Weights of the two containers on the same flight will have a negative correlation." So, the correct option is (b) will have a negative correlation.
A negative correlation may be a relationship between two factors in which an increment in one variable is related to a decline in the other. The perfect negative linear correlation between two variables is indicated by a correlation coefficient of 1 or -1.
The correlation coefficient between the weights of the two containers will be less than 1 because there is some variation in the weights of the containers.
The two containers are regularly chosen so that their add up to weight is near to, but does not exceed the stipulated weight confinement. The suggestion is that if one container is heavier than normal, the other one must too be lighter.
Therefore, the weight of two containers on the same flight will have a negative correlation. Option b. is correct.
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if quantity demamded is completely unresponsive to changes in price ,demand is what?
Answer:
If quantity demanded is completely unresponsive to changes in price, demand is Perfectly inelastic.
Explanation:
Perfectly inelastic demand means that quantity demanded remains the same when price increases or decreases. Consumers are completely unresponsive to changes in price.
I hope it's helpful
How to find total assets on a trial balance
Answer:
Locate the company's total assets on the balance sheet for the period. Total all liabilities, which should be a separate listing on the balance sheet. Locate total shareholder's equity and add the number to total liabilities. Total assets will equal the sum of liabilities and total equity.
Use the drop-down menu to select the education or qualification best demonstrated in each example.
Stella is an Industrial Safety and Health Engineer with a four-year college degree in Engineering.
Yvette thinks of ways to solve environmental problems caused by a manufacturing facility.
Wendell interviews people and reviews records to learn about a manufacturing process.
Desmond analyzes how a manufacturing process affects the environment.
Stella's education or qualification: Four-year college degree in Engineering.
Yvette's education or qualification: Environmental Science or related field.
Wendell's education or qualification: Industrial Engineering or related field.
Desmond's education or qualification: Environmental Engineering or related field.
Stella's education in Industrial Safety and Health Engineering demonstrates her expertise in identifying and reducing workplace hazards, ensuring compliance with safety regulations, and promoting the health and well-being of employees in industrial settings.
Yvette's focus on solving environmental problems caused by a manufacturing facility indicates a background in Environmental Science or a related field, which involves understanding the impact of human activities on the natural environment and developing strategies to mitigate negative effects.
Wendell's work in interviewing people and reviewing records to learn about a manufacturing process suggests a background in Industrial Engineering or a related field, which involves optimizing the efficiency and productivity of industrial processes while minimizing waste and maximizing resource utilization.
Desmond's work in analyzing how a manufacturing process affects the environment requires a deep understanding of Environmental Engineering or a related field, which involves designing and implementing solutions to minimize the environmental impact of human activities and promote sustainable development.
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Stella graduated from a four-year institution with an engineering degree. Education or training held by Yvette: Environmental Science or a similar subject. Wendell has a degree in industrial engineering or a closely connected discipline.
Use the drop-down menu to select the education or qualification best demonstrated in each example.Desmond has a degree in environmental engineering or a closely connected discipline. Due to Stella's training in industrial safety and health engineering, it is clear that she is skilled at spotting and mitigating workplace risks, ensuring that safety rules are followed, and advancing the health and wellbeing of workers in workplaces. Wendell's work in gathering information about a manufacturing process through interviews and record reviews points to a background in industrial engineering or a related field. Industrial engineering entails enhancing the effectiveness and productivity of industrial processes while reducing waste and maximising resource utilisation.
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Horace Company manufactures a professional-grade vacuum cleaner and began operations in 2020. For 2020, Horace budgeted to produce and sell 25,000 units. The company had no price, spending, or efficiency variances and writes off production-volume variance to cost of goods sold. Actual data for 2020 are as follows:_______.
Data: Units produced 21,000 Units sold 18,500 Selling price $432 Variable cost: Manufacturing cost per unit produced: Direct materials $33 Direct manufacturing labor $23 Manufacturing Overhead $62 Marketing cost per unit sold $46 Fixed cost: Manufacturing costs $1,550,000 Administrative costs $906,000 Marketing costs $1,479,000
Requirements:
1. Prepare a 2020 income statement for Horace Company using variable costing.
2. Prepare a 2020 income statement for Horace Company using absorption costing.
3. Explain the differences in operating incomes obtained in requirements 1 and 2.
4. Horace's management is considering implementing a bonus for the supervisors based on gross margin under absorption costing. What incentives will this bonus plan create for the supervisors? What modifications could Horace management make to improve such aplan? Explain briefly.
Answer:
Horace Company
1. 2020 Income Statement using variable costing
Sales revenue $7,992,000
Variable Cost of goods sold:
Manufacturing costs $2,183,000
Marketing cost per unit sold $851,000
Contribution margin $4,958,000
Fixed Costs:
Manufacturing costs $1,550,000
Administrative costs $906,000
Marketing costs $1,479,000
Total fixed costs = $3,935,000
Net income = $1,023,000
2. 2020 Income Statement using absorption costing:
2. Sales revenue $7,992,000
Cost of goods sold:
Variable Manufacturing costs $2,478,000 ($118 * 21,000)
Fixed Manufacturing costs 1,550,000
Total cost of production $4,028,000
Less Ending Inventory 479,525
Cost of goods sold $3,548,475
Gross profit $4,443,525
Period costs:
Variable marketing costs $851,000
Fixed marketing costs 1,479,000
Administrative costs 906,000
Total period costs $3,236,000
Net income $1,207,525
3. The differences that Horace obtains in the operating incomes under variable costing and absorption costing are due to the fixed manufacturing costs that are included in the ending inventory under absorption costing, making the cost of goods sold to be less and resulting in more profits. Under variable costing, the ending inventory does not include the fixed manufacturing costs. So the cost of goods sold is higher, resulting in reduced profits.
4. A bonus for Horace's supervisors based on gross margin under absorption costing will entice supervisors to produce more and sell less products so that the fixed costs can be carried forward. Many products will be left in inventory at the end of the period, which is then carried forward to the following period, thus, enhancing the period's gross profit for maximum bonus for the supervisors.
Modifications that Horace management could make to improve the bonus plan is ensuring that production units do not exceed the budgeted sales units by a large margin and ensuring that ending inventory does not exceed an established limit. This will entice the supervisors to produce according to market demand.
Explanation:
a) Data and Calculations:
Budgeted production and sales units for 2020 = 25,000
Actual production units for 2020 = 21,000
Actual sales unit for 2020 = 18,500
Ending inventory units for 2020 = 2,500
Selling price per unit = $432
Sales revenue = $7,992,000 ($432 * 18,500)
Variable cost:
Manufacturing cost per unit produced:
Direct materials $33
Direct manufacturing labor $23
Manufacturing Overhead $62 $118
Marketing cost per unit sold $46
Total variable costs per unit $164
Fixed cost:
Manufacturing costs $1,550,000
Administrative costs $906,000
Marketing costs $1,479,000
Total fixed costs = $3,935,000
1. 2020 Income Statement using variable costing
Sales revenue $7,992,000 ($432 * 18,500)
Variable Cost of goods sold:
Manufacturing costs $2,183,000 ($118 * 18,500)
Marketing cost per unit sold $851,000 ($46 * 18,500)
Contribution margin $4,958,000 ($268 * 18,500)
Fixed Costs:
Manufacturing costs $1,550,000
Administrative costs $906,000
Marketing costs $1,479,000
Total fixed costs = $3,935,000
Net income = $1,023,000
2. Sales revenue $7,992,000
Cost of goods sold:
Variable Manufacturing costs $2,478,000 ($118 * 21,000)
Fixed Manufacturing costs 1,550,000
Total cost of production $4,028,000 (per unit = $191.81)
Less Ending Inventory 479,525 ($191.81 * 2,500)
Cost of goods sold $3,548,475
Gross profit $4,443,525
Period costs:
Variable marketing costs $851,000
Fixed marketing costs 1,479,000
Administrative costs 906,000
Total period costs $3,236,000
Net income $1,207,525
Q: In about 200 words, write an essay analyzing the STEEPLE Module .
Students are required to define each key concept (STEEPLE) and to illustrate all concepts with examples. (40%)
The STEEPLE model is a very complete model that can be used to analyze the factors that affect a specific situation.
What is the STEEPLE model?This is an analysis model in which each letter represents a factor to be analyzed:
SocialTechnologyEconomicEnvironmentalPoliticalLegalEthicalWhat is an example of this model?Let's analyze a war between two countries:
Social: The families are negatively affected by the war.Technology: Weapons and other technologies are used as part of the war.Economic: The economy of the countries involved and other nearby countries can be negatively or positively affected.Environmental: There is pollution due to waste derived from weapons.Political: Most wars are the result of political conflicts.Legal: There are specific international rules that regulate wars.Ethical: The use of weapons against a population rises ethical concerns and dilemmas.Learn more about analysis in: https://brainly.com/question/5040600
Using your economic knowledge and the information you learned about Oprah Winfrey compose a well-written three-paragraph biography about her that illustrates the importance of the US market-based economy in the entrepreneur’s success.
Oprah Winfrey taught me that the power lies in your fear of it. Real freedom comes from facing the truth. Oprah always saw potential in taking chances, as any great leader would. The biggest risk in life, in her opinion, is not having the courage to take a chance.
Why it is called an entrepreneur?A firm or enterprise's organizer, manager, and risk taker is referred to as the entrepreneur. An entrepreneur is a change agent. Finding innovative methods to combine resources is the process of entrepreneurship.
When the market value created by this novel combination of resources is higher than the market value that these resources separately or in other combinations could create elsewhere, the entrepreneur is successful.
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design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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Explain with examples, the process of screening and evaluating new venture opportunities.
What is a personal income tax
Answer:
Personal income tax is generally computed as the product of a tax rate times taxable income
Explanation:
Answer:
a personal income tax is a tax imposed on individuals or entities that varies with respective income or profits .
Explanation:
Income that people get from wage or salaries, your social security and other governmental benefits.
Identify one supply or demand shifting factor that the community could have some control over or do something about
One supply or demand shifting factor that the community could have some control over is consumer preferences and behaviors.
1. Consumer Education: The community can actively engage in educating consumers about the benefits of certain products or services. By providing information on the positive impacts of choosing certain goods or services, consumers may shift their preferences towards those options, influencing the demand.
2. Marketing and Advertising: Local businesses and organizations can collaborate to promote goods and services that align with the values and preferences of the community. Effective marketing strategies can influence consumer demand and encourage them to choose specific products, thereby shifting the demand curve.
3. Support for Local Producers: Community members can actively support local producers and businesses by purchasing their goods and services. By creating a demand for locally sourced products, the community can influence supply chain dynamics and encourage businesses to cater to their preferences.
4. Sustainable Practices: Promoting sustainable practices within the community can also have an impact on supply and demand. By advocating for eco-friendly products and services, such as renewable energy or ethically sourced goods, the community can create a shift in consumer demand, influencing businesses to adjust their supply accordingly.
5. Collaboration with Local Authorities: The community can collaborate with local authorities to enact policies that align with their preferences. For example, advocating for stricter environmental regulations or supporting initiatives that promote fair trade can influence both supply and demand factors.
By actively engaging in these steps, the community can exert some control over consumer preferences and behaviors, thereby shifting the supply and demand dynamics in their favor.
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You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 6.6 percent, compounded annually. End of year 1. $3,593 2. $3,607 3. $2,836 4. $396 What is the present value of this investment if 6.6 percent per year is the appropriate discount rate?
Answer:
Total PV= $9,192.58
Explanation:
Giving the following information:
You can reinvest these cash flows at 6.6 percent, compounded annually. End of year 1. $3,593 2. $3,607 3. $2,836 4. $396
To calculate the present value, we need to use the following formula on each cash flow:
PV= FV/(1+i)^n
Cf1= 3,593/1.066= 3,370.55
Cf2= 3,607/1.066^2= 3,174.18
Cf3= 2,836/1.066^3= 2,341.18
Cf4= 396/1.066^4= 306.67
Total PV= $9,192.58
What are some solutions for schools to fix the problem of too much work/homework given by teachers
they could give out less homework
give out weekly packets instead of a lot of daily work
only do necessary work
do more work in class
give homework every 2 weeks
or stop giving homework all together
Suppose the economy is in a recession. The economy needs to expand by at least $350 billion, and the marginal propensity to consume is 0.6. What is the least amount the government can spend to overcome the $350 billion gap
Answer:
$140
Explanation:
Calculation for What is the least amount the government can spend to overcome the $350 billion gap
First step is to find the Multiplier using this formula
Multiplier=1(1-Marginal propensity)
Let plug in the formula
Multiplier=1/(1-0.6)
Multiplier=1/0.4
Multiplier=2.5
Now let calculate the least amount the government can spend using this formula
Least amount=Gap/Multiplier
Let plug in the formula
Least amount=$350 billion /2.5
Least amount=$140
Therefore the least amount the government can spend to overcome the $350 billion gap is $140
If the Real Output shifts to the right,
what has occurred?
A. The market will collapse.
B. Prices have gone down.
C. The factors of production have increased.
D. The factors of production have decreased.
If the Real Output shifts to the right, what has occurred is: C. The factors of production have increased.
If the Real Output shifts to the right, what has occurred?If the Real Output shifts to the right, it means that the economy is producing more goods and services than before, and this is typically associated with an increase in the level of economic activity. When the factors of production, such as labor, capital, and technology, increase, it allows an economy to produce more output than before, which can lead to economic growth and expansion.
Options A and B are not correct because an increase in real output is usually associated with an expansion in the market and an increase in prices, respectively. Option D is also incorrect because a decrease in the factors of production would result in a decrease in real output, not an increase.
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Yeager Company pays John Kerr a salary as an employee and also fees for work he does as an independent contractor. Does this violate IRS rules? Why or why not?
Paying an individual both a salary as an employee and fees for work performed as an independent contractor does not necessarily violate IRS rules.
It is possible for an individual to perform both employee and independent contractor work for the same company, but the employer must ensure that the classification is correct and that the individual is paid appropriately.
The employer should also ensure that the proper taxes are withheld and paid on the employee's salary. The employers must be aware of the IRS rules regarding the classification of workers as employees or independent contractors.
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Directions: True or False: Write True if the statement is correct, and False if it is incorrect.
1. According to Philippine law, the majority of the incorporators must not be residents of the Philippines.
2. In sole proprietorship, there is no distinction between the owner and the enterprise.
3. Once the corporation is established, there is no limit to the number of natural or juridical persons who
can invest in the corporation.
4. After establishing the enterprise, the entrepreneur must meticulously screen and hire men and women
who foster the cause and share the commitment of the enterprise.
5. A minimum of two persons can constitute a partnership. However, there is a limit to the number of
persons in a partnership.
6. You go to the office of the Department of Industry (DTI) if you will register you corporation business.
7. The office to visit when registering your solely owned business is Securities and Exchange Commission
8. You go to the Bureau of Internal Revenue when you get Tax Identification Number (TIN)
9. Employers are the only one to pay contribution at the Social Security System (SSS)
10. You cannot start your business without a consultant.
11. Record keeping is not necessary in business operation
12. Record keeping is beneficial to the owner
13.The objective of the businessman should be clear
14. Tasks before starting the business should have a time allotment
15. Records are sources of documents
16. Professional advices is necessary before starting the business
17. Professional advice is not needed during the business operation
18. Bookkeeping is only important to the accountant
19. Record keeping can measure the profit and performance of the enterprise
20. Recordkeeping can be both physical and electronics
The correct answers for the list of questions based on whether they are true or false is:
1. According to Philippine law, the majority of the incorporators must not be residents of the Philippines.
False
2. In sole proprietorship, there is no distinction between the owner and the enterprise.
False
3. Once the corporation is established, there is no limit to the number of natural or juridical persons who can invest in the corporation.
4. After establishing the enterprise, the entrepreneur must meticulously screen and hire men and women who foster the cause and share the commitment of the enterprise.
True
5. A minimum of two persons can constitute a partnership. However, there is a limit to the number of persons in a partnership.
True
6. You go to the office of the Department of Industry (DTI) if you will register you corporation business.
False
7. The office to visit when registering your solely owned business is Securities and Exchange Commission
True
8. You go to the Bureau of Internal Revenue when you get Tax Identification Number (TIN)
True
9. Employers are the only one to pay contribution at the Social Security System (SSS)
False
10. You cannot start your business without a consultant.
False
11. Record keeping is not necessary in business operation
False
12. Record keeping is beneficial to the owner
True
13.The objective of the businessman should be clear
True
14. Tasks before starting the business should have a time allotment
False
15. Records are sources of documents
True
16. Professional advices is necessary before starting the business
True
17. Professional advice is not needed during the business operation
False
18. Bookkeeping is only important to the accountant
False
19. Record keeping can measure the profit and performance of the enterprise
True
20. Recordkeeping can be both physical and electronics
True
What is Recordkeeping?This refers to the act of keeping track of inventory and the history of purchases and sales within a business.
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Task 1: Careers and Educational Requirements Perform online research and choose a career in the financial services industry. Determine the education you will need to prepare for this career.
Task 2: Certification Requirements
For your chosen career, identify the certification or licensing required. Develop a strategy to prepare for certification.
Task 3: Information Technology and Interpersonal Skills
For your chosen career, describe the skills you will need to learn and develop.
For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.
For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.
Task 1- Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career. Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.
Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.
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Use what you have learned about managing risk to complete the following statements.
Smart phones are very expensive. You can purchase a protection plan that lets you
carrier.
Choosing to buy a case for your phone and being careful are ways to
vrisk.
risk with the phone
The phone can be risked by choosing to get a case for it and by being cautious. Hence, (B) is the best choice.
What is meant by Risk Management ?Risks can come from a variety of sources, such as unpredictability in global markets, threats from project failures (at any stage of design, development, production, or sustaining of life cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events with unclear or unpredictable root causes.
Negative occurrences are categorized as dangers, whilst favorable events are categorized as opportunities. Many organizations, including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards (quality management standards)
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Answer:
Use what you have learned about managing risk to complete the following statements.
Smart phones are very expensive. You can purchase a protection plan that lets you
✔ share
risk with the phone carrier.
Choosing to buy a case for your phone and being careful are ways to
✔ reduce
risk.
Explanation:
Place each of the following transactions in one of the four components of expenditure: consumption, investment, government purchases, and net exports. a. Boeing sells an airplane to the U.S. Air Force. b. Boeing sells an airplane to American Airlines. c. Boeing sells an airplane to Air France. d. Boeing sells an airplane to Amelia Earhart. e. Boeing builds an airplane to be sold next year.
Answer:
a. Boeing sells an airplane to the U.S. Air Force. - government purchases.
The U.S. Air Force is a branch of the government, and is buying the airplane from Boeing. Therefore, this is a government purchase.
b. Boeing sells an airplane to American Airlines. - investment.
America Airlines, a private company, is buying the airplane to make profit from it. Therefore, it is an investment.
c. Boeing sells an airplane to Air France. - net exports.
Boeing, an American manufacturer, is selling an airplane to a foreign company: Air France, this is an import, and imports are part of net exports.
d. Boeing sells an airplane to Amelia Earhart. - consumption.
Amelia Earhart, a person, is buying an airplane. This is private consumption.
e. Boeing builds an airplane to be sold next year. - investment.
This airplane is finished inventory ready to be sold, and this type of inventory is considered an investment in the GDP calculation.
A firm has a debt-equity ratio of .64, a cost of equity of 13.04 percent, and a cost of debt of 8 percent. Assume the corporate tax rate is 25 percent. What would be the cost of equity if the firm were all-equity financed
Answer:
11.41%
Explanation:
The cost of equity of an all-equity firm can be derived from the below formula:
Levered Cost of Equity = Unlevered Cost of Equity + (Unlevered Cost of Equity - Cost of Debt) * (1 - tax) * Debt-Equity Ratio
Levered Cost of Equity=13.04%
Unlevered Cost of Equity=the unknown(let us assume it is U)
cost of debt=8%
tax rate=25%
debt-equity ratio=0.64
13.04%=U+(U-8%)*(1-25%)*0.64
13.04%=U+(U-8%)*0.75*0.64
13.04%=U+(U-8%)*0.48
0.1304=U+0.48U-0.0384
0.1304+0.0384=1.48U
1.48U=0.1688
U=0.1688/1.48
U=11.41%
As a new branch manager, explain how your personal values and principles will help you function effectively in your new position
My own beliefs and principles, such honesty, responsibility, and empathy, will direct my decision-making, communication, and team management as a new branch manager, creating a great work environment.
Why are a manager's personal values important?We may order the items on our "to do" lists according to how closely each one corresponds with the things that are truly essential to us when we have a clear understanding of our own values. Having a distinct set of personal values also aids in developing the credibility and trust necessary for effective leadership.
What are the responsibilities, functions, and talents of a manager? How can you become a successful manager?This will involve his capacity for working, inspiring others, communicating, leading, and comprehending others. Both persons and groups are included in this.
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The financial statements of Hainz Company appear below:
HAINZ COMPANY
Comparative Balance Sheet
December 31
Assets 2017 2016
Cash $20,000 $40,000
Short-term investments 20,000 60,000
Accounts receivable (net) 40,000 30,000
Inventory 60,000 70,000
Property, plant and equipment (net) 260,000 300,000
Total assets $400,000 $500,000
Liabilities and stockholders' equity
Accounts payable $20,000 $30,000
Short-term notes payable 40,000 90,000
Bonds payable 80,000 160,000
Common stock 150,000 150,000
Retained earnings 110,000 70,000
Total liabilities and stockholders' equity $400,000 $500,000
HAINZ COMPANY
Income Statement
For the Year Ended December 31, 2017
Net sales $400,000
Cost of goods sold 250,000
Gross profit 150,000
Expenses
Operating expenses $42,000
Interest expense 18,000
Total expenses 60,000
Income before income taxes 90,000
Income tax expense 27,000
Net income $63,000
Additional information:
a. Cash dividends of $23,000 were declared and paid in 2017.
b. Weighted-average number of shares of common stock outstanding during 2017 was 30,000 shares.
c. Market value of common stock on December 31, 2017, was $21 per share.
Required:
(A) Using the financial statements and additional information, compute the following ratios for Hainz Company for 2017. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 52.7.)
1. Current ratio
2. Return on common stockholders' equity %
3. Price-earnings ratio times
4. Acid-test ratio
5. Accounts receivable turnover times
6. Times interest earned times
7. Profit margin %
8. Days in inventory days
9. Payout ratio %
10. Return on assets %
Answer:
(1) 2.33 (2)11.42857 times (3) 31.9375 days (4) 3.846154 times (5) 87.6 days (6) 6.00 times (7) 15.75% (8) 1 times (9) 0.35 (10) 14%
Explanation:
Solution
(1) Current ratio:
Current Ratio = Current Asset / Current Liability = =140000/60000 = 2.33
(2) The return of common equity of stockholders:
Accounts receivable turnover ratio = the net credit sales/ average accounts receivable = $400000/$35000
11.42857 times
(3) Accounts collection period = 365/Accounts receivable turnover ratio =365/11.42857
31.9375 days
(4) Test acid ratio:
The Inventory Ratio Turnover = Cost of Goods Sold/Average Inventory
= $2,50,000/$65000
3.846154 times
(5) Average day to sell inventory = Inventory/Cost of Sales *365
=60000/250000*365
87.6 days
(6) The interest earned times:
Times Interest Earned = (Income before taxes and interest)/interest expense
= ($90000+18000)/18000
= 6.00 times
(7)The Profit Margin = Net Income / Sales
= 63000/400000
=15.75%
(8) The asset Turnover = Sales or Revenues / Total Assets
= $400000/400000 = 1 times
(9) Debt to asset ration = Total Liability / Total asset
= $140000/$400000
=0.35
(10)The return on asset ratio = Net Income/Average total asset
= 63000/450000 =14%
Now,
The total current assets = total assets - Net property, plant, equipment = $400000-$260000 = $140000
The Total current liabilities = [accounts payable + notes payable] $20000 + 40000 = $60000
The Average Account Receivable = (Opening Debtors+Closing Debtors)/2 = ($30000+$40000)/2 = $35000
The Average Inventory = (Opening Inventory+Closing Inventory)/2 = ($70000+$60000)/2 = $65000
Long-term debt + Equity = Total liabilities and equity – Total current liabilities = $275.00 – 65 = $201.00
The Total liability = Accounts Payable+ Notes Payable+Bonds Payable = $20000+40000+80000 = 140000
The Average Total asset = (Total opening asset+ total closing asset)/2 = ($400000+$500000)/2 = $4,50,000
Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:
Aug.1 Inventory on hand—2,100 units; cost $5.40 each.
8 Purchased 10,500 units for $5.60 each.
14 Sold 8,400 units for $12.10 each.
18 Purchased 6,300 units for $5.70 each.
25 Sold 7,400 units for $11.10 each.
28 Purchased 4,100 units for $5.80 each.
31 Inventory on hand—7,200 units.
Required:
Using calculations based on a periodic inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using each of the following cost flow methods.
Using calculations based on a periodic inventory system, the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 Income Statement using the following cost flow methods are:
FIFO Method LIFO Method Weighted Average
Ending Inventory $41,450 $39,900 $40,640
Cost of Goods Sold $88,380 $89,930 $89,190
What are the inventory cost flow methods?The various inventory cost flow methods include:
LIFO (last in, first out)FIFO (first in, first out)Specific identificationWeighted-average cost.Inventory Costing:Date Activities Units Unit Cost Total
Costs Sales
Aug. 1 Inventory on hand 2,100 $5.40 $11,340
Aug. 8 Purchases 10,500 $5.60 58,800
Aug. 14 Sales (8,400) $12.10 $101,640
Aug. 18 Purchases 6,300 $5.70 35,910
Aug. 25 Sales (7,400) $11.10 $82,140
Aug. 28 Purchases 4,100 $5.80 23,780
Total inventory for sale 23,000 $129,830
Aug. 31 Inventory on hand 7,200
Inventory sales 15,800 $183,780
FIFO:
Ending inventory = $41,450 (3,100 x $5.70 + 4,100 x $5.80)
Cost of goods sold = Cost of goods available for sale - Ending inventory
= $88,380 ($129,830 - $41,450)
LIFO:
Ending inventory = $39,900 (2,100 x $5.40 + 5,100 x $5.60)
Cost of goods sold = $89,930 ($129,830 - $39,900)
Weighted Average:
Average cost = $5.645 ($129,830/23,000)
Ending inventory = $40,640 ($5.645 x 7,200)
Cost of goods sold = $89,190 ($5.645 x 15,800)
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Question Completion:FIFO, LIFO, and Weighted Average inventory methods.
221 HW4 Ch 21
Question 6 of 10
- / 1
Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Cost Reconciliation
Cost accounted for
Transferred out
$
Work in process
Materials
$
Conversion costs
Total cost accounted for
$
eTextbook and Media
The cost reconciliation schedule:
Cost accounted for Transferred out $54,000Work in process Materials $36,000Conversion costs $25,500Total cost accounted for $115,500eTextbook and Media $0Transferred out: The transferred out cost is the sum of the materials, labor, and overhead. In this case, it is $36,000 (materials) + $88,500 (labor) + $54,000 (overhead) = $178,500.
Work in process - Materials: The work in process cost for materials is $36,000.
Conversion costs - Work in process: The work in process cost for conversion costs is calculated by multiplying the percentage of completion for conversion costs (50%) by the equivalent units of production for conversion costs (57,000). Therefore, it is 0.5 * 57,000 = $28,500.
Total cost accounted for: The total cost accounted for is the sum of the transferred out cost, work in process cost for materials, and work in process cost for conversion costs. In this case, it is $54,000 + $36,000 + $25,500 = $115,500.
eTextbook and Media: The cost of eTextbook and Media is not specified in the provided information. If there is no cost associated with eTextbook and Media, it would be $0.
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Differentiate foreign investment from the types of aid provided by the UNDP and world bank, citing specific examples of aid from both.
Foreign investment is in domestic companies and assets in another country and made by foreign investors like your participation (ownership stakes) in firm. The types of aid provided by the World Bank are funding, policy advice and technical assistance to developing country governments.
What are foreign investments and their types?A foreign investment is an investment by a foreign investor in a domestic company or property in another country. Large multinationals will look for new opportunities for economic growth by opening branches and expanding investments in other countries.
Types of Foreign Investment in India: Foreign funds can be invested in equity, real estate, ownership/management, or cooperation. Foreign Direct Investment (FDI) Foreign Portfolio Investment (FPI). Foreign Institutional Investment (FII)
What is an example of foreign investment?A major Australian mining company buys a small Angolan company in order to diversify. Both are examples of foreign direct investment, where the business decision to become involved in some way or to have an interest in a company is made by an investor based outside the border.
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Given the data provided in the table below, the total revenue (TR) for production at quantity (Q) level 4 equals
zero
$1.00
$15.00
$20.00
The total revenue (TR) for production at quantity (Q) level 4 , given the data on the table, is D. $ 20. 00 .
How to find Total revenue ?Total revenue refers to the total returns that a company makes when it sells a certain amount of goods or services . This amount has not been adjusted for expenses yet and is simply what is made from sales . If it is adjusted for expenses, then it becomes known as the total profit from the sale of goods and services .
The formula for the total revenue is therefore :
= Quantity of goods or products sold x Price of each unit of the good or product
At production quantity (Q) level 4, the quantity sold is 4 units and the price per unit is $5.
The total revenue is therefore:
= 4 x 5
= $20
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Which symptom must you
report to your manager?
O a. Hives
O b. Coughing
O
c. Vomiting
were can i watch boruto on a school chrome book
Explanation:
Naruspot.tv and Kissanime are the ones I used
Answer:
*me trying to find a place to watch naruto shippuden
*accidentally find this
*me: (☆▽☆)
Explanation:
The following transactions occurred during July:
Received $1,020 cash for services provided to a customer during July.
Received $4,400 cash investment from Bob Johnson, the owner of the business
Received $870 from a customer in partial payment of his account receivable which arose from sales in June.
Provided services to a customer on credit, $495.
Borrowed $7,200 from the bank by signing a promissory note.
Received $1,370 cash from a customer for services to be rendered next year.
What was the amount of revenue for July?
a. $1,020.
b. $3,755.
c. $14,860.
d. $1,515.
e. $2,885
The amount of revenue for July is $1,515.
The computation of the amount of revenue for July is as follows:= Cash received during July month + provided service to the customer on credit
= $1,020 + $495
= $1,515
Therefore we can conclude that the amount of revenue for July is $1,515.
Hence, option d is correct.
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Briefly describe a purchase you made where the customer service level had an effect on the product you selected or where you purchased it?
Answer:
pick 'n pay through daily promotions