The fifo approach would produce more net income at times of declining expenses, while the lifo method would produce less net income during the same times. So the correct response is true.
Write an account on lifo method of costing inventory.Utilizing the lifo method of costing inventories will produce less net income than doing so using the fifo approach during periods of declining costs.
When the expenses of making a product or acquiring inventory have been rising, the COGS (Cost of Goods Sold) computation uses the LIFO approach. Inflation may be to blame.
Although a company's profits may decline as a result of using the LIFO accounting system, it may also result in a reduction in the amount of corporate tax due. These savings could be substantial for a corporation if the cost rises persist for a while.
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what type of analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all flights allowing an airl
prescriptive analytics is the answer .
What is prescriptive analytics ?
The technique of analyzing data to decide on the best course of action is known as prescriptive analytics. This kind of analysis results in suggestions for the following stages by taking into account all pertinent aspects. Prescriptive analytics is a useful tool for data-driven decision-making as a result.
Prescriptive analytics frequently use machine-learning algorithms to process enormous volumes of data more quickly—and frequently more effectively—than people. Algorithms search through data and offer suggestions depending on a particular set of requirements using "if" and "else" expressions. For instance, the algorithm may suggest extra training if at least 50% of customers in a dataset indicated that they were "extremely dissatisfied" with your customer support staff.
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cello corporation purchased three patents at a total cost of $960,000. the appraised values of the individual patents were as follows: patent 1$ 600,000 patent 2400,000 patent 3200,000 the costs that should be assigned to patents 1, 2, and 3, respectively, are:
The costs that should be assigned to patents 1, 2, and 3, respectively, are =$480,000; $320,000; $160,000.
=Allocation ratio = 0.8 [$960,000 ÷ ($600,000 + $400,000 + $200,000)]. Allocations: 0.8 × $600,000; 0.8 × $400,000; 0.8 × $200,000.
Patent valuation is the process of determining the actual market cost of a patent or patent portfolio. Patent valuation is required when companies or inventors negotiate deals such as mergers, acquisitions, sales, or licensing of patents.
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you are the owner of a comfort inn and would like to hire a new general manager. in terms of preventing possible agency problems, what should you include in your offer? a. profit sharing b. a fancy office with a private secretary c. a 37-hour workweek d. a very high fixed salary
You wish to appoint a new general manager at your Comfort Inn. You ought to offer profit sharing as a way of avoiding potential agency issues.
A retirement plan known as a profit-sharing plan allows employees to participate in the company's profits. An employee is given a portion of a company's profits under this kind of plan, also known as a deferred profit-sharing plan (DPSP), based on its quarterly or yearly results.
If employee A earns $100,000 and employee B earns $200,000, the comp-to-comp approach will be used. The business decides to distribute 20% of its yearly revenues to its workers. The business made $500,000 in revenue.
Employers who are having cash flow problems may find a profit-sharing plan to be a useful solution. Employers are free to alter the amount of their annual contributions. Businesses, especially small business owners, can reduce their corporation taxes. Plans are adaptable by nature.
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wingate company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: sales $ 1,550,000 variable expenses 618,000 contribution margin 932,000 fixed expenses 1,025,000 net operating income (loss) $ (93,000) in an effort to resolve the problem, the company would like to prepare an income statement segmented by division. accordingly, the accounting department has developed the following information: division east central west sales $ 400,000 $ 610,000 $ 540,000 variable expenses as a percentage of sales 49% 32% 42% traceable fixed expenses $ 275,000 $ 327,000 $ 194,000 required: 1. prepare a contribution format income statement segmented by divisions. 2-a. the marketing department has proposed increasing the west division's monthly advertising by $21,000 based on the belief that it would increase that division's sales by 18%. assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2-b. would you recommend the increased advertising?
1. The preparation of a contribution format income statement segmented by divisions is as follows:
Wingate Company
Segmented Contribution-Format Income StatementEast Central West Total
Sales $ 400,000 $ 610,000 $ 540,000 $1,550,000
Variable expenses 196,000 195,200 226,400 617,600
Contribution margin $204,000 $414,800 $313,600 $932,400
Traceable fixed expenses $275,000 $ 327,000 $ 194,000 $796,000
Segment net income/loss ($71,000) $87,800 $119,600 $136,400
Common fixed expenses $229,000
Net loss $92,600
2a) The net operating income of Wingate Company would increase by $34,976 or the net loss reduces by $34,976.
2b) If the increased advertising for the West's Division would increase West's net income by $34,976, I would highly recommend it.
What is a segmented income statement?A segmented income statement is a financial statement that shows the financial performance of each division or department in a company.
Preparing a segmented income statement helps management to understand the divisions' performances to encourage improvement, reward, and control.
Wingate Company
Contribution-Format Income StatementSales $ 1,550,000
Variable expenses 618,000
Contribution margin 932,000
Fixed expenses 1,025,000
Net operating income (loss) $ (93,000)
East Central West
Sales $ 400,000 $ 610,000 $ 540,000
Variable expenses as a percentage of sales 49% 32% 42%
Traceable fixed expenses $ 275,000 $ 327,000 $ 194,000
Wingate Company
Segmented Contribution-Format Income StatementEast Central West Total
Sales $ 400,000 $ 610,000 $ 637,200 $1,647,200
Variable expenses 196,000 195,200 267,624 658,824
Contribution margin $204,000 $414,800 $369,576 $988,376
Traceable fixed expenses $275,000 $ 327,000 $ 215,000 $817,000
Segment net income/loss ($71,000) $87,800 $154,576 $171,376
Common fixed expenses $229,000
Net loss $57,624
Reduction in Net Loss:Old proposal = $92,600
New proposal = $57,624
Loss Reduction = $34,976
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as a result of a global pandemic, the u.s. government institutes a federally funded program to provide payments to small and medium size enterprises that pay their employees during the economic interruption. this is an example of a(n)
When screening (or more stringent policies) were first implemented, the predicted number of COVID-19 cases increased by approximately 1.9 times.
And cases per capita were 7.7 times higher, in particular, with a one standard deviation increase in the globalization index.
What effects would a global pandemic have on the economy?
The International Monetary Fund (IMF) estimates that the COVID-19 pandemic has had a significant impact on the global economy. Between 2019 and 2020, the median global GDP is expected to decrease by 3.9%, making it the worst economic downturn since the Great Depression.
Which parts of the economy are being affected by this pandemic?
The COVID-19 pandemic is affecting public health and causing economies and labor markets to be disrupted like never before, including for forest industry workers and businesses. It has made the problems that already exist worse, and as a result, many businesses and employees have suffered.
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the income statement for abc company shows gross profit of $144,000; operating expenses of $130,000; and cost of goods sold of $216,000. what is net sales revenue?
According to the income statement for the ABC Company, operational costs were $130,000, cost of goods sold was $216,000, and gross profit was $144,000. $360,000 is the net sales income.
What is net sales revenue?Net sales are your entire sales revenue minus allowances, discounts, and refunds. Your profits are your net income. After deducting all costs and adding any non-sales revenue, it equals your net sales.
To answer the preceding query, use the following formula:
Net sales revenue - Cost of goods sold = Gross profit.
Net sales revenue = Gross profit + Cost of goods sold
$144,000 + 216,000 = $360,000
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Instead of cultural and marketing influences, what factors should determine a household’s saving rate?.
The factors that should determine a household’s saving rate are Monetary situations, social establishments, and the person or populace characteristics can all play a function. Monetary conditions together with financial balance and general earnings are vital in figuring out savings costs.
As a minimum 20% of your profits have to move in the direction of savings. Meanwhile, every other 50% (most) ought to move toward requirements, even as 30% goes toward discretionary objects. That is referred to as the 50/30/20 rule of thumb, and it gives a quick and clean manner that will price range your money.
This record is the today's to be had from this supply but is from 2019, and some sources put common savings even higher: Northwestern Mutual's 2022 making plans & progress have a look at found out that the common amount of personal financial savings (not which include investments) became $62,086 in 2022.
In the end, your cash loses its fee and shopping strength. Some other red flag that you have an excessive amount of cash in your financial savings rate is if you exceed the $250,000 restriction set through the Federal Deposit insurance corporation (FDIC) — glaringly not a difficulty for the common saver.
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adorn, a designer boutique, extends a job offer in writing to jenna. the company requests for a written acknowledgement of the job offer from her. in this scenario, jenna should write a(n
Jenna should write a job acceptance letter.
What is job acceptance letter?Your job acceptance letter will contain important information about your new job. The correct spelling is: Kim Isaacs, Monster Resume Expert. He was professional and sent me a letter of acceptance. Writing an offer letter is a good guideline for job seekers who decide to accept a job offer. The Acceptance Letter is one of the final steps in the job application process and is important to confirm your acceptance of the position with your employer, including important terms and conditions of employment. Writing a professional acceptance letter is an important step in starting your career at a new company.A Letter of Acceptance is a letter from a university acknowledging that you have been admitted.Receiving your first letter of acceptance is exciting, but don't make any hasty decisions just yet.To learn more about job acceptance letter from the given link :
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harrison is retiring from a local bakery that has been in his family for four generations. because he does not have an heir to whom he can pass the bakery, he is selling it to a young couple. when they meet to discuss the transfer of the business, what are some things that harrison should share with the new owners about the success of his business?
Harrison should share the culture of the company through stories, rites, and rituals.
This will indicate to the new owners the work culture that has been adopted at the company and how competent are the employees.
Hearing the pride in Harrison's voice for the success that has been achieved at the company would give confidence to the new owners that they can also run a profitable business like him.
The young couple would feel more comfortable in their decision to buy the bakery.
Company culture is the way you do what you do within the administrative center.
It's the sum of your formal and informal systems and behaviors and values, all of which create an experience for your personnel and clients.
In its middle, corporation subculture is how matters get performed around the place of the job.
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for 2020, lydia had adjusted gross income of $60,000 and made the following charitable contributions: cash contribution to her synagogue: $ 1,500 tuition to a private school paid directly to her niece: $ 1,200 contribution to the salvation army: $ 350 cash contribution to a man begging on a freeway off ramp: $ 150 what is the maximum amount that she can deduct as a charitable contribution for 2020?
The maximum amount that she can deduct as a charitable contribution for 2020 is $1850.
1500 was given in cash to her synagogue.
350 has been donated to the Salvation Army.
Total = 1500 + 350
= $1850
A donation or gift made to or for the benefit of an approved organisation is referred to as a charitable contribution. It is given voluntarily and without expecting or receiving anything of comparable worth. reputable organisations.
You must keep a record of any contributions made in cash, check, or other forms of money (regardless of the amount), such as a bank record or a written letter from the qualified organisation specifying the organization's name, the donation's amount, and the date.
Under Section 80G of the Income Tax Act, donations made to specific relief funds and charity organisations may be deducted from income. However, section 80G does not permit deductions for all donations. Only contributions made to specified funds are tax-deductible.
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1. on each journal page, the date is written (a) for each entry. (b) only for the first entry. (c) on the first line of each column. (d) none of these.
On each journal page, the data is written for each entry.
The date, the account name and number, the amount debited and credited, the transaction's reference number, and any additional information that should be recorded alongside the transaction are all listed in columns on an accounting journal page.A detailed account of all the financial actions of a corporation is kept in a journal. It is used to transfer data to other formal accounting records, such as the general ledger, and for account reconciliation in the future.Among them are the cash disbursements diary, the purchasing journal, the cash receipts notebook, and the sales journal. There could be more specialized journals. However, since the four accounting fields represented by these journals cover the majority of accounting transactions, additional journals are often not required.Thus the correct option is A.
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t was treated for an ailment 2 months prior to applying for a health insurance policy. this condition was noted on the application and the policy was issued shortly afterwards. how will the insurer likely consider this condition?
The insurer will treat this condition as a pre-existing condition.
What are health insurance policies?Health insurance policies are described as a form of a contract that is formed between a consumer and a company. The company or the insurer agrees that it will pay some of the healthcare costs provided that the customer pays his annual or monthly premium. It is important to mention that the insurer provides medical coverage, and it includes surgical expenses and other medical costs.
In this scenario, T got treatment for an ailment 2 months before he applied for a health insurance policy. This treatment for an ailment or the ailment itself will be treated by the health insurer as a pre-existing condition. Furthermore, there will a minimum waiting period for which he could not claim any medical coverage.
It can be concluded that the insurer will treat this condition as a pre-existing condition.
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which is not true regarding differences between goods and services? a. services tend to be more knowledge-based than goods b. services are generally produced and consumed simultaneously; tangible goods are not c. goods tend to have higher customer interaction than services d. research and development, finance/accounting, and purchasing
Goods tend to have higher customer interaction than services, is not true regarding differences between goods and services.
In economics, goods are those that fulfill human needs and offer usefulness, such as to a customer buying a pleasant product. It is usual practice to distinguish between transferable products and non-transferable services.
A good is referred to as a "economic good" if its demand outweighs its supply and it requires human effort to achieve. Free things, however, like air, are always available and don't require any intentional effort to obtain. Private goods are items that people possess and use on a daily basis that are unrelated to food, such as televisions, couches, wallets, cell phones, and nearly anything else.
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how can trainee appraisers be assured that the duties assigned by supervisor appraisers will enhance their understanding and progression of knowledge and experience in all applicable valuation methodologies and approaches to value?
A new requirement for both trainee and supervisory appraisers is to take a course covering the expectations and responsibilities of appraisers in these roles.
The appraisal methodology denotes the method of calculating an asset's value based on elements including its cost, the revenue it generates, and its fair market value (FMW) in comparison to other assets of a similar nature. The final assessment value is essentially an educated guess that tries to predict the cost of an asset in a free market. Despite the fact that appraisals are frequently carried out in conjunction with a sale of an item, they can also be done for insurance or taxation reasons.
The appraisal method is employed to establish the value of high-value assets including real estate, works of art, jewels, cars, financial interests in oil reserves, and other non-traditional assets.
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studying macroeconomics helps us learn about the value and limitations of , which occurs across nations, typically involving foreign exchange transactions. a.) business cycles b.) economic indicators c.) global trade d.) fiscal policy
Studying macroeconomics helps us learn about the value and limitations of , c.) global trade occurs across nations, typically involving foreign exchange transactions.
Macroeconomics is a department of economics managing performance, structure, conduct, and decision-making of an economy as an entire. for instance, using interest costs, taxes, and authorities spending to regulate an economy’s growth and stability. This includes local, countrywide, and global economies.
Microeconomics has applications in trade, commercial employer and market shape, exertions economics, public finance, and welfare economics. Macroeconomics is the have a look at of the choices of nations and governments. The time period analyzes whole industries and economics instead of individuals or particular organizations.
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a successful ride-sharing company has decided to raise money for its second phase of expansion by issuing shares of stock and becoming a publicly-traded company, so they create a prospectus for potential investors. what type of stock market transaction is taking place? secondary market offering private placement ipo share buyback
the Type of stock market transaction taking place is IPO.
An initial open offering (IPO) is the method of advertising offers of a private organization to the public in a new stock issuance for the first time. An IPO permits a company to raise value capital from open investors and the move from a private to an public company can be a vital time for a private investors to ultimately realize picks up from their speculation because it regularly incorporates a share premium for the current private investors. In the meantime, it also permits public investors to involve in the advertising. The IPO process comprises of two parts, the primary one is the pre-marketing stage of the advertising, whereas the secondary one is the beginning public offering itself. When a company is curious about an IPO, it'll publicize to investors by requesting private offers to them or moreover make a public explanation to produce interest.
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how do affirmative action programs allow admissions committees to use racial diversity in their decision to admit a student to a university? committees can admit students solely based on their race. they mandate that 10 percent of all admissions must be of non-white students. they allow committees to discriminate against white applicants. racial diversity can be one factor in their decision process.
Affirmative action programs allow admissions committees to use racial diversity in their decision to admit a student to a university as racial diversity can be one factor in their decision process.
So, the correct option is D.
Increased representation of women and people of color is the goal of affirmative action policies. This might refer to workplace rules that encourage the hiring of underrepresented groups. It may entail giving disadvantaged individuals more weight while considering college admissions. To put it another way, affirmative action is still relevant today. It genuinely aids pupils of color, whose socioeconomic situation is still inferior to that of white students.
Intergenerational mobility has positively increased. And it positively broadens the range of viewpoints on campus. According to the definition of affirmative action, it is a collection of policies created to end unlawful candidate discrimination, address the effects of that discrimination in the past, and prevent it from happening again. Applicants could be trying to get into a school or looking for a job in their field.
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last year janet purchased a $1,000 face value corporate bond with a 7% annual coupon rate and a 30-year maturity. at the time of the purchase, it had an expected yield to maturity of 7.03%. if janet sold the bond today for $1,059.61, what rate of return would she have earned for the past year? do not round intermediate calculations. round your answer to two decimal places.
Rate of return = Interest + (Sale price- Purchase Price) / Purchase price
Rate of return = 1000 * 7% + (940.74- 1000) / 1000
Rate of return = (70 - 59.26) / 1000
Rate of return = 10.74 / 1000
Rate of return = 1.074%
Let's assume you personally have a percentage that commenced at $100 in cost and rose to $110 in price. Now, you want to locate its fee of return. A fee of return is generally expressed as a percent of the funding's initial cost. So, in case you had been to sell your share, this funding would have a 10% price of going back.
The simple charge of going back is the incremental amount of internet earnings expected from a potential funding possibility, divided with the aid of the investment in it.
A bad Rate of return is a lack of the main investment for a specific period of time. The bad may additionally develop into an effective in the next period, or the one after that. A terrible fee for going back is a paper loss unless the funding is cashed in.
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state materials, inc. changed from the fifo method of costing inventories to the weighted average method during 2021. when reported in the 2021 comparative financial statements, the 2020 inventory amount will be:
Depending on how prices develop during 2021, there will either be an increase or decrease.
What is the FIFO method of inventory valuation?First in, first out (FIFO) is an uncomplicated approach of inventory valuation based on the presumption that commodities acquired or created first are sold first. This implies that older inventory is distributed to customers before fresh inventory, in theory. Even if there have been recent changes in expenses, the cost of goods sold (COGS) of the oldest inventory is used to assess the value of ending inventory.
You must determine COGS at the conclusion of the accounting period or fiscal year because ecommerce inventory is regarded as an asset. Your balance sheets and inventory write-offs are impacted by ending inventory value. Recent merchandise often costs more than older inventory due to inflation.
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The complete question is given below :
State Materials, Inc. changed from the FIFO method of costing inventories to the weighted average method during 2021. When reported in the 2021 comparative financial statements, the 2020 inventory amount will be:
Decreased.Increased.Increased or decreased, depending on how prices changed during 2021.Unaffected.for a given data group, simple exponential smoothing is being used to forecast demand. the forecast of a given period is 110, which turned out to be 4 units more than actual demand. the forecast for next period is 109.2. based on information given, what is smoothing constant, alpha? group of answer choices none of the choices 0.15 0.20 0.10 0.60
The formula for the exponential smoothing is as follows: Demand for the most recent period times the smoothing factor.
The forecast for the most recent time period multiplied by (one minus the smoothing factor). S is the smoothing factor, which is expressed in decimal form (35% would be 0.35). A time series forecasting technique called exponential smoothing can be expanded to support data with a systematic trend or seasonal component. It is a potent forecasting technique that can be employed in place of the well-liked Box-Jenkins ARIMA family of techniques. A forecasting technique for univariate time series data is exponential smoothing. With this strategy, forecasts are weighted averages of historical observations, with the weights of older observations decreasing exponentially. Alpha, the smoothing constant, is 0.20. (Option a)
Detailed explanation:
To begin resolving this issue, we first list the simple exponential smoothing in succession:
Where xt is the real demand for period t, alpha is the smoothing constant, s(t) is the forecast for period t, s(t-1) is the forecast for period (t-1), and
There are no unknowns other than the alpha constant: s(t)=109.2, s(t-2)=110, xt=110-4=106.
After that, we may determine alpha as:
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when companies use the logic of moral universalism and impose their views on the rest of the world, occurs. group of answer choices cultural imperialism ethical convenience none of the above ethical divergence
When companies use the logic of moral universalism and impose their views on the rest of the world, occurs, it is called cultural imperialism.
What is cultural imperialism?In the context of ethics or sociology, when a community that is economically or politically dominant imposes its culture on other communities that are non-dominant is called cultural imperialism. It is important to mention that one dominant culture can impose another political, economic, social, or cultural system on another culture.
In this scenario, if a company is almost operating in a market or an industry as a dominant player, it can impose its values and cultures on the other non-dominant systems. Hence, imposing a moral universalism will be considered an act of cultural imperialism.
It can be concluded that, when companies use the logic of moral universalism and impose their views on the rest of the world, occurs, it is called cultural imperialism.
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according to karl marx, in a capitalist economy, what type of alienation is a worker experiencing when the worker is forced to work for someone else and makes money for the owner of the workplace?
According to alienation, the worker is forced to work for someone else and makes money.
What is the theory of alienation ?
The method of making a worker feel alien to the results of their own effort. One may put their subjectivity into an object and even take pleasure in the fact that someone else enjoys their invention, therefore creating commodities need not result in alienation and can even be quite gratifying. The proletariat works in order to live, to obtain the very means of life, which he can only achieve by selling his labor to a capitalist for a wage (as if his labor were itself a property that can be purchased). In capitalism, the worker is exploited in this way: he does not work to create a product that he then sells to a real person.
Because the worker no longer owns the product, the worker feels alienated from it. Instead, the product now belongs to the capitalist, who bought the proletariat's labor force in return for exclusive control over the proletariat's goods and any profit generated by their sale.
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In the ________ activity of scm, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
Supply chain managers develop processes for managing their goods and services inventory in the source activity of SCM, which includes receiving and verifying shipments, transferring shipped materials to manufacturing facilities, and authorizing supplier payments.
What is supply chain?A supply chain is a network of facilities that acquire raw materials, process them into intermediate goods, and then deliver finished goods to customers via a distribution system. A supply chain is a networked system of organizations, activities, information, and resources that source, produce, and transport goods from their point of origin to their final destination typically from a supplier to an end customer. Modern supply chains are frequently extremely complicated, spanning multiple countries and involving numerous steps. The practice of coordinating the various activities required to produce and deliver goods and services to a company's customers is known as supply chain management. Designing, farming, manufacturing, packaging, and transportation are all examples of supply chain activities.To learn more about supply chain, refer to:
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paula works in the services department at a subaru car dealership. paul orders car parts directly from subaru because its parts are created specifically to fit and function properly in its vehicles. which advantage of standardization does this scenario illustrate? multiple choice standardized products function uniformly all the time, so customers get a product that meets their expectations. customers have more choices available to them. the customer gets exactly what they want. the dealership can charge more for a standardized product than a custom-designed product. customers can mix and match components for a customized design.
The advantage of standardization does this scenario illustrate standardized products function uniformly all the time, so customers get a product that meets their expectations. Thus the correct option is A.
What is standardization?The introduction of norms and compatible processes and equipment within a particular industry is commonly referred to as standardization. It ensures that technologies are consistent, accessible, and safe while reflecting the quality and integrity of those technologies.
Standardized products always perform consistently, customers receive a product that lives up to their expectations, which contributes to higher customer satisfaction.
Therefore, option A is appropriate.
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the introduction of efficiency-boosting winglets on aircraft at southwest airlines, and the adoption of automatic mail-sorting machines by the u.s. postal service are examples of:
The introduction of efficiency-boosting winglets on aircraft at southwest airlines, and the adoption of automatic mail-sorting machines by the u.s. postal service are examples of reverse innovation.
What is Reverse innovation?Reverse innovation can be described a the one of the innovation process that is been used in most of the developing as well as the underdeveloped nation which involves the process in which the goods are been developed as inexpensive models so as to be able to meet there needs and make life not to be unbearable for them by reducing the price that they are selling it.
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goods and service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called .
In marketing, the goods & service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called an order winners.
What is an order winners?In marketing, an order winners refers to those variables which permit differentiating the company from competitors while an order qualifiers are the prerequisites for engaging in a transaction. This view of orders can be seen as a unifying approach between the operations management and marketing
Going forward, the order winners are seen as a competitive advantages such as quality, delivery speed, reliability, product design, flexibility and image that cause a firm's customers to select that company's products or services. The order winner is the main reason why customers purchase a company's product. For instance, the Shine family vacations at Lake Tahoe for prestige and quality while they order all of their products from Pramazon for quick delivery speed.
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value catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. the cost formula for catering supplies is $700 per month plus $85 per job plus $13 per meal. a typical job involves serving a number of meals to guests at a corporate function or at a host's home. the company expected its activity in june to be 26 jobs and 150 meals, but the actual activity was 22 jobs and 147 meals. the actual cost for catering supplies in june was $4,420. the catering supplies in the planning budget for june would be closest to:
A spending plan based on income and costs is called a budget. In other words, it's a projection of your income and expenses for a specific time frame, like a month or a year. (Or, if you're keeping track of the money coming in and going out of your home as a whole, that's a family budget.)
Explain about the Budget?A budget is described as a plan or estimate of how much money will be required to cover living expenses or to be spent for a certain goal.
Answer:
$4821 would be the proper response.
Explanation:
Monthly cost of $700 for catering supplies
$98 for each job Activity
A $13 lunch.
Activities to be anticipated OR the budget for catering items would be:
Job activity anticipated is 26
Meals anticipated = 150
Therefore, the costs related to them are as follows:
Cost of Job Activity Expected = 26 * 85
= 2210
Meal Cost Predicted = 147 * 13
= 1911
Now, the total cost of the catering items in the September planning budget would be:
Catering supplies plus anticipated costs for job activities and meals
= 700 + 2210+ 1911
= $4821
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due to a recession, expected inflation this year is only 2.75%. however, the inflation rate in year 2 and thereafter is expected to be constant at some level above 2.75%. assume that the expectations theory holds and the real risk-free rate (r*) is 1.5%. if the yield on 3-year treasury bonds equals the 1-year yield plus 1.0%, what inflation rate is expected after year 1? round your answer to two decimal places.
The inflation rate in year 2 and thereafter is expected to be constant at some level above 2.75%.
Yield on 1 year trasury bond: r1=4.25+3.5 = 7.75%
Now, yield is r3 = 7.75+1.5 = 8.25%
r3=r*+inf
8.25=3.5+inf
inf=4.75%
4.75 = (4.25+i+i)/3
14.25 = 4.25 +2i
2i = 10
i = 5%
Inflation expected after year 1 is 5%
The computation of the inflation rate is expected after Year 1 is shown below:-
the Yield on year 1 treasury bond
Let us assume the inflation rate be I
r1 = risk free rate + Inflation rate
= 2.5% + 2.25%
= 5.75%
r3 = r1 + 0.50%
= 5.75% + 1.50%
= 7.25%
Now,
r3 = risk free rate + IP3
= 7.25% = 2.5% + IP3
IP3 = 4.75%
Year 1 Inflation = 4.75%
Year 2 Inflation = I
Year 3 Inflation = 2
So, inflation rate is expected after Year 1 = (3.25% + I + I) ÷ 3 = 4.75%
(3.25% + I + I) = 14.25%
2(I) = 11%
I = 5.5%
answer is 5.5%
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navarro, inc., plans to issue new zero coupon bonds with a par value of $1,000 to fund a new project. the bonds will have a ytm of 4.89 percent and mature in 15 years. if we assume semiannual compounding, at what price will the bonds sell?
Bonds will be offered for $484.84 per unit.
Bond value = F = $1,000
Yield to maturity is equal to y, which equals 4.89 % annually,
4.89 x 6/12, or 2.445% semiannually.
Years = 15 years (t years)
15 times 2 equals 30 periods of compounding.
To get the bond's value, use the formula below.
P = F/ (1+y^3)
P = 1000/ (1 + 2.445 ^30)
P = $484.84
Due to the bond's Zero Coupon rate, it will sell today for $484.84
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how do private equity firms use incentives (both short term cash bonuses and long term equity) to align managements interests with their own, reinforce a sense of urgency with management, keep management focused on key performance metrics and hold management accountable for achieving such targets?
Employees who participate in equity incentive program receive shares in the business they work for. Shares may be granted in the form of bonds, stocks, warrants, or stock options. The most popular and well-known type of employee equity is stock options.
Explain about the private equity firms?A management agreement for private equity firms typically outlines the remuneration plan and the general partner's ownership stake (GP). The carry charge is typically 20% of earnings above a certain threshold return, while the management cost is often in the range of 2%. Typically, the GP holds 1% of the fund.
Employees who participate in equity incentive programmes receive shares in the business they work for. Shares may be granted in the form of bonds, stocks, warrants, or stock options. The most popular and recognized type of employee equity is stock options.
An equity-based incentive plan's primary purpose is to recruit, keep, and motivate people. Companies frequently give shares or units (these terms are used interchangeably above) in the company to employees, partners, directors, contractors, or other individuals as a form of compensation.
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