Company X raises $100,000 by issuing a combination of equity and taking out a bank loan. Equity makes up 65% of the total funds raised and 10,000 shares of common stock were sold. If the total APIC is equal to $45,000, what is the par value of a share of the common stock (in dollars)?
Answers
Company X raises $100,000 by issuing-----------. The par value of a share of the common stock is $2. The total amount of money raised from the sale of common stock is equal to the par value of the common stock plus the (APIC).
What are shares?Shares refer to units of ownership in a company or corporation. When a company is formed, it can choose to sell shares of ownership to investors, who become shareholders or stockholders.
Each share represents a fraction of ownership in the company, and shareholders have the right to vote on certain decisions related to the company's operations.
In the above case, the par value of a share of the common stock is $2.
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Related Questions
Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Answers
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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Your plan calls for using apprentice plumbers in place of fully licensed plumbers for some jobs. If the apprentice plumbers are 60% as productive as licensed plumbers and licensed plumbers cost $60 per hour, what is the most you should pay for apprentice plumbers?
Answers
Answer:
36
Explanation:
NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
Answers
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, management, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.
Answers
Answer:
Explanation:
In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.
The functions will work together to ensure you run a successful sandwich shop:
Production guarantees that the company has the products for sale. Marketing ensures that potential customers know what products the company is selling. Treasury guarantees that calculating the pricing, costs, and costs (marketing) of these products will all lead to profitability. And finally, management ensures that all these features interact efficiently and are on the path to success.Learn more :
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908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.
Answers
1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:
Journal Entries:Date Transactions Debit Credit
June 2 Cash Rs. 30,000
Common Stock Rs. 30,000
June 5 Computer Rs. 12,000
Cash Rs. 2,500
Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000
Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350
Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900
Cash Rs. 900
June 23 Cash Rs. 12,350
Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200
Rent Payable Rs. 2,200
June 30 Salaries &
Wages Expense Rs. 5,670
Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400
Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000
Cash Rs. 6,000
2. The Posting of the transactions into T-accounts is as follows:
Cash AccountDate Transactions Debit Credit
June 2 Common Stock Rs. 30,000
June 5 Computer Rs. 2,500
June 8 Notes Payable Rs. 20,000
June 17 Advertising Expense Rs. 900
June 23 Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
June 30 Salaries and Wages Expense Rs. 5,670
June 30 Dividends Rs. 6,000
June 30 Balance Rs. 44,580
Rs. 62,350 Rs. 62,350
Common StockDate Transactions Debit Credit
June 2 Cash Rs. 30,000
ComputerDate Transactions Debit Credit
June 5 Cash Rs. 2,500
June 5 Accounts Payable Rs. 9,500
June 30 Balance Rs. 12,000
Accounts PayableDate Transactions Debit Credit
June 5 Computer Rs. 9,500
Notes PayableDate Transactions Debit Credit
June 8 Cash Rs. 20,000
Rent PayableDate Transactions Debit Credit
June 29 Rent Expense Rs. 2,200
Accounts ReceivableDate Transactions Debit Credit
June 15 Service Revenue Rs. 12,350
June 23 Cash Rs. 12,350
June 30 Service Revenue Rs. 18,400
Service RevenueDate Transactions Debit Credit
June 15 Accounts Receivable Rs. 12,350
June 30 Accounts Receivable Rs. 18,400
June 30 Balance Rs. 30,750
Advertising ExpenseDate Transactions Debit Credit
June 17 Cash Rs. 900
Utility ExpenseDate Transactions Debit Credit
June 28 Cash Rs. 2,700
Rent ExpenseDate Transactions Debit Credit
June 29 Rent Payable Rs. 2,200
Salaries and Wages ExpenseDate Transactions Debit Credit
June 30 Cash Rs. 5,670
DividendsDate Transactions Debit Credit
June 30 Cash Rs. 6,000
3. The preparation of the trial balance at June 30, 2019, is as follows:
Date Transactions Debit Credit
Cash Rs. 44,580
Common Stock Rs. 30,000
Computer Rs. 12,000
Accounts Payable Rs. 9,500
Notes Payable Rs. 20,000
Rent Payable Rs. 2,200
Accounts Receivable Rs. 18,400
Service Revenue Rs. 30,750
Advertising Expense Rs. 900
Utility Expense Rs. 2,700
Rent Expense Rs. 2,200
Salaries and Wages Expense Rs. 5,670
Dividends Rs. 6,000
Totals Rs. 92,450 Rs. 92,450
What are the journal entries?Journal entries are made to record the transactions of a business as they occur daily.
Journal entries help post transactions to the general ledger (T-accounts).
With a trial balance, the balances in the general ledger are summarized to prepare financial statements.
Transaction Analysis:June 2 Cash Rs. 30,000 Common Stock Rs. 30,000
June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900 Cash Rs. 900
June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350
June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200
June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000 Cash Rs. 6,000
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2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Answers
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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Select all that apply
Preferred stock is advantageous in that it:
has priority over common stock when dividends are declared.
has priority over creditors at liquidation.
has priority over common stock at liquidation.
I receives dividends before creditors are to receive any interest payments.
Answers
Answer:
Preferred stock is advantageous in that it:
(1) has priority over common stock when dividends are declared.
(3) has priority over common stock at liquidation.
Explanation:
2 and 4 are not correct.
(2) in the case of liquidation, priority of payment is made according to seniority ranking. Creditors is ranked higher than preferred shareholders, so they will recieve payments first.
(4) a company is not obligated to pay dividends to shareholders as with interest payment to creditors. So, the creditors would recieve their interest payments first.
Assume that you are in the 25% marginal tax bracket and that you have $50,000 to invest. You have narrowed your investment choices down to municipal bonds yielding 7% or equally risky corporate bonds with a yield of 10%. Which one should you choose and why
Answers
Answer: The corporate bond yield of 10% should be chosen
Explanation:
Based on the information given, we should note that the municipal bond will yield 7% and the corporate bind will yield an after tax of
= 10% × (1 - 25%)
= 10% × 75%
= 750%
= 7.50.
Therefore, we can see that the after tax yield of the corporate bond is higher and therefore should be chosen
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.
Answers
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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Please help will mark BRAINLIST
Answers
A Kubota tractor acquired on January 8 at a cost of $315,000 has an estimated useful life of 10 years. Assuming that it will have no residual value. a. Determine the depreciation for each of the first two years by the straight-line method. First Year Second Year $fill in the blank 1 31,500 $fill in the blank 2 31,500 b. Determine the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your final answers to the nearest dollar.
Answers
Answer:
A. Year 2 $31,500
Year 2 $31,500
B. Year 1 = 63,000
Book Value of Tractor $252,000
Year 2 $ 50,400
Book Value of Tractor $201,600
Explanation:
a. Calculation to Determine the depreciation for each of the first two years by the straight-line method
Year 1 = $315,000 / 10
Year 1 = $31,500
Year 2 = $315,000 / 10
Year 2= $31,500
B) Calculation to determine the depreciation for each of the first two years by the double-declining-balance method
Based on the information given we are first going to calculate the percentage of depreciation using straight line method and then double it
Percentage = $ 315,000 *10%
Percentage=$31,500
Now let depreciation the book value each year by 20% Using the double-declining-balance method method
Year 1=20% of $ 315,000
Year 1= 63,000
Book Value=$315,000 - $63,000
Book Value= $ 252,000
Year 2= 20% of 252,000
Year 2 = $ 50,400
Book Value=$ 252,000 -$50,400
Book Value= $201,600
Write a 1-page memo to the CEO. Include each chart (3) and a paragraph per chart. Each paragraph should explain the story of each visualization and explain why visualizations are important.
STEP 2
Income CATEGORIES PERCENTAGE NUMBER
$100,000 to $124,999 8% 2
$125,000 to $149,999 4% 1
$20,000 to $24,999 4% 1
$25,000 to $34,999 29% 7
$35,000 to $49,999 13% 3
$50,000 to $74,999 17% 4
$75,000 to $99,999 21% 5
Decline to answer 4% 1
24
STEP 3
GENDER PERCENTAGE NUMBER
Female 54% 13
Male 46% 11
24
STEP 4
QUESTION RESPONSES PERCENTAGE NUMBER
0 6% 1
2 11% 2
5 28% 5
6 11% 2
7 17% 3
8 11% 2
9 6% 1
10 11% 2
18
Answers
Answer:
[Your Name]
[Your Position]
[Date]
Subject: Insights from our Survey - A Window into the Lives of our Valued Customers
Dear [CEO's Name],
I hope this message finds you well. I wanted to take a moment to share some fascinating insights from the recent survey we conducted among our cherished customer base. To make the data more relatable and easier to grasp, I have transformed the findings into a series of engaging visualizations. These visuals not only bring the data to life but also allow us to truly connect with our customers on a human level. Let's dive into the story behind each visualization and explore why these visual representations are crucial in understanding our customers.
Chart 1: Income Categories - Reflecting the Lives of our Customers
This insightful chart provides a glimpse into the diverse income categories of our survey respondents. As you observe the bars rise and fall, you can visualize the financial landscapes our customers navigate. From the bustling middle-income group, representing 29% of respondents, to the resilient individuals in the $75,000 to $99,999 range, accounting for 21% of participants, we gain an intimate understanding of the financial tapestry that influences their decisions.
By presenting this information in such a humanized manner, we can empathize with the varying needs and aspirations of our customers. This visualization guides us in tailoring our products and services to better address the unique challenges and aspirations of each income segment.
Chart 2: Gender Distribution - Celebrating Diversity and Inclusion
This delightful pie chart celebrates the diversity among our survey participants by highlighting their gender identities. As you glance at the vibrant slices, you witness the vibrant mosaic of our customer base. With 54% of respondents identifying as female and 46% as male, we recognize the importance of inclusivity and strive to ensure our products and services cater to the needs and desires of all genders.
Visualizations like this one allow us to see the human faces behind the data. It reminds us to embrace diversity and equality in our business operations, ensuring that every customer feels heard and valued.
Chart 3: Question Responses - Unveiling Our Customers' Voices
Within this insightful bar chart, we uncover the authentic voices of our customers through their responses to a specific question. The bars rise and fall, revealing the choices they made and their preferences. The most popular response, "5," chosen by 28% of participants, demonstrates the collective sentiment that echoes among our customers. As we observe the varying heights of each bar, we gain a deeper understanding of their thoughts and desires.
Visualizations like this empower us to hear our customers' voices loud and clear. By listening attentively to their responses, we can make informed decisions that resonate with their needs, aspirations, and desires.
In summary, these captivating visualizations humanize our survey data, enabling us to truly connect with our customers and gain invaluable insights. By considering the stories behind each chart, we ensure that our strategies, products, and services align with their lived experiences. Together, we can build lasting relationships, foster inclusivity, and deliver the exceptional experiences our customers deserve.
Thank you for your time and attention. Should you have any questions or require further information, please don't hesitate to reach out.
Warm regards,
[Your Name]
[Your Position]
Explanation:
Which of the following items are not included when determining income from operations?
Review Later
Research and development expenses
Sales revenue
Taxes
General and administrative expenses
Answers
Answer:
Taxes.
Explanation:
Taxes are calculated after getting the income from operations.
remember that Accounting Profit is different from Tax Profit, as the two are calculated differently.
Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
Answers
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
Answers
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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Which of the following things can help you get a lower interest rate when you receive a loan? A. A low credit score B. A history of defaulting C. Using all of your available credit D. Collateral
Answers
Answer:
Collateral
Explanation:
The thing that can help to get a lower interest rate when you receive a loan is Collateral. Thus, option D is correct.
What is Collateral?A collateral is a valuable asset that is committed to obtaining a loan. Lenders' risk is reduced by collateral. If a borrower fails on a loan, the lender can seize and sell the collateral to recuperate its losses. Mortgages and automobile loans are two examples of collateralized lending.
A customer that provides collateral is considered a low-risk customer. The lender keeps the asset until the debt is fully repaid. If the borrower fails to repay, the lender may sell the collateral to recoup his funds. Collateral decreases the lender's risk of losing money.
The loan value is always more than the collateral value. Because the transaction is low-risk, the lender may afford to provide low-interest rates. Collateral is anything that can assist you to acquire a cheaper interest rate on a loan. As a result, option D is correct.
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Fuqua Company’s sales budget projects unit sales of part 198Z of 10,000 units in January, 12,000 units in February, and 13,000 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $2 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2019.
Requried:
a. Prepare a projected budget for Jan and Feb 2017.
b. Prepare a direct material budget for Jan 2017.
Answers
Answer:
Results are below.
Explanation:
To calculate the production budget for January, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
January:
Production= 10,000 + (12,000*0.2)
Production= 12,400 units
February:
Production= 12,000 + 13,000*0.2 - (12,000*0.2)
Production= 12,200
Now, the raw material budget:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 12,400*4 + (12,200*4)*0.4
Purchases= 69,120 pounds
Total cost= 69,120*2= $138,240
impact of new vendor with zero opening balance
Answers
The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.
What is the vendor opening balance?This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.
The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.
The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.
Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.
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Rita is a registered dietician. What does her work entail
Answers
Rita is a registered dietician. does her work entail making recommendations for healthy eating habits.
How does a dietician work?Registered dietitians assist patients who are having trouble losing weight or who need to alter their diet for other medical conditions, such as managing diabetes, to prevent or delay disease progression. When creating meal plans, they collaborate with patients to understand their unique requirements and difficulties.
What advantages does becoming a registered dietician offer?assisting people to develop healthy behaviors.
different everyday routines.
multiple career alternatives.
a lot of predictions for job growth.
chances for specialization
licensure and education standards are very strict.
Keeping up with evolving legal requirements
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Pacific Ink had beginning work-in-process inventory of $744,960 on October 1. Of this amount, $304,920 was the cost of direct materials and $440,040 was the cost of conversion. The 48,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. During October, 102,000 units were transferred out and 30,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,343,600 for direct materials and $3,027,840 for conversion. Compute the costs of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.)
Answers
The cost of goods transferred out is $4,677,700, and the ending inventory is $776,400 using the weighted-average method.
How did we get the values?Using the weighted-average method, we need to calculate the equivalent units of production for both direct materials and conversion costs, and then use these figures to calculate the cost per equivalent unit. Finally, we can use the cost per equivalent unit to calculate the total cost of goods transferred out and the ending inventory.
Step 1: Equivalent Units of Production
Direct Materials:
Beginning inventory: 48,000 units × 30% complete = 14,400 equivalent units
Current period: 102,000 units × 100% complete = 102,000 equivalent units
Ending inventory: 30,000 units × 80% complete = 24,000 equivalent units
Total: 14,400 + 102,000 + 24,000 = 140,400 equivalent units
Conversion Costs:
Beginning inventory: 48,000 units × 30% complete = 14,400 equivalent units
Current period: 102,000 units × 100% complete = 102,000 equivalent units
Ending inventory: 30,000 units × 40% complete = 12,000 equivalent units
Total: 14,400 + 102,000 + 12,000 = 128,400 equivalent units
Step 2: Cost per Equivalent Unit
Direct Materials:
Costs to account for: Beginning inventory cost + Costs incurred during the period = $304,920 + $2,343,600 = $2,648,520
Cost per equivalent unit: $2,648,520 ÷ 140,400 equivalent units = $18.85 per equivalent unit
Conversion Costs:
Costs to account for: Beginning inventory cost + Costs incurred during the period = $440,040 + $3,027,840 = $3,467,880
Cost per equivalent unit: $3,467,880 ÷ 128,400 equivalent units = $27.00 per equivalent unit
Step 3: Cost of Goods Transferred Out and Ending Inventory
Cost of Goods Transferred Out:
Cost per equivalent unit (direct materials) × equivalent units transferred = $18.85 × 102,000 units = $1,923,700
Cost per equivalent unit (conversion costs) × equivalent units transferred = $27.00 × 102,000 units = $2,754,000
Total cost of goods transferred out: $1,923,700 + $2,754,000 = $4,677,700
Ending Inventory:
Equivalent units in ending inventory × cost per equivalent unit (direct materials) = 24,000 units × $18.85 = $452,400
Equivalent units in ending inventory × cost per equivalent unit (conversion costs) = 12,000 units × $27.00 = $324,000
Total ending inventory: $452,400 + $324,000 = $776,400
Therefore, the cost of goods transferred out is $4,677,700, and the ending inventory is $776,400 using the weighted-average method.
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How does context influence your communication? Consider the language and culture people grew up with, and the role these play in communication styles.
Answers
Answer with Explanation:
The context of communication adds value in the communication as now the listener would be more engaged and attentive to what the person is conveying in his message. It also helps listener to interpret communication.
Something might be funny in one culture and not in another. This means if you are adding something that is culturally correct then it is more probable that the message conveyed was effective. Hence contexts must be according to the culture, norms, stories of people whom they know, etc. Hence cultural differences are of immense importance when we are setting up contexts for our communication.Level of Formality. The communication must be as per the occasion and level of formality of the occasion. In simple words, I would say that "When in Rome, do as the Romans do". If you are in a Formal occasion then your presentation must reflect use of formal language and when you aren't attending a formal occasions then you must be very relaxed and easy with the people (Usually friends) and of-course the dressing would be very casual.(Process Analysis with Multiple Flow Units) Consider a process consisting of five
resources that are operated eight hours per day. The process works on three different products,
A, B, and C:
Demand for the three different products is as follows: product A, 40 units per day; product
B, 50 units per day; and product C, 60 units per day.
What is the bottleneck? What is the flow rate for each flow unit assuming that demand
must be served in the mix described above (i.e., for every four units of A, there are five units of B and six units of C)?
Answers
Answer: We can identify the bottleneck in the process by calculating the processing times for each product at each resource. Assuming that each resource can process one unit of a product per hour, we can use the following table to calculate the processing times
Explanation: Using the table, we can calculate the processing times for each product at each resource by adding up the time required for each resource to process one unit of the product. For example, the processing time for product A at resource 1 is 1 hour, resource 2 is 2 hours, and so on.
Based on the table, we can see that the bottleneck resource is resource 4, which has the longest processing time for all three products. The maximum capacity of the process is therefore limited by the capacity of resource 4, which operates for 8 hours per day.
We also need to determine the maximum flow rate for each flow unit, taking into account the demand mix specified in the problem. For every four units of product A, we need to produce five units of product B and six units of product C.
Given the demand mix and the maximum capacity of the bottleneck resource, we can calculate the maximum flow rates for each product as follows:
For product A, the flow rate is 40 units per day, or 5 units per hour (40/8). Since the processing time for product A at the bottleneck resource is 3 hours, the maximum flow rate for product A is 5/3 = 1.67 units per hour.
For product B, the flow rate is 50 units per day, or 6.25 units per hour (50/8). Since the processing time for product B at the bottleneck resource is 3 hours, the maximum flow rate for product B is 6.25/3 = 2.08 units per hour.
For product C, the flow rate is 60 units per day, or 7.5 units per hour (60/8). Since the processing time for product C at the bottleneck resource is 3 hours, the maximum flow rate for product C is 7.5/3 = 2.5 units per hour.
HP sells an inexpensive printer for an entry-level user, but the printer cartridges that need continual replacement are fairly expensive. This demonstrates the concept of ________.
A) product line pricing
B) captive pricing
C) price bundling
D) reference pricing
E) prestige pricing
Answers
Answer:
B)) captive pricing
Explanation:
From the question, we are informed about how HP sells an inexpensive printer for an entry-level user, but the printer cartridges that need continual replacement are fairly expensive. This demonstrates the concept of captive pricing. Pricing is essential in business because production process isn't complete until goods reach to the consumer. pricing strategy utilize the strategy of using advantage over a product so that large volume of customers can be drawn to patronize the product. Captive product pricing can be regarded as the pricing of goods which can be described as goods that posses a “core product” as well as number of “accessory products.”
Perfect competition is a theoretical construct. Outline some valid criticisms of this model
Answers
Perfect competition is thought of as a theoretical idea rather than something that applies to contemporary industry. This is solely attributable to the way that markets are naturally influenced by economic variables, which leads to a clustering of elements.
Criticisms of perfect competitionSome of the criticisms of perfect competition include:
It is frequently argued that the foundation of price theory for product markets, represents all agents as passive, omitting the active attempts to increase one's welfare or profits through price undercutting, product design, advertising, and innovation.Another criticism is that of who sets the price to be followed. The perfect competition model can thus be used to explain a centralized economy rather than a decentralized "market" economy. This implies that such a model is more closely related to communism than to capitalism.Another common criticism is that it is frequently untrue that shifts in supply and demand over the short term affect prices; this is especially true in the manufacturing sector, where production adjustments frequently occur without significantly affecting prices.Learn more on perfect competition here https://brainly.com/question/2964027
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What is your annual return if you bought a stock three years ago for $55 and you just sold it for $79, assuming you did not receive any dividends during that time period?
Answers
The annual return is $8 per year
Cost price of stock = $55
Selling price of stock = $79
Number of years = 3 years
Annual return will be:
= (Selling price - Cost price) / Number of years.
= ($79 - $55) / 3
= $24/3
= $8
Therefore, the annual return is $8.
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For federal tax purposes, which of the following is true regarding lump-sum life insurance benefits?
Answers
Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.
What is tax?A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.
For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.
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Which of the following is something that companies are likely to engage in
with famous, well-publicized sports teams?
A. Direct marketing
B. Customer frequency programs
c. Merchandising
D. Sponsorship
SUBMIT
Answers
WHEN MUST A TAXPAYER WHO HAS RECIEVED STOCK APPRECIATION RIGHTS FROM AN EMPLOYER INCLUDE THE VALUE OF THE RIGHTS IN INCOME
Answers
Answer:
"There are no federal income tax consequences when you are granted stock appreciation rights. However, at exercise you must recognize compensation income on the fair market value of the amount received at vesting. An employer is generally obligated to withhold taxes. Depending on the rules of your plan, the employer may satisfy that withholding obligation by withholding cash or shares. The remaining net proceeds will be deposited into a brokerage account. If you receive net shares and sell them at a later point, the appreciation in value of the shares from the time of exercise to the time of sale will be treated as a capital gain or loss. Whether it is a long-term or short-term gain or loss will depend on how long the shares are held."
Explanation:
I don't know if this helps, but here is a quate i found.
https://www.fidelity.com/webcontent/ap002390-mlo-content/18.09/help/learn_stock_appreciation_rights.shtml
27) Which of the following is NOT a potential benefit of owning a small business?
Answers
Answer:
D I'm not sure if correct ..
Information concerning a magazine’s readership is of interest both to the publisher and to the magazine’s advertisers. A survey of 500 subscribers included the following questions. For each question, determine the data type of possible responses.
a What is your age?
b What is your gender?
c What is your marital status?
d Is your annual income less than $30000,
between $30000 and $60000, or over
$60 000?
e To how many other magazines do you
subscribe?
f How do you rate the feature article
published in the current issue of the magazine (very good, good or poor)?