Answer:
the correct answer is d. $11.11 per unit
Explanation:
($2,530,000 + $900,000)/(168,000 + 110,000) DLH = $12.34 per DLH
$12.34 × .90 = $11.11 per unit
To calculate the overhead assigned to each unit produced, we need to determine the total overhead cost and the total number of units produced. The plantwide overhead rate is calculated by dividing the total manufacturing overhead costs by the total direct labor hours. In this case, the overhead cost assigned to each unit produced is $11.11.
Explanation:To calculate the overhead assigned to each unit produced, we need to determine the total overhead cost and the total number of units produced. The plantwide overhead rate is calculated by dividing the total manufacturing overhead costs by the total direct labor hours. In this case, the total manufacturing overhead costs are $2,530,000 for Department 1 and $900,000 for Department 2. The total direct labor hours are 168,000 DLH for Department 1 and 110,000 DLH for Department 2.
Using the given information, we can calculate the plantwide overhead rate:
Plantwide Overhead Rate = (Department 1 Overhead Costs + Department 2 Overhead Costs) / (Department 1 Direct Labor Hours + Department 2 Direct Labor Hours)
= ($2,530,000 + $900,000) / (168,000 + 110,000)
= $3,430,000 / 278,000
= $12.34 per DLH
Since each unit takes 0.90 DLH, we can multiply the plantwide overhead rate by 0.90 to find the overhead per unit:
Overhead per Unit = Plantwide Overhead Rate * Direct Labor Hours per Unit
= $12.34 * 0.90
= $11.11 per unit
Joni is considering job offers from two companies. Company A offered her a starting salary of $54,660 with a 4.8% raise at the end of each year. Company B offered her a starting salary of $61,400 with a raise of $2400 at the end of each year. What is the ratio of Joni's salary one year compared to her salary in the previous year for Company A?
Answer:
1.048
Explanation:
Data provided in the question:
Starting salary offered by company A = $54,660
Raise in salary by company A = 4.8% = 0.048
Starting salary offered by company B = $61,400
Raise in salary by company A = $2400
Now,
Amount of raise in the salary offered by company A
= 4.8% of $54,660
= 0.048 × $54,660
= $2,623.68
Therefore,
Salary after 1 year in company A
= Starting salary + Amount of raise in the salary
= $54,660 + $2,623.68
= $57,283.68
Therefore,
The ratio of Joni's salary one year compared to her salary in the previous year for Company A
= $57,283.68 ÷ $54,660
= 1.048
Final answer:
The ratio of Joni's salary one year compared to her salary in the previous year for Company A after a 4.8% raise is the new salary divided by the original salary, which is approximately $57,283.68 / $54,660 when calculated.
Explanation:
The student is asking about calculating the ratio of Joni's salary one year compared to her salary in the previous year for Company A. To determine this, we calculate the percentage increase in Joni's salary. Company A offers a 4.8% raise each year.
To express the new salary as a ratio relative to the original salary: Her new salary is her original salary plus 4.8% of her original salary. In other words, Joni's new salary will be 104.8% of her original salary, since 100% represents her original salary and the 4.8% is the raise.
Mathematically, this can be represented as:
Original salary = $54,660New salary = Original salary + (4.8/100) \ imes Original salaryNew salary = $54,660 + ($54,660 \ imes 0.048)New salary = $54,660 + $2,623.68New salary = $57,283.68The ratio of the new salary to the original salary is therefore $57,283.68 / $54,660, which can be simplified.
Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $515,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. What profit margin would the firm need in order to achieve the 15% ROE, holding everything else constant?
a. 10.92%
b. 9.41%
c. 11.82%
d. 8.11%
e. 12.66%
Answer:
Profit Margin = 10.92%
so correct option is a. 10.92%
Explanation:
given data
assets = $375,000
sales = $515,000
net income = $25,000
return on equity = 15.0%
ROE = 15%
to find out
What profit margin would the firm need
solution
we know that Profit Margin is
profit margin = Net Income ÷ Sales .............1
here Net Income is = Common Equity × ROE
net income = $375,000 × 15%
so from equation 1
Profit Margin = [tex]\frac{375,000*0.15}{515000}[/tex]
so
Profit Margin = 10.92%
so correct option is a. 10.92%
Chang Corp. would need a profit margin of 10.92% to achieve a 15% return on equity, by calculating the target net income based on their assets and applying it to their sales. The correct answer is a.
Explanation:To find the profit margin needed for Chang Corp. to achieve a 15% return on equity (ROE), we first calculate the target net income for a 15% ROE. This is done by multiplying the total equity, which is the same as the total assets in this case because the company has zero debt, by the target ROE percentage.
Target net income = Total assets × Target ROE
Target net income = $375,000 × 15%
Target net income = $56,250
Now, we calculate the profit margin by dividing the target net income by the sales, and then multiplying by 100 to get the percentage.
Profit margin = (Target net income / Sales) × 100
Profit margin = ($56,250 / $515,000) × 100
Profit margin = 10.92%
The firm would need a profit margin of 10.92% in order to achieve the 15% ROE, holding everything else constant.
Which of the following is true about classified ad Web sites?
a. They do not allow the search to be narrowed down to a particular city.
b. They do not list local advertisers.
c. They are typically supported by ad banners of other advertisers.
d. They do not allow the search to be extended nationwide.
e. They do not offer free classified advertising opportunities.
Answer:
The correct answer is letter "C": They are typically supported by ad banners of other advertisers.
Explanation:
A classified ad website is the type of web page that allows a free advertisement in different fields without charge. By doing this, the websites promote the purchase, selling, and bargain of products from different kinds. Usually, the classified website is supported by other advertisers who pay for publishing on the same webpage. Examples of free posting sites are eBay, Craiglist, and OLX.
According to the Investment Advisers Act of 1940, which of the following statements is true regarding the information that an SEC-registered adviser is required to deliver or offer to deliver to their advisory clients?a. Written disclosure documents must be delivered or offered to clients annually. b. The adviser must send a copy of all records of account activity over the course of the previous year to each client.
Option A, Written disclosure documents must be delivered or offered to clients annually.
Explanation:
Investment advisers must submit, or offer to submit, at least annually the written communication document (Brochure) under the Brochure Rule of the Investment Advisers Act of 1940.
For all federally licensed investment advisers the guidelines, known formally as law 204-3, refer and set out the dates during the advising period during which they must supply content.
Choosing the Perfect financial advisory that suits their needs has wouldn't have to be difficult. The free device of Smart Asset matches in five minutes with financial trustees in their area. Every contractor has been named to act in the interests of Smart Asset and is legal.
If there is a recessionary gap in the short run, the Federal Reserve can eliminate the gap in the short run by undertaking a policy action that raises aggregate demand. But, if Federal Reserve chooses not to close the gap in the short run, the economy will eventually get back to full employment in the long run. Because when there is a recessionary gap in the short run, then in the long run a new equilibrium will arise as input prices and expectations adjust downward, causing the aggregate supply to shift downward and to the right and pushing equilibrium real GDP back to its long-run potential value.
a. A monetary policy action that could eliminate a recessionary gap in the short run is an open market sale of government securities a decrease in the required reserve ratio a decrease in taxes .
b. If Fed implements the short run monetary policy option instead of simply waiting for the long -run adjustments to take place, then it
Answer:
D. harms the society by interfering with the economy's natural process.
Explanation:
In order to get out of recession, the fed should reduce the tax rates, which would in return lead to higher disposable income of the consumers, and then there will be an increase in the demand.
On the other hand the sale of bonds would even further increase the recession, as there will be more cash crunch in the economy. A decrease in reserve ratio will be a long time taking solution, so it would not provide an immediate solution.
MCQ
But, if the fed interferes with the short run equilibrium in the hope of giving short run benefits, it will hamper the economy's natural process to attain a new equilibrium as discussed in the paragraph above. Hence, option D is the correct answer
Option A and C are incorrect, because, employment is not much affected with lowering of income tax. On, the other hand, inflation levels rise, when there is a cut in income tax, as it gives more currency in the economy, hence even C is incorrect.
1. ""Organizations are more likely to succeed when they have an adaptive culture."" What can an organization do to foster an adaptive culture? 2. Is it possible to have a knowledge of what an organizational culture is before you become a part of the organization? How important is it for you to align yourself with your organizational culture? g
Answer:
Answer to the 1st Question.
To allow a diverse employees from different backgrounds to be a part of the organizationFacilitating friendship, trust, employee loyalty and skills through employee development programsMaintaining a culture of transparency and openness where important information regarding the company are not hidden from the employeesReducing the separations and segregation between different levels of employees to a reasonable levelAnswer to the 2nd Question.
Yes it is possible. But the knowledge is Limited. This is because the only possible ways for you to understand the culture before going in is by asking someone or through reading! However, culture is not a "text book" thing and to understand it clearly you have to go in and be exposed to it!
Answer to the 3rd Question.
It is really important if you need to stay with the organization for a long time. If you are unable to adapt to the culture of that particular organization, then you might not be able to cope with your colleagues and superiors and eventually you may be forced to leave the organization,
Explanation:
I think I did that in the upper part!!!!
A rotary engine powers a vertical takeoff and landing (VTOL) personal aircraft known as the Moller Skycar M400. It is a flying car known as a personal air vehicle (PAV), and it is expected to make its first untethered flight in 2020. The PAV has been under development for 28 years at a total cost of $120 million. Assuming the $120 million was spent in an equal amount each year, determine the future worth at the end of the 28-year period at an interest rate of 8% per year.
Answer:
$409.18million
Explanation:
Since the amount of $120 million is to be spend in equal installments over a period of 28 years, therefore it will be appropriate to calculate the Future worth using future value of annuity formula:
Future value of annuity = (R((1+i)^n-1)/i)Here R= Installment per year=$120/28=$4.29millioni=interest rate=8%n= number of year=28Future worth at the end of 28 years=4.29(((1+8%)^28-1)/8%) =4.29(7.63/8%) =4.29*95.38 =$409.18million
The future worth of the $120 million spent on the development of the Moller Skycar M400 over 28 years at an interest rate of 8% per year is approximately $1,357.91 million.
To determine the future worth of the $120 million spent on the development of the Moller Skycar M400 over 28 years at an interest rate of 8% per year, we can use the future value formula for equal annual payments:
\[FV = PMT \times \left( \dfrac{(1 + r)^n - 1}{r} \right)\]
Where:
- \(FV\) is the future worth (the amount we want to calculate).
- \(PMT\) is the equal annual payment (the annual cost of development), which is $120 million / 28 years = $4.2857 million per year.
- \(r\) is the annual interest rate, which is 8% or 0.08.
- \(n\) is the number of years, which is 28.
Now, plug these values into the formula:
\[FV = $4.2857 \, \text{million} \times \dfrac{(1 + 0.08)^{28} - 1}{0.08}\]
\[FV = $4.2857 \, \text{million} \times \dfrac{(1.08^{28} - 1)}{0.08}\]
\[FV \approx $4.2857 \, \text{million} \times \dfrac(25.339) {0.08}\]
Now, calculate the future worth:
\[FV \approx $4.2857 \, \text{million} \times $316.7375\]
\[FV \approx $1,357,913.06 \, \text{million}\]
For similar questions on Moller Skycar
https://brainly.com/question/38593094
#SPJ3
How to calculate the free cash flow of the firm (also referred to as the firm’s free cash flow) directly?
Answer:
Explanation:
The formula to compute the free cash flow of the firm is shown below:
= EBIT × (1 -Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - net capital Expenditure
In this we deduct the changes in net capital and net capital expenditure and added the depreciation and amortization expenses to the Earning after tax so that the correct amount can be computed
Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive it for 200,000 miles. The annual cost of vehicle insurance will be $2,400. Natalie estimates that at the end of the 5-year useful life the van will sell for $7,500. Assume that she will buy the van on August 15, 2017, and it will be ready for use on September 1, 2017. Natalie is concerned about the impact of the van’s cost on her income statement and balance sheet. She has come to you for advice on calculating the van’s depreciation. Prepare three depreciation tables for 2017, 2018 and 2019: one for straight-line depreciation , one for double-declining balance depreciation, and one for units-of-activity depreciation. For units-of-activity, Natalie estimates she will drive the van as follows: 15,000 miles in 2017; 45,000 miles in 2018; 50,000 miles in 2019; 50,000 miles in 2020; and 40,000 miles in 2021. Recall that Cookie Creations has a December 31 year-end.
Double-declining-balance depreciation: What is just the NBV (Beg. of Year) for 2017, 2018, and 2019?
The net book value for the van at the beginning of 2017, 2018 and 2019 is $40,500, $24,300 and $14,580 respectively using the double-declining balance depreciation method.
Explanation:
To calculate the net book value (NBV) for the years 2017, 2018, and 2019, we need to determine the initial cost of the van and the residual value at the end. In this case, the initial cost includes the purchase price of the van ($36,500), the cost of painting the van ($2,500), and the cost of the seat removal and installing shelving units ($1,500). So, the initial cost is $40,500. The residual value after 5 years is the expected selling price of the van, which is $7,500.
Next, before we can calculate the depreciation and subsequent NBV with double-declining balance depreciation, we calculate the straight-line depreciation rate. It is 1/5 (or 20%) because the van will last 5 years. The double-declining balance rate is then 2 times the straight-line rate, which gives us a rate of 40%. Unlike other methods, initial NBV with double-declining balance starts depreciating right from the beginning, so NBV at the beg. of 2017 is $40,500.
In 2018, the depreciation would be 40% of the NBV at the beg. of 2018 ($40,500 - $16,200), which gives us $24,300. In 2019, it is 40% of the NBV that year ($24,300 - $9,720), thus resulting in $14,580 as the NBV Beg. of 2019, before depreciation is taken again for 2019.
Learn more about Depreciation here:https://brainly.com/question/17827672
#SPJ12
Under sec rules establashed by nsmia, an individual that files a registration application will be denied if the applicant has:
Answer:
The correct answer is: served one (1) year or more in jail.
Explanation:
The National Securities Markets Improvement Act (NSMIA) is a U.S. securities regulation law. It aims to give more regulatory power to the federal government. Under this law, people who would like to apply to become securities brokers must not have a prison history as inmates for more than one (1) year. Otherwise, their application will be denied.
You’ve dreaded it for a while, but now you feel prepared. In 30 minutes you’ll have to terminate Tim, a 12-year employee who is beloved by everyone in the firm. Unfortunately, he just hasn’t performed very well since his wife died three years ago and while he was given every chance to regain his performance, he has just continued to slide. Which of the following elements of communication is MOST likely to influence Tim’s perception of your communication effectiveness?
A)Tone
B)Pace
C)Indirect Non-verbals
D)Formailty
Answer: Tone of communication
Explanation: Voice tone is really about the feeling behind what you mean. There's no shift in your voice, but the way you speak to someone. If you're angry, you might be brusque; if you're pleased, you might be delighted with your expression.
In simple words, tone depicts the attitude of the employees while making a statement to their audience. It shows the maturity level of the dictator and shows how he or she handles the situation.
Hence from the above we can conclude that tone would be the most important element in the given case as the audience of that message can get emotionally affected from that information.
Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2017, from Natalie's grandmother. Interest on the note is 9% per year, and the note plus interest was to be repaid in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2017 (1/2 month), December 2017, and January 2018. (a) Calculate the interest payable that was accrued and recorded to January 31, 2018. Round to nearest dollar. (b) Calculate the total interest expense and interest payable from February 1 to August 31, 2018. Prepare the journal entry at August 31, 2018, to bring the accounting records up to date. Round to nearest dollar. (c) Natalie repays her grandmother on September 15, 2018-10 months after her grandmother extended the loan to Cookie Creations. Prepare the journal entry for the loan repayment.
Answer:
Cash 2,000 debit
Note payable 2,000 credit
--to record signing of the note--
interest expense 7.50 debit
interest payable 7.50 credit
--adjustment for the half-month--
interest expense 15 debit
interest payable 15 credit
--adjustment for december-
interest expense 15 debit
interest payable 15 credit
--adjustment for january-
interest expense 105 debit
interest payable 105 credit
--adjustment for August 31th-
Note payable 2,000 debit
interest payable 142.5 debit
interest expense 7.5 debit
cash 2,150 credit
--to record honor of the note--
Explanation:
interest for half-month :
2,000 x 9% x 0.5 / 12 = $7.50
interest for a month :
2,000 x 9% x 1/12 = $15.00
For February 1st to August 31th:
$15 dollar per month x 7 months = $105
honor of the note at September 15th:
nterest for half-month :
2,000 x 9% x 0.5 / 12 = $7.50
Total interest accrued: 7.5 + 15 + 15 + 105 = 142.5
Answer:a) interest payable $540, b) total interest expense for seven months $1,260, interest payable $2,520, c) loan repayment interest after 10 month $1,800
Total amount repaid $3,800
Explanation:
To calculate the simple interest on the loan
SI = Principal × Rate × Time/100
Principal =$2,000, Rate = 9%, T = 24 months
2,000 × 9 × 24/100
= 432,000/100
= 4,320
Amount = interest + Principal
4,320 + 2000 = 6,320
To calculate the monthly interest
4,320÷ 12 = 360
Therefore the amount interest payable accrued recorded
= 360,× 1/2
= 180 each month
For November, December, January will be
180 ×3 = 540
Journal entry
Interest expense Dr : $540
Interest payable. Cr :$540
b)
To calculate interest expense, we use the formula
Principal =$2,000 Rate = 9%, T = 7 months
P × R × T / 100
2000 × 9 × 7 /100
= 126,000÷ 100
= 1,260
Therefore to calculate interest payable, Since the simple interest
= $4,320, we will first calculate for the monthly interest
4,320÷12 = 360
Therefore the interest payable for 7 months
= 360 × 7
= 2,520
Journal entry
Interest payable Cr : $2,520
Less Interest expenseDr : $1260
Balance c/d Dr :$ 1,260
Total balance Dr $2,520, Total balance Cr : $2,520
c)
To calculate the repayment of the loan by Natalie ten month after the grandmother extended the loan. Using the formula SI = Principal × Rate × Time /100
Principal = $2,000, Rate 9%, Time = 10 months
2,000 × 9 × 10 / 100
= 180,000 ÷ 100
= 1,800
Amount = interest + Principal
= 1,800 + 2,000
= 3,800
Journal entry
Loan account Dr: $2,000
Loan interest Dr: $$1,800
Bank Account Cr: $3,800
Total balance Dr :$ 3,800 ,
Total balance Cr: $3,800
Links Golf Course is planning for the coming golfing season. Investors would like to earn a 10% return on the company's $60,000,000 of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $32,000,000 for the season. About 600,000 rounds of golf are expected to be played each year. Variable costs are about $15 per round of golf. Links Golf Course is a price-taker and will not be able to charge more than its competitors, who charge $75 per round of golf. Compute the operating profit that will be earned.Select one:A. $6,000,000B. $46,800,000C. $87,800,000D. $5,800,000E. none of the above
Answer:
Option (E) is correct.
Explanation:
Revenue at the competitor price:
= Rounds of golf are expected to be played each year × Charge per round
= 600,000 × $75 per round
= $45,000,000
variable Cost:
= Rounds of golf are expected to be played each year × Variable cost per round
= (600,000 × $15)
= $9,000,000
Contribution Margin:
= Revenue at the competitor price - variable Cost
= $45,000,000 - $9,000,000
= $36,000,000
Less: Fixed Costs = 32,000,000
Operating profit:
= Contribution Margin - Fixed Costs
= $36,000,000 - $32,000,000
= $4,000,000
So, the operating profit is $4,000,000.
Links Golf Course has a total revenue of $45,000,000 from playing rounds, with total variable costs of $9,000,000, and fixed costs of $32,000,000. The operating profit calculates to $4,000,000, which does not meet the investors' expected 10% return on $60,000,000 of assets. The correct option is E. none of the above.
To calculate the operating profit for Links Golf Course, we need to consider the fixed costs, variable costs, total assets, and the expected return rate. The formula to calculate operating profit is: Operating Profit = Total Revenue - (Fixed Costs + Variable Costs).
First, let's calculate the total revenue. If the golf course charges $75 per round and expects to see 600,000 rounds played, the total revenue would be:
Total Revenue = Price per Round × Number of Rounds = $75 × 600,000 = $45,000,000
Next, we calculate the total variable costs:
Total Variable Costs = Variable Cost per Round × Number of Rounds = $15 × 600,000 = $9,000,000
Now we can calculate the operating profit:
Operating Profit = $45,000,000 - ($32,000,000 + $9,000,000) = $45,000,000 - $41,000,000 = $4,000,000
However, since the investors expect a 10% return on $60,000,000 of assets, which is $6,000,000, the operating profit does not meet their expected return. Therefore, the answer closest to our calculation is E. none of the above.
If the reserve requirement is 5 percent, a bank desires to hold no excess reserves, and it receives a new deposit of $10, then this bank a. must increase its required reserves by $10. b. will initially see its total reserves increase by $10.50. c. will be able to make new loans up to a maximum of $9.50. d. All of the above are correct.
Answer:
c. will be able to make new loans up to a maximum of $9.50
Explanation:
If the reserve requirement is 5% it means that the bank is required to reserve(not loan out) 5% of it's reserves so in this case the bank is required to 5% of 10 (0.05*10) $0.50 as reserves and can loan out $9.50 (10-0.50). As the bank has no desire to hold on to excess reserves we can be sure that it will only hold 0.50 as reserve as it is required and loan out $9.50. So statement c is correct.
Statement A is incorrect because the bank does not need to increase required reserve by $10 but by just $0.50.
Statement B is incorrect a deposit of $10 cannot increase the total reserve by $10.50 as it is impossible mathematically.
Statement d is incorrect because 2 of the 3 statements are incorrect therefore all of the above statements cant be correct.
Which of the following is NOT a benefit of designing for producibility? [Identify the methods and objectives of manufacturing that influence system design.]
a. Little or no testing required
b. Lower overall cost
c. Quicker product introduction
d. Stable product design
Answer:
The correct answer is letter "A": Little or no testing required.
Explanation:
Producibility design allows a company to have a reliable product design aligned with manufacturing processes that reduce overall costs. By doing so, the efficiency of the product becomes higher because of the trial processes the firms go through, leading to a quicker introduction of the good to customers.
The option 'a. Little or no testing required' is the incorrect choice because testing is critical for ensuring the safety and quality of the product, regardless of its producibility. Producing a design that is optimized for manufacturing still necessitates adequate testing at various stages.
Explanation:The question poses a scenario regarding the benefits of designing a product with producibility in mind. In the context of manufacturing and system design, producibility refers to the extent to which a product is designed for easy production, which typically results in lower costs, quicker market introduction, and a more stable design. The incorrect option among the provided benefits of designing for producibility is a. Little or no testing required.
Testing is a critical component of the design process and is necessary to ensure product quality and safety, and it cannot be substantially reduced or eliminated simply because producibility has been considered. Contrarily, the concepts of incremental design, detailed design processes, and an understanding of stakeholder needs all underscore the importance of rigorous testing, iterating, and refinement in order to reach high product standards and market success.
Yocum Company purchased equipment on January 1 at a list price of $120,000, with credit terms 2/10, n/30. Payment was made within the discount period and Yocum was given a $2,400 cash discount. Yocum paid $6,000 sales tax on the equipment, and paid installation charges of $1,760. Prior to installation, Yocum paid $4,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment?
a. $125,360
b. $129,360
c. $131,760
d. $123,600
Answer:
b. $129,360
Explanation:
The total cost of the new equipment is given by the sum of the actual cost of the equipment (minus the cash discount) to the various incurred costs to the purchase and installation of the equipment (taxes, installation cost and concrete expense).
The total cost is:
[tex]C = (\$120,000-\$2,400) +\$6,000+\$1,760+\$4,000\\C=\$129,360[/tex]
The correct answer is b. $129,360
Loazia Inc. incurred the following costs during the year ended December 31, 2018: Laboratory research aimed at discovery of new knowledge $270,000 Costs of testing prototype and design modifications 75,000 Quality control during commercial production, including routine testing of products 270,000 Construction of research facilities having an estimated useful life of 6 years but no alternative future use 360,000 The total amount to be classified and expensed as research and development in 2018 is a. $675,000. b. $975,000. c. $705,000. d. $405,000.
Answer:
Option (C) is correct.
Explanation:
Given that,
Laboratory research = $270,000
cost of testing prototype = $75,000
construction of research facility = 360,000
The total amount to be classified and expensed as research and development in 2018:
= Laboratory research + cost of testing prototype + construction of research facility
= $270,000 + $75,000 + 360,000
= $705,000
Final answer:
The total amount to be classified and expensed as R&D by Loazia Inc. in 2018 is $705,000, which includes the costs for laboratory research, prototype testing and design modifications, and construction of research facilities with no alternative use.
Explanation:
The total amount to be classified and expensed as research and development (R&D) for Loazia Inc. in the year ended December 31, 2018, includes the costs of laboratory research for discovery of new knowledge, testing of prototype and design modifications, and the construction of research facilities with no alternative future use. The laboratory research costs amount to $270,000, the costs for prototype testing and design modifications are $75,000, and the cost for the construction of research facilities, which solely serve the purpose of R&D and have no alternative use thus making them a sunk cost, is $360,000. This sums up to a total of $705,000, which means the correct answer is c. $705,000. It's important to note that costs for quality control during commercial production are not included in R&D expenses as they are considered part of the manufacturing process.
Glen filed his 2017 return on March 15, 2019. He is due a $400 refund on his 2017 return. What is the failure-to-file penalty for his 2017 return?a. $0b. $24c. $210d. $400
Answer:
a. $0
Explanation:
If a person has refund due, then there is no penalty on filing late return. Glen filed his return of year 2017 in year 2109. There will be $0 penalty, since he has his refund due.
This is the process of reviewing all change proposals, estimating their impact on project goals wherever appropriate, approving or declining changes, and managing changes to deliverables, schedules, budgets and the project management plan:
a. Perform project monitoring.
b. Perform configuration management
c. Perform variance analysis and control.
d. Perform integrated change control.
Answer:
The correct answer is letter "D": Perform integrated change control.
Explanation:
Perform Integrated Change Control is the mechanism to review all demands for change; authorize changes and handle changes to deliverables, organizational process materials, project records, and project management plan; and communicate their management.
Perform Integrated Change Control is the process which involves reviewing all change proposals, estimating their impact, and managing changes to deliverables, schedules, budgets and the project management plan. It is a pathway of maintaining balance in the project when changes occur. Thus, ensuring the project remains beneficial even with changes.
Option D is correct
Explanation:The process of reviewing all change proposals, estimating their impact on project goals wherever appropriate, approving or declining changes, and managing changes to deliverables, schedules, budgets and the project management plan is known as Perform Integrated Change Control.
This process involves looking at how potential changes to the project could affect different elements, such as time, cost, and quality. One could think of it as a balancing act, where the project manager tries to keep all aspects of the project in equilibrium. For example, if a new requirement would demand more resources or time, the project manager would have to determine whether it's practical to adjust the schedule or budget to accommodate that change.
In conclusion, the process described is a critical part of project management aimed at ensuring that any changes to a project are manageable and beneficial to the project's overall goals.
Learn more about Integrated Change Control here:https://brainly.com/question/32613722
#SPJ11
Abey Kuruvilla, of Parkside Plumbing, uses 1,220 of a certain spare part that costs $26 for each order, with an annual holding cost of $25.
a) Calculate the total cost for order sizes of 25, 40, 50, 60, and 100 (round your responses to two decimalplaces).
b) What is the economic order quantity?
Answer:
Answer:
Total cost = Total ordering cost + Total holding cost
Total cost = DCo/Q + QH/2
Where D = Annual demand, Co = Ordering cost per order and H = holding cost per item per annum.
For 25 Order Size
Total cost = 1,220 x $26/25 + 25 x $25/2
Total cost = $1,268.80 + $312.50 = $1,581.30
For 40 Order Size
Total cost = 1,220 x $26/40 + 40 x $25/2
Total cost = $793 + $500 = $1,293.00
For 50 Order Size
Total cost = 1,220 x $26/50 + 50 x $25/2
Total cost = $634.40 + $625 = $1,259.40
For 60 Order Size
Total cost = 1,220 x $26/60 + 60 x $25/2
Total cost = $528.67 + $750 = $1,278.67
For 100 Order Size
Total cost = 1,220 x $26/100 + 100 x $25/2
Total cost = $317.20 + $1,250 = $1,567.20
b. The economic order quantity is 50 units because it reduces the total cost to $1,259.40
Explanation:
In this case, we need to determine the total costs based on different order sizes. Thus, economic order quantity is the order size that minimises the total cost.
Galt Industries has no debt, total equity capitalization of $600 million, and an equity beta of 1.2. Included in Galt's assets is $90 million in cash and risk-free securities. Assume the risk-free rate is 4% and the market risk premium is 6%.Galt's enterprise value is closest to:A) $90 millionB) $510 millionC) $600 millionD) $690 million
Answer: A
Explanation: using capital asset pricing model.
Ke=Risk free rate + Beta (risk premium)
Ke = 0.04 + 1.2(0.06)
Ke = 0.112.
value of equity = $600m × 0.112 = $67,200,000
value of cash= $90m × 0.112 = $10,080,000
Total value of firm = value of equity + value of cash
= $67,200,000+$10,080,000
= $77,280,000
The enterprise value of Galt Industries is calculated by subtracting the value of cash and risk-free securities from the total equity capitalization (i.e., $600 million - $90 million), resulting in $510 million.
Explanation:The equity capitalization of Galt Industries is given as $600 million. This includes $90 million in cash and risk-free securities. Therefore, while calculating the enterprise value, we need to subtract the value of unnecessary cash kept by the company from the total equity capitalization. Thus, the enterprise value of the company is $600 million (equity capitalization) - $90 million (cash and risk free securities) = $510 million. Therefore, the enterprise value of Galt Industries is closest to $510 million.
Learn more about Enterprise Value here:https://brainly.com/question/34922008
#SPJ11
On January 1, GHI Corporation issued four-year bonds with a face value of $100,000. The bonds have a stated interest rate of 4 percent. When the bonds were issued, the market interest rate was 5 percent. The bonds pay interest once per year on December 31. Determine the amount that GHI received at issuance. Your answer should be rounded to the nearest full dollar (i.e., no cent
Answer:
Year Cashflow DF@5% PV
$ $
1 4,000 0.9524 3,809.60
2 4,000 0.9070 3,628.00
3 4,000 0.8638 3,455,20
4 104,000 0.8227 85,560.80
Market price of the bond 96,454
The amount that GHI received at issuance is $96,454.
Explanation:
In this case, we need to calculate the current market value of the bond. The annual coupon is calculated as R = 4% x $100,000 =$4,000, which is 4% of the face value. We will discount the annual coupon and face value of the bond at 5% market interest rate. The cashflow for year 4 is the aggregate of coupon and face value of the bond. The current market value of the bond calculated above is the amount that GHI received at issuance of the bond.
GHI Corporation received $92,278 at issuance for the four-year bonds with a face value of $100,000.
Explanation:GHI Corporation received $92,278 at issuance for the four-year bonds with a face value of $100,000. To determine the amount received at issuance, we need to calculate the present value of the future cash flows associated with the bonds. Since the market interest rate was 5 percent and the stated interest rate on the bonds was 4 percent, the bond price will be less than the face value.
Using the present value formula:
Bond price = Coupon payment / (1 + i) ^ n
Coupon payment = $100,000 x 4% = $4,000i = 5% (market interest rate)n = 4 (number of years until maturity)Plugging in these values into the formula:
Bond price = $4,000 / (1 + 0.05) ^ 4 = $92,278 (rounded to the nearest dollar).
Therefore, GHI Corporation received $92,278 at issuance for the four-year bonds.
https://brainly.com/question/32992410
#SPJ11
Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders.
Both types of distributors purchase the same product.
The customer activities and costs for the previous quarter are as follows:Activity JIT distributors Non-JIT distributorsSales Orders 500 30Sales Calls 30 30Service Calls 200 90Average Order Size 90 1,400Manufacturing Cost/Unit $50 $50Customer Costs:Processing Sales Orders $160,000Selling Goods $155,000Servicing Goods $195,000Total $500,000Calculate the activity rate for servicing goods. (Note: Round answer to two decimal places.)
a. $1,000.54 per service callb. $680.50 per service callc. $750.10 per service calld. $672.41 per service calle. $1,089.25 per service call
Answer:
d. $672.41 per service call
Explanation:
The computation of the activity rate for servicing goods is shown below:
= (Total servicing good cost) ÷ (Total service calls)
= $195,000 ÷ 290
= $672.41 per service call
The total service call would be
= JIT distributors + Non-JIT distributors
= 200 + 90
= 290
All other information which is given is not relevant. Hence, ignored it
An individual borrowed money at the bank to send his daughter to college. Instead of purchasing Credit life insurance, he used an existing life insurance policy to secure the debt. This would be called a ___________
Answer:
The correct answer is: Collateral Assignment.
Explanation:
Collateral assignment of a life insurance sets a lender as the beneficiary in front of the decease of the insured, so the benefits will be used to cover the debt of that loan. The lender could be the insured of the life insurance or anybody else the insured decides to appoint.
Final answer:
A loan secured with an existing life insurance policy is known as a collateralized loan. It offers the lender security in the form of the policy benefits if the borrower fails to repay the loan.
Explanation:
When an individual borrows money from a bank and secures the debt with an existing life insurance policy, this arrangement is called a loan backed by collateral. Collateral in financial terms often includes property or equipment, but it can also be other assets such as a life insurance policy. Such collateral provides assurance to the lender that if the loan is not repaid, the bank has the right to seize the policy benefit to recover the debt.
Highland Industries makes custom yachts using a job cost accounting system. In anticipation of a busy year for 2019, Highland’s accountant estimated the following overhead costs for 2019: Machinery maintenance $181,350 Utilities $226,380 Supervision $191,000 Materials handling cost $67,000 Building occupancy costs $98,270 Indirect materials $31,650 In the past, Highland has used direct labor hours to allocate overhead to the various yacht building jobs and they anticipate using the same for 2019. Highland anticipates using a total of 72,000 direct labor hours in 2019. At the beginning of 2019, Highland had no yachts in process or finished but did have $202,000 in raw materials left over from 2018. During 2019, Highland began work on 3 yachts (A, B, C). They also purchased and paid for $2,355,000 in raw materials. The predetermined overhead rate using direct labor hours for 2019 would be:
Answer:
predetermined overhead per direct labor hour: $11.02
Explanation:
[tex]\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate[/tex]
To solve for overhead rate we determinate the expected cost and distribute them over a cost driver which is, in this case; direct labor hours
Expected overhead cost:
Machinery maintenance $ 181,350
Utilities $ 226,380
Supervision $ 191,000
Materials handling cost $ 67,000
Building occupancy costs $ 98,270
Indirect materials $ 31,650
Total overhead: $ 795,650
Total direct labor: 72,000
Overhead rate: 795,650 / 72,000 = 11.0206944= $11.02
At the beginning of Year 1, your auto-insurance premium for the next year is $300. If you have 0 accidents in a year your premium for the next year drops 10 percent, if you have 1 accident in a year your premium for the next year increases10 percent, and if you have 2 accidents in a year your premium for the next year increases 30 percent. Set up a spreadsheet that will determine the premium cost for Years 1–30. (Hint: # of accidents are up to you. Idea is to create an IF formula that will return the correct auto insurance premium in each year for any number of accidents.)
Answer:
Consider the following explanation.
Explanation:
step 1. Excel formula that will determine the premium cost for years 1-30 is as follow :
A=Accident
formula as follows,
step 2. if(a=0,(300-300*10%),if(a=1,(300+300*10%),if(a=2(300+300*20%))))
Final answer:
To calculate an auto-insurance premium over a 30-year period, input $300 for Year 1 and use an IF formula to adjust the premium based on the number of accidents each year, applying a 10% decrease, 10% increase, or 30% increase to the previous year's premium accordingly.
Explanation:
Creating a Spreadsheet for Auto-Insurance Premiums
To set up a spreadsheet that calculates auto-insurance premiums for 30 years based on the number of accidents, you can use the IF function in Excel or any other spreadsheet software. Here is a step-by-step guide:
Start with $300 as the premium for Year 1 in cell A1.In cell B1, enter the number of accidents for Year 1.In cell A2, write the IF formula: =IF(B1=0, A1*0.9, IF(B1=1, A1*1.1, IF(B1=2, A1*1.3, "Invalid"))). This formula checks the number of accidents in Year 1 and calculates the premium for Year 2 accordingly.Drag the formula in cell A2 down to cell A31 to apply it for all 30 years.In cells B2 to B31, enter the number of accidents for each subsequent year.Adjust the percentages in the formula if the premium adjustment rates change. By changing the number of accidents in column B, you can see how the premiums are adjusted each year based on your given conditions.
Which of the following situation would make transaction costs too high to negotiate and therefore the Coase Theorem would not apply?
a. Only a few people are bothered by the pollution in the area
b. Orte Tirm is the cause of the poltution
c. Many people are bothered by pollution in the area
d. Many firms are working together to eliminate pollution
Answer:
d. Many firms are working together to eliminate pollution
Explanation:
Coase theorem is a private solution for the two parties who agree to reduce externalities, i.e., pollution. They negotiate in such a manner that the costs are low as one party takes over other party's polluted assets to reduce pollution. When there are more parties or firms involved to eliminate pollution, it will pose high transaction costs. Therefore, the Coase theorem will not work in that case. So, the option "D" is the correct choice.
Final answer:
The Coase Theorem would not apply in situation d. Many firms are working together to eliminate pollution because it would result in high transaction costs.
Explanation:
The correct answer is d. Many firms are working together to eliminate pollution.
The Coase Theorem states that if transaction costs are low and property rights are well-defined, then parties will negotiate and internalize externalities in order to reach an efficient outcome. However, if transaction costs are too high, it becomes difficult for parties to negotiate and reach an agreement.
In option d, many firms working together to eliminate pollution may lead to high transaction costs. Coordinating the efforts of multiple firms can be challenging and time-consuming, resulting in higher costs associated with negotiation.
Barry was assigned recently to a large team working on a major software release that was taking longer than expected. Barry and the other latecomers into the project spent a month partnered with a senior programmer who went over the project in detail with them and got them up to speed. Unfortunately, this training put the project even farther behind schedule. After a few months of working on the project with so many other programmers, Barry's work output becomes noticeably lower than it was before when he was working independently. Barry's reduced work output is most likely due to __.
Answer:
Social loafing
Explanation:
Social loafing
Social loafing- it is refer to that condition when any member of a team show lack of interest when he/she is working in team than working alone. It is refer to mindset that people are more often work carelessly when task are assigned for group, it happened because sometimes people think some other member from group will take care of the assigned task.
Barry's reduced work output is most likely due to social loafing, where individuals exert less effort when working in a group.
Explanation:Barry's reduced work output is most likely due to social loafing. Social loafing refers to the phenomenon where individuals exert less effort when working in a group because their individual performance cannot be evaluated separately from the group. This can lead to a decline in performance, especially on easy tasks.
During the period 2006 through 2010, housing production in the United States fell from a rate of over 2.27 million housing starts per year to a rate of under 500,000, a decrease of over 80 percent. At the same time, the number of new households slowed to a trickle. Students without a job moved in with their parents, fewer immigrants came to the United States, and more of those already here went home. If there are fewer households, it is a decline in demand. If fewer new units are built, it is a decline in supply. Assume that the quantity supplied and quantity demanded are equal at 50,000 units and at a price of $200,000. 300,000 250,000 200,000 150,000 100,000 1.) Using the line drawing tool, draw and label a standard supply and demand diagram which shows the demand for new housing units that are purchased in the market each month, and the supply of new units built and put on the market each month. 2.) Using the line drawing tool, draw and label a line to show a decline in demand on the same diagram
A standard supply and demand diagram can be used to show the decline in the housing market from 2006 to 2010. The decline in demand is represented by a leftward shift of the demand curve, leading to a new, lower equilibrium point for price and quantity of units.
Explanation:The given question is related to Economics, specifically the concepts of supply and demand in the housing market. You start by sketching a standard supply and demand graph with price on the y-axis and quantity on the x-axis. Initially, the demand and supply curves intersect at 50,000 units and a price of $200,000 – label this as point 'A'.
To show a decline in demand, you would draw and label a new demand curve that shifts to the left of the original demand curve. This represents a decrease in the number of households that require housing each month. The point at which this new demand curve intersects with the original supply curve is the new equilibrium point – label this as 'B'.
This diagram visually illustrates the impact of a reduction in demand on housing units over the period of 2006 to 2010, showing how it leads to a decrease in both the quantity of units supplied and their market price.
Learn more about Supply and Demand here:https://brainly.com/question/9872367
#SPJ3
Last year, Wesson Company sold 10,000 units of its only product. If sales increase by 12% in the current year, how will unit variable cost and unit fixed cost be affected? Unit Variable Cost Unit Fixed Cost
A) Remains constant Remains constant
B) Increases Decreases
C) Decreases Remains constant
D) Remains constant Decreases
E) Remains constant Increases
Select one:
a. Choice A
b. Choice B
c. Choice C
d. Choice D
e. Choice E
Answer:
Correct answer is D, Unit variable cost remains and unit fixed cost decrease
Explanation:
The relationship between sales volume and unit fixed cost is inverse. Which means, the larger the volume increase of sales, the smaller the unit cost fixed cost in the period. No matter how much is the increase in sales, the total fixed cost REMAINS, that is why it affects only on per unit cost. VARIABLE UNIT COST on the other hand, is constant and will never be affected on the increase in sales volume. The relationship between total variable cost and sales is directly proportional.