The following information relates to a product produced by Faulkland Company: Direct materials $ 10 Direct labor 7 Variable overhead 6 Fixed overhead 8 Unit cost $ 31 Fixed selling costs are $1,000,000 per year. Variable selling costs of $4 per unit sold are added to cover the transportation cost. Although production capacity is 500,000 units per year, Faulkland expects to produce only 400,000 units next year. The product normally sells for $40 each. A customer has offered to buy 60,000 units for $30 each. The customer will pay the transportation company directly for the transportation charges on the units purchased. If Faulkland accepts the special order, the effect on operating profits would be a:
Answers
Answer:
$180,000 Increase
Explanation:
The effect on operating profits can be determined by calculating the incremental income or loss arising from the special order.
Incremental analysis of accepting special order
Sales (60,000 × $30) $1,800,000
Less Variable Costs :
Direct materials ($ 10 × 60,000) ($600,000)
Direct labor ($ 7 × 60,000) ($420,000)
Variable overhead ($ 6 × 60,000) ($360,000)
Selling Costs ( $4 × 60,000) ($240,000)
Incremental Income/(loss) $180,000
Conclusion :
If Faulkland accepts the special order, operating income will increase by $180,000.
Related Questions
Waterway Industries factors $3000000 of its accounts receivables without recourse for a finance charge of 3%. The finance company retains an amount equal to 7% of the accounts receivable for possible adjustments. Waterway estimates the fair value of the recourse liability at $310000. What would be the debit to Cash in the journal entry to record this transaction?
Answers
Answer: $2,700,000
Explanation:
The debit to Cash in the journal entry to record this transaction will be calculated as:
= $3,000,000 - [($3,000,000 × 3%) + ($3000000 ×7%)]
= $3,000,000 - ($3,000,000 × 0.03) + ($3000000 × 0.07)
= $3,000,000 - [$90,000 + $210,000]
= $3,000,000 - $300,000
= $2,700,000
Therefore, the debit to cash will be $2,700,000.
Select the correct answer.
Which scenario fits the definition of advertising?
A . Gunther goes door to door selling soapsuds for a living.
B.
Daniel starts a restaurant under the name of Taco Dan.
C. John puts his house up for sale in the local newspaper
D
Jessica calls her colleagues informing them about her new bakery business.
Answers
Jessica calls her colleagues informing them about her new bakery business that scenario fits the definition of advertising. The correct option is D.
Who gave a definition of advertisement?According to Wheeler, "Advertising is any form of paid non-personal presentation of ideas, goods, or services with the intention of persuading people to buy" According to the dictionary, advertising is the "mass communication of information intended to persuade consumers so as to maximize profits."
Paying for space to advertise a good, service, or cause is a common marketing strategy. Advertisements, or simply ads, are the actual promotional messages. Reaching the demographics most likely to make a purchase of a company's goods or services is the aim of advertising.
Thus, the ideal selection is option D.
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Answer:
John puts his house up for sale in the local newspaper
Questions
1. What were the risks and benefits of HSBC's position-
ing itself as the "World's Local Bank"?
Answers
Answer:
the position such as a world's local bank would help HSBC to attract huge customers in different global markets that would also enhance its financial earnings and related strength and ensure its financial success in the banking industry.Explanation:
-3-The two main types of e-commerce are
Answers
Answer:
B2B (Business to business) and B2C (Business to consumer)
Which negative quality does Deborah exhibit?
Deborah believes that people of other races are inferior to her. She treats them with disdain and does not miss an opportunity to abuse them. Deborah is (BLANK)
this is a question on edmentum btw if anyone has answered it i would really appreciate it
Answers
Based on the given information, Deborah exhibited a negative quality of racism.
What is racism?Racism refers to as a negative quality characterized by prejudice, discrimination, or antagonism directed against people who belong to a particular race or ethnic group.
In the scenario given, Deborah believes that people of other races are inferior to her and treats them with disdain, which suggests that she holds prejudiced attitudes towards individuals based on their race. Her behavior of abusing them also suggests that she discriminates against them by treating them unfairly and disrespectfully.
In this 21st century, racism supposed to be things of the past and government of different countries should put measures in place that racist are dealt with accordingly.
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1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities
Answers
A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.
Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.
Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.
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A rise in the market interest rate will cause the market value of a financial instrument such as a bond to rise. Select one: True False
Answers
Answer:
False
Explanation:
As we know that there is an opposite relationship between the price of the bond and the market interest rate. That means if there is a rise in the market interest rate so the price of the bond decreased
And, on the other hand if there is a decrease in the market interest rate so the price of the bond is increased
hence, the given statement is false
31-40. The Group 1 of Grade 6 Aaron agreed and conducted a 1-week cooperative business in the night market. They named it “D Barkada Pie Hauz Coop”. After 1 week of selling activity, their net profit was 15,600.00 pesos. If each share is 100.00, how much dividend will each member receive?
Answers
The dividend that each member will receive If each share is $100 is $156.
What is dividend?The board of directors of a corporation makes the decision on dividend payments to shareholders. It is typical to receive quarterly dividend payments, which can be made in the form of cash or stock reinvestments. A common shareholder of a company that pays dividends is entitled to a dividend payment if they owned the shares on the ex-dividend date or earlier. A dividend is a payment made to shareholders in exchange for their equity investment in a company. It is typically earned from the firm's net profits. While a portion of profits may be retained by the business for use in ongoing and future operations, the remaining may be distributed to shareholders as a dividend.
Dividend= 15,600/100= $156
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john, 84, has developed alzheimer's and can no longer care for himself. prior to becoming incapacitated, john executed a will and a medical power of attorney. john's daughter comes to you, his financial planner, and inquires as to whether she can manage his finances for him, since she is named as the executor of the will and the agent under the medical power of attorney. which one of the following statements would be a correct response to her inquiry? a) john's daughter may not manage his financial affairs unless she is appointed by the court as his custodian. b) john's daughter may manage his financial affairs because she is appointed as executor of the will and as the agent under the medical power of attorney. c) john's daughter may not manage his financial affairs unless she is appointed by the court as his conservator. d) john's daughter may manage his financial affairs because that was his express intent in a conversation you had with him several years ago.
Answers
John's daughter is permitted to handle his financial affairs because she was chosen to serve as both the will's executor and the medical power of attorney's agent.
A person who oversees a deceased person's estate is known as an executor. The main responsibility is to guarantee that the assets are distributed to the intended beneficiaries in accordance with the deceased's desires as expressed in their will or trust documents. a legal document that grants someone the power to decide crucial matters about your health care. supply.
It is from this location that John's daughter expects to carry out her duties as executor and medical power of attorney.
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You are the manager of a firm that receives revenues of $20,000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X is −2, and the cross-price elasticity of demand between product Y and X is −1.6.
Required:
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Answers
Answer:
$3,600
Explanation:
Calculation to determine How much will your firm's total revenues change if you increase the price of good X by 2 percent?
Using this formula
Change in Revenue = [PxQx * (1 + Ex) + PyQy * (Ey)] * % change in P
Let plug in the formula
Change in Revenue= [$20,000*(1-2) +$100,000*(1.6)] * 2%
Change in Revenue= [$20,000*(-1) + $100,000*(-1.6)] * 2%
Change in Revenue= [-$20,000 + (-$160,000)] * 2%
Change in Revenue= $180,000*2%
Change in Revenue=$3,600
Therefore how much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent will be $3,600
Two firms can control the emissions of a pollutant by incurring the following marginal abatement cost and total abatement cost.
Firm 1: MAC_1=300−10E_1 TAC_1=300E_1−5E_1^2
Firm 2: MAC_2=90−5E_2 TAC_2=90E_2−2.5E_2^2
Assume that the current target level of pollution is 30 units (total) under a standard. We do not know if this is the socially efficient level or not. Each firm is limited to 15 units each.
The government is debating a levying a unit tax. However, it does not know what it should set the tax rate at, such that, in total, 30 units of pollution are still produced for the whole region. Answering the following questions will help you.
1. [4 points] find the tax rate such that abatement by the firms is total at 30.
2. [2 points] find each firms total abatement cost (TAC) at that found tax rate.
3. [1 point] find the tax payment by each firm.
4. [3 points] what issues should the government worry about when switching from a standard to a emission charge? (logistic problems of implementing such policy)
Answers
Setting the MAC of both firms equal,
300 - 10E1 = 90 - 5E2
Solving for E1 and E2,
20 = E1 = E2
Since both firms are limited to 15 units each,
E1 + E2 = 30
Therefore, the tax rate should be set at 20 - 15 = 5.
At the tax rate of 5,
E1 = 20 - 5 = 15
E2 = 20 - 5 = 15
So the TAC of firm 1 is
TAC1 = 300 * 15 - 5 * 15^2 = 2250
And the TAC of firm 2 is
TAC2 = 90 * 15 - 2.5 * 15^2 = 975
The tax payment of each firm can be calculated as
Tax payment for firm 1 = 5 * 15 = 75
Tax payment for firm 2 = 5 * 15 = 75
When switching from a standard to an emission charge, the government needs to worry about several issues:
Ensure that all firms are aware of the new policy and understand how it affects their operations
Set up a system to monitor and enforce the new policy
Ensure that the tax rate is set correctly to achieve the desired reduction in pollution
Consider the distributional effects of the policy, such as how it affects different firms and industries differently
Address any potential concerns about the fairness and equity of the policy.
In what way does the IDP promote an integrated approach to the planning of municipal service delivery for development
Answers
Integrated Development Planning is primarily based on community desires and priorities. Communities have the opportunity to take part in figuring out their maximum critical needs.
What is municipal included Development Planning?An Integrated Development Plan is a notable plan for a place that offers a normal framework for improvement.
It targets to coordinate the activities of the neighborhood and different spheres of presidency in a coherent plan to improve the quality of life for all of the human beings dwelling in a place.
Thus, the IDP system encourages all stakeholders who are living and behavior enterprises inside a municipal location to take part withinside the training and implementation of the improvement plan.
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1. Gross domestic product is
a. the total value of all goods produced in a year.
b. the total value of all final goods and services produced in a year.
c. the total value of all services produced in a year.
d. none of the above.
Answers
Many entire vocations in the United States have disappeared in the last few decades. Which of the following is a possible explanation for why vocations have entirely disappeared the last few decades?
A.The low cost of domestic goods could cause manufacturing to be done inside the United States.
B.The high wages of foreign goods could cause manufacturing to be done overseas.
C. The low cost of foreign goods could cause manufacturing to be done overseas.
D. The low cost of domestic goods could cause manufacturing to be done overseas.
Answers
Answer:
C,D
Explanation:
I guess..
btw not sure :)
Answer:
C. The low cost of foreign goods could cause manufacturing to be done overseas.
Zheng has her house built on the border of a public watercourse in a state that follows riparian rights theory. It can be said that she:_________ a. is entitled to have the water body maintained in its natural state by other owners. b. is entitled to use the water for any purpose she may require. c. is not entitled to use any water without obtaining an approval from a court of law. d. is entitled to use only as much water as was used by the previous owner of the land.
Answers
Answer:
a. is entitled to have the water body maintained in its natural state by other owners.
Explanation:
The Riparian law is usually applied the eastern states of the United States to determine who is legally allowed to use water.
Riparian law states that the owner of a property adjacent to a body of water has the right to use it.
The concept of natural flow states that each Riparian land owner can use water for domestic use and no more. If a owner uses it for other purposes, other Riparian owners can take legal action against them.
Each riparian land owner is supposed to use what they need for domestic purpose so that natural flow is maintained for other riparian users.
John and Paul are brothers and both are United States citizen. Paul works in Mexico and maintains two (2) bank accounts in Mexico. The accounts are held in Paul's name but both John and Paul are allowed to write checks from the account. The combined account balances are $50,000. The accounts generate $100 of interest income. Paul pays taxes in Mexico and claim a foreign tax credit on his US Income Tax Return. Which of the following statements are most accurate?
a. Only John has a financial interest in the Mexican bank accounts and must file a FBAR. Paul is exempt from filing the FBAR as he paid taxes to Mexico on the accounts.
b. Both Paul & John have a financial interest in the Mexican bank accounts and are required to file a FBAR.
c. Neither John or Paul have a requirement to file an FBAR as the income generated from the account does not exceed $100.
d. None of the above.
Answers
Answer:
I think B
Explanation:
9. Lobbying for or against trade restrictions Trade restrictions affect the overall welfare of an economy because they change the price consumers pay for a good and the quantity produced and consumed domestically. Trade restrictions, such as tariffs, usually benefit domestic and hurt domestic because they the domestic price of a good. True or False: Producers find it difficult to exert the political influence needed to establish trade restrictions because the benefits to producers are very small and widely dispersed, which makes it difficult for producers to organize. True False
Answers
Answer:
Lobbying for or against trade restrictions:
Trade restrictions affect the overall welfare of an economy because they change the price consumers pay for a good and the quantity produced and consumed domestically. Trade restrictions, such as tariffs, usually benefit domestic and hurt domestic because they the domestic price of a good.
True
Producers find it difficult to exert the political influence needed to establish trade restrictions because the benefits to producers are very small and widely dispersed, which makes it difficult for producers to organize.
False
Explanation:
Answer:
1. True
2. False
Explanation:
Hope this helps
what is the human resources strategy?
Answers
Answer:
Roadmap is basically for solving an organization's biggest challenges with people-centric solutions.
providing the division officer with a weekly status of the divisions current ships maintenance project is the responsibility of what individual
Answers
Overall accountability that ensuring maintenance is carried out in accordance with the 3-M System and quality rests with the commanding officer.
What does maintenance mean in work?Workers in maintenance and repair frequently complete projects involving heating, cooling, plumbing, electrical systems, or even painting and roofing. Several repair and maintenance operations require workers to have a solid working understanding.
What is an example of maintenance?Weekly, monthly, and perhaps even daily maintenance tasks including cleaning and periodic inspections are common. Cleaning, monitoring, and inspection tasks can be completed quickly, often, and cost-free while still enhancing the overall wellbeing and longevity of an asset.
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Question 16 of 40
What is the difference between specialization and cross-training?
A. Specialization is for employees at the top management level of
the company while cross-training is for employees at the entry
level.
B. Specialization is for employees who love what they do while cross-
training is for employees who don't love any one particular area of
their work.
C. Specialization leads employees to focus on a single skill or task
while cross-training deals with training employees in multiple skills
or tasks.
D. Specialization is for employees who have an advanced degree
while cross-training is for those who do not have an advanced
degree.
Answers
The correct answer is C) , Specialization leads employees to focus on a single skill or task while cross-training deals with training employees in multiple skills or tasks.
Specialization and cross-training differ in terms of the focus of training and development. Specialization involves employees focusing on developing expertise in a particular skill or area of work. It often involves becoming highly proficient and knowledgeable in a specific field or task.
Specialization allows employees to become experts in their chosen area and can lead to increased efficiency and productivity in that particular domain.
On the other hand, cross-training involves training employees in multiple skills or tasks that are outside of their primary area of expertise. It aims to provide employees with a broader skill set and the ability to perform different roles within an organization.
Cross-training helps in creating a more flexible workforce that can adapt to changing needs and handle a variety of tasks. It also enhances collaboration and teamwork by enabling employees to understand and appreciate the work of their colleagues in different areas.
Specialization and cross-training are both valuable approaches depending on the organizational needs and employee roles.
Specialization is beneficial when deep expertise and mastery in a specific area are required, while cross-training is advantageous for fostering versatility and adaptability among employees.
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Which of the following occurs when interviewers favor or select people whom they believe to be like themselves on the basis of a variety of personal factors?
Answers
Similarity bias occurs when interviewers favor or select people whom they believe to be like themselves on the basis of a variety of personal factors.
What is similarity bias?"Similarity bias" (also known as "similar-to-me" or "conformity bias") is a type of unconscious bias in which people are naturally drawn to, and ultimately prefer, people who are similar to them.
Similarity bias is your proclivity to connect with people who share your interests, experiences, and backgrounds. Similarity bias can cause interviewers to feel an affinity for candidates who share their characteristics, backgrounds, and lifestyles.
Therefore, similarity bias is the phenomenon that occurs.
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your coin collection 51 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2061, assuming they appreciation at annual rate of 4.2 percent
Answers
Answer:
FV= $4,520.14
Explanation:
Giving the following information:
Face value= $51
Number of years= 2061 - 1952= 109
Appreciation rate= 4.2%= 0.042
To calculate the future value of the coins, we need to use the following formula:
FV= PV*(1+i)^n
FV= 51*(1.042^109)
FV= $4,520.14
In which situation would a banker's draft be used?
A. When a person is traveling in another country and does not want
to carry a lot of cash
B. When a buyer doesn't want to wait for the seller to confirm that
funds exist in an account
C. When a buyer wants to purchase a large number of items at once and wants the seller to have quick access to funds
D. When the person making the payment wants money to be
available in the receiving bank's account
Answers
Banker's draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
What is bank draft?Banker's draft is a a form of cheque that is given to a customer at the bank either for a purchase payment.
It can also be brought to another bank for remittance, it serves as evidence for transactions.
Therefore, a banker draft can be used when the person making the payment wants money to be
available in the receiving bank's account.
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Answer:
D. When the person making the payment wants money to be
available in the receiving bank's account
Explanation:
A banker's draft is used as a guarantee of payment to another bank or financial institution. Nonetheless, when someone wants money to be available in the receiving bank's account they use a banker's draft.
What is not a common complaint about MBO?
Answers
One thing that is not a common complaint about MBO is that it is too informal or lacks structure.
What are common complaint about MBO?One of the common complaints about Management by Objectives (MBO) is that it can create a rigid and inflexible environment that focuses too much on achieving specific goals and objectives at the expense of other important factors.
MBO is a structured performance management approach that involves setting specific, measurable, and achievable objectives for employees, aligning these objectives with the overall goals of the organization, and regularly monitoring progress towards these objectives. MBO provides a clear framework for goal-setting and performance evaluation, and it is often used in conjunction with other performance management tools such as performance appraisals and feedback.
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a) Why is ethical relativism considered to be self-contradictory?
b) Explain conceptual muddles with an example.
Answers
Answer:
El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.
Explanation:
El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.
consider the market for medical doctors. suppose the opportunity cost of going to medical school increases for many individuals. further, suppose it generally takes about 10 years to become a practicing doctor. holding all else constant, in 10 years the equilibrium wage for doctors will
Answers
Suppose the opportunity cost of going to medical school increases for many individuals. in 10 years the equilibrium wage for doctors will likely increase as the supply of doctors decreases.
What is an equilibrium wage?Generally, When the opportunity cost of going to medical school increases, fewer people will choose to become doctors, which means that the supply of doctors will decrease.
This decrease in supply, combined with the fact that the demand for doctors is likely to remain relatively constant, will lead to an increase in the equilibrium wage for doctors. In other words, the increase in the opportunity cost of becoming a doctor will lead to a higher wage for doctors in the long run.
It is important to note that this is a general prediction and other factors could also affect the wage for doctors in the long run.
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The human resources department at a major high tech company recently conducted an employee satisfaction survey of 100 of its 3000 employees.Data were collected on such variables as age,gender,marital status,current salary,level of overall satisfaction on a scale from 1 to 5,number of years with the company,and job title.Which of the variables listed are considered to be ratio level data?A) Age and years with the companyB) Gender and marital statusC) Job titleD) None of the variables is ratio level.
Answers
Answer: Gender and marital status and Job title.
Explanation:
Ratio scale simply refers to a form of quantitative variable measurement scale whereby differences can be compared by the researcher.
Of the options given among variables listed are considered to be ratio level data are gender, marital status and Job title.
Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year. What is the margin for the year
Answers
The margin for the year is 30% for Circle Square, incorporated had an ROI of 9%, turnover of 3.0, and sales of 4 million for the year.
What is margin?
To calculate the margin, we can use the formula:
Margin = Net Income / Sales
First, we need to find the net income, which is calculated as:
Net Income = ROI x Total Assets
Total Assets = Sales / Turnover
Net Income = ROI x (Sales / Turnover)
Net Income = 0.09 x (4,000,000 / 3.0)
Net Income = $1,200,000
Now we can calculate the margin:
Margin = Net Income / Sales
Margin = $1,200,000 / $4,000,000
Margin = 0.30 or 30%
Therefore, the margin for the year is 30%.
What are the assets?
An asset is a resource that is owned or controlled by an individual, company, or organization that has economic value and is expected to generate future benefits. Assets can be both tangible and intangible. Tangible assets are physical objects that can be seen and touched, such as buildings, equipment, inventory, and cash. Intangible assets, on the other hand, are non-physical items that do not have a physical presence but still have value, such as intellectual property, brand names, patents, trademarks, and copyrights.
Assets are recorded on a company's balance sheet and are typically classified as current assets, such as cash or inventory that can be converted to cash within one year, or long-term assets, such as buildings or equipment that will provide future economic benefits over a period of several years.
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“Inflation doesn’t in itself reduce people’s real purchasing power” : Discuss
Answers
Answer:
inflation doesn't reduce purchasing power by itself because it should be combined with the income level of the individuals
Identify Ten (10) Differences that exist Between
Personal consumers and organisational Consumers.
Answers
Explanation:
Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.