Answer:
1. Calculate the equivalent units for the Forming Department for the month of August.
direct materials 60,000 unitsconversion 70,000 units2. Find the cost per equivalent of input resource.
direct materials per unit $2.33conversion cost per unit $3.61Explanation:
beginning WIP 20,000 units:
direct materials 100% = 20,000 equivalent units $80,000
conversion 20% = 4,000 equivalent units $24,000
total $104,000
Units completed and transferred 60,000
Ending WIP = 20,000:
direct materials 100%
conversion costs 70% = 14,000 equivalent units
costs charged:
Direct materials $140,000
Direct labor $105,000
Overhead applied 148,000
equivalent units:
direct materials 60,000 since all materials are added at the beginning
conversion = units started + ending WIP - beginning WIP = 60,000 + 14,000 - 4,000 = 70,000 units
direct materials per unit = total direct materials / equivalent units = $140,000 / 60,000 = $2.33
conversion costs per unit = total conversion costs / equivalent units = $253,000 / 70,000 = $3.61
Matrix management creates an environment in which the unity-of-command principle is strictly followed. is a collection of independent, mostly single-function firms that collaborate to produce a good or service. is composed of dual reporting relationships in which some employees report to two superiors. involves holding employees together by contracts that stipulate results expected, rather than by hierarchy and authority. results in a centralized decision-making system.
Answer:
Matrix management
is composed of dual reporting relationships in which some employees report to two superiors.
Explanation:
Matrix management is a cross-functional work team in which there is dual or multiple management accountability and responsibility. Team members come from different units to achieve a specific business goal or purpose. It is characterized by two chains of command. One chain of command is functional, and the other chain of command is patterned along project, product, client, and other lines.
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
Incentive pay based on the quality of work done, years of service, or a company's sales:
a:net pay
b:wages
c:salary
d:bonus
a firm refers to what is exist to do given a particular group of customers and customr needs
An organizational purpose refers to what a firm exists to do, given a particular group of customers and customer needs.
Even while scholarly interest in organizational purpose has grown, there is still a dearth of academic information and empirical study on the subject. Additionally, studies that have been done have significant flaws, such as a vague conceptualization and misinterpretations that obstruct the future growth and comprehension of organizational purpose.
A for-profit business entity that offers expert services is referred to as a firm. Examples of such entities are corporations, limited liability companies (LLCs), and partnerships. Most businesses only have one location. A business firm, on the other hand, is made up of one or more physical locations that are all owned by the same person and have the same EIN.
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Free Cash Flow
100
Growth rate
2%
Tax Rate
1%
Cost of Capital
5%
Debt-to-total value
50%
Given the data in the above, what is the terminal value of the business (using the growing perpetuity formula)?
Answer:
Explanation:
Terminal value of business Formula = FCF (1+g)/(WACC- g)
Where:
FCF= current free cash flow = 100
g= Growth rate = 2%
WACC = Weighted average cost of capital = Cost of capital = 5%
Terminal Value of the business= FCF (1+g)/(WACC- g)
Terminal Value of the business= 100 (1+2%)/(5%- 2%)
Terminal Value of the business= 3,400
You Save Bank has a unique account. If you deposit $9,750 today, the bank will pay you an annual interest rate of 6 percent for 3 years, 6.6 percent for 2 years, and 7.3 percent for 6 years. How much will you have in your account in 11 years
Amount in 11 years =Deposit Today*(1+Rate 1)^3*(1+Rate 2)^2*(1+rate 3)^6=9750*(1+6%)^3*(1+6.6%)^2*(1+7.3%)^6
=20138.86
By 1920, advertising was generating
$300,000 in revenue
$3 billion in ad revenue
$13 million in ad sales
None of the above
Answer:
By 1920, advertising was generating $3 billion in ad revenue.
Explanation:
Answer:
c
Explanation:
Which statement in the given text points to George being an ethical leader?
George had been working as a manager in a company that ran a chain of restaurants. His company had been going through a lot of transition in the past year because they wanted to improve their public image.
George made sure that the restaurant served all the dishes that were popular in the locality.
George set up standards regarding the disposal of the restaurant’s waste products and made sure they were followed.
He also heavily advertised about the company’s food along the various highways. He also ran advertisements in national newspapers.
He set up a close-knit monitoring system in the kitchens and the service area to make sure that the quality standards were maintained.
Answer:
George set up standards regarding the disposal of the restaurant’s waste products and made sure they were followed.
THE FOLLOWING INFO IS AVAILABLE FOR BERLIN CORPORATION FOR THE YEAR ENDING 12/31/20. OTHER REVENUE/GAINS= 12700, OTHER EXPENSES/LOSSES=13300, COST OF GOODS SOLD= 156000SALES 592000, OPERATING EXPENSES= 186000, SALES RETURNS= 40000. PREPARE A STEP-BY-STEP INCOME STATEMENT. TAX RATE IS 30 PERCENT
Based on the information available for Berlin Corporation, the step - by - step income statement would be:
Berlin Corporation.
Income Statement
Sales Revenue $592,000
Less: Sales Return $40, 000
Net Sales $552, 000
Less : Cost of Goods sold ($156, 000)
Gross Profit $396, 000
Less Operating expenses: (186, 000)
Income from operations $210, 000
Other Revenue /Gains 12, 700
Other Expenses /Losses (13, 300) ( 600 )
Income before income taxes $209 ,400
Less: Income tax expense ($62, 820)
Net Income / (Loss) $146,580
What goes into an income statement?An income statement is the financial document that is used to find the amount of net income or loss that a company made in a certain period of time which is often a year or a quarter.
The main components of a net income statement are the revenue, the cost of goods sold, the gross profit, the operating expenses, and the net income.
To find the net income, subtract cost of goods sold and the operating expenses from the sales revenue.
In this case, you need to find the taxes to Berlin Corporation as well:
= Income before taxes x Income tax rate
= 209, 400 x 30%
= $62, 820
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If Amelia would like to double her money in twelve years, how much interest does she need to earn O 12 percent O 16.6 percent O 6 percent 10 percent
Out of the given answer choices, the interest rate that Amelia needs to earn to double her money in twelve years is 16.6 percent.
To find out how much interest Amelia needs to earn to double her money in twelve years, we need to use the compound interest formula.
This formula is used to determine the future value of an investment based on the principal, the interest rate, the number of compounding periods, and the time involved.
The formula is as follows: FV = PV x (1 + r/n)^(n*t)where FV = future value, PV = present value (the amount of money Amelia currently has), r = annual interest rate, n = number of times the interest is compounded per year, and t = time in years.
To double her money, Amelia needs to have a future value that is twice her present value. Therefore, we can set FV = 2PV and solve for r.
2PV = PV x (1 + r/n)^(n*t)Dividing both sides by PV, we get:2 = (1 + r/n)^(n*t)
Taking the natural logarithm of both sides, we get: ln(2) = ln[(1 + r/n)^(n*t)]
Using the power rule of logarithms, we can simplify the right side of the equation to ln(2) = (n*t) ln(1 + r/n)
Dividing both sides by (n*t), we get:ln(2) / (n*t) = ln(1 + r/n)
Finally, we can solve for r by raising both sides as the power of e: e^(ln(2) / (n*t)) = 1 + r/n
Subtracting 1 from both sides and multiplying by n, we get:r = n x (e^(ln(2) / (n*t)) - 1)
Plugging in the values given, we get:r = n x (e^(ln(2) / (n*12)) - 1)
We don't know the value of n, so we can try each of the answer choices to see which one gives us a value of r that works.
Using a financial calculator or a spreadsheet program like Excel, we can calculate the values of r for each interest rate.
Using 12 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0956 or 9.56 percent
Using 16.6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.1407 or 14.07 percent
Using 6 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0488 or 4.88 percent
Using 10 percent: r = 1 x (e^(ln(2) / (1*12)) - 1) = 0.0794 or 7.94 percent
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Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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Households with net worth in the negative or zero have the highest average credit card debt.Why do you think this is?
Households with net worth in the negative or zero may have the highest average credit card debt because they face financial difficulties on account of lower incomes.
Why do lower net worth households have debt ?It's possible that these households experience financial hardships or lower incomes which restrict them in building savings and assets. Hence, they end up resorting to credit cards as means of survival, and this may be a key reason behind their increased level of credit card debt.
Moreover, it is likely that households with negative or no net worth confront limited access to alternative forms of credit, like loans or lines of credit. Consequently, these people probably feel compelled to rely on credit cards increasingly for borrowing purposes. In turn, this tendency could augment their level of credit card debt.
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In your own words, explain the usefulness of spreadsheet models.
Answer:
huh??huh?huh?huh?huh?
In this unit, you learned about using the internet for business purposes. What forms of business communication rely on the internet? How do these forms differ from each other? What are some of the risks associated with internet-based communication? Which form do you think businesses find most useful for reaching the public? Why?
Answer:The forms of business purpose is Email, instant messaging, websites, blogs, text messaging, voicemail and video messaging.Each form have there way of doing things like emailis a message.and video message is a massage but you can see who you are talking to.The Form that I think is useful is Email because everyone use it.
ty
By saving time and money, switching from paper to electronic communications might actually make it easier for your company to communicate. A few types of electronic communication include email, instant messaging, websites, blogs, text messages, voicemail, and video messaging.
What do you mean by the business Communication?Information sharing in the workplace and with external parties is referred to as business communication.
Digital media are used in internet marketing to spread awareness of your company and encourage customers to buy your goods and services.
According to the guidelines, despite the huge and constantly expanding range of issues categorized as online safety, they may be divided into four categories of risk: content, interaction, conduct, and commerce.
A useful electronic communication tool for marketing is the blog. Electronic communication that is effective has a distinct message.
Therefore, by saving time and money, switching from paper to electronic communications might actually make it easier for your company to communicate. A few types of electronic communication include email, instant messaging, websites, blogs, text messages, voicemail, and video messaging.
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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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Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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Which set of documents do you need to correct a mistake on a filed tax return
Answer:
Form 1040x
Explanation:
How to answer the question “why do you want to work here” for a restaurant
Answer:
You can say “I would like this job so I can start to become more independent so I’m not completely lost by the time I’m 18” or if your older than 18 you can say “I’m looking for a good opportunity to earn some money to get some money for a new car ‘or’ a nice apartment
Explanation:
Plz give brainleist and rating thanks;P
State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. also, indicate its normal balance.
Typical Entrees Normal Balance
1. Accounts Payable -
2. Cash -
3. Dividends -
4. Miscellaneous
5. Insurance Expense
6. Fees earned
Answer:
Explanation:?
Why do companies wish to have financial slack?
This extra money is available to help a company survive difficult times, such as decreases in sales, revenues or profits
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their
own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own
necessities, but of their advantages"
After reading the quote above it can be inferred that
A The author believed people were motivated to act by their humanity alone
B The author believed that individuals act in a self-serving fashion
C The author believed that a large government was needed to meet the needs of citizens
D The author supported communal property
B The author believed that individuals act in a self-serving fashion. The quote suggests that people are motivated to act based on their own self-interest rather than any inherent benevolence or concern for others.
case study “Nürnberg Augsburg Maschinenwerke (N.A.M)” Contemporary Logistics
The case study "Nürnberg Augsburg Maschinenwerke (N.A.M)" focuses on the logistics operations of the company. N.A.M is a manufacturing company that produces machine tools and specializes in CNC (Computer Numerical Control) machining centers. The company faces various logistical challenges and seeks to improve its operations to enhance customer satisfaction and profitability.
In this case study, several key topics related to contemporary logistics are explored. Some of these include:
1. Supply chain management: The case study examines how N.A.M manages its supply chain, including the procurement of raw materials, inventory management, and supplier relationships.
It discusses the importance of effective supply chain management in ensuring smooth operations and reducing costs.
2. Distribution network design: The case study delves into the design of N.A.M's distribution network, including the location of warehouses and distribution centers.
It discusses the factors that influence network design decisions, such as customer proximity, transportation costs, and service requirements.
3. Inventory management: The case study explores how N.A.M manages its inventory levels to balance customer demand and production capacity.
It discusses inventory control techniques, such as Just-in-Time (JIT) and Economic Order Quantity (EOQ), and their impact on operational efficiency.
4. Transportation management: The case study highlights the transportation challenges faced by N.A.M, including the need to transport heavy and bulky machine tools to customers.
It discusses strategies for optimizing transportation, such as route planning, load consolidation, and choosing the appropriate mode of transportation.
5. Information systems: The case study emphasizes the importance of information systems in managing N.A.M's logistics operations.
It discusses the role of technology in tracking inventory, optimizing production schedules, and enhancing communication with suppliers and customers.
Overall, the case study provides insights into the complexities of contemporary logistics and the strategies employed by N.A.M to overcome logistical challenges. It showcases the importance of efficient and well-coordinated logistics operations in achieving customer satisfaction and maintaining a competitive edge in the market.
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explain Milton Friedman’s arguments against stakeholder theory
A company issued 5-year, 6% bonds with a par value of $97,000. The company received $94,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is:______.
Answer:Interest expense=$2,704.70
Explanation:
Cash Interest paid for the first semiannual interest period = Principal x Rate x Time (Period)
$97,000 × 0.06 × 1/2 year =$2,910
Straight line method to calculate the premium amortized=Bond Issue Price – Face Value)/ Bond term
= ($97,000 − $94,947) / 5 /2 = $2,053/10 =$205.30
Interest expense=Cash Interest paid - premium amortized
$2,910 − $205.30 = $2,704.70
What stock should I buy
which business function is concerned with delivering a product or service to customers?
Answer:
Production
Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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The life insurance cash needs approach includes an emergency reserve refund designed primarily to
The life insurance cash needs approach includes an emergency reserve refund designed primarily to cover the cost of unexpected expenses.
A cash-value life insurance policy might be viewed as an investment. In certain businesses, a part of the premiums is placed in a cash savings account where it earns interest and may result in tax savings. Life insurance is a contract between a policyholder and an insurer wherein the insurer agrees to pay a sum of cash in exchange for a premium upon the demise of an insured person or after a predetermined amount of time. When an insured individual passes away too soon, the main goal of life insurance is to compensate dependents financially. When the insured person passes away, the life insurance pays predetermined cash known as a "death benefit" to the designated beneficiary.
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A successful data-driven market segmentation program depends on each of the following except:
a.
the rejection of tradiitional marketing research techniques
b.
the use of transactional and event data
c.
a common definition of market segments across all areas of the business
d.
developing a centralized and accessible CRM (Customer Relationship Management) database
A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".
The correct option to the given question is option a.
Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.
Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.
Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.
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what are your political beliefs?
Answer:
political belief or activity means your beliefs and actions, as long as they are lawful. ... That means it is against the law to discriminate against you because you support a certain political party or because you don't support a certain political party.
Explanation: