Answer:
Film industry
The film industry is the cinema business under which several different movies are made throughout the year. In India, particularly more than 10 established movie industries work on different regional areas with the Hindi movie industry in Mumbai leading its way to the top.
The movie industry of India is not only the backbone of economy in their regional areas but also provide a lot of revenue to the Country in form f taxes. They are also a good source of employment for a number of individuals.
The wages in the industry are variant based upon the work done withe actors getting the biggest part and the crew workers getting the lowest. The crew members usually get daily wages for their work.
Janos Corporation, which has only one product, has provided the following data concerning its most recent month of operations: What is the net operating income for the month under absorption costing
Answer:
$12,200
Explanation:
Note: Question is attached as picture below
Under absorption costing net operating income
Details Amount
Sales per unit $111
Less: Variable cost
Direct materials ($29)
Direct labors ($30)
Variable manufacturing overheads ($4)
Variable selling and administration overheads ($9)
Contribution per unit = Sales less variable cost $39
Contribution in value ($39 * 2,200 units) $85,800
Less: Fixed manufacturing over heads ($34,000)
Fixed selling and admin over heads ($39,600)
Net Operating Income $12,200
Kevin McCormick is buying a sports utility vehicle at a car dealership. The base price is $25,565; the factory installed options totaled $2,764; and the destination charge is $495. What is the sticker price?
Answer:
$28, 824
Explanation:
The sticker price is also known as the MSRP, or the manufacturer recommended retail price. It includes any dealer-installed accessories, any fees, and add-on products plus dealer markup.
The sticker price is this scenario will include
The base value $25,565, plus factory installed options $2,764, plus the destination charge $495.
= $25,565 + $2,764 + $495.
= $28, 824
When considering total depreciation recorded over the entire life span of an asset, the method resulting in the highest total depreciation is:
Answer: All three methods result in the same amount of total depreciation
Explanation:
Depreciation is when the value of an asset has been reduced because the asset has been used or due to wear and tear.
When considering total depreciation recorded over the entire life span of an asset, the method resulting in the highest total depreciation is the straight line method, the double declining balance method, and the activity method.
Therefore, option the answer will be that "all three methods result in the same amount of total depreciation". This is because the amount charged for depreciation can not exceed the cost involved and will be identical for the three methods
The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to become a millionaire by the end of her working career
Answer:
$450.18
Explanation:
Missing word "Assume a 6% interest rate, compounded monthly?"
FV = P/i*[(1+i)^n - 1]
FV = 1,000,000. P = ? , I = 6%/12 = 0.5%
1,000,000 = P/0.005[(1 + 0.005)^500 - 1)
1,000,000 = P/0.005[(1.005)^500 - 1)
5,000 = P[12.1068 - 1]
5,000 = P[11.1068]
P = 5,000/11.1068
P = 450.174667771
P = $450.18
Thus, the engineer needs to save $450.18 each month to become a millionaire by the end of her working career.
A resort hotel is planning to install a computerized inventory system to manage complementary guest items such as soap and shampoo. The daily demand for bars of soap appears to be distributed normally, with mean = 16 and standard deviation = 3. Assume there are 365 days considered for this inventory system. Once an order is placed, it takes seven days before delivery is made. The effort for the staff person to place an order is $10. The annual holding cost of a bar of soap is $0.05. The hotel is concerned about stock-outs of such a basic item and, thus, desires a 99.9% service level.
a. Recommend an order quantity and reorder point for this inventory system.
b. What is the total annual cost for this inventory system?
Answer:
a) safety stock = z-score x √lead time x standard deviation of demand
z-score for 99.9% = 3.29053
√lead time = √7 = 2.6458
standard deviation of demand = 3
safety stock = 3.29053 x 2.6458 x 3 = 26.12 ≈ 26 soaps
reorder point = lead time demand + safety stock = (7 x 16) + 26 = 138 soaps
EOQ = √[(2 x S x D) / H]
S = order cost = $10
D = annual demand = 16 x 365 = 5,840
H = $0.05
EOQ = √[(2 x $10 x 5,840) / $0.05] = 1,528.40 ≈ 1,528 soaps
b) total order costs per year = (5,840 / 1,528) x $10 = $38.22
total holding costs = (1,528 / 2) x $0.05 = $38.20
total annual ordering and holding costs = $76.42
Jennifer received $6,000 interest; $4,800 was tax-exempt and $1,200 was taxable. In earning this income, she had $500 of expenses. Jennifer cannot specifically identify the amount of each expense item that is for each income item. What amount of interest expenses can Jennifer deduct from her tax return for tax year 2019
Answer:
The amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 is $100.
Explanation:
The amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 can be calculated using the following formula:
Interest expenses deductible = (Taxable interest / Total interest) * Interest expenses .................... (1)
Where;
Taxable interest = $1,200
Total interest = $6,000
Interest expenses = $500
Substituting the values into equation (1), we have:
Interest expenses deductible = ($1,200 / $6,000) * $500
Interest expenses deductible = 0.20 * $500
Interest expenses deductible =$100
Therefore, the amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 is $100.
A tax preparer is part of
A Business management
B Administrative support
C Financial planning and management
D. Accounting
Answer:
c
Explanation:
i took the test
What is the term for the price Kelley blue book considered to be the correct amount expect to pay for a car
Answer:
book value
Explanation:
a p e x
the contractor is performing exceptionally, especially Sally, How do you as the COR recognize Sally's accomplishments?
As the Contracting Officer's Representative (COR), there are several ways you can recognize Sally's accomplishments and show appreciation for her exceptional performance. Here are a few suggestions:
Verbal recognition: Personally acknowledge Sally's achievements by expressing your appreciation directly.
Written commendation: Prepare a formal letter or email addressed to Sally, expressing your recognition and gratitude for her exceptional performance.
Public recognition: Take the opportunity to publicly recognize Sally's accomplishments during team meetings, project updates, or other appropriate forums.
Award or certificate: Consider presenting Sally with an award or certificate to commemorate her exceptional performance.
Additional responsibilities or growth opportunities: Acknowledge Sally's outstanding work by offering her new responsibilities or opportunities for professional growth.
Informing her superiors: Ensure Sally's supervisors or higher-level management are aware of her exceptional performance.
Learn more about commendation here:
brainly.com/question/33600886
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Suppose that the market for painting services is perfectly competitive. Painting companies are identical; their long-run cost functions are given by: Market demand is: The long-run equilibrium price in this industry is $____. 173.5 162.5 194.5 155.5
Answer:
b. 162.5
Explanation:
Missing question "long-run cost functions are given by TC(Q)= 6Q^3-30Q^2+200Q"
TC(Q)= 6Q^3-30Q^2+200Q"
Marginal cost = 18Q^2 - 60Q + 200
Average Total Cost = 6Q^2 - 30Q + 200
ЭATC / ЭQ = 0
12Q - 30 = 0
Q = 2.5
ATC = 6Q^2 - 30Q + 200
ATC = 6*(2.5)^2 - 30(2.5) + 200
ATC = 37.5 - 75 + 200
ATC = 162.5
Thus, P = 162.5
What is the term used to describe the reduction of the balance owed on a loan with each payment made over a period of time?
a. a buy-down.
b. shared-appreciation.
c. prepaid interest.
d. amortization.
e. a rate cap.
Answer:
The term used to describe the reduction of the balance owed on a loan with each payment made over a period of time is:
d. amortization.
Explanation:
Amortization of a loan is the gradual reduction of the balance owed on a loan because payments are being made over a period of time. Each payment is, therefore, a reduction of the borrowed fund. This gradual reduction through periodic payments is called amortization of the borrowed fund. Loan amortization, therefore, implies the spreading out of the loan payments over time. It is not the same as asset amortization, which is a kind of depreciation.
describe the difference between autonomous expenditure and induced expenditure. Which sectors of the economy are assumed to have both types of spending and which are not
Answer:
The difference between autonomous expenditure and induced expenditure is as follows:
The autonomous expenditure is incurred even without a disposable income. The expenditure is incurred to provide basic necessities of life. In such a situation, the person spends from savings account or borrows to ensure that the basic necessities are provided.
On the other hand, induced expenditure is a disposable income-based expenditure. This implies that when disposable income rises, induced expenditure also rises, and vice versa. Induced expenditure is usually incurred to fund normal goods and services and not necessities. Without disposable income, there is no induced expenditure.
All the four sectors of the economy engage in these expenditures. The public (government) and household sectors are mostly affected. However, even the business and non-profit sectors are also affected by these types of expenditure.
Explanation:
We can distinguish between two types of aggregate expenditure. The first one is autonomous aggregate expenditure, which does not vary with the level of real GDP while induced aggregate expenditure varies with real GDP.
This tool (refer to the graphic), which helps the Ritz-Carlton (a luxury hotel) is known as the Zone of Tolerance concept. Its purpose is to:_________
a) evaluate employee performance in a service context
b) evaluate the quality of its service relative to that of competitors
c) understand consumer behavior in a service context
d) measure financial performance of a service
Answer: understand consumer behavior in a service context
Explanation:
The zone of tolerance typicall has to with how consumers perceive a product which can either be the desired satisfaction or meet the consumers minimum standard.
Therefore, the purpose of the zone of tolerance is to understand consumer behavior in a service context
Cullumber Products plans to produce 10200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound. What standard material cost would the company use to plan for production?
Answer:
Standard direct material cost= $306,000
Explanation:
Giving the following information:
Cullumber Products plans to produce 10,200 units in January. Each unit requires 6 pounds of plastic, which costs $5 per pound.
First, we need to calculate the standard pounds needed:
Standard pounds of plastic= 10,200*6= 61,200 pounds
Now, the standard cost:
Standard direct material cost= 61,200*5
Standard direct material cost= $306,000
Your company is considering the replacement of an old delivery van with a new one that is more efficient. The old van cost $40,000 when it was purchased 5 years ago. The old van is being depreciated using the simplified straight-line method over a useful life of 8 years. The old van could be sold today for $7,000. The new van has an invoice price of $80,000, and it will cost $6,000 to modify the van to carry the company's products. Cost savings from use of the new van are expected to be $28,000 per year for 5 years, at which time the van will be sold for its estimated salvage value of $23031. The new van will be depreciated using the simplified straight-line method over its 5-year useful life. The company's tax rate is 35%. Working capital is expected to increase by $5525 at the inception of the project, but this amount will be recaptured at the end of year five. What is the terminal cash flow, to the nearest dollar?
Answer:
$51,164
Explanation:
The project's terminal cash flow is basically the cash flow of the project's last year.
depreciable value = $80,000 + $6,000 - $23,031 = $62,969
depreciation expense per year = $62,969 / 5 = $12,593.80 per year
net cash flow year 5 = [(savings - depreciation expense) x (1 - tax rate)] + depreciation expense + salvage value + recovery of net working capital = [($28,000 - $12,593.80) x (1 - 35%)] + $12,593.80 + $23,031 + $5,525 = $51,163.83 ≈ $51,164
Assume new machines have a new cost-saving technology that is not in older machines. What characteristics is true of a perfectly competitive industry which is in the period of adjustment to this new technology?
Answer:
The correct option is (3) At the end of the adjustment period the newer-technology firms will be making economic profit because costs are lower.
Explanation:
According to the given scenario, in the case when the new machine have a saving technology with respect to the cost as compared with the older machines so here the attribute that should be true with regard perfect competitive industry is that at the closing period of adjustment the new technology firm would earned more economic profit as there is a lesser cost compared with the older technology firm
Therefore the correct option is (3)
Data for Yipuum207, a large merchandiser, is below:
a. Sales are budgeted at $305,000 for November, $325,000 for December, and $225,000 for January.
b. Collections are expected to be 65% in the month of sale and 35% in the month following the sale.
The cost of goods sold is 80% of sales.
Yipuum207 desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
Other monthly expenses to be paid in cash are $22,600.
Monthly depreciation is $28,500.
Ignore taxes.
(ID#80825)
Assets
Cash $29,000
Accounts receivable 78,000
Merchandise inventory 182,400
Property, plant and equipment, net of $624,000 accumulated depreciation 1,006,000
Total assets $1,295,400
Liabilities and Stockholders' Equity
Accounts payable $241,000
Common stock 742,000
Retained earnings 312,400
Total liabilities and stockholders' equity $1,295,400
Required:
What are the expected cash collections for Yipuum207 in December?
Answer:
Yipuum207
The expected cash collections for Yipuum207 in December is:
$318,000.
Explanation:
a) Data and Calculations:
November December
Budgeted sales $305,000 $325,000
65% month of sale 198,250 211,250
35% month following 78,000 106,750
Total collections $276,250 $318,000
b) The expected cash collection for December is made up of the 65% cash collected from December sales and the 35% of November sales. Other months' sales will not affect the cash collection in December under the given scenario. Therefore, the total cash collection for the month of December is $318,000.
Read the following scenario:
The community of Springfield (population approximately 100,000) is made up of hardworking, mostly older, factory laborers who contributed to both the city and county growth from the late 1950s through early 2005. Since the plant closed, many of the former workers have little to look forward to. There are few jobs available and they are now aging; most are 60 years of age or older.
The Memorial Hospital has been in existence since the mid-1950s and has several primary care physicians and nurse practitioners, a couple of general surgeons, and one cardiologist, but no cardiac surgeons.
Many nurses are recruited from the nearby community college, and the hospital serves as the facility for clinical rounds in their education.
The community is pretty sedentary, with the exception of an occasional game of horseshoes. Cigarette smoking is prominent.
Serious concerns surround the continued existence of the hospital because many residents seek and obtain health care services elsewhere.
Compare the population of this city to other problem areas using the Healthy People sources. The town’s population is approximately 100,000, making the comparison fairly straightforward.
Answer:
just need points sorry
Explanation:
What notation, if any, is made in a formal business letter that contains additional documents in the envelope?
“More”
“Enc.” or “Att.”
“Add plus 1”
None of the above
Answer:
The notation that is made in a formal business letter that contains additional documents in the envelope is:
“Enc.” or “Att.”
Explanation:
"Enc." means "Enclosures," while "Att." means "Attention." These notations draw the attention of the letter recipient to the fact that there are other documents that may be accompanying the business letter. The plural form of the word "Enclosures" is regularly used with the number of enclosures indicated. But if it is one document, then the word "Enclosure" is preferred, indicating that the document is not more than one. When "Attention" or "Att." is used, the documents are listed.
A person who takes aspirin most likely has a(n) ________demand for that drug. Therefore an increase in the price of aspirin will result in ________ total revenue for the drug company.
Answer: e. inelastic; increased
Explanation:
Aspirin is a pain medication which means that those who take it likely need it or are addicted to it. Either of these would lead to the person having an inelastic demand for it.
This means that if the company producing aspirin were to increase the price, the person would still buy aspirin and this would increase the revenue of the company because they would be making more per drug.
Between 1890 and 1914, the gold stock of the world _______________ and world prices (in general) Question 9 options:
Answer:
Doubled; increased.
Explanation:
Gold is a chemical element and it is the element 79 on the periodic table. Thus, it has an atomic number of 79. The chemical symbol for Gold is Au, it is chemically classified as a transition metal and as a solid at room temperature.
Generally, the chemical element Gold is known to be malleable, ductile and a good conductor of electricity and heat. Also, it is a non-toxic chemical element with a beautiful lustrous sheen.
For a very long time, gold has been of great economical value to people across the world and as such was considered a commodity money. Also, it was used for making jewelries, ornaments, house accessories etc.
A commodity money simply refers to money that derives its value from the commodity with which it is created from. Some examples of commodity money are gold, diamonds,
Between 1890 and 1914, the gold stock of the world doubled and world prices (in general) increased.
Tweaking the Initial Assembly-Line Design From past experience, Toshihiro has found that the initial assembly-line design supplied by the engineers often needs to be tweaked. Consider the following questions that Toshihiro is considering: What is the daily capacity of the assembly line designed by the engineers
Answer:
259 units per day.
Explanation:
The line operates for 7.5 hours per day. Workstation 4 is the bottleneck in the initial line balance, limiting the cycle time to 1.73 minutes, so output is limited to 34.61 units/hours × 7.5 hours = 259 units per day.
On December 2, ABC Company acquired 1,300 shares of its $3 par value common stock for $25 each. On December 20, ABC Company resold 900 shares for $13 each. Which of the following is correct regarding the journal entry for the resold shares?
a. Credit Additional Paid-in Capital $7,000
b. Credit Treasury Stock $20,000
c. Debit Cash $15,400
d. Credit Treasury Stock $11,000
Answer:
There is no correct statement regarding the journal entry for the resold shares.
Debit Cash $11,700 ($13 * 900)
Credit Treasury $2,700 ($3 * 900)
Credit APIC $9,000 ($10 * 900)
Explanation:
a) Data and Calculations:
Dec. 2 Repurchased 1,300 shares of its $3 par at $25 each = $32,500 (Cash is credited). Treasury stock is debited with $3,900 while APIC (Additional Paid-in Capital) is debited with $28,600.
Dec. 20, Resold 900 shares of $3 par at $13 each = $11,700 (Cash is debited). Treasury Stock is credited with $2,700 while APIC is credited with $9,000. The above transactions are recorded as indicated when using the par value approach. Since none of the options agrees with the above treatment, there is no correct statement.
Krepps Corporation produces a single product. Last year, Krepps manufactured 35,040 units and sold 29,600 units. Production costs for the year were as follows: Under absorption costing, the ending inventory for the year would be valued at:
Answer:
Ending Inventory will be valued at $171,604
Explanation:
Your question was incomplete, I have attached the full question as an image below.
Ending Inventory = Total manufacturing cost × Ending Inventory / Units Manufactured
where,
Total Manufacturing Cost Calculation :
Direct materials $266,304
Direct labor $157,680
Variable manufacturing overhead $297,840
Fixed manufacturing overhead $385,440
Total Manufacturing Cost $1,107,264
Ending Inventory = $1,107,264 × (35,040 units - 29,600 units) / 35,040 units
= $171,604
Therefore, ending Inventory will be valued at $171,604
Grandview Inc. will issue new common stock to finance an expansion. The existing common stock just paid a $1.50 dividend, and dividends are expected to grow at a constant rate 8% indefinitely. The stock sells for $45, and flotation expenses of 5% of the selling price will be incurred on new shares. What is the cost of retained earnings for Grandview
Answer: 11.79%
Explanation:
Cost of Retained earnings is calculated by the formula;
= (Next dividend / ( Price - Net price) ) + growth rate
= ((1.50 * 1.08) /( 45 - (45 * 5%) ) + 8%
= 11.79%
An investor purchases a stock for $45 and a put for $0.85 with a strike price of $41. The investor sells a call for $0.85 with a strike price of $54. What is the maximum profit and loss for this position
Answer and Explanation:
The computation of the maximum profit and the loss for the position is as follows:
Maximum profit is
= Call option strike price + Call price - Purchase price - Put price
= $54 + $0.85 - $45 - $0.85
= $9.00
And,
Maximum loss = - Purchase price - Put price + Put option strike price + Call price
= - $45 - $0.85 + $41 + $0.85
= - $4.00
We simply applied the above formula so that the correct value could come
And, the same is to be considered
These are goals that you will achieve over a longer period of time, anywhere from one to twenty years. These are often our most meaningful and important goals. Short-term goals
Long-term goals
Intermediate goals
Specific goals
A company issues 10%, 6-year bonds with a par value of $230,000 on January 1 at a price of $240,486, when the market rate of interest was 9%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:______
Answer:
the amount of each semiannual interest payment is $11,500
Explanation:
The computation of the amount of each semiannual interest payment is shown below:
= Par value × rate of interest × given months ÷ total months
= $230,000 × 10% × 6 months ÷ 12 months
= $11,500
Hence, the amount of each semiannual interest payment is $11,500
We simply applied the above formula so that the correct value could come
And, the same is to be considered
A stock has an expected return of 15.1 percent, the risk-free rate is 5.95 percent, and the market risk premium is 7.8 percent. Required: What must the beta of this stock be
Answer:
1.17%
Explanation:
Expected return is 15.1 %
Risk free rate is 5.95 %
Market risk premium is 7.8%
Therefore the beta can be calculated as follows
Expected return= risk free rate + (beta×market risk premium)
15.1%= 5.95% + (beta × 7.8%)
15.1%-5.95%= 7.8% beta
9.15%= 7.8% beta
beta= 9.15%/7.8%
beta= 1.17%
Clydesdale Company has sales of $4,500,000, invested assets of $2,000,000, and operating expenses of $3,600,000. The company has established a minimum return on investment of 7%. Clydesdale Company's return on investment is
Answer: 45%
Explanation:
Return on investment = Net operating income / Invested Assets
Net Operating Income = Sales - Operating expenses
= 4,500,000 - 3,600,000
= $900,000
Return on Investment = 900,000/2,000,000
= 45%
