Answer:
whats qustion
Explanation:
Saturn Industries purchased and consumed 64,000 gallons of direct material that was used in the production of 17,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of four gallons. If a review of Saturn's accounting records at the end of the period disclosed a material price variance of $6,400U and a material quantity variance of $2,800F, what is the actual price paid for a gallon of direct material
Answer:
The actual price = $1.08
Explanation:
The standard material price can be worked out as follows:
Step 1: Work out the standard price of material using the material usage variance
Standard price = Material usage variance/(standard quantity of material - actual quantity)
Standard quantity of material = standard qty per unit × actual production
= 4 × 17,000 =68,000
Standard price = 2,800/(68,000-64,000)= $0.7
Step 2 : Work out the Actual material price using the material price variance
Material price variance = (Standard price - Actual price )× Actual quantity of material
6,400 = (y - 0.7) × 17,000
6400 = 17,000y - 11,900
17,000 y = 6,400 + 11,900
y = 18,300/17,000= 1.08
The actual price = $1.08
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Which statement describes the word “iterative”?
Answer:
D.
Explanation:
The word 'iterative' is derived from the Latin word 'iterare', which means 'to repeat.'
Iterative is a term used to define a process of repetition to attain the desired outcome. It is a repetitive process performed to improve or do better than before.
The statement that correctly defines the term 'iterative' is option D. The statement talks about working in cycles (repetition) to get a desired result of (refined product).
Therefore, option D is correct.
Rollins Corporation is estimating its WACC. It's current and target capital structure is 20
percent debt, 20 percent preferred stock, and 60 percent common equity. Its bonds have a 12
percent coupon rate, paid semiannually, a current maturity of 20 years, and sell for $1,040. The
firm could sell, at par, $100 preferred stock which pays a $12.00 annual preferred dividend.
Rollins' common stock beta is 1.2, and the risk-free rate is 10 percent. Rollins is a constant-
growth firm which just paid a dividend of $2.00. Its stock sells for $27.00 per share, and has a
growth rate of 3 percent. The floatation cost is 5% for debt, 10% for preferred stock, and 25%
for common stock. The firm's marginal tax rate is 40 percent.
Question 1 (worth 15 out of 100 possible points for the quiz)
Part a. Calculate the cost of existing debt.
Part b. Calculate the cost of new debt.
Answer:
i dont get it, all words are distinguish
Explanation:
an Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales $ 9,100,000 $ 21,000,000 Net operating income $ 455,000 $ 1,470,000 Average operating assets $ 2,275,000 $ 10,500,000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 12%. Compute the residual income for each division.
Answer:
Part 1 - ROI
In terms of Margin :
Division Osaka = 20 %
Division Yokohama = 14 %
In terms of Turnover :
Division Osaka = 400 %
Division Yokohama = 200 %
Part 2 - Residual Income
Division Osaka = $182,000
Division Yokohama = $210,000
Explanation:
Return on investment (ROI) = Divisional Profit Contribution / Assets Employed in the division x 100
In terms of Margin :
Division Osaka = $ 455,000 / $ 2,275,000 x 100 = 20 %
Division Yokohama = $ 1,470,000/ $ 10,500,000 x 100 = 14 %
In terms of Turnover :
Division Osaka = $ 9,100,000 / $ 2,275,000 x 100 = 400 %
Division Yokohama = $ 21,000,000/ $ 10,500,000 x 100 = 200 %
Residual income = Controllable Profit - Cost of Capital Charge on Controllable Investment
Therefore,
Division Osaka = $ 455,000 - $ 2,275,000 x 12 % = $182,000
Division Yokohama = $ 1,470,000 - $ 10,500,000 x 12 % = $210,000
All leaders tend to share several common characteristics.
O True
O False
Answer:
O True
Explanation:
The following transactions occurred during June: June 1 Purchased two new maintenance carts (noncurrent assets) on account at $750 each. Payment is due in 30 days. June 8 Accepted $500 of advance payments from customers for services to be provided next month. June 15 Received the June utility bill for $300. Payment is due and made in 30 days. June 20 Billed customers for $1,500 services provided. Payment is due in 30 days. June 30 Received $500 from customers who were billed on June 20. What journal entry is required to record the purchase of the carts on June 1
Answer:
Journal Entry to record the purchase of the carts on June 1:
June 1:
Debit Maintenance Equipment $1,500
Credit Accounts Payable $1,500
To record the purchase of 2 maintenance carts on account.
Explanation:
a) Data and Analysis:
June 1 Maintenance Equipment $1,500 Accounts Payable $1,500
June 8 Cash $500 Unearned Service Revenue $500
June 15 Utility Expense $300 Utility Payable $300
June 20 Accounts Receivable $1,500 Service Revenue $1,500
June 30 Cash $500 Accounts Receivable $500
Which section of a business plan gives details about a business's core products and services?
The
section of a business plan talks about a business's core products and services, and their features and benefits
to the consumers.
Answer:
an executive summary is compelling which reveals the company's mission statement, along with a short description of its products and services. its also good to briefly explain why you're starting your company and include details about your experience in the industry that you're entering
Discovering the process of distribution of commonly used items is quite interesting and opens eyes to several new processes and careers! Your group will be in charge of dissecting the process of distribution related to any of the following items:
*Televisions
*Milk in Cartons
*Laundry Detergent
*Refrigerators
*Lumber
*Pineapples
*Video Games
*Watches
*Coffee
*Shoes
*Football Helmets
*Pencils
Narrow your research by selecting a brand or company that manufactures or distributes one of the products listed above. For example, not all shoes come from the same country, manufacturer, distributor, or are distributed alike. Select a brand of shoes you are familiar with and begin the search. The goal is to trace the process from production to consumer.
Answer and Explanation:
The distribution of laundry detergent can happen in two ways. The first way, occurs with a distribution of the factory direct to the retailers of a country. These retailers, receive the detergents, store large inventories and send them to smaller stores, within a given region. This type of distribution has a lower economic cost, which causes the detergent to be sold at lower prices.
The second form of distribution occurs with the use of intermediaries between factories and retailers. These intermediaries are the wholesalers, they receive the product from the factories forming large stocks, which will be distributed to retailers, who in turn, will distribute the product to stores. This process makes the product more expensive, making the price higher.
Ridley is an officer of Sun Watts, Inc. Ridley knows that a Sun Watts engineer recently developed a new, inexpensive method for collecting, storing, and converting solar power into fuel. Ridley takes advantage of this information to buy Sun Watts stock from Taylor and, after the discovery is announced publicly, to sell the stock to Ulrich at a profit. Taylor claims that this is a violation of federal law. Is Taylor correct
Answer:
Yes, Taylor is correct
Explanation:
In the case above between Taylor and Ridley, it a a clear violation of the federal law . This is due to the fact that Ridley bought the stocks of Sun Watts, Inc. from Taylor as a result of the insider information he has gotten and the public are not aware of it or or have no access to the information beforehand.
Ridley is in violation of federal law by buying the stock at a lower price.
It is stated in the SEC Act of 1934 both criminal and civil penalties. criminal guilty of the above can be fined about $5 million and up to 20 years in prison. Ridley can give a penalty amost to as much as triple the profits gotten or the loss avoided by the guilty party.
Tano Company issues bonds with a par value of $82,000 on January 1, 2020. The bonds' annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $79,849. 1. What is the amount of the discount on these bonds at issuance
Answer: $2151
Explanation:
The amount of the discount on these bonds at issuance will be the difference between the par value of the bond issues by Tank company and the price at which the bonds were sold. This will be:
= $82000 - $79,849
= $2151
Therefore, the amount of the discount on these bonds at issuance is $2151.
Companies should take the expectations of the broader community into
account when making decisions.
True or false
The management of Penfold Corporation is considering the purchase of a machine that would cost $270,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $60,000 per year. The company requires a minimum pretax return of 12% on all investment projects. Click here to view Exhibit 7B-1 and Exhibit 7B-2 to determine the appropriate discount factor(s) using the tables provided. The net present value of the proposed project is closest to (Ignore income taxes.): (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $(11,700) $(29,886) $(77,514) $(53,700)
Answer:
$(53,700)
Explanation:
The computation of the net present value is given below:
Given that
Initial investment is $270,000
Time period is 5 years
Annual cash flows is $60,000 per year
Discounting rate is 12%
Now the net present value is
Year cash flows discount rate at 12% Present value
1-5 $60,000 3.605 $216,300
Less:
Initial investment $270,000
Net present value ($53,700)
As a bank loan officer, you are considering a loan application by Peak Performance Sporting Goods. The company has provided you with the following information: Cash $ 25,000 Accounts Receivable 45,000 Inventory 140,000 Fixed Assets 190,000 Current Liabilities 70,000 Long-term Liabilities 90,000 Peak Performance's debt to owners' equity ratio (rounded to the nearest tenth of a percent) is:
Answer:
66.7%
Explanation:
Calculation to determine Peak Performance's debt to owners' equity ratio
First step is to calculate the Owner's Equity using this formula
Owner's Equity=Total Assets - Total Liabilities
Where,
Total Assets =$25,000 + $45,000 + $140,000 + $190,000
Total Assets = $400,000
Total Liabilities =$70,000 + $90,000
Total Liabilities=$160,000
Let plug in the formula
Owner's Equity=$400,000-$160,000
Owner's Equity=$240,000
Now let Calculate the debt to owners equity ratio using this formula
Debt to owners equity ratio= Debt [total Liabilities]/Owner's Equity
Let plug in the formula
Debt to owners equity ratio = $160,000/$240,000
Debt to owners equity ratio = 0.667*100
Debt to owners equity ratio= 66.7%
Therefore Peak Performance's debt to owners' equity ratio is 66.7%
Jalissa owns a sandwich shop and wants to expand her business. She has talked to other local shop owners for ideas about how to do this and a few suggested adopting an online presence. How could e-commerce help Jalissa expand her business?
A: It can attract customers from a wider area.
B: It can increase her revenue by allowing her increase prices.
C: It can decrease her security costs.
D: It can eliminate the need for workers in her shop.
Answer: it can attract customers from a wider area.
Explanation:
True or False: Evaluation of a Request for proposal is based solely on price.
Answer:
false.
Explanation:
u help me i help you
This statement is false because there are many factors to be considered except price while evaluating the proposal.
What factors should keep in mind while evaluating a proposal?Evaluation of a proposal measures the progress of the condition between the project started and when the project was completed. To decide how many changes are required to make it successful.
there are many factors to keep in mind while evaluating a proposal are
Price of the projectCustomer review and preferenceThe competitive environmentThe uniqueness of the proposalTherefore this statement is false.
Learn more about the evaluation of the project here:
brainly.com/question/25876712
The Mary Company primarily sells dishes, and recently purchased a cardboard box company. Mary's new cardboard box division has no excess capacity and sells 30,000 boxes to outside customers. The variable cost of each box is $1.50 and usually has a contribution margin of $0.80 per box. Management of Mary's dish division has decided it would like the box division to provide it with boxes. What is the minimum transfer price the box division should find as acceptable
Answer: $1.50
Explanation:
Based on the information given in the question, we are informed that the variable cost of each box is $1.50 and usually has a contribution margin of $0.80 per box.
We should note that the minimum transfer price that the box division should find as acceptable will be the relevant cost. In this case, the relevant cost is given as $1.50 pee box and therefore, the minimum transfer price will be $1.50.
Malone Co. owned 70% of Bernard Corp.'s common stock. During November 2021, Bernard sold merchandise to Malone for $150,000. At December 31, 2021, 40% of this merchandise remained in Malone's inventory. For 2021, gross profit percentages were 25% of sales for Malone and 30% of sales for Bernard. The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is: Multiple Choice $18,000. $45,000. $36,000. $11,250. $14,400.
Answer:
$18,000
Explanation:
Calculation to determine what The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:.
Using this formula
Intra-Entity Gross Profit =(Transfer Price × Percentage of Bernard's GP) × Intra-Entity Transfers Remaining in Ending Inventory
Let plug in the formula
Intra-Entity Gross Profit=($150,000×30% )×40%
Intra-Entity Gross Profit=$45,000×40%
Intra-Entity Gross Profit=$18,000
Therefore The amount of intra-entity gross profit remaining in ending inventory at December 31, 2021 that should be eliminated in the consolidation process is:$18,000
The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 150000 Depreciation on factory building 90000 Total manufacturing overhead $1140000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of
Answer:
$1,350,000
Explanation:
Calculation to determine the total manufacturing overhead costs
First step is to calculate the Variable overhead
Variable overhead= $720,000 + $180,000 +$150,000
Variable overhead=$1,050,000
Second step is to calculate Unitary variable overhead
Unitary variable overhead= $1,050,000/50,000
Unitary variable overhead= 21
Now let calculate the total manufacturing overhead costs
For 60,000 units:
Total Manufacturing Overhead Costs = 21*60,000 + 90,000
Total Manufacturing Overhead Costs= $1,350,000
Therefore the total manufacturing overhead costs is $1,350,000
On December 1, Year 1, Childe Company purchased $100,000 of bonds issued by Paperman Company at face value. The bonds mature in ten years. Childe’s intent was to keep the bonds available to sell when cash needs arise in future years. The fair value of those bonds increased to $102,000 on December 31, Year 1. Which of the following statements are correct with regards to this investment? (Select all that apply.) Check All That Apply The bonds should be reported among assets in the balance sheet at December 31, Year 1. The bonds should be reported among assets in the balance sheet at December 31, Year 1. The bonds should be reported at their fair value of $102,000 in the balance sheet. The bonds should be reported at their fair value of $102,000 in the balance sheet. An unrealized holding gain of $2,000 should be included in net income for Year 1. An unrealized holding gain of $2,000 should be included in net income for Year 1. An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.
Answer: A- The bonds should be reported among assets in the balance sheet at December 31, Year 1.
B- The bonds should be reported at their fair value of $102,000 in the balance sheet.
D- An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.
Explanation:
Bombeck Inc. has the following transactions during August of the current year. Indicate (a) the effect on the accounting equation and (b) the debit-credit analysis. Aug. 1 Opens an office as a financial advisor, investing $5,000 in cash in exchange for common stock. 4 Pays insurance in advance for 6 months, $1,800 cash. 16 Receives $1,900 from clients for services performed. 27 Pays secretary $1,000 salary.
Answer: Please see answers in explanation column
Explanation:
Date Accounts titles and explanation Debit Credit
Aug 1 Cash $5000
Common Stock $5000
--Since this is an investment by the owner of the business . When the business is gaining cash, it is being debited as it is an asset which is always debited with increase. Also there will be an increase in the owner's Equity Account leading to crediting the Common stock (equity) account.
Date Accounts titles and explanation Debit Credit
Aug 4 Prepaid Insurance $1800
Cash $1800
--The insurance paid in 6 months advance is an asset for the business. As stated above when asset increases, it is debited in the account journal So, prepaid insurance account is being debited . Also,since cash is being reduced as it is used for payment for insurance, it is credited in the accounts journal.
Date Accounts titles and explanation Debit Credit
Aug 16 Cash $1,900
Service Revenue $1,900
--The amount of $1,800 is the revenue for service rendered and since it is an equity account which increased revenue, we credit it. Also, since cash is being received, because it is an asset, debit is recorded on the cash account.
Date Accounts titles and explanation Debit Credit
Aug 27 Salary Expense $1000
Cash $1000
--Payment of salary is an expense to any business and paid from the business Cash Account causing a decrease in the Cash, since Cash is referred to an asset , because of its decrease, we credit the Cash Account. Also, the salary expense account is debited because it is increasing
discuss the nature of COIDA
Answer:
please give me brainlist and follow
Explanation:
The main objective of the COIDA is to facilitate a process which provides for payment of medical treatment and compensation for disablement caused by occupational injuries and diseases sustained by employees in the course of their employment, or for death resulting from such injuries or diseases;
For a cheese-lover, Burger King's Mac n' Cheetos are what type of product? (1pt)
Answer:
specialty product
Explanation:
For a cheese-lover, this product would be considered a specialty product. This is because they will actively seek out this product specifically because they love the ingredient/flavor of the product. For someone that loves cheese, products that are cheese flavored or contain cheese will be prioritized above all of the other products that do not contain cheese. This ultimately classifies the product as a specialty product because it is being sought after, even with other options around.
SOMEONE PLEASE HELP I WILL GIVE BRAINLIEST
Answer:
Can you paste it?
Explanation:
In a college-level course, Mrs. Smith gives the lectures, sets the due dates, and is the expert on the material. Mr. Doe helps grade papers, offers tutoring sessions for the students, and attends the lectures. Which best describes the two instructors?
Mrs. Smith is a postsecondary teacher, and Mr. Doe is a teaching assistant.
Mr. Doe is a postsecondary teacher, and Mrs.Smith is a teaching assistant.
Mrs. Smith is a high school teacher, and Mr. Doe is a teaching assistant.
Mr. Doe is a high school teacher, and Mrs. Smith is a teaching assistant.
Answer:
Mrs. Smith is a postsecondary teacher, and Mr. Doe is a teaching assistant.
Explanation:
Mrs. Smith gives the lectures, sets the due dates, and is an expert on the material of a "college-level course", therefore, she has to be a postsecondary teacher, as the teacher is responsible for giving the lectures, and has to be an expert on the material.
Mr. Doe helps grade papers, offers tutoring sessions for the students, and attends the lectures. From my experience and the phrase "helps grade papers" rather than just "grades the papers", we can conclude that Mr. Doe is the teaching assistant.
Answer:
A
Explanation:
Break-Even Sales Currently, the unit selling price of a product is $1,350, the unit variable cost is $900, and the total fixed costs are $810,000. A proposal is being evaluated to increase the unit selling price to $1,400. a. Compute the current break-even sales (units). fill in the blank 1 units b. Compute the anticipated break-even sales (units), assuming that the unit selling price is increased and all costs remain constant.
Answer:
(A). 1,800 units
(B). 1,620 units
Explanation:
(A). We can calculate the break-even sales by using following formula,
Current break-even sale (Unit) = Fixed cost ÷ Contribution margin/unit
Where, Fixed cost = $810,000
Contribution margin/unit = Unit sell price - Unit variable cost
= $1,350 - $900 = $450
By putting the above value in the formula, we get
Current break-even sale (Unit) = $810,000 ÷ $450
= 1,800units
(B). Similarly, we can calculate the anticipated break-even sales by using following formula:
Anticipated break-even sale(Unit) = Fixed cost ÷ Contribution margin/unit
Where, Fixed cost = $810,000
Contribution margin/unit = Unit sell price - Unit variable cost
= $1,400 - $900 = $500
By putting the above value in the formula, we get
Anticipated break-even sale(Unit) = $810,000 ÷ $500
= 1,620units
A graphical view of balanced-budget fiscal policy Suppose the government enacts a "balanced budget" change in fiscal policy by increasing spending and raising taxes. Assume the tax increase affects both consumption and production spending. Use the slides in following exhibit to preview potential effects of this policy on aggregate supply (AS), aggregate demand (AD), and the market equilibrium (E) when the initial curves and equilibrium are given by AS1, AD1, and E1, respectively. Initial View View 1 View 2 View 3View View 5 PRICE LEVEL REAL GDP AD 1 AS 1 E 1 The total effect of the change in spending and taxation is best represented by . True or False: According to the principle of Ricardian equivalence, the effect of increased government spending on aggregate demand would be smaller if it were financed through borrowing instead of taxation. True False
Answer:
joj
Explanation:
ojooj
20) Although sounding contradictory, some firms see great benefit to orienting operations that simultaneously focus efforts on ensuring local responsiveness, aggressively reducing operational costs, and systematically transferring ideas and innovations among subsidiaries. Companies following this approach are considered to be following a(n) ________ strategy. multidomestic transnational international global
Answer:
transnational
Explanation:
A business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.
A transnational strategy can be defined as a set of planned actions through which a company focuses on establishing other branches in foreign markets. Thus, there exist some level of centralization, cooperation and interdependence between its headquarter, branches, subsidiaries and retail stores.
This ultimately implies that, a transnational strategy simply involves companies adopting the following approach;
I. Focusing efforts on ensuring local responsiveness.
II. Aggressively reducing operational costs.
III. Systematically transferring ideas and innovations among subsidiaries.
Hence, companies following the aforementioned approach are considered to be following a transnational strategy.
Bramble Corp. makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $0.60 $ 6000 Shipping 1.20 Advertising 0.30 Executive salaries 39000 Depreciation on office equipment 7200 Other 0.35 24000 Expenses are paid in the month incurred. If the company has budgeted to sell 6000 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October
Answer:
$93,840
Explanation:
Calculation to determine how much is the total budgeted variable selling and administrative expenses for October
October Total budgeted variable selling and administrative expenses=
(0.6 + 1.2 + 0.3 + 0.35) x 7200 +6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=2.45x 7200 +6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=$17,640+6000 + 39,000 + 7,200 + 24,000
October Total budgeted variable selling and administrative expenses=$93,840
Therefore the total budgeted variable selling and administrative expenses for October is $93,840
Sheffield Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Sheffield Corporation's anticipated annual volume of 524,000 units. Per Unit Total Direct materials $ 6 Direct labor $11 Variable manufacturing overhead $17 Fixed manufacturing overhead $3,144,000 Variable selling and administrative expenses $17 Fixed selling and administrative expenses $1,572,000 The company has a desired ROI of 25%. It has invested assets of $31,440,000. Compute the total cost per unit. Total cost per unit $enter the total cost per unit
Answer:
Total cost per unit using absorption costing = $34
Explanation:
Absorption costing is method of costing where overheads are charged to units produced using volume-based bases. e.g machine hours, labour hours e.t.c. Units are valued using full cost per unit
Full cost per unit= Direct material cost + direct labor cost + Variable production overhead + Fixed production overhead
Fixed production overhead = Budgeted overhead/Budgeted production units
unit cost for 2,000 units
Fixed production overhead = $3,144,000/524,000= 6
Total cost = 6 + 11+ 17 = 34
Total cost per unit using absorption costing = $34