An assembly drawing: Question 22 options: A) shows an exploded view of the product. B) describes the dimensions and finish of each component. C) shows, in schematic form, how the product is assembled. D) lists the operations, including assembly and inspection, necessary to produce the component with the material specified in the bill of material. E) provides detailed instructions on how to perform a given task.

Answer:

The correct answer is: profit-oriented pricing.

Explanation:

Profit-oriented pricing is set by companies after determining the production of total costs per unit of the goods offered. After that, the profit is established typically as a percentage of the costs incurred. The problem with this method of costing is that the sum of the costs and the profit margin can result in a price that is higher than the average for the product.

Even worse, competitors may take advantage of that scenario to lower their prices to drag more consumers away from the profit-oriented pricing entity.

Answer:

$930.11

Explanation:

We will first find the YTM

Par value 1000

Couple rate 8.50%

N 24

PV $925

PMT $85

FV $1000

We are going to use YTM to find the bonds price of 5 years .

Therefore:

Value in 5 years will be:

N 20

I/YR 9.28%

PMT 85%

FV $1,000

PV $930.116

Final answer:

The price of a bond is influenced by its coupon rate, face value, current market price, and yield to maturity. If the yield to maturity remains constant, the bond price will gradually increase toward its face value as it nears maturity. However, without the exact yield to maturity and the formula used to calculate this bond's price, we cannot determine the exact price after five years.

Explanation:

To determine the price of a bond five years from now, we must understand how bond prices fluctuate with interest rates. The bond in question has an 8.5% annual coupon rate and a $1,000 par value. It currently sells for $925. If the yield to maturity (YTM) remains constant, the price of the bond will approach its par value as the maturity date gets closer.

While the provided references discuss how interest rates affect bond prices and what yield or total return comprises, it does not directly provide a calculation for the bond price after five years. To calculate this, we would typically use the formula for the present value of a bond. However, given the choices provided and assuming the current yield to maturity is reflected in the current price, we must select a choice that is closer to par than the current price—assuming no changes in interest rates and that the bond is still considered to be a desirable investment.

Given that we do not have the exact formula or YTM used to calculate the bond's future price, we cannot confidently provide the correct answer among the options given without speculation. Hence, we refuse to speculate on an answer.

Solution and Explanation:

GDP is calculated as follows:

Y = C + G + I + NX

where

C = Consumption

G = Government Expenditure

I = Investment

NX = Net Exports

It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

The decline in GDP from $50 million to $48 million without changes in personal consumption, domestic investment, and government spending indicates a decrease in net exports. This could be due to reduced exports or increased imports.

The Gross Domestic Product (GDP) is calculated as the sum of personal consumption expenditures, gross private domestic investment, government spending, and net exports(exports minus imports). Given that GDP fell from $50 million in 2015 to $48 million in 2016, with no changes in personal consumption expenditures, gross private domestic investment, and government spending, we can infer that the change must have been in the net exports. The net exports must have decreased, either due to a decrease in exports or an increase in imports, resulting in the GDP decline.

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Answer:A total deduction of $103,000, $1244 limits the ordinary loss deduction for married couple filling jointly

to $100,000. In this case, the total loss incurred on the §1244 stock is $135,000 ($60,000 + $75,000). The remaining $35,000 loss is treated as a capital loss, which can offset other capital gains plus $3,000 of ordinary income.

Explanation:

Jack and Jill are eligible to deduct $100,000 of the total $135,000 loss incurred on their §1244 stocks according to section 1244 of the Internal Revenue Code. The remaining $35,000 will be treated as a capital loss and will be carried forward to next year.

Jack and Jill had total business losses amounting to $135,000 from the decrease in stock value in Creepy Corporation (CC) and Eerie Corporation (EC), both of which were eligible §1244 stocks. Section 1244 of the Internal Revenue Code is particularly important here, as it allows investors like Jack and Jill to claim an ordinary loss, instead of a capital loss, on the sale or exchange, or becoming worthless, of qualified small business stock.

Under §1244, a married couple filing jointly can deduct a loss on §1244 stock of up to $100,000 in any one year. The remaining $35,000 exceeding this limit is treated as a capital loss and, since there are no capital gains to offset this, it carries to the next year and can offset capital gains in that year or any subsequent years until depleted.

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Answer:

$54,000

Explanation:

Given that,

Inventory, January 1 = 11,100 units at $8.00 per unit

Purchases, June 18 = 9,500 units at  $8.40 per unit

Purchases, November 8 = 6,000 units at $9.00 per unit

Physical inventory on December 31 (units on hand) = 6,000

Under the FIFO method,

December 31 inventory:

= Physical inventory on hand × Cost per unit at November 8

= 6,000 × $9.00 per unit

= $54,000

Explanation:

The journal entries are as follows:

1. Petty cash A/c Dr $150

              To Cash A/c $150

(Being the establishment of petty cash is recorded)

2.

Entertainment expenses A/c Dr $70

Postage expense A/c Dr $30

Printing A/c Dr $22

                    To Petty cash A/c $122

(Being the reimbursement of petty cash fund is recorded)

Brooks Agency initially established a petty cash fund with a journal entry debiting Petty Cash and crediting Cash for $150. At the end of the period, the fund was reimbursed with entries debiting the respective expenditure categories (Entertainment, Postage, Printing for a total of $122) and crediting Cash for the same amount.

The question pertains to accounting journal entries relating to the establishment and replenishment of a petty cash fund. Let's answer this in two steps:

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Answer:

The correct answer is letter "A": Determining price for the products.

Explanation:

After the competitors and features of the product have been identified in a project the next step involves setting the price. A cost forecast must be made so investors can determine how much they can charge to obtain profits. That price will be also an average of the price rival entities have set so the product entry in the market can be smooth.

Bad Debt Expense: $944.55

Allowance for Doubtful Accounts Adjustment: $944.55

To solve this problem, we need to understand the various transactions involving sales, collections, and returns recorded by Sykes Company throughout the year. We will also need to account for discounts offered to customers for early payment and how this affects accounts receivable and sales revenue. Here is a step-by-step breakdown of each transaction:

January 1, Current Year Balances:

Transactions during Current Year:

A) Sold merchandise for cash:

B) Sold merchandise to R. Smith; invoice price $11,500:

C) Sold merchandise to K. Miller; invoice price $26,500:

D) R. Smith returned one unit:

E) Sold merchandise to B. Sears; invoice price $24,000:

F) R. Smith paid his account within the discount period:

G) Collected $98,000 cash from previous year sales within discount periods:

H) Miller paid invoice within the discount period:

I) Sold merchandise to R. Roy; invoice price $19,000:

J) K. Miller returned seven defective units and received a cash refund:

K) Collected $6,000 cash after discount period:

L) Wrote off an uncollectible account of $3,000:

Calculate Estimated Bad Debt Expense:

The final financial statement balances consider all transactions and necessary adjustments. This detailed breakdown covers all customer interactions and their influence on financial records.

Answer:

The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have

Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls

Explanation:

Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.

Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.

Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.

Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.

Answer:

360 Degree Feedback

Explanation:

360 Degree Feedback or appraisal is a strategy or procedure in which employees of an organization during appraisal receive confidential, anonymous feedback from the other staff who work with them. This generally comprises the employee's manager, peers, and direct reports. That is as the name implies it has to go round, top to bottom. A variety of about eight to twelve people are expected fill out the anonymous online feedback form that asks questions encompassing a vast spectrum of workplace competencies. The appraisal forms include questions that are assessed on a rating scale and also ask raters to submit written statements. The person receiving appraisal also fills out a self-rating survey that includes the same survey questions that others receive in their forms.

Answer:

(A) The number of shares to be used in computing diluted earnings per share for 2018 is 1,576,886 shares

Explanation:

Diluted Earning per share is calculated dividing Eaning or the year excluding preferred dividend by weighted average number of shares.

Weighted Average Number of Diluted Shares = ( 1,000,000 x 6/12 ) + ( 2,000,000 x 6/12 ) + [ (35-26 / 35) x 299,000 ) ]

Weighted Average Number of Diluted Shares = 500,000 + 1,000,000 + 76,886

Weighted Average Number of Diluted Shares = 1,576,886 shares  

Answer:

The journal entries for the given economic events are given below.

Explanation:

                        Account Title                                                  Dr              Cr

1.         Raw Materials Inventory                                      62,500

        Accounts Payable                                                          62,500

2.    Factory Labor                                             60,000

        Wages Payable                                           60,000

3.    Manufacturing Overhead                             70,000

        Cash                                                          40,000

       Accounts Payable                                          30,000

4.  Work in Process—Cutting                              15,700

 Work in Process—Assembly                       8,900

        Raw Materials Inventory                                   24,600

5.  Work in Process—Cutting                              33,000

 Work in Process—Assembly                      27,000

          Factory Labor                                                  60,000

6.  Work in Process—Cutting (1,680 X $18)      30,240

 Work in Process—Assembly (1,720 X $18)       30,960

         Manufacturing Overhead                            61,200

7.  Work in Process—Assembly                       67,600

  Work in Process—Cutting                                  67,600

8.  Finished Goods Inventory                               134,900

  Work in Process—Assembly                          134,900

9.   Cost of Goods Sold                                             150,000

   Finished Goods Inventory                                  150,000

        Accounts Receivable                                     200,000

 Sales Revenue                                                   200,000

Final answer:

To journalize the transactions for Schrager Company, you need to record each transaction in the appropriate journal. The transactions involve purchasing raw materials, incurring labor and overhead costs, requisitioning materials, using factory labor, applying overhead, transferring goods between departments, and selling goods. Each transaction has specific debits and credits that need to be recorded.

Explanation:

To journalize the transactions for Schrager Company, we need to record each transaction in the appropriate journal. The transactions are as follows:

Answer:

The correct answer is letter "C": permissions.

Explanation:

File permissions are set to give users certain privileges such as viewing, changing, navigating, and executing files in an operating system that belongs to a determined network. This is mostly used in the corporate world to prevent attacks to the firm's sensitive data and to minimize risks of malware.

File permissions can be different according to the hierarchy of the user within a company.

Answer:

2 year yield 4 years from now = [ ( 1 + 0.056)⁶ / ( 1 + 0.0745)⁴]^1/2 - 1

2 year yield 4 years from now = [ 1.3867 / 1.3329]^1/2 - 1

2 year yield 4 years from now = 1.019 - 1

2 year yield 4 years from now = 1.99%

Explanation:

Answer:

Account receivable credit balance is 67100 means customer has overpaid and company has liability to settle it.

Explanation:

a.) Dr Bank     2500,000

        Cr  Notes payable         2500,000

b.) Dr Snowplow      90000

          Cr  Cash              90000

c.) Dr Inventory   40000

            Cr Accounts payable    40000

d.) Dr Repair and maintenance expense 62000

           Cr   Cash                                                     62000

e.)1. Dr Account receivable   372000

           Cr   Sales revenue                        372000

   2. Dr Cash         372000

            Cr  Account receivable   372000

f.) Dr Account receivable  ( 750*450)  337500

              Cr Sales revenue                             337500

g.) Dr Cash          270000

           Cr Account receivable     270000

h.) Dr Cash    3200

           Cr     Advance rent    3200

I.) Dr Account payable  20000

         Cr Cash    (40000/2)              20000

j.) Dr Cash   400

          Cr Account receivable    400.

k.) Dr  Salary expense    258000

          Cr Cash                               258000

2.)                                       ACCOUNT RECEIVABLE

                              _______________________________                                

                               e.1)-372000          ---          e.2)  372000

                                f.- 337500           ----             g.  270000

                                                             ----                j.   400

                                                            ----- Balance 67100

                                    709500          ------       709500

Answer: In an increasing cost industry, input prices rises when the industry expands and produces more output.

Explanation:

An increasing-cost industry is an industry where the costs for production rises as more companies compete. Production cost is low when there are few players in the industry. However, when there are many newcomers, the demand for resources rises. Subsequently, the costs of the resources(inputs) will increase. This situation thereby creates an increasing-cost industry.

In an increasing-cost industry, input prices increase when the industry expands and produces more output. This is due to competition for resources against other industries and is not related to the returns to scale at the firm level.

In regards to an increasing-cost industry, the correct statement would be D. input prices increase when the industry expands and produces more output. This scenario happens when an entire industry expands output, it competes for resources against other industries, which can drive up the cost of input. For instance, if the coal industry expands rapidly, the demand for miners will increase, causing wages to rise. This increase is passed on to all firms in the industry, leading to increased costs. Simple, increasing-, constant-, and decreasing-returns to scale are in relation to output increase with proportional input increase in a firm level. However, they aren't directly associated with the nature of industry cost structure when an industry expands.

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Answer:

0 660000 loss

Explanation:

Data given in the question

Realized gain = $2,920,000

Operating losses, net of taxes = $3,580,000

By considering the above information, since there is no income arise from continuing operations so it should be zero

And, the discontinued operations, the operating losses is

= Operating losses - realized gain

= $3,580,000 - $2,920,000

= $660,000

Answer:

Production budget:

Projected sales= 64,000

Ending inventory= 7,000

Beginning inventory= (2,600)

Total= 68,400 units

Explanation:

Giving the following information:

Pasadena Candle Inc. projected sales of 64,000 candles for January. The estimated January 1 inventory is 2,600 units, and the desired January 31 inventory is 7,000 units.

Production budget= projected sales + ending inventory - beginning inventory

Production budget:

Projected sales= 64,000

Ending inventory= 7,000

Beginning inventory= (2,600)

Total= 68,400 units

Answer:

B. a firm installing faster or more reliable machinery or equipment.

Answer: E. all of the above.

Explanation: The examples listed in the options can all be seen as technological changes. A technological change is when a firm or organization is able to produce the same number of output using fewer inputs. It is the increase in the efficiency of a product or process that brings about an increase in output, without an increase in input. Rearranging the store's layout to improve sales is an increase in output; installation of faster or more reliable machinery or equipment would also increase output; a hurricane damaging firm facilities translates to the firm producing at normal capacity with fewer inputs (technological changes can also be negative). As such, the all of the above option is correct.

Answer:

The periodic return or total return is 20%.

Explanation:

A stock can provide return in two forms: Dividends and Capital Gains. So, a formula that is used to calculate stock return must incorporate these two factors. Following formula is used;

  Total Return = {(Selling Price - Purchase Price) + Dividends} / Purchase Price

This implies that Total Return =  {(1,100 - 1,000) + 100} / 1,000 = .2 * 100 = 20%.

Thank you.

Answer:

Promotion.

Explanation:

Promotion is defined as the various activities that are carried out in bringing information about a product to the consumer. Various means are used to promote a product including advertisement via radio, television, internet, or newspapers. Referral is also used to promote products, and word of mouth.

Promotion is one of the four Ps of the marketing mix.

Marketing mix used is unique to a particular bcustomer type, for example the internet is a better channel to promote products to college students than newspapers.

Marketing mix is made up of price, product, place, and promotion.

In preparing a marketing plan, Catherine Stevens should consider controllable variables like price, product, channels-of-distribution and most importantly, promotion. These variables, alongside understanding of the market structure and production costs, will guide her towards optimal marketing strategies.

Catherine Stevens is preparing a marketing plan for her company's next year's business activities. One of the first steps in creating this plan is understanding and examining the variables over which she has some influence. Price, product, and channels-of-distribution are all controllable variables, as well as an important one called promotion.

Variables like these can indeed impact a company's marketing strategies, as they relate directly to market structure and production costs. Production costs, both fixed and variable, are important as they play a role in determining the profit-maximizing quantity to produce and the price to charge. Furthermore, the understanding of the market structure and competition is crucial as it can further shape marketing strategies.

The production decisions, including the controllable variables, not only affect a firm's behavior but also its competitive standing in the market, its profits, and thereby its long-term survival and success.

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Answer:

Explanation:

In the case of salt,the supply is more elastic than the demand which implies that the salt sellers are relatively more responsive to salt price change in the market.Therefore,if any tax is imposed on them,it would basically translate into higher production cost for the sellers and due to price elasticity of supply,the sellers would pass the tax to the salt consumers who are comparatively less price sensitive.Now,since the consumer demand for salt is inelastic and the consumers are relatively price insensitive,the consumers won't perhaps mind paying a higher market price for salt including the extra tax.Hence,in this instance,the tax burden would fall on the salt buyers or consumers.

On the other hand,based on the same line of argument,the tax burden would fall on the sellers of caviars as the price elasticity of caviar supply is less than that of the caviar demand.In this case,the caviar sellers are less sensitive about changes in market price of caviars and thus,won't mind paying a relatively higher production cost/expense which is inclusive of the tax burden.Due to higher price elasticity of demand or price responsiveness,the cavier consumers would be reluctant to bear the tax burden and pass it onto the sellers.

Answer:

$60,000

Explanation:

The amount deductible for 2019 is the expense incurred on accrual basis bu Samantha. Since the cost of the subscription paid for was $120,000 for 2 years (January 2019 to December 2020).

It means that the expense for 2019

= 1/2 × $120,000

= $60,000

This represents her deduction for 2019.

Answer:

Superman

Explanation:

Options:

A. Negative

B. Positive

C. Extinction

D. Punishment

Answer:A. Negative

Explanation:Being Nervous is a situation where a person feels or behaves in such a way to that he or she is scared and afraid or a certain situation or at the presence of certain factors or persons, it can also be described as not being angry about a particular action or Activity such as the presentation in the presence of the board of directors.

JEFFREY'S ACTION OF BEING NERVOUS SHOWS THAT HE VIEWS THE PRESERVATION AS A NEGATIVE CONSEQUENCE.

Twinte Cars should adopt the more stringent six-year retention requirement to comply with both internal and international mandates. While there may be increased costs associated with longer retention periods, these may be offset by the potential cost of noncompliance.

Twinte Cars, faced with conflicting payroll document retention requirements, should adopt the more stringent requirement, which is the six-year retention period.

Following this, the California corporation would not only comply with its internal corporate requirements but also meet the stipulations of the international contract. It is imperative to remember the purpose of these regulations: to ensure that in the event of an audit or potential legal issue, the company can provide necessary documentation.

This does not necessarily mean it will become less cost-effective. Modern document storage solutions, especially digital ones, are increasingly affordable. However, the company should weigh the potential cost of non-compliance, such as legal issues or fines, against the expenses of a longer retention period.

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Answer:

Social Loafing.

Explanation:

Nikki, the design and development manager at Holden, recalls a team project done in college that failed because individual members of the team refused to take ownership and responsibility. This is a common problem of teams known as social loafing. Social loafing can be defined as the process when people put less efforts and energy while working in a group or team as compared to when they work alone. People feel that other people will be putting efforts, therefore, they should not put much efforts. Efficient managers need to eradicate this phenomenon with the help of proper communication of goals and objectives to every member of the team. They should convey it to the every member that everyone's contribution will make this project effective and successful.

Answer: 2 years

Explanation:

The payback period is the amount of time that is needed for the required cash inflow of a project to offset the initial cash outflow that the business offsets. The payback period is when the initial outlay of an investment is recovered. There are two different methods used to calculate payback period. We have the average method and the subtraction method.

In the above question, the payback period is solved as follows:

Labour cost decreases by 10% for each unit.

Therefore,

= $10 × 10%

= $10 × 0.1

= $1 per unit.

In order to recover $2000, the business needs to sell the following;

= 2000/1

= 2000units.

If Eric sells 1000 units per year of Emu, it will take:

2000/1000= 2years

In conclusion, the payback period of the investment is 2 years.

In order to select the best alternative between A and B using rate of return analysis, we need to calculate the equivalent annual worth (AW) for each alternative. The option with the highest AW and greater than the MARR (Minimum Attractive Rate of Return which is 15% in this case) should be selected.

The subject question involves an engineering economic analysis known as Rate of Return Analysis. In this analysis, an equivalent annual worth (AW) is calculated for each alternative. The choice should be based on the one with the maximum AW, assuming that it is greater than the MARR (Minimum Attractive Rate of Return).

Net Cash Flow = Annual Benefits - O & M cost, need to calculate this for both alternatives for each year. The NPW (Net Present Worth) for each alternative is calculated by subtracting the initial investment from the present worth of the net benefits over the 10 year lifespan, plus the present worth of salvage value, all discounted to present using a 15% rate. Finally, the equivalent AW for each case is obtained by multiplying the NPW by the capital recovery factor.

Whichever alternative get a higher AW and if greater than MARR, it would be the ideal choice. Without numerical values, a definitive answer can't be provided between alternatives A and B.

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Answer:

Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 10 hours per week. At $65 per hour, she is willing to work 19 hours per week.

Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.37 , which means that Hilary’s supply of labor over this wage range is elastic.

Explanation:

Midpoint elasticity = (Change in labor supplied / Average labor supplied) / (Change in wage rate / Average wage rate)

= [(19 - 10) / (19 + 10) / 2] / [$(65 - 50) / $(65 + 50) / 2]

= [9 / (29 / 2)] / [15 / (115 / 2)]

= (9 / 14.5) / (15 / 57.5)

= 0.62/0.26

Midpoint elasticity = 2.37

Once elasticity is greater than 1, supply of labor is Elastic.

Final answer:

Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.38, which means that Hilary’s supply of labor over this wage range is elastic.

Explanation:

The elasticity of Hilary’s labor supply can be calculated using the midpoint method. The formula for the elasticity of labor supply is:

Elasticity = (change in quantity supplied / average quantity supplied) / (change in wage / average wage)

Using Hilary's information, we know that:

So the elasticity will be calculated as follows:

Elasticity = ((19 - 10) / (19 + 10)/2) / (($65 - $50) / ($65 + $50)/2)

= (9 / 14.5) / (15 / 57.5)

= 0.6207 / 0.2609

= 2.38

This means that Hilary’s supply of labor over this wage range is elastic, as the elasticity of labor supply is greater than 1.

Answer:

On average, there are 51.77 days, a unit of inventory sit on the shelf before it is sold.

Explanation:

Super Amazona has ending inventory of $200,000, and cost of goods sold for the year just ended was $1,410,000.

Inventory turnover ratio = Cost of Goods Sold/Inventory = $1,410,000/$200,000 = 7.05 times

The number of days a unit of inventory sit on the shelf before it is sold = 365/Inventory turnover ratio = 365/7.05 = 51.77 days