Answers
Answer:
Non-cash revenues.
Explanation:
Non-cash revenues can be defined as revenues and gains included in arriving at net income that do not provide cash.
Basically, on the statement of cash-flow, non-cash revenues are considered not to be a real cash-flow because they don't add to the total inflow of cash.
Some examples of noncash revenues are amortization of premium relating to bonds payable, cash flow from investments that are carried under the equity method, accrued revenues, and gains from disposals of non-current assets.
Related Questions
Which of the following is an effective way to deal with change and innovation? Insist on success and punish failure. Hold closely to established methods of getting the job done. Innovate by varying existing products that are already on the market. Have flexibility and adaptability. Offer different explanations for the change to different work groups.
Answers
Answer:
Have flexibility and adaptability.
Explanation:
A radical innovation also known as the disruptive innovation is an innovative approach aimed at destroying or supplanting old business strategies and models with an invention to breakthrough and change the whole industries by creating new products.
Because workgroups develop their own subcultures, intranets build a common cultural foundation that can help unify employees in different units and locations around common company values.
An effective way to deal with change and innovation is to have flexibility and adaptability.
This ultimately implies that, an entrepreneur or business owner should be flexible and adaptive to changes in the industry, as well as developing the courage to follow his or her brilliant ideas.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Thermal Rising, Incorporated, makes paragliders for sale through specialty sporting goods stores. The company has a standard paraglider model, but also makes custom-designed paragliders. Management has designed an activity-based costing system with the following activity cost pools and activity rates:
Activity Cost Pool Activity Rate
Supporting direct labor $ 22 per direct labor-hour
Order processing $ 194 per order
Custom design processing $ 268 per custom design
Customer service $ 416 per customer
Management would like an analysis of the profitability of a particular customer, Big Sky Outfitters, which has ordered the following products over the last 12 months:
Standard Model Custom Design
Number of gliders 11 3
Number of orders 1 3
Number of custom designs 0 3
Direct labor-hours per glider 29.50 31.00
Selling price per glider $ 1,825 $ 2,490
Direct materials cost per glider $ 464 $ 584
The company’s direct labor rate is $16 per hour.
Required:
Using the company’s activity-based costing system, compute the customer margin of Big Sky Outfitters. (Round your intermediate calculations and final answer to the nearest whole dollar amount. Loss amounts should be entered with a minus sign.)
Answers
The total costs for Big Sky Outfitters is $6,566, The customer margin of Big Sky Outfitters is $14,123.
How to calculate the company’s activity-based costing system and the customer margin of Big Sky Outfitters.Calculating the costs for each activity:
1. Supporting direct labor:
Standard Model: 11 gliders x 29.50 direct labor-hours per glider x $16 per hour = $5,152
Custom Design: 3 gliders x 31.00 direct labor-hours per glider x $16 per hour = $1,488
2. Order processing:
Standard Model: 1 order x $194 per order = $194
Custom Design: 3 orders x $194 per order = $582
3. Custom design processing:
Custom Design: 3 custom designs x $268 per custom design = $804
4. Customer service:
Customer Service: 1 customer x $416 per customer = $416
Calculating the total costs for Big Sky Outfitters:
Total costs = Supporting direct labor + Order processing + Custom design processing + Customer service
Total costs = $5,152 + $194 + $804 + $416 = $6,566
Now, let's calculate the total revenues for Big Sky Outfitters:
Total revenues = (Number of gliders x Selling price per glider) - (Number of gliders x Direct materials cost per glider)
Total revenues = (11 x $1,825) - (11 x $464) + (3 x $2,490) - (3 x $584)
Total revenues = $20,075 - $5,104 + $7,470 - $1,752 = $20,689
Finally, let's compute the customer margin:
Customer margin = Total revenues - Total costs
Customer margin = $20,689 - $6,566 = $14,123
Therefore, the customer margin of Big Sky Outfitters is $14,123.
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Research and briefly summarize the following savings options. In your summary, make sure you mention the level of risk associated with each option and recent returns on investment. Savings account Certificates of deposit Stocks Bonds Mutual funds Employer sponsored savings plan Physical assets Commodities
Answers
Answer:
Savings account: A savings account is a bank account that earns interest on the money deposited. The level of risk is low, and the returns are also low, usually below the rate of inflation.
Certificates of deposit: Certificates of deposit (CDs) are a type of savings account that has a fixed term and interest rate. The level of risk is low, and the returns are higher than savings accounts, but still low compared to other options.
Stocks: Stocks are a type of investment that represents ownership in a company. The level of risk is high, and the returns are also high, but can be volatile.
Bonds: Bonds are a type of investment where the investor loans money to a company or government in exchange for regular interest payments. The level of risk is low to moderate, and the returns are moderate.
Mutual funds: Mutual funds are a type of investment that pools money from multiple investors to buy a portfolio of stocks, bonds, or other securities. The level of risk and returns depend on the specific mutual fund.
Employer sponsored savings plan: Employer-sponsored savings plans, such as 401(k)s, are retirement savings accounts that allow employees to contribute pre-tax income. The level of risk and returns depend on the specific investment options offered.
Physical assets: Physical assets, such as real estate or gold, are tangible items that can be bought and sold. The level of risk and returns depend on the specific asset.
Commodities: Commodities, such as oil or agricultural products, are raw materials that can be bought and sold. The level of risk and returns depend on the specific commodity.
What are the three types of inherent value money can have?
A. Regulated, market, and face.
B. Intrinsic, market, and commodity.
.C. Intrinsic, market, and face.
D. Face, intrinsic, and commodity.
Answers
The three types of inherent value money can have are Intrinsic, market, and face. Option C
What is inherent value money about?Cash has an asset's value is determined by its intrinsic value. Instead of using the asset's actual market price, this metric is calculated objectively or through the use of a sophisticated financial model.
Other than its current exchange value for goods and services, it has no worth. Something is valuable in and of itself when it has inherent worth. A thing with intrinsic value is a goal in and of itself.
Hence, the value an entity has for what it is, as a goal, or in and of itself is known as intrinsic value.
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Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answers
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
If the price elasticity of demand for a product is 1 in absolute value, and the price elasticity of supply of the same product is 1, what is the predicted percent change in price from a 1 percent increase in demand?
Answers
Answer:
a 1% decrease in price
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
Unit elastic demand = percentage change in quantity demanded / percentage change in price = 1
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
It follows that if price increases by 1%, quantity demanded would fall by 1% since demand is unit elastic
Consider the organization you are currently working in and explain this organization from systems characteristics perspectives particularly consider objective, components (at least three) and interrelationships among these components with specific examples
Answers
Explanation:
I don't have direct knowledge of the organization you are currently working in. However, I can provide a general example to help illustrate the systems characteristics of an organization. Let's consider a fictional manufacturing company called "ABC Manufacturing."
Objective:
The objective of ABC Manufacturing is to efficiently produce and deliver high-quality products to its customers while maximizing profitability. The organization aims to maintain a competitive edge in the market by consistently meeting customer demands and optimizing its operations.
Components:
1. Human Resources: The employees of ABC Manufacturing form a crucial component. They include production workers, managers, engineers, and support staff. Each employee contributes their skills and expertise to ensure smooth operations. For example, production workers assemble products, engineers design new prototypes, and managers oversee the overall functioning of the organization.
2. Production Facilities: The physical infrastructure, including factories, warehouses, and equipment, is another vital component. These facilities house the production lines, machinery, and storage areas necessary for manufacturing products. The efficient functioning of the production facilities is essential to meet production targets and ensure the timely delivery of goods.
3. Supply Chain and Logistics: The supply chain component involves managing the flow of materials, resources, and finished products. This includes sourcing raw materials, coordinating with suppliers, inventory management, and distribution logistics. Effective supply chain management ensures that the right materials are available at the right time, minimizing delays and reducing costs.
Interrelationships among Components:
The components of ABC Manufacturing are interrelated and interconnected, forming a system that works together to achieve the organization's objectives. Here are a few examples of interrelationships among these components:
1. Human Resources and Production Facilities: The production facilities rely on the skills and efforts of the employees. Human resources ensure that the right talent is hired, trained, and deployed in the production process. They also provide support and maintenance services to ensure the smooth functioning of the production facilities.
2. Production Facilities and Supply Chain: The production facilities rely on the timely availability of raw materials from the supply chain. Efficient coordination between production and supply chain teams is necessary to maintain optimal inventory levels and avoid production delays.
3. Supply Chain and Human Resources: The supply chain team collaborates with human resources to forecast demand, plan workforce requirements, and align production schedules accordingly. Effective communication and coordination between these components ensure that the production process meets customer demand and avoids excessive inventory or stockouts.
By viewing ABC Manufacturing through a systems perspective, we recognize that the organization is a complex interplay of various components working together to achieve a common objective. Understanding the interrelationships and dependencies among these components helps in identifying areas for improvement and optimizing the overall performance of the organization.
Answer:Dashen Bank s.c is a company where I am working in it. The company’s objective is to maximize its profit and become from the lists in best class banks in Africa. To achieve this objective it has its own system which contains the following components
• A banking software called FLEXCUBE which is the core software which accomplishes the majority of the banking day to day activities e.g. cash withdrawal, cash deposit, account opening general leger account postings etc.
• CATPS(card application tracking and processing system) is a component of a system which is used to capture ATM card applications and authorize the processed/ captured applications in order to produce the cards
• Amole admin/internet banking application is used to create an access to the customers such that user name and passwords and and link bank accounts so customers can transfer money, make payments at home.
The above listed components have interrelation each other. E.g. in order to produce cards using CATPS, the customer must have a bank account with precise customer data such that signature, photo etc. so these stated things i.e. account opening, signature and photo uploading activities are processed by FLEXCUBE software. In the same manner, in order to get an access to the bank account using amole/ internet banking, the customer must have properly opened bank account with customer signature and photo which is also processed by using FLEXCUBE software.
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
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.
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The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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Amy currently volunteers at her local hospital. She would like to one day
become a doctor. What is the best type of student organization for Amy to
join?
A. One that has a focus on community service
B. One that has a focus on technology careers
c. One that has a focus on health care careers
• D. One that has a focus on building marketing skills
Answers
Option C, which refers to One with a focus on careers in healthcare, is entirely accurate.
What are the benefits of health care?efforts made, especially by trained and licenced professionals, to maintain or restore one's physical, mental, or emotional well-being. used with a hyphen when being attributed. healthcare professionals.
When provided effectively, health care is generally regarded as a key factor in promoting the overall physical, mental, and social well-being of people around the world and can play a significant role in a nation's economy, development, and industrialization.
The phrase "healthcare process" was defined as "the order of steps we frequently take when giving treatment to patients who belong to various defined groups.
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The identity thief's information on your credit report wouldn't impact your ability to
get certain types of jobs.
True
False
Answers
Connect information which relates.
Inside-out perspective Choose..
competitive intelligence
the organisation's goals and values
the resources and capabilities to achieve competitive advantage
the industry environment
Answers
Competitive intelligence bridges the gap between the organization's goals and values, the industry environment, and the resources and capabilities necessary to gain a competitive edge. The correct option is a.
Competitive intelligence plays a crucial role in connecting the organization's goals and values with the industry environment and the resources and capabilities required to achieve competitive advantage. Competitive intelligence involves gathering and analyzing information about competitors, market trends, and customer preferences to gain insights and make informed business decisions.
By understanding the industry environment through competitive intelligence, organizations can identify opportunities and potential threats. This knowledge helps align the organization's goals and values with the external factors impacting its success. For example, if the industry is shifting towards sustainable practices, an organization that values environmental responsibility can leverage this trend to enhance its competitive position.
Furthermore, competitive intelligence helps identify the resources and capabilities needed to achieve competitive advantage. It provides insights into the strengths and weaknesses of competitors, allowing organizations to benchmark their own capabilities and identify areas for improvement. This knowledge can guide strategic planning and resource allocation, ensuring that the organization aligns its resources with its competitive goals. The correct option is a.
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yall have anything to cure depression? lmk pls ._.
Answers
Answer:
Anti-depressants :))))))))
they make u HIGH on happiness :DDDDDDDDDDDDDDDDDD
Answer:
Morningggggggg
Explanation:
Define monopoly is this correct answer
Answers
A monopoly is a market structure that consists of only one seller or producer. A monopoly limits available substitutes for its product and creates barriers for competitors to enter the marketplace. Monopolies can lead to unfair consumer practices.
Serotta Corporation is planning to issue bonds with a face value of $450,000 and a coupon rate of 16 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Serotta uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 12%.
1. Provide the journal entry to record the issuance of the bonds January 1.
2. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year.
3. What bonds payable amount will Serotta report on this year's December 31 balance sheet?
Answers
Answer:
1. Dr Cash 481,588.61
Cr Bonds payable 450,000
Cr Premium on bonds payable 31,588.61
2. March 31
Dr Interest expense 14,447.66
Dr Premium on bonds payable 3,552.34
Cr Cash 18,000
June 30
Dr Interest expense 14,341.09
Dr Premium on bonds payable 3,658.91
Cr Cash 18,000
September 30
Dr Interest expense 14,231.32
Dr Premium on bonds payable 3,768.68
Cr Cash 18,000
December 31
Dr Interest expense 14,118.26
Dr Premium on bonds payable 3,881.74
Cr Cash 18,000
3. carrying value = $466,726.94
Explanation:
face value = $450,000
maturity = 2 years x 4 = 8 periods
coupon rate = 16% / 4 = 4%
coupon = $18,000
YTM = 12% / 4 = 3%
using a financial calculator, the PV of the bonds = $481,588.61
amortization first coupon = ($481,588.61 x 3%) - $18,000 = $3,552.34
Dr Interest expense 14,447.66
Dr Premium on bonds payable 3,552.34
Cr Cash 18,000
amortization second coupon = ($478,036.27 x 3%) - $18,000 = $3,658.91
Dr Interest expense 14,341.09
Dr Premium on bonds payable 3,658.91
Cr Cash 18,000
amortization third coupon = ($474,377.36 x 3%) - $18,000 = $3,768.68
Dr Interest expense 14,231.32
Dr Premium on bonds payable 3,768.68
Cr Cash 18,000
amortization fourth coupon = ($470,608.68 x 3%) - $18,000 = $3,881.74
Dr Interest expense 14,118.26
Dr Premium on bonds payable 3,881.74
Cr Cash 18,000
[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.
![[100 points, economics, midpoint question]Consider two markets: the market for motorcycles and the market](https://i5t5.c14.e2-1.dev/h-images-qa/contents/attachments/RxPOfFo2StUzHTQGqnbkkpQVAmW3xo7f.png)
Answers
The elasticity of supply for televisions: 2. less elastic than supply in the market for televisions.
To calculate the elasticity of supply, we use the midpoint formula, which is given by:
Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)
First, we need to calculate the percentage change in quantity supplied:
Change in quantity supplied = New quantity supplied - Initial quantity supplied
Change in quantity supplied for televisions = 800 - 1,000 = -200
Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100
Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%
Next, we calculate the percentage change in price:
Change in price = New price - Initial price
Change in price = $1,200 - $800 = $400
Percentage change in price = (Change in price / Initial price) * 100
Percentage change in price = ($400 / $800) * 100 = 50%
Now, we can calculate the elasticity of supply for televisions:
Elasticity of Supply = (-20% / 50%) = -0.4
The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.
The answer is: 2. less elastic than supply in the market for televisions.
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Complete question:
Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.
Supply in the market for smartphones is
the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.Given the following information for Atlas Travel, prepare a bank reconciliation statement for December 31.
Atlas Travel partial cash ledger (t-account) amounts for December transactions
"Cash Debits/
Deposits" "Cash Credits/
Payments"
$3,725 $9
530 750
980 93
353 134
2,040 960
210
2,250
Atlas Travel had a cash balance of $7,242 on December 31
Atlas Travel received the following bank Statement for December:
Best Bank
Bank Statement for December
Beginning December 1, Balance $4,020
Deposits and other additions:
12/1 $635 EFT
12/5 3,725
12/10 530
12/15 980
12/18 353
12/31 1,800 BC 8,023
Checks and other deductions:
12/8 452 NSF
12/15 (check number 1416) 9
12/19 350 EFT
12/22 (check number 1417) 750
12/29 (check number 1418) 93 EFT is electronic funds transfer
12/31 (check number 1419) 314 BC is bank collection
12/31 45 SC 2,013 NSF is non sufficient funds
December 31 Balance $10,030 SC is service charge
Additional Data:
The EFT deposit was a receipt of rent revenue. The EFT deduction was payment of insurance expense.
The NSF check was received from a customer
The $1800 bank collection was a note receivable
The correct amount of check 1419 is $314. Atlas Travel mistakenly recorded the check for $134
Requirements:
1 Prepare the bank reconciliation.
Atlas Travel
Bank Reconciliation
December 31, 20##
Best Bank Balance, Dec. 31 Atlas Travel Balance Dec 31
Add: Add:
Less: Less:
Adjusted bank balance Adjusted company balance
2 Prepare the two journal entries.
Journal
Date Accounts Post. Ref Debit Credit
Dec. 31
Dec. 31
Answers
A bank reconciliation statement is a report that explains the discrepancies between the bank balance in a company's financial records and the balance recorded in the bank's records. These discrepancies arise as a result of errors in a company's accounting system or banking processes.
Below is the given information for Atlas Travel to prepare a bank reconciliation statement for December 31st:Balance per bank statement $3,670Outstanding checks 2,450Deposits in transit 1,350Interest earned on account 20Bank service charge 25Balance per company's books 2,565
The reconciliation statement is presented below:Atlas Travel Bank Reconciliation Statement for December 31st Balance as per bank statement $3,670 Outstanding checks (2,450)Adjusted bank balance $1,220Add deposits in transit 1,350Adjusted balance $2,570
Deduct bank service charges (25)Add interest earned 20Adjusted book balance $2,565The adjusted bank balance is $1,220, obtained by deducting the outstanding checks from the balance as per the bank statement.The adjusted balance is $2,570, obtained by adding the deposits in transit to the adjusted bank balance.
The adjusted book balance is $2,565, obtained by adding the interest earned and deducting the bank service charges from the balance per company's books.
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3. Come up with a set work period, such as one day or one week. State how many of
product 1 you can make in that period if you create the product type exclusively.
Then state how many of product 2 you can make in the same period if you work on
that type of product exclusively. (1 point)
Answers
Based on the information given, the products that will be taken into consideration will be making shirts and making socks.
Solving the set work period.From the complete question, the products that will be produced are shirts and socks.
The inputs to product 1 are fabric, sewing machine printing machine, and time. The inputs to product 2 are fabric, time, and sewing machine.
The set work period will be 140 shirts can be made and 100 socks can be made as well.
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________ is a type of insurance in which a business is covered if the workers cause any damage to the performance of the work.
Answers
Versatility and adaptability are tremendous liabilities.
Answers
False. Versatility and adaptability are tremendous assets.
What are Versatility and adaptability?
Adaptability is the ability of a person and or a leader to acclimatize into different environments. This might be a:
Versatility, on the other hand, is the ability to be flexible, that is possessing many different abilities or skills with allow one to adapt easily.
Inherent in their definitions lie their differences. However, each quality is very crucial for any person either as a follower or as a leader.
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Last year Easton Corporation reported sales of $780,000, a contribution margin ratio of 40% and a net loss of $30,000. Based on this information, the break-even point was:
a. $705,000
b. $930,000
c. $810,000
d. $855,000
Answers
The break-even point for Easton Corporation was $855,000 (option d) is the correct answer.
Based on the information provided, the break-even point for Easton Corporation, we will first find the fixed costs and then use the contribution margin ratio to find the break-even point in sales.
Step 1: fixed costs.
We know that:
- Sales = $780,000
- Contribution Margin Ratio = 40%
- Net Loss = $30,000
Contribution Margin = Sales * Contribution Margin Ratio
Contribution Margin = $780,000 * 40% = $312,000
Now, we can find the fixed costs:
Fixed Costs = Contribution Margin - Net Loss
Fixed Costs = $312,000 - (-$30,000) = $342,000
Step 2: break-even point in sales.
Break-even point in sales = Fixed Costs / Contribution Margin Ratio
Break-even point in sales = $342,000 / 40%
Break-even point in sales = $855,000
Therefore, the break-even point for Easton Corporation was $855,000 (option d).
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Why do Keynesian economists emphasize AD, whereas classical economists emphasize AS?
Answers
Keynesian economists emphasize Aggregate Demand , whereas classical economists emphasize Aggregate Supply because he emphasis on Fiscal policy rather than monetary policy.
How is Keynesian economics different from classical economics?
Classical economics places little emphasis on the use of fiscal policy to manage aggregate demand. Classical theory is the basis for Monetarism, which only concentrates on managing the money supply, through monetary policy. Keynesian economics suggests governments need to apply fiscal policy, especially in a recession
Classical economics emphasizes the fact that loose markets result in an efficient outcome and are self-regulating.In macroeconomics, classical economics assumes the longer term aggregate deliver curve is inelastic; therefore any deviation from full employment will only be temporary.The Classical model stresses the importance of limiting government intervention and striving to keep markets free of potential limitations to their efficient operation.Keynesians argue that the financial system may be under complete capacity for a giant time because of imperfect markets.Keynesians place a extra role for expansionary monetary coverage (government intervention) to conquer recession.Learn more about economics https://brainly.com/question/28208676
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Answers
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Painter Corporation was organized by five individuals on January 1 of the current year. At the end of January of the current year, the following monthly financial data are available:Total revenues $ 299,000Total expenses (excluding income taxes) 192,000Income tax expense (all unpaid as of January 31) 33,200Cash balance, January 31 66,950Receivables from customers (all considered collectible) 33,200Merchandise inventory (by inventory count at cost) 95,700Payables to suppliers for merchandise purchased from them (will be paid during February current year) 27,350Common stock 94,700No dividends were declared or paid during January.Required1. Complete an Income Statement for Painter Corporation.2. Complete Painter Corporation's Balance Sheet.
Answers
Answer:
Painter Corporation
Income Statement
For the month ended January, 202x
Total revenues $299,000
Total expenses ($192,000)
EBIT $107,000
Income taxes ($33,200)
Net income $73,800
Painter Corporation
Balance Sheet
For the month ended January, 202x
Assets:
Cash $66,950
Accounts receivables $33,200
Merchandise inventory $95,700
Total assets $195,850
Liabilities:
Accounts payable $27,350
Stockholders' equity
Common stock $94,700
Retained earnings $73,800
Total stockholders' equity $168,500
Liabilities + stockholders' equity $195,850
Theoretically, how should a business choose between borrowing and equity in its capital structure?
Answers
A business needs to choose between the financing options available, generally there are two options available to a company that is equity and borrowing. A company needs to choose a perfect ratio between the two, Ideal is 40% borrowing and 60% Equity.
What is Borrowing or Debt?Borrowing the financing option that a company have, this is also known as the debt, in a debt the company asks for loan from financial institutions who provide loan to the company at a certain percentage of interest that the company will have to bear as a finance cost, the business will pay this cost to the debtor every year as per the agreed terms.
Ideally a company should never cross 50% of borrowing of the total capital, this makes the investment too risky and the debtors will then as a result increase the interest percentage.
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2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.
Answers
i) The expected number of customers who will make a purchase in the current month is 4.
ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.
(i) For the current month:
Number of people entering the store = 10
Probability of making a purchase = 40% = 0.4
Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase
Expected number of customers making a purchase = 10 * 0.4
Expected number of customers making a purchase = 4
Therefore, the expected number of customers who will make a purchase in the current month is 4.
(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).
For the current month:
n = Number of people entering the store = 10
p = Probability of making a purchase = 0.4
q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6
Standard deviation (σ) of a binomial distribution is given by the formula:
σ = √(n * p * q)
Substituting the values:
σ = √(10 * 0.4 * 0.6)
σ = √(2.4)
σ ≈ 1.55
Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.
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Which situation best illustrates an effect of the law of demand?
A. A car company increases sales when incomes rise in a city.
B. More children go to a theme park after a competing park shuts
down.
C. Customers stop going to a restaurant after it raises its prices.
D. A shop orders more computers when their selling price increases.
Answers
The correct answer is C
Answer: C. Customers stop going to a restaurant after it raises its prices
Explanation: (apx)
(a) Direct Labor Rate Variance:
(b) Labor Efficiency Variance:
(C) Total Direct Labor Cost Variance:
why is nobody is answering??
Answers
Explanation:
(a) Direct Labor Rate Variance:Direct Labor Cost Variance is the difference between the actual direct labor cost, and the standard cost.
The formula for calculating the direct labor cost variance is:
Actual cost per DLH = (Actual) direct labor cost incurred / Actual amount of direct labor hours.
Actual cost per DLH = $360,000/20,000 = $18 per DLH
Direct Labor Cost Variance = [Actual Cost (AC) - Standard Cost (SC)] × Actual quantity of labor hours (AQ).
Direct Labor Cost Variance = ($18 per DLH - $16.50 per DLH) × 20,000 hours
Direct Labor Cost Variance = $1.50 × 20,000 hours
Direct Labor Cost Variance = $30,000 ( U )
The direct labor cost variance is unfavorable because because the firm paid $1.50 more per hour than expected ($18 actual cost - $16.50 standard cost).
(b) Labor Efficiency Variance:
Direct Labor Efficiency Variance: The difference between the actual quantity of labor hours and the labor hours that should have been used (standard quantity).
Direct Labor Efficiency Variance = (AQ − SQ) × SC
We must determine the standard quantity of labor hours before we could solve for the direct labor efficiency variance.
SQ = 45,000 units × 0.5 hours = 22,500 total DLH
Substitute the SQ into the calculations for the direct labor efficiency variance:
Direct Labor Efficiency Variance = (20,000 DLH - 22,500 DLH) × $16.50 per DLH
Direct Labor Efficiency Variance = $41,250 ( F )
The $41,250 direct labor efficiency variance is favorable because the employees worked 2,500 fewer hours than the flexible budget called for to produce 45,000 units.
(c) Total Direct Labor Cost Variance:
Total Direct Labor Cost Variance = Cost Variance - Efficiency Variance
Total Direct Labor Cost Variance = $30,000 ( U ) - $41,250 ( F )
Total Direct Labor Cost Variance = $11,250 ( F )
The $11,250 favorable direct labor variance suggests that total labor costs were significantly less than expectations. The reasons are:
The employees produced 45,000 units in 20,000 hours instead of the expected 22,500 hours—hence, a favorable efficiency variance. The firm also paid its workers an average of $18 per labor hour instead of the standard rate of $16.50—thus, an unfavorable cost variance.
*Note:
This will be the last time that I'll help out with a non-math related topic.
You have entered into an agreement for the purchase of land. The agreement specified that you will take ownership of the land immediately. You have agreed to pay $45,000 today and another $45,000 in three years. Calculate the total cost of the land today, assuming a discount rate of (a) 5%, (b) 7%, or (c) 9%
Answers
Today's total land cost at 5%, 7%, and 9% interest rates are $81715.5, $78772.5, and $75991.5, respectively.
How to find the total value of land?In the case of part a:
In the given information:
Payment amount = $45,000
Rate of interest (r) = 5%
Time period (n) = 3 years
Present value of land = [Payment amount * PVF(period, interest rate)]
PVF = present value factor
The formula for calculating PVF is:
PVF = 1/(1+r)n
Substituting the values of the payment amount, interest rate, and time period into the present value formula:
Present value of land today = $45000 * PVF(0, 5%)
PVF = 1/(1+0.05)
PVF = 0.9523
Present value of land today = $45000 * 0.9523
Present value of land today = $42853.5
Present value of land after 3 years = $45000 * PVF(3,5%)
PVF = 1/(1+0.05)3
PVF = 0.8636
Present value of the land after 3 years = $45000 * 0.8636
Present value of the land after 3 years = $38862
The total cost of land = present value of the land today + Present value of the land after 3 years
Total cost of land = $42853.5 + $38862
Total cost of land = $81715.5
In the case of part b:
Rate of interest (r) = 7%
Present value of land today = $45000 * PVF(0, 7%)
PVF = 1/(1+0.07)
PVF = 0.9345
Present value of land today = $45000 * 0.9345
Present value of land today = $42052.5
Present value of land after 3 years = $45000 * PVF(3,7%)
PVF = 1/(1+0.07)3
PVF = 0.8160
Present value of the land after 3 years = $45000 * 0.8160
Present value of the land after 3 years = $36720
The total cost of land = present value of the land today + Present value of the land after 3 years
Total cost of land = $42052.5 + $36720
Total cost of land = $78772.5
In the case of part c:
Rate of interest (r) = 9%
Present value of land today = $45000 * PVF(0, 9%)
PVF = 1/(1+0.09)
PVF = 0.9174
Present value of land today = $45000 * 0.9174
Present value of land today = $41283
Present value of land after 3 years = $45000 * PVF(3,9%)
PVF = 1/(1+0.09)3
PVF = 0.7713
Present value of the land after 3 years = $45000 * 0.7713
Present value of the land after 3 years = $34708.5
The total cost of land = present value of the land today + Present value of the land after 3 years
Total cost of land = $41283 + $34708.5
The total cost of land = $75991.5
Therefore, the total cost of land at different interest rates is:
At 5% interest rate = $81715.5
At 7% interest rate = $78772.5
At 9% interest rate = $75991.5
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