Answer:
18 days
Explanation:
first we must determine the economic order quantity:
EOQ = √[(2 x S x D) / H]
S = order cost = $600D = annual demand = 2,000H = holding cost = $225EOQ = √[(2 x 600 x 2,000) / 225] = 103.28 units ≈ 103 units
total number of orders = 2,000 / 103 = 19.4175
Time between orders = working days per year / total number of orders = 365 / 19.4175 = 18.7975 days
since the company's policy is to never run out of stock, then we should round down the time between orders to 18 days. If we round up to 19 days (which is much closer actually), the risk of an stock out exists.
Which of the following statements about the below paraphrase is correct?
Paraphrase: After the training, fourteen students could tell the difference between viral and bacterial infections, while only two could not. This result was better than prior experiments (Gray 52).
a. The author's name is not cited.
b. Wording and sentence structure follow the source too closely.
c. The paraphrase skews the meaning intended by the author of the original document.
Answer:
B.
Explanation:
The original text of the given paraphrase is taken from an article written by Omar Gray found on page 52.
The statement which is correct about the given paraphrase is that the wordings and sentence structure is very much similar to the original text.
Paraphrasing means to summarize something in your own words, using different wordings.
But in the given case, the writer has used the wordings and sentence structures that resembles the original text, though the writer did rephrased wordings of the second sentence, yet first half of the sentence is not paraphrased.
Thus the correct answer is option B.
As of December 31, 2021, Cady Construction has one construction job for which the construction in prog-ress (CIP) account has a balance of $20,000 and the billings on construction contract account has a balance of $14,000. Cady has another construction job for which the construction in progress account has a balance of $3,000 and the billings on construction contract account has a balance of $5,000. Indicate the amount of contract asset and/or contract liability that Cady would show in its December 31, 2021, balance
Answer:
According to "AS 7 - Construction Contracts",Gross amounts receivable / payable from / by customers should be recognized as contract asset / liability in the balance sheet.
For the first job, construction work in progress is greater than the bills raised. Hence there exists contract asset.
Contract asset = Cost incurred - Billing done
= $20,000 - $14,000
= $6,000
For the second job, construction in progress is less than the bills raised. Hence there exists contract liability.
Contract liability = Bills raised - Cost incurred
= $5,000 - $3,000
= $2,000
Hence, Contract asset = $6000 , Contract Liability = $2000
When Sony released the PlayStation 4, it was reported that Sony was taking a loss of $60 on every PS4. However, Sony expected to make this up with sales of PS subscriptions and increased royalties from video games. Use the interdependence principle to help explain this strategy.
The PS subscriptions allow PS4 owners to play their games online, receive new games monthly to download at no charge, and receive additional special discounts on other items. Therefore, the PS4 and PS subscriptions are _________ in consumption. Decreasing the price of the PS4 will the demand for PS subscriptions. Sony expects that revenue from recurring PS4 _________ will be larger than the loss in revenue from PS4 sales.
Answer: Complimentary; Increase
Explanation:
Therefore, the PS4 and PS subscriptions are complimentary in consumption. Decreasing the price of the PS4 will increase the demand for PS subscriptions. Sony expects that revenue from recurring PS4 will be larger than the loss in revenue from PS4 sales.
When goods are said to be complimentary it means that they are used along with each other. Like coffee and sugar. The PS4 and and the PS subscriptions are complimentary because owners of the PS4 use the PS subscriptions to play online.
By reducing the price of the PS4, more people will be able to buy it and then will have to make PS subscriptions so that they can play the PS4s thereby giving Sony revenue which might be higher than the amount they lost by reducing the PS4 price.
Prepare journal entries for the following transactions.
Aug. 4 Sold merchandise on account to S. Miller for $320 plus sales tax of 4%, with 2/10, n/30 cash discount terms.
6 Sold merchandise on account to K. Krtek for $210 plus sales tax of 4%.
10 S. Miller returned merchandise purchased on August 4 for $20 plus sales tax for credit.
13 S. Miller paid the balance due on her account.
15 K. Krtek returned merchandise purchased on August 6 for $40 plus sales tax for credit.
20 K. Krtek paid the balance due on his account.
Answer:
General Journal Entries:
August 4:
Debit Accounts Receivable (S. Miller) $332.80
Credit Sales Tax Payable $12.80
Credit Sales Revenue $320
To record the sale of goods on account, plus sales tax of 4% with 2/10, n/30 cash discount terms.
August 6:
Debit Accounts Receivable (K.Krtek) $218.40
Credit Sales Tax Payable $8.40
Credit Sales Revenue $210
To record the sale on account plus sales tax of 4%.
August 10:
Debit Sales Returns $20
Debit Sales Tax Payable $0.80
Credit Accounts Receivable (S. Miller) $20.80
To record the record of merchandise on account.
August 13:
Debit Cash Account $306
Debit Cash Discount $6
Credit Accounts Receivable (S. Miller) $312
To record receipt of cash from S. Miller.
August 15:
Debit Sales Returns $40
Debit Sales Tax Payable $1.60
Credit Accounts Receivable (K. Krtek) $41.60
To record the return of goods.
August 20:
Debit Cash Account $176.80
Credit Accounts Receivable (K. Krtek) $176.80
To record the receipt of cash on account.
Explanation:
The general journal entries are made to record the business transaction as they occur on a daily basis. The accounts involved in each transaction are identified and one account is debited and the other credited accordingly.
How much would it cost for Chester Corporation to repurchase all its outstanding shares if new brokerage fees totaled 1% of the underlying transaction?
Select: 1
$85.3 million
$76.4 million
$83.7 million
$78.0 million
Answer:
$78.0 million
Explanation:
Cost of repurchase = Number of shares*Share price/(1-1%)
Cost of repurchase = $3,352,720 * $23.02/(1-1%)
Cost of repurchase = $3,352,720 * $23.02/(1 - 0.01)
Cost of repurchase = $3,352,720 * $23.02/0.99
Cost of repurchase = $3,352,720 * $23.25
Cost of repurchase = $ 77,950,740
Cost of repurchase = $78.0 million
The corporation would cost $78.0 million to repurchase all its shares back from the market.
The new brokerage fees are given as 1% of the transaction. The cost of purchase would be derived out of the given formula:
[tex]c= \frac{n*Sp}{1-1 percent} \\=\frac{3,352,720 * 23.02}{1 - 0.01} \\=78.0[/tex]
Here, c is the repurchase cost, n is the number of shares, and Sp is the share price. Finally, the repurchase cost is computed as $78 million.
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Southern California Publishing Company is trying to decide whether to revise its popular textbook, Financial Psychoanalysis Made Simple. The company has estimated that the revision will cost $65,000. Cash flows from increased sales will be $20,000 the first year. These cash flows will increase by 3 percent per year. The book will go out of print four years from now. Assume that the initial cost is paid now and revenues are received at the end of each year. If the company requires a return of 8 percent for such an investment, calculate the present value of the cash inflows of the project.
Answer:
Present value of the cash inflow= $69,086.97
Explanation:
An annuity is a series of annual cash outflows or inflows which payable or receivable for a certain number of periods. If the annual cash flow is expected to increase by a certain percentage yearly, it is called a growing annuity.
To work out the the present value of a growing annuity, we use the formula:
PV = A/(r-g) × (1- (1+g/1+r)^n)
A- annual cash flow - 20,000
r- rate of return - 8%
g- growth rate - 3%
n- number of years- 4
I will break out the formula into two parts to make the workings very clear to follow. So applying this formula, we can work out the present value of the growing annuity (winnings) as follows.
A/(r-g) = 20,000/(0.08-0.03) = $400,000
(1- (1+g/1+r)^n) = 1 -(1.03/1.08)^4 =0.17271
PV = A/(r-g) × (1- (1+g/1+r)^n) =400,000 × 0.17271 =69,086.97
Present value of the cash inflow = $69,086.97
Last month, Bergen Incorporated’s Fabrication Department had 5,800 units in beginning work in process inventory that were 70% complete. These units had $24,012 of materials cost and $24,766 of conversion cost. All materials are added at the beginning of the process and conversion costs are added uniformly throughout the process. Over the course of the month, 12,200 units were completed and transferred to Finished Goods Inventory. At the end of the month, there were 4,900 units that were 60% complete in ending work in process inventory. The unit materials cost was $5.00 and the unit conversion cost was $4.00 for the month. What was the total cost for units started into production during the month?
Answer: Option D $97,282 is correct
Explanation:
Materials Conversion
Units completed and transferred 12200 12200
Ending work in process 4900 2940 =4900*60%
Equivalent units 17100 15140
Materials Conversion Total
Equivalent units 17100 15140
X Cost per Equivalent unit 5.00 4.00
Total costs 85500 60560 146060
Total costs 146060
Less: Cost of beginning work in process 48778 =24012+24766
Cost of units started into production 97282
What are some different demographic segmentations Amazon can identify to understand customer behavior?
Answer:
According to Amazon, the demographics report “shows Brand Owners the breakdown of their Amazon customers (in aggregate) by age, household income, education, gender, and marital status.
hope this helps <3
Sun Devil Hair Design has the following transactions during the month of February.(1) February 2 Pay $700 for radio advertising for February.(2) February 7 Purchase beauty supplies of $1,300 on account.(3) February 14 Provide beauty services of $2,900 to customers and receive cash.(4) February 15 Pay employee salaries for the current month of $900.(5) February 25 Provide beauty services of $1,000 to customers on account.(6) February 28 Pay utility bill for the current month of $300.Records each transaction
Answer:
Sun Devil Hair Design
Journal Entries:
February 2:
Debit Advertising Expense $700
Credit Cash Account $700
To record the payment for advertising for the month of February.
February 7:
Debit Supplies $1,300
Credit Accounts Payable $1,300
To record the purchase of supplies on account.
February 14:
Debit Cash Account $2,900
Credit Service Revenue $2,900
To record the provision of beauty services to customers for cash.
February 15:
Debit Salaries Expense $900
Credit Cash Account $900
To record the payment of employee salaries for the month.
February 25:
Debit Accounts Receivable $1,000
Credit Service Revenue $1,000
To record the provision of beauty services on account.
February 28:
Debit Utility Expense $300
Credit Cash Account $300
To record the payment of utility bill.
Explanation:
Sun Devil Hair Design uses the general journal to record the its daily business transactions. The entries are made to reflect the accounting equation of Assets being equal to Liabilities + Equity at all times. When entering transactions in the general journal, the first step is to identify the accounts that are affected by each transaction. The account to be debited is recorded first followed by the account to be credited. Note that more than two accounts can be involved. However, with the double entry system of accounting, the accounting equation is always in balance.
A certificate of ownership in a corporation is called
For 2019, Gourmet Kitchen Products reported $21 million of sales and $17 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 10% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2019? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Answer:$1,500,000
Explanation:
Economic value added (EVA) can be calculated as:
Net operating profit after taxes - The Invested capital × The cost of capital
Slotting the values into the above formula will be:
= ($21,000,000 - $17,000,000) × (1 - 25%) - ($15,000,000 × 10%)
= $4,000,000 × 75% - ($15,000,000 × 0.1)
= ($4,000,000 × 0.75) - $1,500,000
= $3,000,000 - $1,500,000
= $1,500,000
Therefore, the firm's economic value added (EVA) is $1,500,000.
Month Income Price Coke Price Pepsi Q^D Coke Q^D Pepsi
Jan 300 2.40 2.40 14 10
Feb 300 3.00 2.40 10 14
Mar 500 2.40 2.40 20 14
Apr 300 3.00 1.20 8 16
Calculate the e D of coke and Income Elasticity Demand of Coke using the midpoint method. Hint: We need to be careful about the data we choose to calculate these. To calculate e D we need a change in price of Coke and quantity demanded for Coke but we need everything else that affects the demand to remain the same. Similarly, to calculate Income Elasticity Demand of coke, need two months such that there is a change in income, but no other changes.
(a) Price Elasticity of Demand (e D) of coke.
i) What are the two months you pick? Why?
ii) Calculate eD of coke.
(b) Income Elasticity of Demand (IED) of Coke.
i) What are the two months you pick? Why?
ii) Calculate IED of coke
Answer:
midpoint method for income elasticity of demand = {ΔQD / [(QD₀ + QD₁)/2]} / {ΔI / [(I₀ + I₁)/2]}
midpoint method for price elasticity of demand = {ΔQD / [(QD₀ + QD₁)/2]} / {ΔP / [(P₀ + P₁)/2]}
a) I will use the information from January and February to calculate the price elasticity of demand of Coke. I cannot use March instead of January because income increased during that month.
QD₀ = 14
QD₁ = 10
P₀ = 2.40
P₁ = 3
PED = {(10 - 14) / [(14 + 10)/2]} / {(3 - 2.4) / [(3 + 2.4)/2]}
PED = {-4 / 12} / {0.6 / 2.7} = -0.3333 / 0.2222 = -1.5 or |1.5| in absolute terms
Coke's PED is elastic since a 1% change in price will result in a larger proportional change in the quantity demanded.
b) I will use the information from January and March to calculate the income elasticity of demand of Coke. These are the two months where income changes but price of Coke remains the same.
QD₀ = 14
QD₁ = 20
I₀ = 300
I₁ = 500
PED = {(20 - 14) / [(14 + 20)/2]} / {(500 - 300) / [(300 + 500)/2]}
PED = {6 / 17} / {200 / 400} = 0.3529 / 0.5 = 0.71
Coke's IED is positive, therefore, Coke is a normal good.
The management of Firebolt Industries Inc. manufactures gasoline and diesel engines through two production departments, Fabrication and Assembly. Management needs accurate product cost information in order to guide product strategy. Presently, the company uses a single plantwide factory overhead rate for allocating factory overhead to the two products. However, management is considering the multiple production department factory overhead rate method. The following factory overhead was budgeted for Firebolt:
Question not attempted.
1. Fabrication Department factory overhead $550,000.00
2. Assembly Department factory overhead 250,000.00
3. Total $800,000.00
Direct labor hours were estimated as follows:
Fabrication Department 5,000 hours
Assembly Department 5,000
Total 10,000 hours
In addition, the direct labor hours (dlh) used to produce a unit of each product in each department were determined from engineering records, as follows:
Production Departments Gasoline Engine Diesel Engine
Fabrication Department 3.0 dlh 2.0 dlh
Assembly Department 2.0 3.0
Direct labor hours per unit 5.0 dlh 5.0 dlh
A) Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the single plantwide factory overhead rate method, using direct labor hours as the activity base
A measure of activity that is related to changes in cost. Used in analyzing and classifying cost behavior. Activity bases are also used in the denominator in calculating the predetermined factory overhead rate to assign overhead costs to cost objects.
Gasoline engine $_________ per unit
Diesel engine $_________ per unit
B) Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the multiple production department factory overhead rate method, using direct labor hours as the activity base for each department.
Gasoline engine $_________ per unit
Diesel engine $_________ per unit
Answer:
A. Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the single plantwide factory overhead rate method, using direct labor hours as the activity base
Per Unit Overhead Cost for Gasoline engine;
= No. of Direct Labor Hours per Unit * Overhead Rate per Hour
Overhead Rate per hour = Total overhead cost/ Total direct labor hours
= 800,000/10,000
= $80 per hour
Per Unit Overhead Cost for Gasoline engine;
= 5 * 80
= $400
Per Unit Overhead Cost for Diesel engine;
= No. of Direct Labor Hours per Unit * Overhead Rate per Hour
= 5 * 80
= $400
B. Determine the per-unit factory overhead allocated to the gasoline and diesel engines under the multiple production department factory overhead rate method, using direct labor hours as the activity base for each department.
Gasoline Engine
Per Unit Overhead cost for Gasoline engine under multiple production department factory overhead rate method;
= Overhead Cost under Fabrication Department + Overhead Cost in Assembly Department
Overhead Cost under Fabrication Department = Overhead Rate for Fabrication Department * No. of Direct Labor Hours under Fabrication Department
= (Overhead cost for fab. depart. / No. of direct labor hours for fab. depart.) * No. of Direct Labor Hours engine is in Fabrication Department
= (550,000/5,000) * 3
= $330
Overhead Cost under Assembly Department = Overhead Rate for Assembly Department * No. of Direct Labor Hours in Assembly Department
= (Overhead cost for assembly. depart. / No. of direct labor hours for fab. depart.) * No. of Direct Labor Hours engine is in assembly Department..
= (250,000/5,000) * 2
= $100
Per Unit Overhead cost for Gasoline engine under multiple production department factory overhead rate method = 330 + 100
= $430
Diesel Engine
Per Unit Overhead cost for Diesel engine under multiple production department factory overhead rate method;
= Overhead Cost under Fabrication Department + Overhead Cost in Assembly Department
Overhead Cost under Fabrication Department = Overhead Rate for Fabrication Department * No. of Direct Labor Hours under Fabrication Department
= (Overhead cost for fab. depart. / No. of direct labor hours for fab. depart.) * No. of Direct Labor Hours engine is in Fabrication Department
= (550,000/5,000) * 2
= $220
Overhead Cost under Assembly Department = Overhead Rate for Assembly Department * No. of Direct Labor Hours in Assembly Department
= (Overhead cost for assembly. depart. / No. of direct labor hours for fab. depart.) * No. of Direct Labor Hours engine is in assembly Department..
= (250,000/5,000) * 3
= $150
Per Unit Overhead cost for Gasoline engine under multiple production department factory overhead rate method = 330 + 100
= $370
Which of the following is not included in the typical pattern of behavior for a poverty-stricken person?
a.
higher crime rate
c.
higher standard of living
b.
higher divorce rate
d.
higher chance of being a victim of crime
Answer:
its c
Explanation:
got it right on edge
A person is poverty-stricken if they are considered to be very poor. A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.
Who is poverty-stricken poverty?A poverty-stricken person suffers from the effects of extreme poverty: Some beggars are impoverished and homeless.
There are few jobs for farmers who have moved to cities from poverty-stricken areas in search of work.
It is characterized by excessive indulgence, low self-regulation, exploitation of others, and limited motivation and effort.
Therefore, Option B is the correct answer that is a higher standard of living is not a typical pattern of behavior for a poverty-stricken person.
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William Brown, the CFO of Oriole Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $311,300, retained earnings of $512,159, inventory of $213,100, goodwill and other assets equal to $78,656, net plant and equipment of $710,100, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Oriole Automotive have?
Answer:
$169,521
Explanation:
The computation of long-term debt is shown below:-
Total asset = Cash + Inventory + Goodwill + Net plant and equipment + Receivables + Current assets
= $23,015 + $213,100 + $78,656 + $710,100 + $141,258 + $11,223
= $1,177,352
Long-term debt = Total asset - Account payable - Common stock - Retained earnings - Short term notes
= $1,177,352 - $163,257 - $311,300 - $512,159 - $21,115
= $169,521
Hence, we have applied the above formula for determining the long term debt.
FIND HIM i have big reward also or you can add me king1ev151 and/or king1ev15 (roblox)
Answer:
ight imma head out w/ my cuffz
Explanation:
Answer:
ok i will add you
Explanation:
Dinklage Corp. has 7 million shares of common stock outstanding. The current share price is $68, and the book value per share is $8. The company also has two bond issues outstanding. The first bond issue has a face value of $70 million, a coupon rate of 6 percent, and sells for 97 percent of par. The second issue has a face value of $40 million, a coupon rate of 6.5 percent, and sells for 108 percent of par. The first issue matures in 21 years, the second in 6 years. Both bonds make semiannual payments.a. What are the company's capital structure weights on a book value basis?b. What are the company's capital structure weights on a market value basis?
Answer:
a) book value weights:
equity = 33.73%debt = 66.27%b) market value weights:
equity = 81.08%debt = 18.92%Explanation:
total shares outstanding 7,000,000
market price $68 x 7,000,000 = $476,000,000
book price $8 x 7,000,000 = $56,000,000
bond 1:
book value = $70,000,000
market value = $67,900,000
bond 2:
book value = $40,000,000
market value = $43,200,000
total book value = $56 + $70 + $40 = $166,000,000
equity = $56 / $166 = 33.73%
debt = 66.27%
total market value = $476 + $67.9 + $43.2 = $587,100,000
equity = $476 / $587.1 = 81.08%
debt = 18.92%
Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized below: Job Number:1478 Date Started: 4/07/20x8 Date Completed: 4/22/20x8 Description:Cherry kitchen cabinets AppliedDirect MaterialsDirect LaborManufacturing OverheadReq. NoAmountTicketHours AmountHoursRateAmount385$300 12816 $288 391 225 13023 426 395 150 13312 264 401 215 Total$890 Total51 $978 Cost Summary Direct Material Cost$890 Direct Labor Cost 978 Applied Manufacturing Overhead ? Total Cost ? Green Cabinets applies overhead to jobs at a rate of $12 per direct laborasked Sep 15, 2019 in Business by Jaanesblondehour.
a. How much overhead would be applied to Job #1478?
b. What is the total cost of Job #1478?c. What will be an ideal response?
Answer:
a. $612
b. $2,480
Explanation:
a. Overhead is applied at a rate of $12 per direct labor hour.
Overhead applied would therefore be;
= 12 * total labor hours
= 12 * 51
= $612
b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead
= 978 + 890 + 612
= $2,480
Using the worksheet you completed in Part 1, revise the given year end information with the following values and then answer the questions below:
Select year end company accounts and additional information:
Account Name Account Balance Account Name Account Balance
Supplies $13,500 Service revenue $146,200
Interest receivable 0 Interest revenue 0
Salaries payable 0 Supplies expense 0
Deferred revenue 8,100 Salaries expense 65,300
1. Supplies remaining at the end of the year. $ 5,100
2. Services remaining to be provided to customers who paid in advance. 2,500
3. Employees are owed additional salaries at the end of the year. 6,200
4. A note receivable was accepted on March 31. 6,600 Interest rate on note 8 %
Required: Prepare the adjusting journal entries based on the results of your revised spreadsheet.
Answer:
Adjusting Journal Entries:
1. Debit Supplies Expense $8,400
Credit Supplies $8,400
To adjust for supplies expenses for the year.
2. Debit Deferred Revenue $5,600
Credit Service Revenue $5,600
To adjust for services provided to customers.
3. Debit Salaries Expense $6,200
Credit Salaries Payable $6,200
To adjust for unpaid salaries at the end of the year.
4. Debit Interest Receivable $396
Credit Interest Revenue $396
To adjust for unreceived interest due for 9 months.
Explanation:
a) Data and Calculations:
Supplies = $13,500
Service revenue = $151,800 ($146,200 + 5,600)
Interest receivable = $396
Interest revenue = $396
Salaries payable = $6,200
Supplies expense = $8,400 ($13,500 - $5,100)
Deferred revenue = 2,500 ($8,100 - 5,600)
Salaries expense = 71,500 (65,300 + 6,200)
b) Interest Revenue is computed at 8% of $6,600 for 9 months only. This results to $396 ($6,600 * 8% * 9/12).
If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be most helpful?
A. Balance sheet
B. Income statement
C. Statement of owners' equity
D. Cash flow statement
Answer:
D. Cash flow statement.
Explanation:
I took the test and that was the right answer
If you wanted to make sure a company has enough money available to pay its bills, Cash flow statement would be most helpful. The correct option is (D).
What do you mean by the Cash flow statement?The cash flow statement lets you keep track of incoming and departing cash by displaying the source of that money. An organization's operational, investment, and financial operations all generate cash flow.
A cash flow statement's goal is to give a thorough account of what happened to a company's cash over a given time period, also referred to as the accounting period.
Based on how much money is coming in and going out of the company, it shows the organization's capacity to run both short- and long-term.
Therefore, if you wanted to make sure a company has enough money available to pay its bills, Cash flow statement would be most helpful.
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A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $25 per hour per employee. Each employee identifies an average of 3,000 potential leads a week from a list of 5,000. An average of 4 percent of potential leads actually sign up for the service, paying a one-time fee of $70. Material costs are $1,000 per week, and overhead costs are $9,000 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.) Multifactor productivity
Answer:
1.938/lead
Explanation:
To calculate multifactor productivity we need to divide total output by total input. To find total output and total input we need to go through some minor workings as shown below.
DATA
Number of employees = 3
Total hours worked = 40
Hourly rate = 25/hr
Material cost = 1000/week
Overhead cost = 9000/week
[tex]multifactor productivity = \frac{Out put}{In put}[/tex]
[tex]multifactor productivity = \frac{25,200}{13,000}[/tex]
[tex]multifactor productivity = 1.938/lead[/tex]
INPUT
Total Inputs = labor cost + Material cost + Overhead cost
Total inputs = 3000 + 1000 + 9000
Total inputs = $13,000
working
Total labor cost = No. of labor x no. of hours worked x hourly rate
Total labor cost = 3 x 40 x 25
Total labor cost = $3000
OUTPUT
Total output = No. of leads x subscription fee
Total output = 360 x 70
Total Output = $25,200
working
Average potential lead = 3000
Total potential lead =3 x 3000 = 9000
Actual signup lead = 4% of 9000 = 360
Subscription fee per lead = 70
Edelman Engines has $14 billion in total assets — of which cash and equivalents total $120 million. Its balance sheet shows $2.1 billion in current liabilities — of which the notes payable balance totals $1.08 billion. The firm also has $7.7 billion in long-term debt and $4.2 billion in common equity. It has 300 million shares of common stock outstanding, and its stock price is $37 per share. The firm's EBITDA totals $1.554 billion. Assume the firm's debt is priced at par, so the market value of its debt equals its book value. What are Edelman's market/book and its EV/EBITDA ratios? Do not round intermediate calculations. Round your answers to two decimal places.
Answer:
Market/book= 2.6428 times
EV/EBITDA= 13.37 times
Explanation:
Edelman engines have $4.2 billion in common equity
The common stock outstanding is 300 million
The share price is $37
The first step is to calculate the market value
= Common stock outstanding × share price
=300,000,000 × $37
= $11,100,000,000
Therefore the Edelman's market/book can be calculated as follows
= 11,100,000,000/4,200,000,000
= 2.6428 times
The EV can be calculated as follows
= Market value of equity + Total debt-cash and cash equivalent
= $11,100,000,000+ $7,700,000,000 + $2,100,000,000-0.120000000
= $20.78 billion
EBITDA = $1.554 billion
Therefore the EV/EBITDA can be calculated as follows
$20.78 billion/1.554 billion
= 13.37 times
The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $6.00 a box. The lettuce is sold for $18.00 a box and the dealer that sells old lettuce is willing to pay $3.60 a box. Past history says that tomorrow's demand for lettuce averages 254 boxes with a standard deviation of 37 boxes. How many boxes of lettuce should the supermarket purchase tomorrow
Answer:
The appropriate answer will be "289 boxes".
Explanation:
The given values are:
Cost
= $6
Sales price
= $18
Salvage price
= $3.60
Average daily demand (d)
= 254 boxes
Standard deviation ([tex]\sigma d[/tex])
= 37 boxes
Now,
Overage of cost will be:
⇒ [tex]Co=Cost-Salvage \ price[/tex]
[tex]= 6-3.60[/tex]
[tex]=2.4[/tex] ($)
Underage of cost will be:
⇒ [tex]Cu=Price-cost[/tex]
[tex]=18-6[/tex]
[tex]=12[/tex] ($)
⇒ Service Level = [tex]\frac{Cu}{Cu+Co}[/tex]
On substituting the given values in the above formula, we get
= [tex]\frac{12}{12+2.4}[/tex]
= [tex]0.83 \ i.e.,\ 83 \ Percent[/tex]
The service level value of Z at 83% is = 0.954
⇒ Order quantity = [tex]d+(Z\times \sigma d)[/tex]
= [tex]254+(0.954\times 37)[/tex]
= [tex]289.298 \ OR \ 289 \ boxes[/tex]
The Corner Store currently has $3,600 in cash. The company owes $31,800 to suppliers for merchandise and $21,500 to the bank for a long-term loan. Customers owe The Corner Store $19,000 for their purchases. The inventory has a book value of $53,300 and an estimated market value of $71,200. If the store compiled a balance sheet as of today, what would be the book value of the current assets? A. $46,800 B. $55,600 C. $64,700 D. $75,900 E. $96,500
Answer:
The answer is "Option D".
Explanation:
The formula for current assets:
[tex]\text{current assets= cash + receivables + inventory}[/tex]
[tex]= 3600 + 19,000+53,300\\\\= 75900[/tex]
your company will need a business plan in order to do what?
A. Increase revenue.
B. Identify an opportunity.
C. Pay taxes.
D. Get funding.
Answer: D. Get Funding
Explantion: You company will need a business plant in order to get funding because you'd need to present your investors with the future of your business and what it's there to do. I also happened to take the assessment and it was marked correctly.
I hope this helped!
Good luck <3
Your company will need a business plan in order to get funding. Hence, the correct answer is option D.
What is a business plan?A business plan is a formal document that outlines a company's goals, strategies, and projected outcomes. One of the primary reasons for creating a business plan is to secure funding from investors or financial institutions. By presenting a well-written and comprehensive business plan, a company can demonstrate its viability and potential for success, which can increase its chances of obtaining the necessary funding to start or grow the business.
While a business plan can help a company increase revenue and identify opportunities, those outcomes are not the primary purpose of a business plan. Paying taxes is a legal requirement for all companies, but a business plan is not directly related to tax obligations.
Therefore, a company will need a business plan in order to get funding. Hence, the correct answer is option D.
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Engberg Company installs lawn sod in home yards. The company’s most recent monthly contribution format income statement follows: Amount Percent of Sales Sales $ 126,000 100 % Variable expenses 50,400 40 % Contribution margin 75,600 60 % Fixed expenses 23,000 Net operating income $ 52,600 Required: 1. What is the company’s degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 27% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 27% increase in unit sales.
Answer:
See answer below
Explanation:
1. Degree of operating leverage
Selling price $126,000
Variable cost $50,400
Contribution margin $75,600
Fixed cost $23,000
Net operating income $52,600
Degree of operating leverage = Contribution margin / operating income = $75,600 / $52,600
= 1.44
Molin Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year S638,750 35,000 direct labor-hours Results of operations: 40,000 direct labor-hours Actual direct labor-hours Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred $166,000 $595,000 $1,570,000 Cost of goods sold (unadjusted)
Required
a. What is the total amount of manufacturing overhead applied to production during the year?
b. Is manufacturing overhead overapplied or underapplied for the year? By how much?
c. What is the adjusted cost of goods sold for the year?
Answer:
A. 730,000
B. 31,000
C. 1,601,000
Explanation:
We can calculate the total amount of manufacturing overhead applied during the year by first calculating the predetermined overhead rate
DATA
Estimated Total Manufacturing overhead at the beginning of the year = 638,750
Estimated direct Labour hours at the beginning of the year = 35,000
Predetermined Overhead Rate = 638,750 /35,000
Predetermined Overhead Rate 18.25
Actual Direct Labour Hours = 40,000
Requirement A
Total Manufacturing Overhead applied = Predetermined Overhead Rate x Actual Direct Labour Hours
Total Manufacturing Overhead applied = 18.25 x 40,000
Total Manufacturing Overhead applied = 730,000
Requirement B
Actual Manufacturing Overhead (166000 + 595000) = 761,000
Over/Under applied = Actual Manufacturing Overhead - Total Manufacturing Overhead applied
Over/Under applied = 761,000 - 730,000
Manufacturing Overhead is underapplied = 31,000
Requirement C
Cost of Goods sold (adjusted) = Manufacturing Overhead is underapplied + Cost of Goods sold (unadjusted)
Cost of Goods sold (adjusted) = 31,000 + 1,570,000
Cost of Goods sold (adjusted) = 1,601,000
For each item described: Identify the type of account (Asset, Liability, Equity, Revenue or Gain, Expense or Loss), normal balance (Debit, Credit), financial statement (Balance Sheet, Income Statement), and whether the account is closed at the end of the period (Yes, No) by selecting the letter that best describes those attributes. If an account is a contra account, the answer will show the account type in parentheses. Answer items may be used once, more than once, or not at all.
Sales & Services
Allowance to for Doubtful Accounts
Office Salaries Paid
Notes Payable
Cash
Sales Returns & Allowances
1. Expense or Loss, Debit, Income Statement, Yes
2. Revenue or Gain, Credit, Income Statement, Yes
3. Asset, Debit, Income Statement, Yes
4. Liability, Credit, Income Statement, Yes
5. Revenue, Credit, Balance Sheet, No
6. (Asset), Credit, Balance Sheet, No
7. (Revenue or Gain), Credit, Income Statement, Yes
8. Asset, Debit, Balance Sheet, No
9. Asset, Debit, Balance Sheet, No
Answer:
Identification of Type of Account, etc.:
Letter Account
2. Sales & Services
6. Allowance to for Doubtful Accounts - 6. (Asset), Credit, Balance Sheet, No
1. Office Salaries Paid - Expense or Loss, Debit, Income Statement, Yes
Notes Payable
8. Cash - Asset, Debit, Balance Sheet, No
1. Sales Returns & Allowances - Expense or Loss, Debit, Income Statement, Yes
Explanation:
NB: Notes Payable are Liabilities, Credit, Balance Sheet, No.
The normal balance of Assets is debit. Assets are stated in the balance sheet and are not closed at the end of the period. The normal balance of Liabilities and Equity is credit. Liabilities and Equity are stated in the balance sheet and are not closed at the end of the period. The normal balance of Revenue or Gain is credit. Revenue or Gain is stated in the Income Statement and is closed at the end of the period. The normal balance of Expense or Loss is debit. Expense or loss is closed at the end of the period.
BeeGood Honey recently expanded its distribution to include 74,600 households within the Southwestern United States in an area with a population of 300,000 people. Of these newly targeted households, 35,700 have previously purchased the category. Last quarter the region's total dollar sales for the honey category reported at $827,000, driven by the three largest brands: StingerSue, Sweetness, and BeeGood with sales of $304,000, $200,000 and $94,600 respectively. In the same quarter, unit purchases of BeeGood Honey brand amounted to 38,500 jars across the region. Among the 25,500 households that bought BeeGood, total purchases of honey were reported at 60,100 jars. What is BeeGood's Brand Penetration (%)
Answer: 34.2%
Explanation:
Brand penetration is meant to measure the number of people who bout a certain brand as a percentage of the population that the company target to sell to.
The formula is;
= No. of Households who bought BeeGood Honey/ No. of targeted Households
= 25,500/74,600
= 34.2%
Theresa owes $9,000 on her car loan. If the value of her car is $15,000, what is her equity in the car?
Answer:
Theresa has $6,000 in equity.
Explanation:
To get this answer, you take the value of her car ($15,000) and subtract the amount that she owes from it ($15,000-$9,000). This gives you $6,000.
Hope this helps!
Her equity in the car is $6,000
Equity is the assets that a person or individual own.
Using this formula
Equity=Assets-Liability
Where:
Assets=$15,000
Liabilities=$9,000
Let plug in the formula
Equity=$15,000-$9,000
Equity=$6,000
Inconclusion Her equity in the car is $6,000
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