19
Add Uncleared Deposits $1,650.00
Less Outstanding Checks $2,040.84
Balance as per adjusted checkbook $16,442.35
What is bank reconciliation?Bank reconciliation is an accounting process to bring the balance as per the bank statement to agree with the balance as per the checkbook.
The accounting process tries to identify discrepancies and accounting errors between these sets of records to correct and reconcile the differences.
Checkbook balance on May 31 = $16,462.35
Bank Statement balance on May 31 = $16,833.19
Uncleared Deposits:
May 29 $575
May 30 $1,075 $1,650
Outstanding Checks:
Check 189 - $127.50
Check 191 - $462.19
Check 192 - $569.42
Check 194 - $881.73 $2,040.84
Bank charges = $20.00
Checkbook Adjustment:Balance as per checkbook $16,462.35
Less Bank charges 20.00
Adjusted checkbook balance $16,442.35
Transaction Analysis for Journal:Bank Charges $20 Checkbook $20
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Question Completion:Journalize the adjusting entry for the checkbook balance and prepare the bank reconciliation statement.
Cash and cash equivalents do NOT include: A. time deposits. B. petty cash. C. bank checking account. D. high grade
Cash and cash equivalents do NOT include: High grade. The correct answer is D.
Cash and cash equivalents include assets that can be easily converted into cash, such as bank accounts, petty cash, and short-term investments with high liquidity.
However, high grade investments, such as stocks and bonds, are not considered cash or cash equivalents because they cannot be immediately converted into cash without incurring significant costs or risks.
Time deposits and bank checking accounts are examples of assets that are included in cash and cash equivalents, as they are highly liquid and can be easily accessed by the company.
Petty cash is also considered cash and cash equivalents because it is a small amount of cash that is kept on hand for minor expenses.
Therefore the correct answer is option D.
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Use the drop-down menus to explain how to create a subreport. 1. Open the table in view. 2. On the Design tab, click Min Grouping & Totals. 3. Select "with a footer section" from a drop-down menu in a pane below. 4. Next, choose Subform/Subreport from the command group. 5. Place the cursor at an insertion point. Then, to create a space. 6. In the Subreport Wizard, choose what you want to include in the subreport from the main table. 7. Once you are satisfied, create a name for the subreport, and click Finish. DO NOT PUT ANY FILES JUST THE ANSWER.
Answer:
design
group and sort
control
click and drag
Explanation:
gg
YOOOOOOOOOOO just wanted to say
Answer:
wassup
Explanation:
a load status of ____- means the load has not yet been assigned a carrier
A load status of unassigned- means the load has not yet been assigned a carrier.
The term "load status" typically refers to the current state of a shipment or delivery process in the transportation industry. A load status of "unassigned" or "not assigned" indicates that a particular load or shipment has not yet been assigned to a specific carrier for transport.
In the logistics and transportation industry, loads are assigned to carriers based on a variety of factors such as the carrier's service area, equipment availability, capacity, and pricing. Once a load is assigned to a carrier, the carrier is responsible for transporting the load to its destination.
Having a load status of "unassigned" can be problematic for shippers, as it can delay delivery times and create logistical challenges.
To avoid this, shippers often work closely with freight brokers or transportation management companies to help them find carriers who are available and have the appropriate equipment and capacity to transport their loads.
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The major event in history that resulted in the need for development of traditional management is
Traditional Management, which predates modern management techniques, emerged during the Industrial Revolution, a time of significant change in how people worked. Beginning in the early 1880s, numerous new cotton mills popped up all throughout Great Britain, necessitating the organisation and management of the workforce.
Despite the fact that strategy has been significant throughout history, the study of strategic management has mostly grown over the past century. Here are a few significant commercial and scholarly developments that have aided the development of the discipline. 1911 saw the release of The Principles of Scientific Management by Frederick W. Taylor.
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which republicans voted for debt ceiling
Answer:
John Barrasso of Wyoming, Roy Blunt of Missouri, Susan Collins of Maine, John Cornyn of Texas, Mitch McConnell of Kentucky, Shelley Moore Capito of West Virginia, Lisa Murkowski of Alaska, Rob Portman of Ohio, Mike Rounds of South Dakota, Richard Shelby of Alabama, and John Thune of South Dakota.
Elly &Frank Valdez are thinking about buying a new house and financing it
through their bank. If they get approved, what type of loan will it most likely
be?
A. Installment credit
B. Single payment loan
C. Revolving credit
D. Multipayment loan
Answer: A.) Installment Credit
Explanation: Subject to approval, the loan afforded to Elly and Frank Valdez by their bank will most likely be an installment credit. The installment credit is a type of loan which requires the loanee to repay a fixed amount which has been borrowed at a regular scheduled amount over an agreed period of time. The loan period may vary depending on the agreement and amount of initial loan, and the repayment schedule also needs to be stated as maybe monthly, bimonthly, quartely and so on.
Answer:
Installment Credit
Explanation:
AP3X
hello im Michal the fox how may tails i have three,two or,four
Answer:
2
Explanation:
What are the 5 measurement attributes employed by GAAP?
The five main measurement bases of GAAP taken into account in this study are: historical cost; value to the firm (also called as departure value or current cost); fair value; realizable value; and value in use.
Measurement and disclosure principles are used to put GAAP into practise. The timing and basis of items that enter the accounting cycle and have an influence on the financial statements, such as the period in which transactions will be reported, are recognized and determined by measurement standards.
A set of established accounting standards that businesses use to disclose their financial information is known as generally accepted accounting principles (GAAP). While private corporations frequently utilize alternative non-GAAP measurements or a combination of both, public companies are obligated to report results in accordance with GAAP rules.
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Why does the government get involved with international trading?
Is used to characterize country's financial policies that inhibit free trade and shield domestic industries from import competition. Because they are the ones who will implement taxes, quotas, or international sanctions that may impede the trading of specific items from such a country to other countries, governments are engaged in international trade.
Most frequently, role in the government in international trade through import duties.
Governments also get involved with economic trade policies. To shield emerging markets from severe competition is one of the main motivations. The industries in emerging nations that might not survive in comparison with more developed nations must paying special attention to this issue. Most commonly, governments interfere in international trade via import tariffs.
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prediction markets regularly outperform political polls in predicting the winners of elections. TRUE OR FALSE
True. Comparisons between prediction markets and conventional political polls have indicated that prediction markets, which are based on the collective knowledge of participants, are more accurate in forecasting election outcomes.
True. Prediction markets, which are based on the collective wisdom of participants, have been shown to be more accurate in predicting election outcomes compared to traditional political polls. This is because prediction markets take into account a wider range of factors, including shifts in public opinion and unexpected events, while political polls are often limited to a snapshot in time.
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1) Define a Subgame and Subgame Perfect Equilibrium
Subgame: A subgame is a stage of the game that starts at a certain point in the original game and continues to the end of the game.
Subgame Perfect Equilibrium: A subgame perfect equilibrium is a refinement of a Nash equilibrium in which players choose their optimal strategies at each stage of every subgame in a game, not just in the initial stage.
A subgame is a stage of the game that begins at a certain point in the original game and continues to the end of the game. A subgame can be any subset of the original game, including the whole game.
A subgame perfect equilibrium is a refinement of a Nash equilibrium in which players choose their optimal strategies at each stage of every subgame in a game, not just in the initial stage.
In other words, subgame perfect equilibrium is a strategy that, once implemented, is optimal at each subsequent stage in a game, given that all players play optimally at every subsequent stage.
Subgame perfect equilibrium is the most stringent solution concept for dynamic games, and it is used to determine the credible threats and promises in a game. It is frequently used in the analysis of dynamic games in economics and game theory.
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