Answer:
$1,300
Explanation:
Given that,
Budgeted Overhead expenses = $2,000 per month
monthly depreciation expense = $500
Allocated expenses related to the insurance premium = $200
Non-cash expenses:
= monthly depreciation expense + Allocated expenses related to the insurance premium
= $500 + $200
= $700
Cash outflow for overhead for the month of May:
= Budgeted Overhead expenses - Non-cash expenses
= $2,000 - $700
= $1,300
The bond has a coupon rate of 5.57 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. A clean price of $923 and the par value is $1,000. What is the invoice price?
Final answer:
The invoice price of the bond can be calculated by adding the clean price and the accrued interest. In this case, the invoice price is $923,023.22.
Explanation:
The invoice price of a bond refers to the price at which the bond is bought or sold, including any accrued interest. To calculate the invoice price, we need to take into account the clean price, which is the price of the bond without accrued interest. In this case, the clean price is $923 and the par value is $1,000.
First, we need to calculate the accrued interest. The bond makes semiannual payments, so the next coupon payment is 5 months away. Since each coupon payment is for half of the annual coupon rate, the accrued interest can be calculated as follows:
Accrued Interest = (Coupon Rate / 2) x (Time since last coupon payment / Time between coupon payments)
Accrued Interest = (5.57% / 2) x (5 months / 6 months)
Accrued Interest = 0.02785 x 0.83333 = 0.02322
Next, we calculate the dirty price, which is the clean price plus the accrued interest:
Dirty Price = Clean Price + Accrued Interest
Dirty Price = $923 + $0.02322
Dirty Price = $923.02322
Finally, we can calculate the invoice price, which is the dirty price multiplied by the par value:
Invoice Price = Dirty Price x Par Value
Invoice Price = $923.02322 x $1,000
Invoice Price = $923,023.22
A stock has an expected rate of return of 14.2 percent and a standard deviation of 23.4 percent. Which one of the following best describes the probability that this stock will lose more than 32.6 percent of its value in any one year?(A) Approximately 1 percent.(B) Less than 1 percent(C) Approximately 2.28 percent(D) Less than 0.26 percent
Answer:
1.
mean=(14%+3%+9%-12%)/4=3.5%
variance=((14%-3.5%)^2+(3%-3.5%)^2+(9%-3.5%)^2+(-12%-3.5%)^2)/3=0.0127
Option D
2.
mean=(19%+12%-10%+25%+4%)/5=10%
standard deviaiton=sqrt(((19%-10%)^2+(12%-10%)^2+(-10%-10%)^2+(25%-10%)^2+(4%-10%)^2))/4)=12.2147%
Pr(X>=30%)=1-Pr(X<30%)=1-Pr(Z<(30%-10%)/12.2147%)=5.077%
Option 1
3.
Pr(X<-32.6%)=Pr(Z<(-32.6%-14.2%)/23.4%)=2.28%
Option C
Explanation:
Complete the explanation of how polygenic inheritance could be the basis of a trait showing continuous phenotypic variation.
discrete
homozygous
dominant
additive
homozygous
recessive
continuous
threshold
The variation in weight in a population may be explained by the segregation of 10 genes that control weight in a simple ____________genetic fashion, the distribution will be ____________ from the lowest value (____________ for one allele at all 10 genes to the highest value (____________ for the other allele at all 10 genes).
Answer:
Additive; continuous; homozygous; homozygous.
Explanation:
The variation in weight in a population may be explained by the segregation of 10 genes that control weight in a simple additive genetic fashion, the distribution will be continuous from the lowest value homozygous for one allele at all 10 genes to the highest value homozygous for the other allele at all 10 genes.
Continuous phenotypic variation can be caused by many genes affecting a trait and/or environmental variation.
Suppose that anticipated inflation is 4% for the coming year, with loan contracts set at 7% with the expectation of a 3% return after inflation. If the actual inflation rate at the end of the year is 2%:
debtors gain at the expense of creditors.
people on a fixed income see the purchasing power of their incomes rising.
creditors gain at the expense of debtors.
there is a redistribution of income from creditors to debtors.
Answer:
Creditors gain at the expense of debtors.
Explanation: Inflation is a macroeconomic measure that shows the general rise in the price level of goods and services in an economy,the price rise as a result of Inflation is above normal.
A CREDITOR is a person or an organisation who is owned a certain amount of money by another person or organisation known as A DEBTOR.
IN THE SCENERIO HIGHLIGHTED,THE CREDITORS WILL GAIN A RETURN ON INVESTMENT OF 5% INSTEAD OF THE ANTICIPATED 3%,THIS IS DUE TO THE REDUCED RATE OF INFLATION ANTICIPATED WHICH DROPPED FROM 4% TO 2%.
Anticipated Inflation=4%
Actual Inflation=2%
Anticipated Returns=3%
Loan contract interest rate based on anticipated Inflation=7%
Actual returns on investment=(4-2)%
=2%.
Actual returns=7%-2%
Actual returns=5%.
Answer:
creditors gain at the expense of debtors.
Explanation:
The two most common forms of representative participation are ________ and board representatives. employee unions work councils self-regulatory organization task teams quality circles
Answer:
The correct answer is B) work councils.
Explanation:
The work councils are responsible for energizing the internal functioning of organizations and are a meeting point where professionals from functional areas of companies share, discuss and agree on proposals that reverse business and sector improvement.
________ is a trade pact among Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, which began in the early 1960s but collapsed in 1969 due to war.
Answer: Central American Common Market ( CACM) or in Spanish Mercado Comun Centroamericano (MCCA)
Explanation: The Central American Common Market was established in December 1960 comprising of Guatemala, Honduras, El Salvador and Nicaragua and later joined by Costa Rica in July 1962 was established by the general Treaty on Central American Intergretaion with its headquaters based in Guatemala city to foster free trade and economic integration by member states.
It's was established or formed as a need for member countries to respond and cooperate with each other thereby attracting industrial capital and also diversifying their economies to promote regional trade among all member states.
Your friend Ed has a money market mutual fund account, automatic deposit of his paycheck into an interest-bearing checking account at the company credit union, and a CD form the local branch of a bank that advertises "coast to coast" banking. What is the benefit of "mixing and matching" financial institutions and their services?
Answer and explanation:
"Mixing and Matching" financial institutions are those that take their customers' money and link different investment vehicles with the customer's expectations, diversifying risk compared to having the money in only one asset. The benefit of using financial institutions as middlemen relies on the cost of accessing the securities since they are much lower for individual investors. Besides, customers receive an assessment from professionals on what to invest in but sometimes this implies paying an additional fee.
You recently interviewed a candidate for a position in your sales department. However, another candidate was more qualified. You want to soften the bad news of rejection for the candidate.
What techniques should you use to cushion the bad news? Check all that apply.
A. Say whatever makes you appear as the "good guy."
B. Invite further correspondence.
C. Close with good wishes.
D. Buffer the opening.
You left work on Thursday evening and forgot to turn in a report that was due that day to your manager. You decide you need to compose an apology.
Answer:
B. Invite further correspondence.
C. Close with good wishes.
D. Buffer the opening.
Explanation:
These are all strategies that can be used to soften the bad news of rejection for a candidate that is not going to be hired. When you buffer the opening of your correspondence, you contribute to making the reader feel less negative about the news. Moreover, by inviting further correspondence, you demonstrate that the rejection is nothing personal and should not be taken as such. Finally, by closing with good wishes, you end on a positive note that is reassuring to the candidate.
Answer:
Explanation:
When employers do send out rejections, they tend to be impersonal and non-specific, either through a lack of time or from fearof causing offence. Failing to give feedback is one of the most common mistakes employers make.
The rule of thumb is to make feedback as constructive and personalized as possible. A standard email may be acceptable for candidates rejected prior to the interview process, but more detailed feedback is important for interviewees. So the time they have taken to give an interview is well paid
Saying whatever makes you appear as the "good guy" wont help either as interviewer needs to care about company's brand name.
Buffer the opening with the appreciation and thank you note. When you’re giving constructive criticism to a candidate, whether on the phone or by mail, it’s always a good idea to start off with the positives and give them some compliments before you tackle the areas where they fell down.
Wherever possible, tell them exactly which areas of the interview they could have handled better - most will already have a good idea of where they struggled. Make sure your reasons are concrete, not subjective like “I didn’t feel your personality would fit with the rest of the team”. You also need to avoid any comments that could be misinterpreted, like “I didn’t feel you could handle the workload” that could leave you open to potential charges of discrimination.
To make the feedback process feel less one-sided and more of a conversation, why not ask the candidate to supply their own comments on the interview. This can help head off problems with your recruitment process and gives you the chance to improve your interview technique.
Invite further correspondence.
To make the feedback process feel less one-sided and more of a conversation, why not ask the candidate to supply their own comments on the interview. This can help head off problems with your recruitment process and gives you the chance to improve your interview technique.
If you are likely to consider the candidate for future opportunities, letting them know you’ll keep their details on file will help soften the blow of the rejection.
Close with good wishes.
You can wish them luck for future opportunities as well invite them for future job posts. This is how interviewee will know the company is welcoming and rejecting for right reasons.
"Please do apply again in the future should you see a job posting for which you qualify. Again, thank you for applying. We wish you all the best. "
Ruth is a self-employed surgeon and is required to take a week of continuing medical education every year to keep her license. This year she paid $2,000 in course fees for her continuing medical education in Honolulu. She also paid $1,500 for airfare and a hotel room and $400 for meals. Ruth may deduct 60% of the medical education fees and travel and 50% of the meals on her Schedule C related to these expenses?
Answer:
The answer is $2340.
Explanation:
The question is incomplete, here is the complete question:
Ruth is a self-employed surgeon and is required to take a week of continuing medical education every year to keep her license. This year she paid $2,000 in course fees for her continuing medical education in Honolulu. She also paid $1,500 for airfare and a hotel room and $400 for meals. Ruth may deduct 60% of the medical education fees and travel and 50% of the meals. What is the total amount she can deduct on her Schedule C?
The question states that she can deduct 60% of the medical education fees which for $2000 comes up to $1200. She can also deduct 60% of her travel expenses which for $1500 comes up to $900. The 50% deduction for the meals at $400 comes up to $240. In total, the amount she can deduct is $2340.
I hope this answer helps.
Final answer:
Ruth can deduct 60% of her medical education fees and travel expenses and 50% of her meals expenses on her Schedule C, totaling $2,300 in deductibles for continuing medical education.
Explanation:
Ruth, a self-employed surgeon, can indeed deduct certain percentages of her expenses for continuing medical education on her Schedule C. According to the information provided, Ruth can deduct 60% of her medical education fees and her travel expenses, and she can deduct 50% of her meals expenses. Calculating these deductions, we find:
Medical education fees: $2,000 x 60% = $1,200
Travel: $1,500 x 60% = $900
Meals: $400 x 50% = $200
Adding these up, Ruth can claim a total of $2,300 in deductions related to her medical education expenses on her Schedule C.
The mass of the box is 5kg (the mass center is located in the middle of the box), the mass of a lower arm plus a hand is 1.5 kg (the mass center is located in the middle of the segment), an upper arm weighs 2 kg (the mass center is located in the middle of this segment), and the total mass of the head and torso is 27 kg. Assuming g=10N/kg and 1 iinch=2.54 cm, how large is the force exerted by the back extensor muscles at the L5/S1 in Newtons? How large is the compression force at the L5/S1? How large is the shear force at the L5/S1?
Answer:
Force of Compression= 1,315.322 N
Shear Force = 0 N
Explanation:
Given
Mass of Box = 5kg
Mass of lower arm = 1.5kg
Mass of upper arm = 2kg
Mass of Torso = 27kg
Calculating the weight of the parameters above
Weight of Box = Wbox = 5kg * 10N/kg = 50N
Weight of Lower arm = Wlow = 1.5 * 10 = 15N
Weight of Upper arm = Wup = 2 * 10 = 20N
Weight of Torso = Wtor = 27 * 10 = 270N
The force on the muscle is calculated by the following:
Fmus= Wbox* a/5 + Wlow* b/5 + Wup*c/5 where a,b, and c represents the corresponding lengths of each weights
Calculating a,b and c (See attachment) where angles are 30° and 20°
a = (sin 30) * 14.2 + (cos 20) * 14.5
a = 7.1 + 13.6 = 20.7 in.
b = 13.6 + (7.1/2) = 17.2 in.
c = (14.5/2) cos 20 = 6.8 in
Fmus= 50 * 20.7/5+ 15* 2 * 17.2/5+ 20* 2 *6.8/5 = 364.3N
.... * 2.54 inch
Fmus = 364.3 * 2.54 = 925.322N
Force of compression is calculated as
Fcomp= Fmus + Wtor + Wbox+ 2* Wlow+ 2* Wup
Fcom = 925.322 + 270 + 50 + 2 * 15 + 2 * 20
Fcomp = 1,315.322 N
Fshear = 0 N because no force perpendicular to L5/S1
Given the complexity of the human body and the multiplicity of forces at work during lifting, the specific values of force exerted by the back, compression force, and shear force at the L5/S1 cannot be calculated directly from the provided mass values without additional parameters, such as body positions, angles, and distances between joints.
Explanation:The forces and torques involved when an individual lifts an object are complex and multifaceted, especially when the load is asymmetric or not centered. Taking into account the provided masses, the force exerted by the back extensor muscles at the L5/S1, the compression force at the L5/S1 and the shear force at the L5/S1 cannot be calculated directly from the given values. Detailed parameters like the position of the individual, the angle of bend, distances between joints, and the direction of the forces are not provided.
The body can be thought of as a series of levers and pulleys, with the muscles, bones, and joints working together to create movement. For instance, the forces and torques in muscles and joints can be tremendous when lifting, especially when the lever arms involved are relatively large. It is also worth highlighting that the force required by the muscle is typically higher than the weight being lifted due to the mechanical disadvantage created by our anatomy.
Therefore, in order to accurately determine the three types of forces at the vertebrae L5/S1 during a lift, a comprehensive understanding of biomechanics is required, along with the usage of kinetic equations, principles of equilibrium and anthropometric data.
Learn more about Forces and Torques in Lifting here:https://brainly.com/question/33290868
#SPJ11
Patagonia’s products are produced under safe, fair, legal, and humane working conditions throughout the supply chain. Patagonia also donates at least 1% of profits to support environmental causes.
Patagonia is an example of a corporation using what?
Answer:
Corporate social responsibility
Explanation:
Patagonia is an example of a corporation using corporate social responsibility. It is a management concept whereby Patagonia integrate social (safe, fair, legal) and environmental concerns in their business operations and interactions with their stakeholders (investors, employees, customers, suppliers and host communities). Corporate social responsibility enables Patagonia to give back and improve the community where they operates, and help find solutions to their everyday issues.
c. Patagonia's practices of ensuring safe, fair, and humane production conditions and donating to environmental causes are examples of corporate social responsibility (CSR).
CSR is a business strategy that aims to contribute to societal goals by engaging in ethical practices and initiatives that go beyond the interests of the company and the law. Many companies, like Patagonia, implement CSR to enhance their brand image and appeal to socially conscious consumers. Examples of CSR practices include eco-friendly production, charitable donations, and community engagement. Companies such as Seventh Generation, Numi Organic Tea, and Allbirds also exemplify sustainable and ethical business practices.Complete question
Patagonia's products are produced under safe, fair, legal, and humane working conditions throughout the supply chain. Patagonia also donates at least 1% of profits to support environmental causes.
Patagonia is an example of a corporation using
a. a political strategy
b. a pricing strategies
c. a corporate social responsibility
Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store. This volume of goods is the result of a. The purchasing agents of Home Depot who have determined what goods producers have available. the purchasing agents of Home Depot who have b. Determined what goods consumers want. the choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding c. What to produce to maximize profits. the choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what d. To produce to satisfy their wants.
Answer:
C. The choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what to produce to maximize profits.
Explanation:
The extremely large amount of products that large hardware stores, such as Office Depot, carry, are most likely a consequence of the combination of these factors. On the one hand, the customers who go to this stores have a particular want, and their purchases are intended to satisfy these wants. On the other hand, the producers also have to make a choice, and they generally chose the products that are most likely to maximize their profits.
Hughes Company manufactures harmonicas which it sells for $ 23 each. Variable costs for each unit are $ 10 and total fixed costs are $ 7 comma 900. How many units must be sold to earn income of $ 2 comma 500?
Answer:
800 units
Explanation:
The net income earned is the difference between the total sales and the total cost. The total cost is the sum of the fixed and variable cost. The sales and variable cost are dependent on the level of activities or number of units produced and sold.
The difference between the sales and variable cost gives the contribution margin.
In light of the above,
let the number of units to be sold to achieve targeted income be x
Total sales = $23x
Total variable cost = 10x
2,500 = 23x - 10x - 7,900
13x = 7900 + 2500
13x = 10,400
x = 800 units
The predetermined overhead rate is $50 per machine-hour, under-applied overhead is $5,000, and the actual amount of machine-hours is 2,000. What is the actual amount of total manufacturing overhead incurred during the period?
Solution:
Actual machine hours = 2,000 machine hours
Per-determined overhead rate = $50 per machine hour
Applied manufacturing overhead = Actual machine hour multiply with Predetermined overhead rate
= $50 multiply with 2,000 machine hours = $100,000
Underapplied overhead = $5,000
Thus, in order to calculate manufacturing overhead cost that has been incurred, the following costs will be added
Actual manufacturing overhead incurred = Applied manufacturing overhead + Underapplied overhead = $100,000 + $5,000 = $105,000
Hence, Answer is A.$105,000
Value-stream mapping_____________.a. is a variation of time-function mapping.b. examines the supply chain to determine where value is added.c. extends time function mapping back to the supplier.d. starts with the customer and works backwards.e. All of these are true.
Answer: E). All of these are true.
Explanation:
Value-stream mapping is a variation of time-function mapping that examines the supply chain to determine where value is added. It extends time function mapping back to the supplier. However, it does not necessarily start with the customer and work backward.
Explanation:Value-stream mapping is a tool used primarily in lean manufacturing to analyze the current state and design the future state for a series of events that take a product from its beginning through to the customer. Statements a, b and c accurately describe components of value-stream mapping. Specifically, it is a variation of time-function mapping (a), which means it provides a visual representation of the process flow analyzed over time. It indeed examines the supply chain to identify where value is added (b) and maps out all actions (value-added and non-value added) necessary to bring a product from raw material into the hands of the customer, hence extending time-function mapping back to the supplier (c). While the process indeed aims to consider the customer's value perception, it traditionally does not start with the customer and works backwards (d). So, statement e is not fully correct: Value-stream mapping does include elements of a, b and c but not necessarily d.
Learn more about Value-stream mapping here:https://brainly.com/question/31462472
#SPJ6
If the incentive to take advantage of a conflict of interest is high Question 3 options: A) removing the economies of scope that created the conflict may induce higher costs because of the decrease in the flow of reliable information. B) firms will always step in and work to remove the conflict. C) then the government must step in to remove the conflict. D) the costs of non-action in removing the conflict will always be higher than the cost of removing the conflict.
Answer:
The correct answer is letter "D": the costs of non-action in removing the conflict will always be higher than the cost of removing the conflict.
Explanation:
Conflicts of interest arise in organizations when the personal interest of a representative contrasts the interest of the company typically resulting in an unethical action. An example of a conflict of interest is influencing the recruitment of an applicant because the representative knows that person.
In case the cost of conflict is high, even higher will be the cost of non-action in removing the conflict since it will be detrimental for the company's interest over the long run.
Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 195 units per hour. In the month of July, the company operated the production line for a total of 365 hours and produced 45,400 units of output. What was its capacity utilization rate for the month
Answer:
124.38%
Explanation:
capacity utilization rate is the rate at which productive capacity or output is being utilized. It is denoted by the equation:
Capacity utilization = [actual output/ potential output] %
= (45,400/365) %
=124.38%
A company is analyzing its month-end results by comparing it to both static and flexible budgets. During the month, the actual variable costs per unit were lower than the expected variable costs per unit as per the static budget. This difference results in a(n) ________.
(A) favorable flexible budget variance for variable costs
(B) favorable sales volume variance for variable costs
(C) unfavorable flexible budget variance for variable costs
(D) unfavorable sales volume variance for variable costs
Answer:
(A) favorable flexible budget variance for variable costs
Explanation:
As in the given case, the question is talking about the variable cost per unit that lead to the flexible budget variance instead of the sales volume variance
Since in the given scenario, the actual variable costs per unit were lower than the expected variable costs per unit that reflects the favorable and if the actual variable costs per unit were higher than the expected variable costs per unit so it would reflect the unfavorable variance
An excerpt from the Fourth Amendment reads: "The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized." Suspecting a Mr. Flammer of running an illegal gambling and loan sharking operation, the FBI obtained a federal search warrant. The FBI entered the residence of Mr. Flammer and searched through various records. Suspecting most of the records were contained on a personal computer, the FBI began attempting to access the computer’s various files. Unable to access the needed files because of password barriers, the FBI installed a system known as a key logger system (KLS). This system was able to determine the keystrokes made on a computer and thus allowed the FBI to discover the password needed to enter the incriminating files. The discovery led to the gathering of evidence linking Mr. Flammer to the suspected illegal operation Question: Were Mr. Flammer’s Fourth Amendment rights violated?
Answer:
No, his Fourth Amendment rights were not violated because the Amendment specifies that "upon probable cause, supported by Oath or affirmation" a person's home, personal property, and documents can be searched and seized by the legal authorities.
In this case, the FBI obtained a federal search warrant before entering Mr. Flammer's house. This federal search warrant is a valid legal document that allowed the FBI officials to seek information in his house, and on his computer. The FBI officials acted in a way that is coherent with the U.S. Constitution.
After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $36,000. The entry to close the income summary account will be: Multiple Choice Credit Retained earnings $36,000; debit Dividends $36,000. Debit Income Summary $36,000; credit Dividends $36,000. Debit Retained earnings $36,000; credit Income Summary $36,000. Debit Dividends $36,000; credit Income Summary $36,000. Debit Income Summary $36,000; credit Retained earnings $36,000.
Answer:
Debit Retained earnings $36,000; credit Income Summary $36,000
Explanation:
The income statement has its last line as the net income/loss for the period. The income summary account is closed into the retained earnings.
The expense in the income statement is closed by crediting the account and debiting the income summary. For revenue, the account is debited and the income summary is credited.
Hence where the income summary account has a debit balance of $36,000, the entries to close it will be Debit Retained earnings $36,000; credit Income Summary $36,000
On July 1, Shady Creek Resort borrowed $350,000 cash by signing a 10-year, 8.5% installment note requiring equal payments each June 30 of $53,343. What amount of interest expense will be included in the first annual payment?
Final answer:
The first annual installment payment for Shady Creek Resort includes an interest expense of $29,750, which is 8.5% of the $350,000 principal.
Explanation:
To determine the amount of interest expense included in the first annual payment of the installment note for Shady Creek Resort, we need to apply the interest rate to the principal balance. With an 8.5% annual interest rate on the principal of $350,000, the first year's interest expense is calculated as $350,000 × 0.085 = $29,750. Since the annual payment is $53,343, and the first year's interest is $29,750, the remaining $23,593 of the payment goes towards reducing the principal.
Dessa Cabinetry, Inc., manufactures standard sized modular cabinet units for kitchens and other applications within the home. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through the rough cut department and the finish department. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.
Data for Finishing Department for March 2017 are:
Work in process, beginning inventory, 20% converted 1,000 units
Units started during February 1,800 units
Work in process, ending inventory 500 units
Costs for Finishing department for March 2017 are:
Work in process, beginning inventory:
Direct materials $200,000
Conversion costs $204,000
Direct materials costs added during February $428,000
Conversion costs added during February $141,000
How many units were completed and transferred out of the Finishing department during March?
Answer:
2,300 units
Explanation:
Given that,
Data for Finishing Department for March 2017:
Work in process, beginning inventory, 20% converted = 1,000 units
Units started during February = 1,800 units
Work in process, ending inventory = 500 units
Units completed and transferred out:
= Work in process, beginning inventory + Units started during month - Work in process, ending inventory
= 1,000 units + 1,800 units - 500 units
= 2,300 units
Final answer:
The number of units completed and transferred out of the Finishing Department during March 2017 is 2,300 units. This calculation is based on the total units accounted for (beginning work in process plus units started) minus the units in ending work in process.
Explanation:
The student is asking about completing a calculation to determine the number of units completed and transferred out of the Finishing Department for a manufacturing company, Dessa Cabinetry, Inc., during March 2017. Given the data provided, we start with the total number of units accounted for, which includes the units in starting work in process (WIP), plus the units started in the month, and then subtract the units remaining in ending WIP. So, the calculation is as follows:
Units from beginning WIP: 1,000 unitsUnits started this period: 1,800 unitsTotal units accounted for: 1,000 units + 1,800 units = 2,800 unitsEnding WIP: 500 unitsUnits completed and transferred out: 2,800 units - 500 units = 2,300 unitsThus, the number of units completed and transferred out of the Finishing Department during March 2017 is 2,300 units.
When managers employ a profile schema of the characteristics of good, poor, and outstanding employees they are using a(n) ________ schema to compare present employees and job candidates. A. role-based B. person-based C. events-based D. self-based
Answer:
The correct answer is letter "B": person-based.
Explanation:
Schemas are mental constructions that help understanding or classifying certain topics easily. Person-based schemas, then, allow individuals to qualify people. The problem with schemas is that they are limited. Using schemas could represent avoiding information that could be useful to understand one person. Person schemas could include information such as appearance, personality or behavior.
5. Describe a firm you think has been highly innovative. Which of the four types of innovation—radical, incremental, disruptive, or architectural—did it use? Did the firm use different types over time?
Answer:
Apple is the most innovative brand on the face of this earth. It has created iPhone, Mac-book, iPod, iTunes etc. Steve Jobs made it one of the most innovative brand in the world, when he was alive Apple was using disruptive innovation, they were creating totally new and innovative products which the world had never seen before. The way they changed the cell phone industry was simply phenomenal. They came up with iPhone when there was no concept of doing all of your computing works on the phone. But after Steve Jobs, company has almost lost its innovative charm, they could not come up with a disruptive innovation, they have just kept on changing the size, price and features of their iPhone which means they are involved in incremental innovation since after the death of Steve Jobs.
Apple Inc has demonstrated radical innovation with the creation of the first iPhone, and disruptive innovation with the introduction of the Apple Store.
Over time, Apple also used incremental and architectural innovations to maintain a balance of exploring and exploiting ideas.
Explanation:One firm that I believe demonstrates high levels of innovation is Apple Inc. Over the years, Apple has exemplified multiple types of innovation, but notably, they have made significant strides through radical and disruptive innovation.
Radical innovation was evident in the creation of the first iPhone in 2007. This completely transformed the notion of cell phones and made a significant leap in technological progress.
The iPhone integrated an internet communicator, a mobile phone, and a music player into one device, something unprecedented at the time.
Disruptive innovation was observed when Apple introduced the Apple Store.
This step disrupted the traditional software distribution channels and enabled developers to directly distribute their applications to users.
Consumers benefited from a variety of high-quality applications, altering market dynamics.
Over time, Apple has also used incremental and architectural innovations, ensuring a balance between exploring new ideas and exploiting existing ones.
Learn more about Innovation here:https://brainly.com/question/34095044
#SPJ3
Suppose your company imports computer motherboards from Singapore. The exchange rate is currently 1.2871 S$/US$. You have just placed an order for 34,000 motherboards at a cost to you of 233.50 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $194 each.
What is your profit at the current exchange rate? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Explanation:
the value of 1 Singapore dollar = 1/1.2871 = US$0.776940409 this is called direct quotation
or
Value of US$1 = 1.2871 this is called direct quotation
In the question we have indirect quotation
First we need to calculate Singapore dollar For purchases = 34000*233.5
= 7939000
Sale proceeds in US$ =34000*194 = $US 6596000
Using the direct quotation method to convered the USD in to Sigapore $
$1usd = 1.2871
Sale proceeds in Singapore dollar =6596000*1.2871 = 8489711.6
Using the indirect quotation method to convered the USD in to Sigapore $
6596000/0.77694 =8489711.6 indirect Calculation
Gain = Sale - purchase =7939000-8489711.6
Gain =550711.6
Describe the effect of each transaction on assets, liabilities, and stockholders' equity.
Issued common stock to investors in exchange for cash received from investors.
Paid monthly rent.
Received cash from customers when service was performed.
Billed customers for services performed.
Answer:
Issued Common Stock to Investors in exchange for Cash received from investors
Stockholders Equity = Increase
Assets = Increase
Liabilities = No Effect
Paid Monthly Rent
Assets = Decrease
Stockholders equity = Decrease
Liabilities = No Effect
Received cash from customers when service is performed
Assets = Increase
Stockholders Equity = Increase
Liabilities = No Effect
Billed Customers when service is performed
Assets = Increase
Liabilities = No Effect
Stockholders Equity = Increase
Explanation:
Issued Common Stock to Investors in exchange for Cash received from investors
Stockholders Equity increase due to increase in issue of additional common stock.
Assets increase due to inflow of asset of Cash resulting from the issue.
Paid Monthly Rent
Stockholders equity decrease due to increase in an expense item (Rent) which decreases profits attributable to stockholders.
Assets decrease due to outflow of economic benefits in form of cash.
Received cash from customers when service is performed
Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.
Assets are increasing due to inflow of economic benefits in form of cash.
Billed Customers when service is performed
Assets are increasing due to increase of future economic benefit in form of Accounts Receivable.
Shareholders Equity increase increase due to inflow of economic benefits in form of revenue, which would consequently increase profit attributable to shareholders.
Each transaction affects assets, liabilities and equity differentially. Issuing common stock increases both assets and equity. Paying rent decreases assets only. Receiving cash from performed services increases assets and equity. Lastly, billing customers for performed services also increases assets and equity.
Explanation:1. Issued common stock to investors in exchange for cash: This transaction increases both the assets (cash) and the equity (investment from stockholders). It means the company's assets grow due to the influx of cash, and simultaneously, the equity or stockholders' equity also increases because the issuance of common stocks represents ownership in the company.
2. Paid monthly rent: This transaction decreases your assets (outflow of cash) but doesn't influence liabilities or stockholders' equity. The cash paid for the rent represents an outflow from the company’s assets.
3. Received cash from customers when service was performed: This transaction increases assets (cash inflow) and equity (earned revenue from service provided). The revenue received is recorded as an increase in assets and equity because the company is responsible to its shareholders for this income.
4. Billed customers for services performed: This transaction increases assets (accounts receivable) and equity (earned revenue). Although cash is not received, an increase in accounts receivable indicates a right to receive money in the future, thus therefore increasing both assets and equity.
Learn more about Accounting Transaction Effects here:https://brainly.com/question/33722532
#SPJ12
he dean has asked the faculty to establish department-wide guidelines for testing. This situation is a (n) _______ problem requiring a (n) _______ decision.
The dean has asked the faculty to establish department-wide guidelines for testing. This situation is a non-structured problem requiring a non-programmed decision.
Explanation:
Decision making to be custom made to fix one-off and non-recurring issues are not programmed. Setting up a new corporate plan is an unscheduled step. This action is different from past organizational action as there is a set of new of environmental variables and other circumstances have changed as the problem is fresh.
This explains the interaction within the company between types of issues, types of judgments and rates. With automated decision-making, well organized problems are replied to and non -structured issues involve unscheduled policy-making.
b. An economy produces only two goods, hot dogs and hamburgers. Both goods are produced efficiently. If a discovery is made of the remarkable health benefits of hot dogs were to change consumers’ preferences, i. Use the productions possibilities frontier to explain what would happen.
Answer:
This will result in move of the economy along the production possibilities frontier.
Explanation:
The production possibility frontier shows the various combinations of resources that can be used to produce two goods in an economy.
For example if hot dogs and hamburgers can be produced and if resources are used equally between them we can get 5:5 ratio of hotdogs to hamburgers.
If a discovery is made of the remarkable health benefits of hot dogs and there is change in consumer preferences, more of available resources will be used to produce hotdogs and less will be dedicated to hamburger production. The ratio of hotdogs to hamburgers may now be 8:2.
Below is an illustration of movement along the production possibility frontier.
Jim Sullivan is the owner and manager of Auto Spa. Auto Spa provides various car wash and car detailing services. Auto Spa also sells snacks and gift items in its waiting area. Auto Spa has one cash register, where all payments from customers are received. There is a $400 change fund in the cash register at the beginning of each day. There are two cash register clerks, George and Alice, who work two different shifts during the day. Jim is quite busy as an owner and operator of the car wash and trusts George and Alice completely. Jim does not see the need to count out the cash register drawers with George or Alice after their shifts are ended. Additionally, Jim prints out a cash register tape at the end of the day but does not compare it to the deposit. During the first week of August, Jim noticed an increase in business. However, the cash deposits to the bank were less than Jim thought they should be. He has contacted you for advice. You have compiled the sales per the cash register tapes, and the cash counts, for the period from August 1 to August 7. These amounts are as follows: Calculate the total amount of cash sales and cash shortages for the period August 1 to August 7. Prepare a journal entry dated August 7 that summarizes the cash sales and cash shortages from August 1 to August 7.
Answer:
Cash Sales : we add up all the cash sales for the week to get total cash sales, cash sales will be from cash receipts journal and or cash register tapes.
Cash shortages will be the difference between cash sales and cash counts or cash on hand.
Journal Entry
Debit Cash ( as per the cash count), Debit Cash shortage(difference and is an expense) Credit cash Sales (as per register)
Explanation:
The Question is incomplete but when dealing with cash there must be internal controls put in place to monitor or reduce any potential risks, risks like cash shortages. Jim must everyday count the cash with the cashier that was at the cash register. Daily the cash register tape must be compared to the deposits that is a control to avoid cash shortages and each employee must have separate register tapes or there must be identification and or a way to know which clerk made what transactions.
Answer:
) Cash sales $15,696.00, Cash shortages ($1,798.20) (2) Cash shortages journal entry Dr: Cash $17,494.20, Dr: Cash shortages ( $1,798.20), Cr : Sales $15,696.00
Explanation:
The question is not complete, here is the missing part of the question
Date. Cash count. Sales per the cash register tape
August 1. 2,486.20. 2,222.50
August 2. 2,352.80. 2,135.90
August 3. 2,471.45. 2,303.45
August 4. 2,597.20. 2,287.30
August 5. 2,644.05. 2,335.45
August 6. 2,450.10. 2,155.50
August 7. 2,492.40. 2,255.90
------------------ -------------------
Total. 17,494.20. 15,696.00
-------------------- -----------------------
Here is the solution
To calculate the total amount of cash sales and cash shortages for the period August 1 to August 7
Date. Money collected. Sales Recorded. Shortages
August 1. 2,486.20. 2,222.50. ($263.70)
August 2. 2,352.80. 2,135.90. ($216.90)
August 3. 2,471.45. 2,303.45. ($168.00)
August 4. 2,597.20. 2,287.30. ($309.90
August 5. 2,644.05. 2,335.45. ($308.60)
August 6. 2,450.10. 2,155.50. ($294.60)
August 7. 2,492.40. 2,255.90. ($236.50
------------- -------------- ----------------
17,494.20. 15,696.00. 1,798.20
--------------- --------------- ----------------
To prepare the journal entry dated August 7 that summarizes the cash sales and cash shortages from August 1 to 7
Cash Register Reconciliation
$
Cash count. 17,494.20
Less::Sales on cash register tape 15,696.00
-------------
Cash shortages. 1,798.20
--------------
The reconciliation shows there is a cash shortages of ($1,798.20)
The cash shortages journal entry will be
Dr: cash$17,494.20
Dr: Cash shortages $1,798.20
Cr: Sales$15,696.00
The statement of cash flowsa. summarizes the operating, financing, and investing activities of an entity.b. is another name for the income statement.c. is a special section of the income statement.d. must be prepared on a daily basis.
Answer:
a. summarizes the operating, financing, and investing activities of an entity
Explanation:
The statement cash flows is a part of the financial statement that shows how much cash was generated or used by the company in its operating, investing and financing activities.
It shows the movement between the opening cash balance and the cash balance at the end of the period as a result of the operating, investing and financing activities of the company.
Answer:
a. summarizes the operating, financing, and investing activities of an entity
Explanation:
The Cash flow statement is a statement that gives a summary of an organisation'scash reciepts and payments as it relates to the organisation's operating, investing and financing activities for a given period of time usually a year.
Most if not all organisations that prepare financial statements are required to prepare the cash flow statement for their activities.
Operating activites affects profits and losses, financing activities show cash flow regarding capital and gearing of the business and the investing activiites has to do with buying of assets or investing in the acquisition of non-current assets.