Answer: $11920 Overapplied
Explanation:
We have to calculate the Predetermined overhead rate which would be:
= Estimated total manufacturing overhead / Estimated amount of the allocation base
= $355,680 ÷ 14,400 direct labor-hours
= $24.70 per direct labor-hour
Since the actual hours is 10,800 hours, therefore, the applied overhead would be:
= 10,800 × 24.70
= $266,760
Since the actual overhead = $254,840, then the overapplied Overhead would be:
= $266,760 - $254,840
= $11920 Overapplied
If a corporate building has nine office suites that rents for $14,800 per month each, but suffers from a 14% vacancy rate and annual expenses of $21,100, what is the NOI of the building
Answer:
=$1,353, 524
Explanation:
NOI stands for net operating income
In this case, NOI will be calculated as follows
Rent per suit = $14,800
Number of suits 9
The monthly rent will be
=$14,800 x 9
=$133,200
Annual rent will be monthly rent x 12
= $133,200 x 12
=$1,598,400
Considering a 14 % vacancy rate, expected annual rent collection
=$1, 598,400 minus 14% of $1, 598,400 or 86% of $1, 598,400
= 86/100 x $1, 598,400
=$1,374,624
Adjusting for annual expenses
= $1,374,624 - $21,100
=$1,353, 524
Muhares, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The following selected information was taken from the company's accounting records:
Total equivalent units of materials: 8,000
Total equivalent units of conversion: 7,400
Units started and completed during the period: 6,500
On the basis of this information, the ending work-in-process inventory's stage of completion is:__________
a) 80%.
b) 70%.
c) 60%.
d) 40%.
e) some other percentage not listed above.
Answer:
c). 60%
Explanation:
Calculation for what the ending work-in-process inventory's stage of completion is:
First step is to calculate the Units in process
Units in process = 8,000 - 6,500
Units in process= 1,500 units
Second step is to calculate Equivalent units of conversion for in process
Equivalent units of conversion for in process = 7,400 - 6,500
Equivalent units of conversion for in process= 900
Now let calculate the ending work-in-process inventory's stage of completion
Ending work-in-process inventory's stage of completion=900 / 1,500
Ending work-in-process inventory's stage of completion= 0.60*100
Ending work-in-process inventory's stage of completion=60%
Therefore the the ending work-in-process inventory's stage of completion is:60%
if you get opportunities to have a training which one do you want to choose why
Answer:
water proof
Explanation:
Assume Ireland and Mauritania can both produce grain and dates, and that the only limited resource is the farming labor force, meaning that land, water, and all other resources are plentiful in both countries. Each farmer in Ireland can produce 10t of grain or 5t of dates in a season. Each farmer in Mauritania can also produce 10 t of grain or 25 t of dates. Please answer the four questions.
1. Which country has the absolute advantage in producing dates?
a. Niger
b.Sweden
c. Neither
2. Which country has the absolute advantage in producing grain?
a. Niger
b.Sweden
c. Neither
Answer:
Mauritania has an absolute advantage in the production of dates
Neither countries have an absolute advantage in the production of grains
Explanation:
A country has an absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries
Ireland and Mauritania produces 10t grains. None of the countries have an absolute advantage in the production of grains
Mauritania produces 25t of dates while Ireland produces 5t of dates. 25 is greater than 5, so Mauritania has an absolute advantage in the production of dates
If the demand for insulin is price inelastic, a 5 percent increase in the price of insulin will have no effect on the total revenue of insulin producers have no effect on the total revenue of insulin producers
A increase the total revenue of insulin producers increase the total revenue of insulin producers
B decrease the total revenue of insulin producers decrease the total revenue of insulin producers
C decrease the total spending on insulin by consumers decrease the total spending on insulin by consumers
D cause the demand for insulin to be less elastic cause the demand for insulin to be less elastic
Answer: A increase the total revenue of insulin producers
Explanation:
When the demand for a good or service is inelastic, it means that quantity demanded does not change with respect to price. In other words price can be increased on decreased and the quantity demanded would not change.
In this case, the price of insulin increased by 5%. Quantity demanded will not change for insulin which means that the producers will be making more revenue because the same number of people will still be buying, this time however, they would be buying at a higher price thus binging in higher revenue.
Answer:The correct answer is A) increase the total revenue of insulin producers.
If the demand for insulin is price inelastic, it means that consumers are relatively unresponsive to changes in the price of insulin. Therefore, a 5 percent increase in the price of insulin will not cause a significant decrease in the quantity demanded of insulin. As a result, the total revenue of insulin producers will increase since they can sell the same quantity of insulin at a higher price.
Explanation: If the demand for insulin were price elastic, a 5 percent increase in the price of insulin would cause a larger decrease in the quantity demanded of insulin. This would result in a decrease in the total revenue of insulin producers.
Option C is incorrect because a price increase is not likely to decrease the total spending on insulin by consumers, as insulin is a necessary medication for people with diabetes. Option D is incorrect because a change in price does not affect the elasticity of demand. Elasticity of demand is determined by other factors, such as the availability of substitutes for the product.
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $230,000 of bonds, on which there was $2,300 of unamortized discount, for $239,000. Sold 12,000 shares of $10 par common stock for $21 per share. Sold equipment with a book value of $63,500 for $91,400. Purchased land for $491,000 cash. Purchased a building by paying $86,000 cash and issuing a $110,000 mortgage note payable. Sold a new issue of $190,000 of bonds at 99. Purchased 6,200 shares of $30 par common stock as treasury stock at $57 per share. Paid dividends of $1.90 per share. There were 23,000 shares issued and 4,000 shares of treasury stock.
Answer:
Effect of Transaction on Cash Flows
Effects Amount
1. Cash Payment $239,000
2. Cash Receipt $252,000 (12000*$21)
3. Cash Receipt $91,400
4. Cash Payment $491,000
5. Cash Payment $86,000
6. Cash Receipt $188,100 (190,000*0.99)
7. Cash Payment $353,400 (6,200*$57)
8. Cash Payment $36,100 [1.90*(23,000-4,000)]
When a market is in equilibrium:
a. markets are not working efficiently.
b. a person could do better if he or she did something different.
c. people have exploited all opportunities to make themselves better off.
d. the government has wrongly interfered in this market.
Answer:
a or c?
Explanation:
I'm not sure of its correct, do let me know
Spaniards can produce 10 gallons of wine or 8 gallons of olive oil per worker hour. Americans can produce 9 gallons of wine or 6 gallons on olive oil per worker hour. Which of these exchange rates would allow both countries to gain from selling wine in exchange for olive oil?
a. Americans, Spanish
b. Americans, Americans
c. Spanish, Spanish
d. Spanish, Americans
Answer:
a. Americans, Spanish
Explanation:
Particulars Wine Olive Oil Opportunity Opportunity cost of Olive oil
cost of Wine
Spaniards 10 8 0.8 1.25
Americans 9 6 0.67 1.5
From the above table, the first option is correct
Mr. Wiley owns a couple of houses. He lives in the better one. The other house he rents to the Jones family for $20,000 per year. By renting the newer and better house in which he chose to live, he could earn $35,000. Given this information, what would be the contribution of these two houses to U.S. GDP
Answer:
20,000
Explanation:
Only rented house is counted as per gdp
Which option in a table would violate the 1NF rules of normalization?
A.Each cell of the table has a single value.
B.Some cells of the table have multiple values.
C.The table does not contain repeating groups.
D.The table depends on a primary key that is unique.
The option that violates the 1NF rules of normalization is that B. Some cells of the table have multiple values.
What are the 1NF rules of normalization?This is a normalization form that calls for the deletion of groups of data that are repeating to ensure that redundant data is removed.
If some cells of a table have multiple values therefore, it would mean that there are repeating data which will violate the 1NF rule.
In conclusion, option B is correct.
Find out more on normalization at https://brainly.com/question/25766696.
Answer:
B
Explanation:
NeverReady batteries has engineered a newer, longer lasting AAA battery. The company claims this battery has an average life span of 15 hours with a standard deviation of 0.8 hours.Your statistics class questions this claim. As a class, you randomly select 30 batteries and find that the sample mean life span is 14.7 hours. If the process is working properly, what is the probability of getting a random sample of 30 batteries in which the sample mean lifetime is 14.7 hours or less? Is the company's claim reasonable? (Round your probability to four decimal places.)
The company's claim is not reasonable because the probability that a sample of 30 batteries would have a lifetime of at most 14.7 hours is about
_________?
Answer:
0.0202
Explanation:
μ=15, σ=0.8; n=30
p(x≤ 14.7) = p(Ζ ≤ 14.7-15/0.8÷√30)
p(x≤ 14.7) = p(Ζ ≤ -2.05)
p(x≤ 14.7) = 0.0202
So, the company's claim is not reasonable because the probability that a sample of 30 batteries would have a lifetime of almost 14.7 hours is about 0.0202.
mm company predicts sales of 50,000 for may ,the company manger salary 4,900 plus 6% sales dollars the production manager found a way to reduce the amount of packaging the company uses may sales are predicted to increase by 8% in addition the shipping costs decrease from 4% to 3%
Answer:
1. $54,000
2. $9,760
Explanation:
1) Computation of budgeted sales
Budgeted sales = $50,000 + ( $50,000 × 8%)
Budgeted sales = $50,000 + $4,000
Budgeted sales = $54,000
Therefore the Budgeted sales will be $54,000
2). Calculation for the budgeted selling expenses for May using this formula
Budget selling expense for May= Manager salary + ( Commission on budget sales) + (Shipping cost on budget sales)
Let plug in the formula
Budget selling expense for May= $4,900 + ($54,000 × 6%) + ( $54,000 × 3%)
Budget selling expense for May= $4,900 + $3,240 + $1,620
Budget selling expense for May=$9,760
Therefore the Budget selling expense for May will be $9,760
The following information is provided about the Town of York’s General Fund operating statement and budgetary accounts for the fiscal year ended September 30. (Note: The town has no restricted, committed, or assigned fund balances.) Estimated revenues $ 32,150,000 Revenues 32,190,000 Appropriations 32,175,000 Expenditures 32,185,000 Fund Balance—Unassigned (beginning of the fiscal year) 500,000 Required Prepare the journal entry to record the budget. (
Answer:
Realidades 2 WKBK page 109
Explanation:
Realidades 2 WKBK page 109
A dealer in New Jersey has surveyed the cars on his lot and has recorded a dataset with following variables:
1. Make/ Model,
2. Miles per Gallon,
3. Car Type (e.g., economy, full size),
4. Price, and
5. Color, The data collected for above variables 1, 2, 3, 4, and 5 are:
nominal, ordinal, nominal, interval, nominal
ordinal, interval, ordinal, ordinal, ordinal
ordinal, interval, ordinal, interval, nominal
nominal, interval, nominal, interval, nominal
The current price of crude oil is $59. What type of scale is used to measure the price of the crude oil?
a. Ratio
b. Interval
c. Ordinal
d. Nominal
Question 1
Answer:
nominal, interval, nominal, interval, nominal
Explanation:
Levels of measurement are used to properly define the characteristics of variables of interest in a statistical study.
A variable is a quantity that varies across a population of interest.
Different levels of measurement are listed below:
- nominal scales has to do with naming or labelling. The assigned label cannot be quantified. They are not arranged in order
- ordinal scale is when variables are labelled and arranged in a particular order
- interval involve a specific interval between the variables in addition to labelling and order
- ratio is a scale that bears all the characteristics of interval scale in addition to having a value of zero for variables that don't exist.
From the question
1. Make/ Model, is nominal
2. Miles per Gallon, is interval
3. Car Type (e.g., economy, full size), is nominal
4. Price, is interval
5. Color, is nominal
Question 2
Answer:
Ratio
Explanation:
Price of $59 is a ratio scale because there is a specific interval that exists between each dollar in the scale, and there is an arbitrary zero value for money.
Zero value of money means absence of money.
For example difference between $59 and $65 is $6 which is measured in specific $1 amounts
Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in which it is located. This building was built at a cost of $647,000 and is currently appraised at $819,000. The counters and fixtures originally cost $148,000 and are currently valued at $65,000. The inventory is valued on the balance sheet at $319,000 and has a retail market value equal to 1.2 times its cost. Jake expects the store to collect 98 percent of the $21,700 in accounts receivable. The firm has $26,800 in cash and has total debt of $414,700. What is the market value of this firm?
a) $857,634
b) $900,166
c) $919,000
d) $1,314,866
e) $1,333,700
Answer:
b) $900,166
Explanation:
The computation of the market value of the firm is given below:
The Market value of building $819,000
Add: Market value of counter and fixtures $65,000
Add: Retail price of inventory ($319,000 × 1.20) $382,800
Add: Collection from accounts receivables ($21,700 × 98%) $21,266
Add: Cash available $26,800
Total value of assets $1314,866
Less: Total debt -$414,700
Market value $900,166
Select all the items that describe the role of a producer.
1. You want to charge a price that does not cover fixed costs.
2. You want to charge a price that covers variable costs.
3. You want to charge a price that earns profits.
4. You want to have a large market share.
Answer:
2. You want to charge a price that covers variable costs.
3. You want to charge a price that earns profits.
4. You want to have a large market share.
Explanation:
Producers would like to charge a price that will enable them to cover their variable costs. A price lower than their variable costs will bring losses and a shutdown.
They would also like to charge a price that brings profits to them and their shareholders and this is the aim of doing business.
Producers would also like a large market share as this would mean more profit because more people would be buying their goods and services.
The following information is available for Ivanhoe Company
Accounts receivable $3,500 Cash $6,210
Accounts payable 4,000 Supplies 3,810
Interest payable 640 Unearned service revenue 930
Salaries and wages
expense 4,300 Service revenue 41,200
Notes payable 32,000 Salaries and wages payable 900
Common stock 68,900 Depreciation expense 750
Inventory 2,830 Equipment (net) 108,600
Using the information above, prepare a balance sheet as of December 31, 2022.
Answer:
Ivanhoe Company
Balance Sheet
As of December 31, 2022:
Assets:
Current assets:
Cash $6,210
Accounts receivable 3,500
Supplies 2,830 $12,540
Long-term assets:
Equipment (net) 108,600
Total assets $121,140
Liabilities and Equity:
Liabilities:
Current Liabilities:
Accounts payable $4,000
Interest payable 640
Unearned service revenue 930
Salaries and wages payable 900
Total current liabilities $6,470
Long-term liabilities:
Notes payable 32,000
Total liabilities $38,470
Equity:
Common stock 68,900
Retained earnings 35,170 $104,070
Total liabilities + equity $142,540
There is a discrepancy in the totals of $21,400.
Explanation:
a) Data and Calculations:
Cash $6,210
Accounts receivable $3,500
Supplies 3,810
Accounts payable 4,000
Interest payable 640
Unearned service revenue 930
Salaries and wages payable 900
Service revenue 41,200
Salaries and wages expense 4,300
Depreciation expense 750
Notes payable 32,000
Common stock 68,900
Inventory 2,830
Equipment (net) 108,600
Supplies Expense:
Supplies 3,810
Inventory 2,830
Used 980
Income Statement for the year ended December 31, 2022:
Service revenue $41,200
Salaries and wages expense 4,300
Depreciation expense 750
Supplies Expenses 980
Net Income $35,170
Piper, a US citizen owns 100% of the stock of FORco, a foreign manufacturing and sales subsidiary. In 2020, FORco had $10 million of income from the manufacturing and sale of widgets in Europe and paid $3 million in foreign income taxes. FORco distributed no dividends. In January of 2020, FORco invested/deposited $7 million with a US Bank earning 1% annual interest (US sourced income). What are the U.S. tax consequences (if any) to Piper?
Answer:
$70000
Explanation:
We have been give in this question that a 100 percent of FORcos share belongs to piper. He owns a 100 percent fully. Piper has to include that which he deposited. 7 million dollars of 2 percent
= 7million dollars x 1 percent
= 7000000 x 0.01
= $70000
So piper has to include in gross income her share of FORcos f income for investment in united states property and this has been calculated as 70000
The final step in the decision-making process is _____.
know yourself
select the best plan
develop a plan of action
none of the above
Answer:
C) Develop an Action Plan
Explanation:
Hope that helps
Sorry if it is wrong
In 2018, Faye, a cash-basis individual taxpayer, received an $8,000 bill for Cook County real estate taxes. Believing the amount to be over-stated by $1,000, Faye paid the full amount in 2018 but immediately started an appeal. In June 2019, the matter was settled and she received a $500 refund. Faye itemizes her deductions on her tax returns. Her total itemized deduction exceeded the standard deductions by $3000 in 2018 What would be her best course of action?
A. She should deduct the $8,000 in her 2018 federal income tax return and should report the $500 refund as income in her 2019 federal income tax return.
B. She should not deduct any real estate taxes on her 2018 federal tax return and should deduct $7,500 on her 2019 federal income tax return
C. She should deduct $7,000 on her 2018 federal income tax return and she does not need to include the $500 refund in her 2019 gross income
D. She cannot deduct any amount for the real estate tax on her 2018 income tax return, and should file an amended 2018 federal income tax return in 2019.
Answer:
As a cash-basis individual taxpayer, Faye should:
A. She should deduct the $8,000 in her 2018 federal income tax return and should report the $500 refund as income in her 2019 federal income tax return.
Explanation:
Itemized deductions are the expenses that can be subtracted from Faye's adjusted gross income (AGI) to reduce her tax bill. They are normally listed on Schedule A of Form 1040. Some of the itemized deductions are Home mortgage interest, Property, state, and local income taxes (like the $8,000 bill for Cook County real estate taxes), Investment interest expense, Medical expenses, Charitable contributions, and other miscellaneous deductions.
The phrase gains from trade refers to the: increase in total output that is realized when individuals specialize in particular tasks and trade with each other. profits obtained from sales of a good or service. gains that one obtained by taking advantage of an uninformed buyer and selling at a higher than average price. gains that one obtains by taking advantage of a temporary discount, or sale price.
Answer:
increase in total output that is realized when individuals specialize in particular tasks and trade with each other.
Explanation:
gains from trade in economics can be regarded as net benefits that an
economic agents derived as a result of of voluntary trading between the agents, it can be also regarded as high change in lower tariffs of consumer and producer surplus. It should be noted The phrase gains from trade refers to increase in total output that is realized when individuals specialize in particular tasks and trade with each other.
According to COSO, the four categories of entity objectives int he enterprise risk management framework include each of teh following, except:________
a. Effective and efficient use of the entity's resources.
b. Compliance with applicable laws and regulations.
c. Implementation of internal controls.
d. Reliability of reporting.
Answer: Implementation of internal controls
Explanation:
According to the Committee of Sponsoring Organizations of the Treadway Commission, the internal environment of an Enterprise is responsible for the assignment of both responsibilities and authorities to the entity.
The Framework tells us what enterprise risk management is all about
ans provided the principles that are required to improve effectiveness and efficiency regarding risk management in enterprise.
Out of the options given, option C "implementation of internal control" isn't among the objectives in the enterprise risk management framework.
5 pose food risk or hazard
Answer:
brainliest plzzzzzz
Explanation:
1. Poultry
If not handled properly, raw and undercooked poultry (i.e. chicken and duck) have an extremely high contamination risk. The most common risks for these types of foods are salmonella and campylobacter bacteria. These bacteria are often present in the raw meat until cooking kills them off. This is why you should always make sure poultry is fully cooked before consumption and that anything the raw meat touches is properly washed and sanitized.
2. Eggs
Salmonella is also an issue with one of the biggest breakfast foods in the world. What is dangerous about the egg is that even a contaminated egg will not look, smell, or taste any different than an uncontaminated egg.
In order to avoid egg contamination, do not consume raw eggs or taste recipes that have raw eggs in them while they are being prepared. We recommend you purchase uncracked eggs and store them in your refrigerator.
3. Dairy Products
Dairy products like milk, cheese, and butter are also susceptible to contamination. Most of these contaminants stem from pesticides that are given to animals to “protect” their milk and meat. Also, you put yourself at risk to E. coli, salmonella, or listeria if you opt to consume raw milk. Always think twice about where your dairy is coming from and how you are storing it in a way that promotes food safety that lives up to the Texas Food Handler Certification standard.
4. Coffee
One surprising food on this list is coffee. Most coffee is cultivated in areas of the world where regulations on chemicals and pesticides are nonexistent. Some of the pesticides used in the growth of coffee are so dangerous that they are illegal to use on American farms.
In order to ensure that your coffee is not a victim of poor agricultural practices, seek out “Fair Trade” coffee for your establishment.
5. Seafood
It should be common sense that all seafoods must be stored properly from catch to preparation. There are many different illnesses that can come from contaminated seafood, depending on the seafood itself. Make sure to properly handle your seafoods and shellfish products to help prevent the spread of histamine or ciguatera poisoning.
Answer:
Dairy products (milk, cream, cheese, yogurt, and products containing them such as cream pies and quiches)
Eggs.
Meat or meat products.
Poultry.
Fish and seafood.
Explanation:
Which of the following explains why products made under a command economy are more likely to be low quality?
O A) The workers who make them have little incentive to make them well.
O B) The workers who make them are not given quality-control guidelines.
O C) The workers who make them are left to manage production facilities on their own.
O D) The workers who make them are forced by tradition to use old-fashioned methods.
Answer:
O A) The workers who make them have little incentive to make them well.
Explanation:
In a command economy, the government does all the production through its agencies and institutions. The government employs all the workers. Public interest is the motive for engaging in commercial activities. Production is not profit-motivated; hence goods and services are availed to customers are low prices. The employees' pay is not high as organizations don't generate a lot of profits. Employee morale is low due to the low pay.
In command economies, there is no business competition. Government institutions are monopolies. Without competition, there is little innovation in the country. Employees are not challenged to develop new products as consumers have no other alternatives.
Match each type of insurance with an example of when the insurance
company would make a payment.
Renter's
insurance
?
You cause an accident
that damages someone
else's car.
Liability coverage
2
You have to take a month
off from work because of
a broken leg.
Health insurance
2
Your stereo and computer
are stolen from your
apartment.
Disability
insurance
2
You go to the emergency
room after a car accident.
Answer:
See below
Explanation:
Renter's insurance
Your stereo and computer are stolen from your apartment. Renters insurance is designed to offer protection against loss or damages to properties belonging to renters living in apartments or standalone units.
Liability coverage
You cause an accident that damages someone else's car. Provide financial protection against medical or damages claims against the policyholder if found at fault in an accident.
Health insurance
You go to the emergency room after a car accident. Take care of medical and other hospital-related expenses should the policyholder or their dependents require medical attention.
Disability Insurance
You have to take a month off from work because of a broken leg. Provide financial compensation against loss of income due to serious bodily injuries to the policyholder.
In order to calculate marginal cost, producers must compare the difference in the cost of producing one unit to the
cost of
purchasing a unit
o distributing that unit.
producing the next unit.
O producing a different unit.
In order to calculate marginal cost, producers must compare the difference of producing one unit to the cost of producing the next unit
Marginal cost is the change in total cost as a result of increasing output produced by one unit.
For example, if the total cost of producing 20 units of a good is 1000 and the total cost of producing 30units is 1200.
Marginal cost is (1200 - 1000) / (30 - 20) = 12
To learn more about marginal cost, please check: https://brainly.com/question/13899964?referrer=searchResults
Answer:
Producing the next unit.
Explanation:
AKA: C
On January 1, 2020, Suzy and Bobby form a partnership. Suzy contributes $70,000 and Bobby contributes $40,000. The partnership earned $181,000 of revenues and incurred $187,000 of expenses during its first year of operations. Bobby withdrew $10,000 and Suzy $12,000 during the year. Income is shared by allocating 8% interest on initial capital contributed, salary allowances of $20,000 to Suzy, and $15,000 to Bobby, and the remainder shared 5:2.
Calculate the TOTAL income/(loss) to be allocated to Suzy and to Bobby. You must show the calculation of each component involved in the computation of the total amount of income/(loss) to be allocated to each partner.
Answer:
Suzy and Bobby Partnership
The total loss to be allocated to Suzy and Bobby is:
= $49,800.
Explanation:
a) Data and Calculations:
Capital contributions:
Suzy = $70,000
Bobby = $40,000
Revenue earned = $181,000
Expenses incurred 187,000
Net loss = $6,000
Drawings by partners:
Bobby = $10,000
Suzy = $12,000
Profit sharing:
Suzy Bobby Total Profit
Interest on capital $5,600 $3,200 ($8,800)
Salary allowance 20,000 15,000 (35,000)
Net loss 4,286 1,714 (6,000)
Total loss for each $29,886 $19,914 $49,800
Net Loss:
Suzy = 5/7 * $6,000 = $4,286
Bobby = 2/7 * $6,000 = $1,714
Total net loss = $6,000
Interest on capital:
Suzy = 8% * $70,000 = $5,600
Bobby = 8% * $40,000 = $3,200
A clothier makes coats and slacks. The two resources required are wool cloth and labor. The clothier has 150 square yards of wool and 200 hours of labor available. Each coat requires 3 square yards of wool and 10 hours of labor. Each pair of slacks requires 5 square yards of wool and 4 hours of labor. The profit for a coat is $50, and the profit for slacks is $40. The clothier wants to determine the number of coats and pairs of slacks to make so that profit will be maximized.
a. Give the Objective function.
b. Give the constraints
c. Graph the solution
d. Give the optimal Point
Answer:
a. Give the Objective function.
Let c = #coats to be produced
Let s = #slacks to be produced
b. Give the constraints
3c+5s≤150
10c+4s≤200
d. Give the optimal Point
The profit function would be P(x,y)=50c+40s
Explanation:
Let c = #coats to be produced
Let s = #slacks to be produced
Our first constraint deals with square yards of wool. We cannot exceed 150 square yards. Using the fact that coats require 3 sq yds and slacks require 5 sq yds, we can identify this constraint.
3c+5s≤150
Our second constraint deals with the number of hours available being 200. Coats require 10 hrs and slacks require 4 hrs. Now we have our second constraint.
10c+4s≤200
We might also assume that some of each will be produced, so we can list the following as constraints as well.
c>0 and s>0
The profit function would be P(x,y)=50c+40s
Which lists the amount of education required for the Transportation and Logistics careers from least to greatest?
A. Brownfield Redevelopment Specialists, Ship Loaders, Aviation Inspectors
B. Transportation Planners, Diesel Engine Specialists, Freight Forwarders
C. Bicycle Repairers, Airline Pilots, Tank Loaders
D. Taxi Drivers, Aircraft Mechanics,Traffic Technicians
Answer:
It's D)
Explanation:
Taxi Drivers have bare minimum degrees, Aircraft Mechanics have associates or Bachelors, and Traffic Technicians have Bachelors or higher degrees.
Hope this helped! :D
The list that state "Taxi Drivers, Aircraft Mechanics, Traffic Technicians" is one that lists the amount of education required from least to greatest.
What do Taxi Drivers is required to have?Most driver must have bare minimum degrees, the Aircraft Mechanics must have associates or Bachelors and Traffic Technicians must have Bachelors or higher degrees.
Therefore, the Option D is correct.
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The following transactions are July activities of Bill’s Extreme Bowling, Inc., which operates several bowling centers.
A. Bill’s collected $15,600 from customers for services related to games played in July.
B. Bill’s billed a customer for $600 for a party held at the center on the last day of July. The bill is to be paid in August.
C. The men’s and women’s bowling leagues gave Bill’s advance payments totaling $1,850 for the fall season that starts in September.
D. Bill’s received $1,500 from credit sales made to customers last month (in June).
Prepare journal entries to record the above transactions
Record the collection of $16, 400 from customers for services related to games played in July. Record the entry for billing a customer for $405 for a party held at the center on the last day of July. The bill is to be paid in August. Record the advance payments made by the men's and women's bowling leagues totaling $1, 550 for the fall season that starts in September. Record the receipt of $1, 700 from credit sales made to customers last month (in June).
Answer:
A. Bill’s collected $15,600 from customers for services related to games played in July.
Dr Cash 15,600
Cr Service revenue 15,600
B. Bill’s billed a customer for $600 for a party held at the center on the last day of July. The bill is to be paid in August.
Dr Accounts receivable 600
Cr Service revenue 600
C. The men’s and women’s bowling leagues gave Bill’s advance payments totaling $1,850 for the fall season that starts in September.
Dr Cash 1,850
Cr Unearned service revenue 1,850
D. Bill’s received $1,500 from credit sales made to customers last month (in June).
Dr Cash 1,500
Cr Accounts receivable 1,500
