Answers
Related Questions
Search the Internet and locate a job that you would consider applying for.
Construct a Cover Letter for this actual job.
Upload your professional cover letter
Answers
A Cover Letter for this actual job.
[Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number]
[Today's Date]
[Recipient's Name]
[Company Name]
[Company Address]
[City, State, ZIP Code]
Dear [Recipient's Name],
I am writing to express my keen interest in the [Job Title] position at [Company Name], as advertised on [Job Board/Company Website]. With my strong background in [Relevant Skills/Experience], I am confident in my ability to contribute to the success of your organization.
Having [X years] of experience in [Industry/Field], I have honed my skills in [Key Skills/Expertise], which I believe align perfectly with the requirements of the [Job Title] role. I am particularly drawn to [Company Name]'s commitment to [Specific Company Values/Initiatives] and its reputation for excellence in [Industry/Field].
Throughout my career, I have demonstrated a strong track record in [Relevant Achievements/Projects], showcasing my ability to [Specific Skills/Results]. I am highly skilled in [Technical Skills/Software], and I possess excellent [Soft Skills/Abilities], allowing me to collaborate effectively with cross-functional teams and deliver outstanding results.
I am excited about the opportunity to contribute to [Company Name]'s ongoing success and would welcome the chance to discuss further how my skills and experience align with your organization's goals. Enclosed is my resume for your review.
Thank you for considering my application. I look forward to the possibility of meeting with you to discuss how my qualifications make me a strong fit for the [Job Title] position at [Company Name].
Sincerely,
[Your Name]
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Dwight Donovan, the president of Fanning Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of four years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $108,000 and for Project B are $48,000. The annual expected cash inflows are $51,270 for Project A and $20,675 for Project B. Both investments are expected to provide cash flow benefits for the next three years. Fanning Enterprises’ desired rate of return is 6 percent. (PV of $1 and PVA of $1) Use appropriate factor(s) from the tables provided.)
A. Compute the net present value of each project. Which project should be adopted based on the net present value approach?
B. Compute the approx. internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
Answers
The net present value of Project A is $29,045.32, and net present value of project B is $22,264.52. The project that should be adopted based on the net present value is project A.
What is net present value?Net present value is the present value of after-tax cash flows from an investment less the amount invested.
a. The net present value of Project A:
= Present value of cash inflows - Initial expenditure
= (51,270 x present value interest factor, 6%, 3 years) - 108,000
= 51,270 x 2.673012 - 108,000
= $29,045.32
The net present value of Project B:
= 20,675 × 2.673012 - 33,000
= $22,264.52
b. Calculation of Internal Rate of Return:-
The IRR has been calculated using the financial calculator.
The IRR of Project A is 16% and that of Project B is 14%.
IRR of project A is more than Project B, which means Project A's return is more than project B. As per IRR Approach Project A is better than Project B.
Therefore, as per IRR and net present value approach Project A should be selected.
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country 2010 real gross domestic product (real gdp) population a $500,000 250 b $800,000 800 which conclusion is supported by the data in the table?Which conclusion is supported by the data in the table?
A) The economy of Country B will grow at a faster rate.
B) Country A has a more equal distribution of income.
C) Country B has a lower real GDP than Country A.
D) Country A has a greater real GDP per capita than Country B.
E) Country B has a growth rate of 10 percent.
Answers
The conclusion supported by the data on Countries A and B and their real GDP is D) Country A has a greater real GDP per capita than Country B.
How to find the real GDP per capita ?The real GDP per capita shows the theoretical amount that each person in the population, contributes to the real GDP.
It is therefore found by the formula :
= Real GDP / Population
Country A real GDP per capita :
= 500, 000 / 250
= $ 2, 000
Country B real GDP per capita :
= 800, 000 / 800
= $ 1, 000
Country A therefore has a greater real GDP per capita than Country B.
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Which type of car insurance policy usually has the highest premium?
Answers
Comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
Comprehensive car insurance is an optional coverage that provides protection against damage to your vehicle from various risks such as theft, vandalism, fire, and natural disasters. It also covers damages to your car from collisions with animals. Comprehensive car insurance provides broader coverage than liability insurance, including damage to both other people and property and your own car, making it more expensive.
Therefore, comprehensive car insurance policy usually has the highest premium among all the other types of car insurance policies. Hence the correct answer is A.
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What will most likely cause a lender to deny credit?
OA short credit history with high balances
O Possession of two credit cards
OA small amount of debt owed
OA historic credit score of 300
Answers
Answer:
A historic credit score of 300
Explanation:
A credit score is a numeric record that expresses the reliability of a borrower to repay loans. The credit score or credit rating is determined by, among other things, credit history, income level, and the individual's income to debt ratio.
Credit scores range between 300 and 850. 300 is the lowest and the poorest score. A score of 300 indicates that the borrower has a bad history of debt repayment. They are always late on repayments, miss on installments, or have defaulted on loans. Lenders consider such persons as high-risk borrowers and are likely to deny them credit facilities.
Which of the following answer options are your employer's responsibility? (OSHA)
(A) Develop a written hazard communication program
(B) Implement a hazard communication program
(C) Maintain a written hazard communication program
Answers
Answer: A, B, and C. ALL OF THE ABOVE!
Explanation:
They're all the correct answer.
An employer's OSHA responsibility with regard to a hazard communication program is (C) Maintain a written hazard communication program.
OSHA's HCS, 29 CFR 1910.1200 (e) specifically requires the employer to maintain a written hazard communication.This written program includes maintenance of labels and other warning forms, safety data sheets.It is also required that the employer should provide safety information and training, especially for its employees.Thus, the responsibility of the employer is not to develop or implement a hazard communication program but to maintain a written hazard communication program.
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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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IHOP 'N GO
Drag and drop steps in correct order, then Submit.
Deliver order and thank guest
Input the order into the
Collect payment
Repeat order to ensure accuracy
Write down guest name and order
Ask if they need condiments
Answers
Kabete limited is a one of the seed companies operating in Kenya. The company develops, produces, and
distributes high quality seeds that guarantee high performance for the farmers located in dry lands and
highlands part of the country. Last month, the company had a major breakthrough in the development of
a resistant and high quality seed of sorghum suitable for growing conditions of Kerio Valley where Kenya
Development Authority (KVDA) has commissioned irrigation schemes on thousands of hectares of
arable land. In order to process and deliver the seed, Kabete limited has the option either hiring a
processing plant from Smart Seed limited or acquiring it in order to meet the demand of the already
identified market. The following information for the two options has been availed by the capital
budgeting team.
OPTION ONE: HIRING PROCESSING PLANT
(i) Smart Seed limited will charge $ 250 per hour for a maximum of ten hours a day
(ii) The charges per hour beyond ten hour processing time is $280
(iii)Smart Limited estimates that inflation will go up each year by five per cent. As a result, annual
charges will be adjusted upwards to accommodate for inflation.
(iv)Kabete limited estimates that it requires 2,000 hours of the hired plant at most for 80 days a year.
OPTION TWO: SET UP THE PLANT
(i) Acquisition cost is estimated to be $1.5 Million
(ii) Preliminary expenses is estimated to be $ 0.2 Million
(iii)Excess capacity is anticipated which the company plans to rent out for eight hours a day for $ 280
per hour, 250 days in a year
(iv)Installation Costs estimated to be $ 75,000
(v) Initial amount of required of working capital estimated at $ 40,000
(vi)Maintenance cost per year is estimated at $ 30,000
(vii) Energy Consumption cost per year is estimated at $ 50,0000
(viii) Incremental overheads cost per year is estimated at $ 140,000
(ix)Financing costs per year estimated at $ 20,000
(x) Useful Life of the machine = five years
(xi)Estimated salvage value at the end year five is $ 20,000
(xii) No Depreciation charge in Year five
(xiii) Corporate tax rate = 30 %
(xiv) Risk adjusted cost of capital is estimated at 12 %
(xv) Depreciation rate is given 25 % on a reducing balance basis
(xvi) The plant can be rented out
Questions:
(a) What is the intuitive explanation of the hurdle rate of 12 %
(b) Compute total savings in hiring charges if the company sets up the plant
(c) Compute rental revenue from renting out the processing plant
(d) Using Discounted cash flow techniques of NPV and BC-R , compute the figure of merit and decision
criterion
Page 2 of 6
Answers
(a) The hurdle rate of 12% is the minimum rate of return that an investment project must earn to be considered viable.
b) Total savings in hiring charges if the company sets up the plant is $38,385,000.
c) Rental revenue from renting out the processing plant is $2,800,000.
d) The figure of merit can be computed using the discounted cash flow techniques of NPV and BC-R.
a) It represents the opportunity cost of investing in the project, which is the return that could be earned by investing in an alternative project with similar risk. Therefore, any investment project must be evaluated against this hurdle rate to determine if it is worth pursuing.
(b) Total savings in hiring charges if the company sets up the plant can be calculated as follows:
Total hours required = 2,000 hours x 80 days = 160,000 hours
Maximum hours per day = 10 hours
Total days required = 160,000 hours / 10 hours per day = 16,000 days
Hiring cost for 16,000 days = $250 x 10 hours x 16,000 days = $40,000,000
Cost of setting up the plant = $1.5 million + $0.2 million + $75,000 + $40,000 = $1,615,000
Total savings in hiring charges = $40,000,000 - $1,615,000 = $38,385,000
(c) Rental revenue from renting out the processing plant can be calculated as follows:
Rental revenue per year = $280 x 8 hours x 250 days = $560,000
Total rental revenue for five years = $560,000 x 5 = $2,800,000
(d) The net present value (NPV) method calculates the present value of all expected cash inflows and outflows of a project, using a discount rate to adjust for the time value of money. The benefit-cost ratio (BC-R) method measures the ratio of the present value of expected cash inflows to the present value of expected cash outflows.
NPV can be calculated as follows:
Year 0:
Initial investment = -$1,615,000
Year 1-4:
Cash inflows = Rental revenue + Tax savings on depreciation
= $560,000 x (1 - 0.3) + ($1,615,000 x 0.25 x (1 - 0.3))
= $452,600
Cash outflows = Operating expenses + Financing costs
= $30,000 + $50,000 + $140,000 + $20,000
= $240,000
Discount factor at 12% = 1 / (1 + 0.12)^n, where n is the year
NPV = Sum of (Cash inflows - Cash outflows) x Discount factor
= -$1,615,000 + ($452,600 x 0.893) + ($452,600 x 0.797) + ($452,600 x 0.712) + ($452,600 x 0.636)
= $366,420
BC-R can be calculated as follows:
Present value of cash inflows = $452,600 x (1 / (1 + 0.12)^1) + $452,600 x (1 / (1 + 0.12)^2) + $452,600 x (1 / (1 + 0.12)^3) + $452,600 x (1 / (1 + 0.12)^4)
= $1,384,511
Present value of cash outflows = $1,615,000
BC-R = Present value of cash inflows / Present value of cash outflows
= $1,384,511 / $1,615,000
= 0.857
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How you see your self can make a great different
in how
you Communicate
Answers
Answer: It is not what you say but how you say it.
Explanation: I have always been a person who communicates well but with my flaws. Sometimes the tone of voice can be betrayed, so it is important to use the right one so that people can feel the warmth of the words. The way things are said is more than what is said. It is not a matter of lying but of saying things in a way that is real but at the same time within a framework of respect.
The company is now using only 70% of its normal capacity; it could fully use its normal capacity by processing the assembly further and selling it for $51 per unit. If the company does this, material and labor costs will each increase by $2 per unit and variable overhead will go up by $1 per unit. Fixed costs will increase from the current level of $160,000 to $225,000. Prepare an analysis showing whether Jensen should process the assemblies further.
Use a negative sign with answer to only indicate a loss from processing assemblies further; otherwise do not use negative signs with your answers.
Sell of Process Further Differential Analysis
Differential revenue
Differential costs
Direct material
Direct labor
Variable overhead
Fixed costs
Additional income (loss) from processing further $
Answers
Question Completion:
Jensen Manufacturing Company makes a partially completed assembly unit that it sells for $36 per unit. Normally, 42,000 units are sold each year. Variable unit cost data on the assembly are as follows:
Direct material $10
Direct labor 8
Variable manufacturing overhead 4
Answer:
Jensen Manufacturing CompanySell or Process Further Differential AnalysisDifferential revenue $630,000
Differential costs
Direct material -84,000
Direct labor -84,000
Variable overhead -42,000
Fixed costs -65,000
Additional income (loss) from processing further $355,000
Explanation:
a) Data and Calculations:Sell Process Further Difference
Sales price per unit $36 $51 $15
Costs:
Direct material $10 12 2
Direct labor 8 10 2
Variable manufacturing
overhead 4 5 1
Fixed costs $160,000 $225,000 $65,000
Normal annual production and sales = 42,000 units
Differential revenue = $630,000 ($15 * 42,000)
Differential costs:
Differential direct material cost = $84,000 ($2 * 42,000)
Differential direct labor cost = $84,000 ($2 * 42,000)
Differential overhead cost = $42,000 ($1 * 42,000)
Differential fixed cost = $65,000 ($225,000 - $160,000)
Total differential costs = $275,000
b) Jensen Manufacturing should process the assembly units further as it will gain additional $355,000 income by so doing.
Why is it important to stick to a study schedule even if you are caught up with everything? a It guarantees higher grades on your exams. b It helps to create good study habits. c It is time set aside so you can take a break from watching television. d It gives you more time to play your favorite game without interruption.
Answers
Answer:
Explanation:
B - It helps to create good study habits.
A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether:_________
a. revenues from operating are sufficient to cover fixed plus variable costs
b. firms suffering economic losses will always shut down
c. Price cover minimum variable costs
d. revenues from operating are sufficient to cover fixed costs
Answers
Answer:
C
Explanation:
A firm is making economic losses if opportunity cost is greater than accounting profit.
In the short run, a firm should shut down if price is less than variable cost.
A short run is the period where all the factors of production are fixed
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
b corporation has requested m, inc., to issue status reports on projects supported by b corporation funding. m has engaged x, a cpa, to perform an attestation engagement to provide assurance on the status reports. b corporation
Answers
Since B Corporation has requested M, Inc., to issue status reports on projects supported by B Corporation funding and M has engaged X, a CPA, to perform an attestation engagement to provide assurance on the status reports, a statement which is true is that: M, Inc., is the responsible party.
What are the phases of a project?Generally speaking, there are five (5) major phases that are adopted in project management and these include the following:
Initiation.Planning.Execution.Monitoring and control.Finalizing (closure).What is CPA?In Project management, CPA is an abbreviation for critical path analysis and it can be defined as a project management technique that typically involves mapping out every fundamental (key) task that are necessary in order to successfully execute, implement, and complete a project.
In this context, we can reasonably infer and logically conclude that M Inc., would be the responsible party.
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Complete Question:
B Corporation has requested M, Inc., to issue status reports on projects supported by B Corporation funding. M has engaged X, a CPA, to perform an attestation engagement to provide assurance on the status reports. Which of the following statements is true?
B Corporation, is the responsible party.
X, is the responsible party.
M, Inc., is the responsible party.
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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Consider the following BPMN diagram:
Answers
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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2. Ellen went to play golf last week at her favorite course. As she was approaching the first hole, she noticed (1 point)
something different about the flag. When she got closer, she noticed that the flag was advertising a new
bistro that had just opened up in town. This advertising scheme is an example of marketing
O viral
direct
O guerilla
0 sales
Answers
Answer:
B.
Explanation:
The flag is simple and direct on where the business is, and what it is about.
The type of marketing that is done based on the new Bistro that has been opened is the sales marketing.
What is sales marketing?This is a type of marketing that intends to sell goods and services and also increase revenue for a business.
The business wants to drive upo its sales so they are advertizing to get as much customers as they can.
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14) A firm's internal business environment does NOT include its ________.
A) employees
B) patents
C) products
D) technologies
E) customers
Answers
Answer:
E) Customers
Explanation:
Took the quiz
Given the accounts below, choose all of the ones that affect equity. (Check all answers that apply.) Check all that apply. Revenues Mortgage Payable Cash Common Stock Accounts Payable Expenses Dividends
Answers
Revenues, gains, expenses, and losses are the primary accounts that have an impact on owner's equity. If you make money, your owner's equity will rise.
Which of the following accounts will not affect owner's equity?The transfer of cash from one asset to another in the process of buying inventory for cash has no effect on owners' equity (inventory). Owner equity increases as revenues rise. Owner's equity is reduced by revenues, which are a byproduct of operating expenses. Common stock, retained earnings, dividends, revenue, and expense all have an impact on stockholders' equity. Equity held by owners of a company remains unchanged if land is purchased with cash.
Since they are creditors of the company, bondholders do not possess any equity in it. An equity position exists for both common and preferred stockholders. Assets rise as stockholder equity falls. However, since the purchase of office equipment on account is not a capital-related activity, it will not affect the stockholders' equity even though it is true that the assets would increase.
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You purchased eight put option contracts with a strike price of $30 and a premium of $1.10. What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $26.50 a share
Answers
Answer:
$23120
Explanation:
The computation of the total net amount received is shown below:
Total Premium Paid
= 800 Option × $1.10
= $880
And,
Amount Received is
= 800 Option × $30
= $24000
So, Net Amount Received is
= $24000 - $880
= $23120
Briana Foods Inc., a manufacturer and distributor of grocery products, uses online recruiting for sales personnel.On its Website, Briana says, "A sales representative is required to distribute, sell, and promote Briana products.He or she should be the primary link with retail customers and consumers, execute company promotions, meet inventory needs, and monitor the competition within their region.A representativespends most of the worktime communicating with the customer to create a win-win solution." Which of the following goals of recruiting is Briana trying to meet in the given scenario?
A) Ensuring that applicants are qualified
B) Exaggerating the job description to attract the best talent
C) Providing an honest assessment of the job
D) Generating fine distinctions between applicants
E) Keeping the applicant pool at a reasonable size
Answers
Answer:
C) Providing an honest assessment of the job
Explanation:
In the given scenario the online recruitment process begins with a detailed job description of the sales representative position.
A job description is a statement of the requirements of a job role and also indicates key success steps on the job
Briana states that - A sales representative is required to distribute, sell, and promote Briana products.He or she should be the primary link with retail customers and consumers, execute company promotions, meet inventory needs, and monitor the competition within their region.A representativespends most of the worktime communicating with the customer to create a win-win solution.
This provides the applicants with a honest assessment of the job so they will know what to expect should they be successful
A corporation uses the indirect method for preparing the statement of cash flows. A fixed asset has been sold for $21,832 representing a loss of $3,248. Determine the amount that would appear in the operating activities section of the statement of cash flows based on this transaction.
Answers
In the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income.
In the indirect method of preparing the statement of cash flows, the operating activities section includes adjustments to net income for non-cash items and changes in working capital. The sale of a fixed asset and the loss incurred from it are both non-cash items that need to be considered.
Since the loss from the sale of the fixed asset is $3,248, this loss is added back to the net income when calculating the operating activities section. This is because the loss is a non-cash expense and does not represent an actual outflow of cash.
Therefore, in the operating activities section of the statement of cash flows, the amount related to this transaction would be the loss of $3,248 added back to the net income. This adjustment would increase the net income by $3,248 in the operating activities section, reflecting that the loss from the sale of the fixed asset does not affect the cash generated or used by the operating activities of the corporation.
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Imagine you are writing a friend an email about your great new job. Use your imagination and your research findings!
Your paragraph/email should answer all of the following:
What career do you have?
Where do you work (hospital, office, lab)?
Whom do you work with?
What do you do at your job?
What makes you good at your job?
What equipment or technology do you use?
Answers
hey friend! i got a new job today. i’m very excited to work as a doctor, i work in a office sometimes but i go to patients most the time to help them! i work with sara who lives down the street from you. i help kids most the time. i let them use my stethoscope and stuff like that! thanks! [your name]
11. Identify five products sold in shops around your home. (5mks) 12. Identify any five occupations found in your trading centre. (5mks) 13. Outline the role of division of labour and specialisation. (5mks)
Answers
Groceries, apparel, electronics, books, and home products are the five items that are sold in stores close to my house. Shop owners, salespeople, the cashiers, guards for safety, and dry cleaners are the five jobs present in my trading center.
The separation of tasks and functions inside a system to boost production and efficiency is referred to as the division of labour and specialization.
Specialization enables workers to concentrate on the stages of the production process where they have an advantage, increasing productivity and output. The separation of roles and duties within a system is made possible by the division of labour, which boosts production and efficiency.
As a result, the significance of the five products sold in shops around home are the aforementioned.
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3.
Calculate the ceiling price.
Question 3 of 29.
Given the following information, calculate the ceiling price: Point of Total Assumption (PTA)-$73.97; target cost-$58.44; government share ratio= 72/28; target price = $70;
$132.41
O $81.18
O $58.82
O $85.53
Mark for follow up
Back Save/Return Later Summary Next >>
Answers
The ceiling price based on the information given is B $81.18. Therefore, the correct option is B.
How to explain the informationCeiling price refers to the maximum price that can be legally charged for a product or service. It is often set by government authorities or regulatory bodies to protect consumers from excessive pricing or to control inflation. The ceiling price acts as a price cap, preventing sellers from charging prices above the specified limit.
Ceiling prices are typically implemented during emergencies, crises, or in industries where there is a lack of competition.
Ceiling Price = PTA + (Target Price - PTA) x Government Share Ratio
Plugging in the given values, we get:
Ceiling Price = $73.97 + ($70 - $73.97) x 72/28
= $81.18
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Required : You are to prepare the Arc's federal income tax return in good form . You are not to complete an Ohio state income tax return . The following and schedules are required and may be found in parts 1
Answers
D
D
s
S
S
As
Dssss
- Harvard university professor
Answer:
D
Explanation:
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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George was in an automobile accident. According to the police report, he was responsible for causing the wreck. The accident was large enough to close down the interstate for an hour. The three people in the other car were rushed to the hospital. The costs associated with the rescue and medical care were $18,000 for each person. Based on the facts of the case, which of the following statements is true?
I. George can expect his PAP premiums to increase in the future.
II. George will be personally liable for any excess damages not covered by insurance.
III. George’s future liability will be exempt if he can prove that he was covered at the state insurance minimum level.
a. I and III only.
b. I and II only.
c. III only.
d. I only.
Answers
Answer:
c. III only.
Explanation:
George is responsible for the damages caused but it is also out of control from the George since he does not willingly does the accident. His liability turn out to be $18,000 for the medical care that the victims of the accident incurred. He can exempt his future liability if he can prove that he was covered at state insurance.
Free Cash Flow
100
Growth rate
2%
Tax Rate
1%
Cost of Capital
5%
Debt-to-total value
50%
Given the data in the above, what is the terminal value of the business (using the growing perpetuity formula)?
Answers
Answer:
Explanation:
Terminal value of business Formula = FCF (1+g)/(WACC- g)
Where:
FCF= current free cash flow = 100
g= Growth rate = 2%
WACC = Weighted average cost of capital = Cost of capital = 5%
Terminal Value of the business= FCF (1+g)/(WACC- g)
Terminal Value of the business= 100 (1+2%)/(5%- 2%)
Terminal Value of the business= 3,400
Closing and opening stores. Sanchez Corporation runs two convenience stores, one in Connecticut and one in Rhode Island. Operating income for each store in 2017 is as follows:
Connecticut Store Rhode Island Store
Revenues $1,150,000 $820,000
Operating costs
Cost of goods sold 700,000 640,000
Lease rent (renewable each year) 86,000 71,000
Labor costs (paid on an hourly basis) 41,000 44,000
Depreciation of equipment 21,000 19,000
Utilities (electricity, heating) 40,000 49,000
Allocated corporate overhead 50,000 42,000
Total operating costs 938,000 865,000
Operating income (loss) $212,000 $(45,000)
The equipment has a zero disposal value. In a senior management meeting, Maria Lopez, the management accountant at Sanchez Corporation, makes the following comment, "Sanchez can increase its profitability by closing down the Rhode Island store or by adding another store like it."
1. By closing down the Rhode Island store, Sanchez can reduce overall corporate overhead costs by $44,000. Calculate Sanchez’s operating income if it closes the Rhode Island store. Is Maria Lopez’s statement about the effect of closing the Rhode Island store correct? Explain.
2. Calculate Sanchez’s operating income if it keeps the Rhode Island store open and opens another store with revenues and costs identical to the Rhode Island store (including a cost of $22,000 to acquire equipment with a one-year useful life and zero disposal value). Opening this store will increase corporate overhead costs by $4,000. Is Maria Lopez’s statement about the effect of adding another store like the Rhode Island store correct? Explain.
Answers
Answer:
Sanchez Corporation
1. Connecticut
Store
Revenues $1,150,000
Operating costs
Cost of goods sold 700,000
Lease rent (renewable each year) 86,000
Labor costs (paid on an hourly basis) 41,000
Depreciation of equipment 21,000
Utilities (electricity, heating) 40,000
Allocated corporate overhead 92,000
Total operating costs 980,000
Operating income (loss) $170,000
Maria Lopez is correct by $3,000 increase in operating income.
2. Connecticut Rhode Island Identical
Store Store Store
Revenues $1,150,000 $820,000 $820,000
Operating costs
Cost of goods sold 700,000 640,000 640,000
Lease rent (renewable each year) 86,000 71,000 71,000
Labor costs (paid on an hourly basis) 41,000 44,000 44,000
Depreciation of equipment 21,000 19,000 22,000
Utilities (electricity, heating) 40,000 49,000 49,000
Allocated corporate overhead 50,000 42,000 4,000
Total operating costs 938,000 865,000 808,220
Operating income (loss) $212,000 $(45,000) $11,780
Maria Lopez is correct by $11,780 increase in operating income.
Explanation:
a) Data and Calculations:
Connecticut Rhode Island
Store Store
Revenues $1,150,000 $820,000
Operating costs
Cost of goods sold 700,000 640,000
Lease rent (renewable each year) 86,000 71,000
Labor costs (paid on an hourly basis) 41,000 44,000
Depreciation of equipment 21,000 19,000
Utilities (electricity, heating) 40,000 49,000
Allocated corporate overhead 50,000 42,000
Total operating costs 938,000 865,000
Operating income (loss) $212,000 $(45,000)