Compute the Cost of Goods Manufactured and Cost of Goods Sold for South Marine Company for the most recent year using the amounts described next. Assume that Raw Materials Inventory contains only direct materials.

Answers

Answer 1

Answer:

The question is missing the figures required to compute of goods manufactured and costs of goods sold

I have the details missing in the excel file attached.

Costs of goods manufactured=$232000

Costs of goods sold=$224,000

Explanation:

Find the detailed calculations in the attached.


Related Questions

Analyze the benefits and the problems posed by the four approaches to the implementation of resource management policies: control theory, machine learning, utility-based, and market-oriented

Answers

Answer:

Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.

1. Control theory:

Benefit- it can analyse linear and non linear systems, single or multiple systems.

Problem- It is complex and requires multiple computations

2. Machine learning Theory:

Benefit- It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks

Problem- It requires a complex to understand and need trained professional to operate it.

3. Utility-based method:

Benefit - It gives urgency to tasks, it gives users better satisfaction.

Problem- the tasks needs to be carried out continuously

4. Market-oriented method:

Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.

Problem- requires a professional.

The benefit of control theory is that it can analyze linear and non-linear systems, single or multiple systems while the problem is that it is complex and requires multiple computations.

The benefit of machine learning theory is that it performs routine and non-routine tasks and the problem is that it is complex to understand.

For the utility-based method, the benefit is that it gives urgency to tasks and gives users better satisfaction while the problem is that the tasks need to be carried out continuously.

In conclusion, the benefit of the market-oriented method is it leads to an increased organizational performance while the disadvantage is that it requires an professional to handle it.

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Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon ______________. This would push the price __________ the equilibrium price.
a. greater; fall; toward
b. greater; rise; toward
c. less; fall; toward
d. less; rise; away from
e. greater; rise; away from

Answers

The answer is (b) Greater,Rise ,toward

Explanation:

Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is  Greater than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon Rise .This would push the price Toward the equilibrium price

The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).

Also an increase in the number of buyers  of a particular product leads to a shift in the demand curve towards the right side

Final answer:

If the quantity demanded of good X is greater than the quantity supplied at a price of $16, this indicates a market shortage. Economists would then predict a rise in price to move toward the equilibrium, making the correct option 'b. greater; rise; toward'.

Explanation:

In the context of supply and demand, if at a price of $16, the quantity demanded for good X is greater than the quantity supplied, it indicates there's a shortage in the market. In such a situation, economists would predict that the price of good X would rise. This action will bring the price toward the equilibrium price, which is where the quantity supplied equals the quantity demanded. Therefore, the correct option is b. greater; rise; toward.

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Indicate whether each of the following types of transactions will either (a) increase stockholders' equity or (b) decrease stockholders' equity: 1. Issued common stock in exchange for cash. 2. Received cash for services performed for customers. 3. Paid business expenses. 4. Paid dividends

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Answer:

Following would be the journal entries and their effect on stockholders equity

1. Issued common stock for cash

Cash A/C                                  Dr.

    To Common Stock

This transaction would increase stockholder's equity as common stock would increase.

2. Received cash for services provided

   Cash A/C                              Dr.

       To Service Revenue

(being cash received against services provided)

  This transaction would increase stockholder's equity as net income would increase

3. Paid business expenses

   Expenses   A/C                            Dr.

       To Cash A/C

(Being expenses paid recorded)

This would reduce stockholder's equity as net income would reduce.

4. Paid Dividends

  Retained Earnings                       Dr.

       To Dividend Payable A/C

(Being declaration of dividend recorded)    

   Dividend Payable A/C                 Dr.

        To Cash A/C

(Being dividends paid recorded)

This would reduce stockholder's equity as reserves and surplus would reduce.

Final answer:

Issuing common stock for cash and providing services for cash increases stockholders' equity, while paying business expenses and dividends decreases it.

Explanation:

The impact of the following transactions on stockholders' equity are:

Issued common stock in exchange for cash: This will increase stockholders' equity as the company is receiving additional funds from stockholders.Received cash for services performed for customers: This will increase stockholders' equity as company's profits increase through the provision of services for clients, which adds to retained earnings, a component of stockholders' equity.Paid business expenses: This will decrease stockholders' equity as expenses are deducted from the company's earnings, reducing its retained earnings and therefore, the stockholders' equity.Paid dividends: This will decrease stockholders' equity. Dividends are distributed from retained earnings, reducing the amount of profits that are still held by the company, consequently declining the stockholders' equity.

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Calculate the present values for the perpetuity: (1) Annual amount $20000, discount rate 8% (2) Annual amount $10000, discount rate 10% . A. $100000, $ 250000 B. $ 2500000, $1000000 C. $250000, $100000 D. $20000, $100000

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Answer:

Present value calculator calculates the PV of a single amount. ... of illustration, you would rather receive $10,000 today rather than wait a year. ... This rate-of-return calculator solves for the ROR for one invested amount. ... Enter the calculated present value, the discount rate as the annual interest rate ... advertisement 2 short.

Explanation:

Compute conversion costs given the following data: direct materials, $381,400; direct labor, $196,500; factory overhead, $194,000 and selling expenses, $41,200. a.$575,400 b.$771,900 c.$390,500 d.$152,800

Answers

Answer:

Conversion costs: c.$390,500

Explanation:

Conversion costs are those production costs required to convert raw material to finished goods. Conversion costs include direct labor and manufacturing overheads costs.

Conversion Costs = Direct Labor cost + Manufacturing Overheads cost= Total Manufacturing Costs – Direct Material cost

With direct labor cost of $196,500; factory overhead cost of $194,000.

Conversion Costs = $196,500 + $194,000 = $390,500

Final answer:

Conversion costs are the sum of direct labor and factory overhead. For the provided data, direct labor is $196,500, and factory overhead is $194,000, so the total conversion cost is $390,500.

Explanation:

Conversion costs are calculated as the sum of direct labor and factory overhead costs. Given the data: direct materials at $381,400, direct labor at $196,500, factory overhead at $194,000, and selling expenses at $41,200, we need to compute the total of direct labor and factory overhead.

The calculation would be as follows:

Direct Labor: $196,500Factory Overhead: $194,000

Adding these two components will give us the conversion cost:

Conversion Costs = Direct Labor ($196,500) + Factory Overhead ($194,000) = $390,500.

Therefore, the correct option is c. $390,500.

When a firm has moved beyond a production or selling orientation and attempts to discover and satisfy its customers' needs and wants, the firm is ______.

Answers

Answer:

The correct answer is: market oriented.

Explanation:

Market-oriented institutions are those that pursue the satisfaction of consumers more than reaching a profit goal for the company. This position is also taken by companies when the firm is looking for expansion through the implementation of new products or services. Every piece of information provided by consumers are considered vital in this stage.

"A tenant offers to sign a lease paying a rent of $1,000 per month, in advance (i.e., the rent will be paid at the beginning of each month), for five years. At 10% nominal annual interest compounded monthly, what is the present value of this lease

Answers

Answer:

$47,500

Explanation:

Since the payment is made monthly in advance for the period of 5 years, therefore the present value of annuity formula shall be used for the purpose of calculating the Present value of lease, which is given as follow:

Present value of annuity=R+R[(1-(1+i)^-n)/i]

In the given question

R=Rent per month paid in advance=$1,000

i=interest compounded monthly=10%/12=0.83%

n=number of payments involved=(12*5)-1=59

Present value of annuity=1,000+1,000[(1-(1+0.83%)^-59)/0.83%]

                                        =$47,500

In 2019, Wesley has a fairly simple tax situation with moderate wage income and a modest amount of interest income. Wesley, age 45, wishes to use the easiest possible tax form. He may file his tax or not?

Answers

He may file Form 1040.

Explanation:

Form 1040 is the IRS standard form which is used by individual taxpayers to file their annual tax reports.

Form 1040 is the IRS tax form used mostly for personal tax returns submitted by US citizens by the federal government. Form 1040 is a form. The method estimates the taxpayer's gross taxable income and specifies how much the government has to pay or repay.

Who can file? If a person passes the Substantial Appearance Test or the Green Card Test, but some cases exist; people who have a taxable earnings in the US, but refuse to meet the obligation to be resident aliens, must register for taxation purposes for non-resident aliens.

Final answer:

Wesley, having a moderate income and a straightforward tax situation, can use the simplest tax form, 1040EZ. However, whether he should file a tax return depends on other specifics of his financial situation.

Explanation:

In the United States, every individual with earned income is required by law to file a tax return. In 2019, Wesley, with moderate wage income and a modest amount of interest income, can utilize the simplest form known as the 1040EZ. This form is designed for taxpayers with straightforward tax situations and is generally used by single or married individuals who do not have dependents, and whose income is less than $100,000. However, the final decision whether to file the tax or not must take into account many other specific details of Wesley's financial picture, such as whether taxes have already been deducted from his paycheck or whether he qualifies for any deductions or credits.

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One of the limitations of aggregate accounting is that:A. it includes market transactions that should be excluded.B. it doesn't take depreciation into account.C. it measures market activity, not social welfare.D. there isn‘t enough data available in most developed countries to havenational income accounts.

Answers

Answer:

The correct answer is C

Explanation:

Aggregate accounting is the procedure in which the data from all of the households as well as individuals accounts of the production are gathered in one place.

In short, it is described as the way or method of measuring or evaluating the sum or the total of the production. The limitation of this method is that it only measures or determine the activity of the market not the social welfare.

The date on which cash dividends are paid is the a.last day of the fiscal year-end. b.date of record. c.date of declaration. d.date of payment.

Answers

Answer:

d.date of payment

Explanation:

At the time of recording the dividend, the dividend should be recorded based on the different dates that involve date of declaration, the date of record, and the date of payment.

The date of declaration is the date at which the dividend is declared

The date of record is the date at which the dividend is recorded

And, the date of payment is the date at which the cash dividends are paid

1. How is Unilever applying its understanding of internal consumer processes in the psychological core to market its products?

Answers

Answer:

Unilever is applying its understanding of internal consumer processes by using several points of the psychological core to market its product in order to create valuefrom customers in return. ... It creates a relationship between the customer and the brand.

Explanation:

Unilever knows that throughout the purchase, usage, as well as discarding of goods, customers must follow numerous essential sociological phenomena. A further solution is given below.

The firm does a marketing strategy to address key features aimed at a specific demographic of the individual item.Unilever takes the millions of consumers across all cognitive states from awareness-building to changing attitudes to attract clients and retain existing subscribers for numerous items which including Lifebuoy soap.

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What type of contract is an agreement that does not meet the tests for validity, and therefore is no contract at all?

Answers

Answer:

Correct Answer is Irrelevant contracts

Explanation:

Unenforceable contracts become inapplicable by law due to some technical aspects. The contract cannot be executed against either party.

For example, A agrees to sell 100kgs of rice for B for 10,000 / -. But there was a great flood in the states and all rice crops were destroyed. Now, this contract cannot be enforced and cannot be enforced against any of the parties.

Final answer:

A void contract is an agreement that does not meet the tests for validity, making it completely invalid as a contract.

Explanation:

An agreement that does not meet the tests for validity and is not considered a contract at all is called a void contract.

A void contract is one that is null and invalid from the beginning, meaning it lacks the essential elements required for a valid contract. This may include situations where the agreement is illegal, against public policy, or involves parties lacking the legal capacity to enter into a contract.

For example, if two minors enter into a contract, it would be considered void because minors generally do not have the legal capacity to enter into binding contracts.

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Izzy Ice Cream has the following price and cost information: Price per 2-scoop sundae $ 5.00 Variable cost per sundae: Ingredients 1.35 Direct labor 0.45 Overhead 0.20 Fixed cost per month $ 5,100 Required: 1. Determine Izzy’s break-even point in units and sales dollars. 2. Determine how many sundaes must be sold to generate a profit of $10,200. 3. Calculate Izzy’s new break-even point for each of the following independent scenarios: a. Sales price decreases by $0.50. b. Fixed costs decrease by $300 per month. c. Variable costs increase by $0.50 per sundae. 4. Based on the original information, how many sundaes must Izzy sell to generate a profit of $24,000, if sales price increases by $0.50 and variable costs increase by $0.30?

Answers

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Price per 2-scoop sundae $ 5.00

Variable cost per sundae:

Ingredients 1.35

Direct labor 0.45

Overhead 0.20

Total variable cost= $2

Fixed cost per month $ 5,100

1. Determine Izzy’s break-even point in units and sales dollars.

Break-even point (units)= fixed costs/ contribution margin

Break-even point (units)= 5,100/ (5 - 2)= 1,700 units

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 5,100/ (3/5)=$8,500

2. Determine how many sundaes must be sold to generate a profit of $10,200.

Break-even point (units)= (fixed costs + profit)/ contribution margin

Break-even point (units)= (5,100+ 10,200) / 3= 5,100 units

3. a. Sales price decreases by $0.50.

Break-even point (units)= 5,100/ (4.5 - 2)= 2,040 units

b. Fixed costs decrease by $300 per month.

Break-even point (units)= 4,800/3= 1,600 units

c. Variable costs increase by $0.50 per sundae.

Break-even point (units)= 5,100/ (5 - 2.5)=2,040 units

4. How many sundaes must Izzy sell to generate a profit of $24,000, if sales price increases by $0.50 and variable costs increase by $0.30

Break-even point (units)= (5,100 + 24,000) / (5.5 - 2.3)= 9,094 units

Final answer:

To determine Izzy Ice Cream's break-even point in units and sales dollars, divide the fixed costs by the contribution margin per unit. To generate a profit of $10,200, divide the profit target by the contribution margin per unit and add the fixed costs.

Explanation:

In order to determine Izzy Ice Cream's break-even point in units and sales dollars, you need to calculate the contribution margin per unit. The contribution margin is the difference between the price per sundae and the variable cost per sundae. The break-even point in units can be calculated by dividing the fixed costs by the contribution margin per unit. The break-even point in sales dollars can be calculated by multiplying the break-even point in units by the price per sundae.

Break-even point in units: $5,100 / ($5.00 - $1.35 - $0.45 - $0.20) = 1,500 units Break-even point in sales dollars: 1,500 units * $5.00 = $7,500

To determine how many sundaes must be sold to generate a profit of $10,200, you need to consider the contribution margin per unit and the fixed costs. The profit target can be divided by the contribution margin per unit, and the fixed costs should be added to this value. This will give the total number of units that need to be sold.

Contribution margin per unit: $5.00 - $1.35 - $0.45 - $0.20 = $2.00 Total units that need to be sold: ($10,200 + $5,100) / $2.00 = 7,650 units

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Regional Products, Inc. agrees to sell to Quantity Dealers Corporation a certain amount of goods. The contract does not specify where the goods are to be delivered. In general, the UCC requires that the delivery take place at__________

Answers

Answer:

Regional Products

Explanation:

According to the UCC where place of delivery is not specified in a transaction, the place of delivery of the goods will be at the seller's place of business.

This will help with inspection, where the buyer has an opportunity to inspect the goods and either accept or reject before transportation cost is incurred.

You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $1,200,000, inventory = $2,100,000, accrued wages and taxes = $500,000, accounts payable = $800,000, and notes payable = $600,000.

Answers

Answer:

$1,800,000

Explanation:

The computation of the net working capital is shown below:

Net working capital = Current assets - current liabilities

where,

Current assets = Cash and marketable securities + Accounts receivable + Inventory

= $400,000 + $1,200,000 + $2,100,000

= $3,700,000

And, the current liabilities = accrued wages and taxes + Account payable + notes payable

= $500,000 + $800,000 + $600,000

= $1,900,000

So, the net working capital is

= $3,700,000 - $1,900,000

= $1,800,000

The question asks for an analysis of Goodman's Bees Corporation's balance sheet and includes a scenario that calculates a bank's net worth using a T-account balance sheet.

The question regarding Goodman's Bees Corporation involves analyzing a balance sheet, which is a fundamental concept in accounting and finance. A balance sheet displays a company's financial position at a specific point in time, showing its assets, liabilities, and net worth. In preparing a balance sheet, assets like cash, marketable securities, accounts receivable, and inventory are matched against liabilities such as accrued wages, taxes, accounts payable, and notes payable. The difference between the total assets and liabilities represents the company's net worth or equity.


To better understand the impact of liabilities like accounts payable on a cash flow statement, we can refer to the example of Treehouse's increase in accounts payable, which is an accounting practice that effectively represents a 'cash inflow' from operations because it preserves cash for other uses within the business. When analyzing a company's financial statements, the annual report provides essential details, often supplemented with notes that elaborate on the balance sheet items. As for the given T-account scenario for a bank, the calculation of the bank's net worth would involve setting up the balance sheet with the given reserves, government bonds, loans, and deposits.

In order to build a new warehouse facility, the regional distributor for Valco Multi-position Valves borrowed $1.6 million at 10% per year interest. If the company repaid the loan in a lump sum amount after 2 years, what was (a) the amount of the payment, and (b) the amount of interest

Answers

Answer:

It will return 1,936,000 dollars

from which 336,000 will be interest

Explanation:

We solve using the future value of a lump sum:

[tex]Principal \: (1+ r)^{time} = Future \: Value[/tex]

Principal 1,600,000.00

time 2.00

rate 0.10000

[tex]1600000 \: (1+ 0.1)^{2} = Amount[/tex]

Amount 1,936,000.00

We calculate interst by the different os the amount borrow and the amount returned:

1,936,000 - 1,600,000 = 336,000

High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.

Answers

Answer:

d. the use of unskilled labor.

Explanation:

Value added per employee is how you use your workforce to make value for your product of business. Price  at which you sell the product and the cost before charging overheads. Efficient employee can add more value t your product than an inefficient employees. Efficient employee will take less time and reduce the wastage, ultimate reduce your cost and increase the margin of that product.

Mario won the lottery and is receiving payments of $1,521,875 a year for the next 19 years. However, he has decided to sell this income stream and has been offered $9,968,843 for the remaining lottery payments. What is the discount rate used by the potential buyer?

Answers

The discount rate used by the potential buyer is approximately 7.5%, as it yields a present value close to the offered price of $9,968,843.

To find the discount rate used by the potential buyer, we can use the present value formula for an annuity:

[tex]\[ PV = Pmt \times \frac{{1 - (1 + r)^{-n}}}{{r}} \][/tex]

Where:

- [tex]\( PV \)[/tex] is the present value of the annuity (the offer price, $9,968,843),

-[tex]\( Pmt \)[/tex]is the annual payment received by Mario ($1,521,875),

- [tex]\( r \)[/tex] is the discount rate (the rate used by the buyer),

- [tex]\( n \)[/tex] is the number of years remaining in the annuity (19 years).

Substituting the given values into the formula:

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - (1 + r)^{-19}}}{{r}} \][/tex]

To find [tex]\( r \)[/tex], we can use trial and error or numerical methods like the Newton-Raphson method. In this case, I'll use trial and error to find an approximate solution:

Let's start by assuming a discount rate of 5%:

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - (1 + 0.05)^{-19}}}{{0.05}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - (1.05)^{-19}}}{{0.05}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - 0.37689}}{{0.05}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{0.62311}}{{0.05}} \][/tex]

[tex]\[ 9,968,843 \approx 18,381,895 \][/tex]

The result is significantly greater than $9,968,843, indicating that the assumed discount rate of 5% is too low. Let's try a higher rate:

Let's try a discount rate of 10%:

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - (1 + 0.10)^{-19}}}{{0.10}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - (1.10)^{-19}}}{{0.10}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - 0.02830}}{{0.10}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{0.97170}}{{0.10}} \][/tex]

[tex]\[ 9,968,843 \approx 14,660,976 \][/tex]

The result is still lower than $9,968,843, indicating that the assumed discount rate of 10% is too high. Let's try an intermediate rate:

Let's try a discount rate of 7.5%:

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - (1 + 0.075)^{-19}}}{{0.075}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - (1.075)^{-19}}}{{0.075}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{1 - 0.31863}}{{0.075}} \][/tex]

[tex]\[ 9,968,843 = 1,521,875 \times \frac{{0.68137}}{{0.075}} \][/tex]

[tex]\[ 9,968,843 \approx 9,968,843 \][/tex]

The result is approximately $9,968,843, indicating that the assumed discount rate of 7.5% is close to the actual discount rate used by the potential buyer.

So, the discount rate used by the potential buyer is approximately 7.5%.

Madison Seniors Care Center is a nonprofit organization that provides a variety of health services to the elderly. The center is organized into a number of departments, one of which is the Meals-On-Wheels program that delivers hot meals to seniors in their homes on a daily basis. A number of costs of the center and the Meals-On-Wheels program are listed below. For each cost listed below, indicate whether it is a direct or indirect cost of the Meals-On-Wheels program, whether it is a direct or indirect cost of particular seniors served by the program, and whether it is variable or fixed with respect to the number of seniors served.

The cost of groceries used in meal preparation
The cost of leasing the Meals-On-Wheels van
The cost of incidental supplies such as salt, pepper, napkins, and so on
The cost of gasoline consumed by the Meals-On-Wheels van
The rent on the facility that houses Madison Seniors Care Center, including the Meals-On-Wheels program
The salary of the part-time manager of the Meals-On-Wheels program
Depreciation on the kitchen equipment used in the Meals-On-Wheels program
The hourly wages of the caregiver who drives the van and delivers the meals
The costs of complying with health safety regulations in the kitchen
The costs of mailing letters soliciting donations to the Meals-On-Wheels program

Answers

Answer:

1. Direct cost of the Meals-On-Wheels program and particular seniors served by the program. It is variable cost.

2. Direct cost Meals-On-Wheels program and Indirect cost for particular seniors served by the program. It is Fixed cost.

3. Direct cost of Meals-On-Wheels and particular seniors served by the program. It is Variable cost.

4. Direct cost of the Meals-On-Wheels program and Indirect for particular seniors served by the program. Its a Variable cost.

5. Indirect cost of Meals-On-Wheels and Direct for particular seniors served by the program. It is a Fixed cost.

6. Indirect cost of the Meals-On-Wheels program and particular seniors served by the program. Its a Fixed cost.

7. Indirect cost of the Meals-On-Wheels program and particular seniors served by the program. Its a Fixed cost.

8. Direct cost of Meal-On-Wheels and particular seniors served by the program. It is Variable cost.

9. Direct cost of the Meals-On-Wheels program and Indirect for particular seniors served by the program. Its a Fixed cost.

10. Direct cost of the Meals-On-Wheels program and Indirect for particular seniors served by the program. Its a Variable cost.

Explanation:

The direct cost related to Meals-On-Wheels is the cost that is directly associated with this program. If the cost changes due to number of unit’s production than it is considered as Variable cost. If the Cost is not affected by the unit’s production then it is called as fixed cost.

The Indirect cost is one which is not associated directly with the project but are incurred as the overheads. Indirect costs are sometimes difficult to assign to a particular project. It is also Variable or Fixed.  

Here also the cost that is directly related and is changing due to number of units then it is Direct Variable cost. If it is not affected by number of units then it is fixed cost.

Final answer:

Costs associated with the Meals-On-Wheels program at Madison Seniors Care Center are categorized as direct or indirect and variable or fixed. Direct costs include groceries, leasing the van, incidental supplies, gasoline, manager's salary, and hourly wages of the caregiver. Indirect costs are rent, health safety compliance, and donation solicitation expenses.

Explanation:

The identification of costs as direct or indirect, and as variable or fixed with respect to the number of seniors served by the Meals-On-Wheels program at Madison Seniors Care Center, is important in determining how these costs are allocated and affect the program's budget.

The cost of groceries used in meal preparation is a direct variable cost, as it varies with the number of seniors served.

The cost of leasing the Meals-On-Wheels van is a direct fixed cost, as it remains constant regardless of the number of seniors served.

The cost of incidental supplies is a direct variable cost, varying with the number of meals prepared.

The cost of gasoline consumed by the van is a direct variable cost, as it fluctuates with the number of deliveries made.

The rent on the facility housing the center, including Meals-On-Wheels, is an indirect fixed cost, as it does not directly relate to the individual service and does not vary with the number of seniors served.

The salary of the part-time manager is a direct fixed cost as it pertains directly to the program and does not vary with the number of seniors.

Depreciation on the kitchen equipment is a direct fixed cost, as this expense is related to a long-term asset used for the program and does not vary over the short term.

The hourly wages of the caregiver who drives the van and delivers the meals are direct variable costs, as wages will increase with more service hours directly tied to the number of seniors served.

The costs of complying with health safety regulations in the kitchen are indirect fixed costs, as these are necessary for operations but are not impacted by the number of seniors served.

The costs of mailing letters soliciting donations are indirect variable costs, potentially varying with the scope and frequency of mailings.

In a small manufacturing facility, one welder is needed for every 200 hours of machine-hours or fewer in a month. The welder is paid a monthly salary of $2,500. If the total monthly requirement is 1,300 machine-hours, the total salaried employee expense is ________.

A. $12,500
B. $16,250
C. $17,500
D. $15,000

Answers

Answer:

C. $17,500

Explanation:

1,300 / 200 = 6.5

we are going to hire between 6 and 7 welder as we are given the requirement "for every 200 hours or fewer in a month" we should round above and not below: 7 welder. Besides, we cannot hire "half" or "quarter" of an employee therefore we have to move between integer solutions.

Final answer:

Given 1,300 machine-hours and the fact that one welder is needed for each 200 machine-hours, there is a need for 7 welders. Since each welder earns $2,500 monthly, the total salaried employee expense amounts to $17,500.

Explanation:

To calculate the total salaried employee expense in this scenario, we first have to determine the number of welders required. Since one welder is needed for each 200 machine-hours, and the total requirement is 1,300 machine-hours, we can divide 1,300 by 200 to find out the number of welders needed, which equals to 6.5. However, we can't have half a welder, so we need to round up to the nearest whole number, which is 7. Each welder is paid a salary of $2,500 per month, so to find the total salary expense, we multiply 7 by $2,500, which equals $17,500. Thus, the total salaried employee expense is $17,500.

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A city engineer knows that she will need 25 million in 3 years to replace toll booths on a toll road in the city. Traffic on the road is estimated to be 20 million vehicles per year. How much per vehicle should the toll be to cover the cost of the toll booth replacement project? Interest is 10%. (Simplify your analysis by assuming that the toll receipts at the end of each year in a lump sum.)

Answers

Answer:

0.50 per vehicle

Explanation:

Given:

Number of years = 3

Number of vehicles per year = 20 million

Amount required = 25 million

Interest rate = 10% = 0.10

Therefore,

Cost of borrowing = Amount required × Interest rate

                               = 25 million × 0.1

                               = 2.5 million

Total Toll Booths Replacement Cost =  Amount required + Cost of borrowing

                                                             = 25 million + 2.5 million

                                                             = 27.5 million.

Amount to Charge Per Year = Total Toll Booths Replacement Cost ÷ Number of Years

Lump Sum Amount to Charge Per Year = 27.5 million ÷ 3

                                                                  = 9.17 million

Yearly toll per vehicle = Lump Sum Amount to Charge Per Year ÷ Number of Vehicles per year

Yearly toll per vehicle = 9.17 million ÷ 20 million

                                     = 0.46 approximately 0.50

Therefore, the toll should be 0.50 per vehicle.

I wish you the best.

Final answer:

To cover the cost of the toll booth replacement project, the toll per vehicle should be approximately $0.9385.

Explanation:

To calculate the toll per vehicle, we need to find the present value of the future cost of replacing the toll booths. Using the formula for present value, we can calculate the amount.

PV = FV / (1 + r)^n

Where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years. Plugging in the values, we have:

PV = 25 million / (1 + 0.10)^3

PV = 25 million / 1.331

PV ≈ 18.77 million

Now, we divide the present value by the estimated number of vehicles per year to find the toll per vehicle:

Toll per vehicle ≈ 18.77 million / 20 million

Toll per vehicle ≈ $0.9385

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7.Research on neurotransmitters indicates that:A)a single synapse generally uses several dozen neurotransmitters.B)neurotransmitters can inhibit neural impulse transmission.C)less than a dozen neurotransmitters are involved in all neural transmission.D)the release of endorphins causes paralysis of the muscles.

Answers

Answer:

Option A

Explanation: Research on neurotransmitters indicates that a single synapse generally uses several dozen neurotransmitters

Q1. What data do you think might exist to show that a vendor is related to an employee? Which attributes would you focus on? Q2. How might you attempt to detect these connections between vendors and employees? Q3. If you were the employee committing fraud, what would you try to do with the data to evade detection? Q4. How many vendors have similar addresses to employees? Q5. What do you notice about the street vendor and employee street addresses? Q6. Are there any false positives (fuzzy matches that aren’t really matches)? Required: Submit all answers to the questions in a properly formatted Word document. Submit one Excel file with the tabs for each of the parts.

Answers

Final answer:

To detect connections between vendors and employees and identify potential fraud, data analysis is required, focusing on attributes such as shared addresses and phone numbers. False positives can occur in fuzzy matches, and evading detection for an employee committing fraud may involve altering transaction records or creating false vendors.

Explanation:

Q1. To show that a vendor is related to an employee, data such as shared addresses, phone numbers, or bank accounts can be analyzed. Attributes to focus on include matching addresses, matching phone numbers, or transactions between the vendor and employee.

Q2. Connections between vendors and employees can be detected by analyzing transactional data, conducting data matching algorithms, or using network analysis techniques.

Q3. If an employee were committing fraud, they may try to evade detection by altering transaction records, creating false vendors, or colluding with other employees to manipulate data.

Q4. To determine the number of vendors with similar addresses to employees, an analysis should be carried out by comparing addresses and identifying matches.

Q5. Street vendor and employee street addresses should be compared for similarities or matches to identify any potential connections or relationships between the two.

Q6. False positives, or fuzzy matches that aren't really matches, could occur if there are common addresses or phone numbers in a certain region or if there are errors in the data being analyzed.

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Zappos employees are "driven" to participate in charitable activities and feel that giving back to the community is something that they "must do." This demonstrates what about Zappos employees?

a.Zappos employees follow the specifc Zappos code of ethics.

b.Zappos employees have morals that match Zappos values and norms.

c.Zappos employees operate at the preconventional level of morality.

d.Zappos employees focus on the ethical responsibilities of their jobs.

Answers

"Zappos employees have morals that match Zappos values and norms" this demonstrates about Zappos employees.

Answer: Option B

Explanation:

In case a company's employees prefer performing charitable activities and feel that engaging with their local community is a duty, the circumstance means that those employees have a strong sense of social responsibility and moral values.

Each business appears to have a code of ethics detailing the expected actions that the company expects from workers inside the corporation, but organizations also have targets on civic responsibility to limit the impact of their activities on community and enhance it if necessary.

On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions):
Total assets $14,329.5
Total stockholders' equity 5,890.7
Total current liabilities 4,546.9
1. What did Starbucks report as total liabilities on October 2, 2016?

Answers

Answer:

The total liabilities of the Starbucks on October 2, 2016 will be $12,985.7

Explanation:

The total liabilities will be computed using the accounting equation, which is as:

Accounting Equation

Assets = Liabilities + Shareholders Equity

Assets = (Current liabilities + Long term liabilities) + Shareholders Equity

Putting the values here in the accounting equation:

$14,329.5 = Liabilities + $5,890.7

Liabilities = $14,329.5 - $5,890.7

= $8,438.8

So, the total liabilities will be:

Total liabilities = Liabilities (long term) + Current  liabilities

= $8,438.8 + $4,546.9

= $12,985.7

Many businesses/organizations have performance problems that can be reevaluated to improve performance. Explain Research Problem and Problem Statement.

Answers

Answer and explanation:

The research problem refers to the lack of information over a certain topic that pushes individuals to make studies to obtain more data regarding that particular subject. The research problem represents the purpose of why the study is being conducted and aims to provide enough input so the problem can be dealt with.

After the research problem has gathered enough data that allows an understanding of a matter of study, a problem statement is formulated. It is an objective description of where the organization is and where it wants to be after the problem has been resolved.

It is a fact that the federal government (1) encouraged the development of the savings and loan industry, (2) virtually forced the industry to make long-term fixed-interest-rate mortgages, and (3) forced the savings and loans to obtain most of their capital as deposits that were withdrawable on demand. a. Would the savings and loans have higher profits in a world with a "normal" or an inverted yield curve? Explain your answer. b. Would the savings and loan industry be better off if the individual institutions sold their mortgages to federal agencies and then collected servicing fees or if the institutions held the mortgages that they originated?

Answers

Answer:

A) yes they would have a higher income

B) depending on the situation

Explanation:

A) With such a "standard" yield curve, Savings & Loans will have a greater net income. In such a scenario, your quick-term liabilities (deposits) will be smaller than that of the lengthy-term yields emitted by your assets (mortgages). We would therefore have a successful "distribution."

B) Strong inflation increases interest rates throughout the yield curve. If the growth were high, short-term rates could be higher than the long-term interest rates that reigned before the inflation rise.Since then, when interest rates were lower, the majority of fixed-rate mortgage loans was initiated, the savings & loan deposits (liabilities) cost more than yields on resources. If this continues for any period, the Savings & Loans stock (reserves) will be emptied to the extent that bankruptcy would not be prevented by a "bailout.". In reality, in the United States, this has occurred. So it'd be easier for Savings & loand to sell their mortgages to federal agencies and receive service fees in this case than to keep the mortgages originating from them.

John: "I will sell you my laptop computer for $330." Mary: "Will you include the carrying case"? John: "Sold." a. There is a contract for the sale of the computer with the carrying case. b. There is a contract for the sale of the computer but the carrying case is not included. c. There is no contract for the sale of the laptop computer. d. There is a contract but it is unenforceable because it must be in writing. e. none of the above

Answers

Answer:

Correct answer is a, there is a contract for the sale of computer with the carrying case

Explanation:

There is a contract between John and Mary to sell the laptop computer with the carrying case. Mary's counter offer to buy the laptop computer if the carrying case is included is indirectly accepted by John by replying "sold". That only means there is a meeting of minds between the two contracting parties  the seller (John) and the buyer who counter offered (Mary) to sell the laptop computer with the carrying case.

Suppose that XTel currently is selling at $40 per share. You buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%. a. What is the percentage increase in the net worth of your brokerage account if the price of XTel immediately changes to (a) $44; (b) $40; (c) $36

Answers

Answer:

Initial  net worth = $40* 500= $20000

a) Net worth of brokerage account = 44 * 500 = $22000

   Percentage increase in the net worth of your brokerage account=[22000-20000]/20000  * 100= 10%

b) Net worth of brokerage account = 40 * 500 = $20000

   Percentage increase in the net worth of your brokerage account=[20000-20000]/20000  * 100= 0%

c)If XTel's price changes to $36, the net worth of the brokerage account can be calculated as follows:

Net worth of brokerage account = 36 * 500 = $18,000.

Percentage decrease in the net worth of your brokerage account=[18000-20000]/20000  * 100= -10%

Explanation:

The price for a cell phone case is $25 with the quantity demanded at 10,000 a day. As time goes on the price for a cell phone case increases to $30 and the quantity demanded decreases to 5,000 a day. Based on the price elasticity of demand using the midpoint method, this cell phone case isSelect one:a. unit elasticb. inelasticc. Perfectly elasticd. elastic

Answers

Answer:

d. Elastic

Explanation:

Elasticity (by midpoint formula) = (Q2-Q1) / [(Q2+Q1)/2]

                                                        (P2-P1) / [(P2+P1)/2]

Cell Phone : P1 = 25 ; P2 = 10000 ;  P2 = 30 ; Q2 = 5000

Putting in the above formula : Elasticity =

                               =    (5000-10000) [(5000+10000)/2]  

                                            (30-25) / [(30+25)/2]

                                                              = 5000/7500

                                                                 5/27.5

                                                               = 0.66/ 0.18

                                                               = 3.66

Since the Elasticity = 3.66 i.e > 1 , The demand for cell phone is elastic.

Final answer:

The cell phone case described in the question exhibits elastic demand.

Explanation:

The cell phone case described in the question exhibits elastic demand. Elastic demand occurs when the percentage change in quantity demanded is greater than the percentage change in price. To calculate the price elasticity of demand using the midpoint method, we can use the formula:

Price Elasticity of Demand = (Change in Quantity Demanded / Average Quantity Demanded) / (Change in Price / Average Price).

In this case, the percentage change in quantity demanded is

(5,000 - 10,000) / [(5,000 + 10,000) / 2] = -50%,

and the percentage change in price is

($30 - $25) / [($30 + $25) / 2] = 20%.

Therefore, the price elasticity of demand is -50% / 20% = -2.5. Since the absolute value of the price elasticity of demand is greater than 1, the cell phone case is elastic.

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