Answers
Answer:
This enables Fleet to reduce costs of regulatory compliance in relation to the security issue
Explanation:
When a company is exempt under the Securities Act of 1993,this implies that when issuing securities in the market place,the stock exchange ,the company is not required to produce audited financial statements.
Auditing financial statements sometimes cost fortunes especially when it is also required that one of the Big-4 professional firms is to be consulted.
By not requiring audited financials,the costs of audit is saved,hence cost of compliance with exchange rules is reduced overall
Related Questions
Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019.
April May June
Credit sales $ 689,000 $ 598,000 $ 751,000
Credit purchases 302,000 282,000 338,000
Cash disbursements
Wages, taxes, and expenses 137,000 129,000 179,000
Interest 15,600 15,600 15,600
Equipment purchases 53,500 6,600 248,000
The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $561,000.
Using this information, complete the following cash budget: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
Answers
Explanation:
CRENSHAW, INC.
Cash Budget
For the Quarter Ending June 30, 2019
April May June Total
Beginning cash balance
Add cash collections from:
March credit sales $ 0 $ 0 $ 561,000 $ 561,000
April credit sales 34,450 482,600 413,700 930,750
May credit sales 479,600 523,300 0 1,002,900
Total cash collections 514,050 1,005,900 974,700 2,494,650
Total cash available 514,050 1,005,900 1,535,700 3,055,650
Less cash disbursements for:
Wages, taxes, and expenses 137,000 129,000 179,000 445,000
Interest 15,600 15,600 15,600 46,800
Equipment purchases 53,500 6,600 248,000 308,100
Total cash disbursements 206,100 151,200 442,600 799,900
Ending cash balance $ 307,950 $ 854,700 $ 1,093,100 $ 2,255,750
Note: Cash collections were calculated as follows:
April credit sales collected in April: $689,000 × 35% = $241,150
April credit sales collected in May: $689,000 × 60% = $413,400
May credit sales collected in May: $598,000 × 35% = $209,300
May credit sales collected in June: $598,000 × 60% = $358,800
June credit sales collected in June: $751,000 × 35% = $262,850
Total cash collections: $241,150 + $413,400 + $209,300 + $358,800 + $262,850 = $1,485,500.
in preparation of standard cost we consider what situation macroeconomics or microeconomics???
Answers
When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.
It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.
The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.
Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.
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what does a hanging indent look like?
Answers
afford that. (shouldnt, cant)
11. Circle the collective noun that best fits in the sentence.
1. The ( classroom/herd ) of students read the directions on th
2. Sailing around the (flock / chain of islands, the crew of sa
3. Bears fish in the river as the clouds / runs ) of salmon swa
4.
I ate a (plate / flock) of rice.
5. Running late, I ran up ( flights/pods ) of stairs in record ti
6. Looking up at the sky, I had a glimpse of the packs / gala
7. After the holidays, we had (colonies / heaps) of trash.
Grade 08 - English
(4)
Copying and imita
publishers law!
Answers
Answer:
Classroom
Chain of Islands
Runs
Plate
Flights
Gala
Heaps
Explanation:
Opportunity cost is _____.
the cost of business itself
the cost of travel, entertainment and other activities that provide an opportunity for recreation
the cost of an alternative product or service that cannot be acquired because the available funds were used for another purpose
none of the above
Answers
Opportunity cost is the cost of an alternative product or service that cannot be acquired. Opportunity cost is frequently referred to as the second-best option.
The loss of gain that would have been realised if a different option had been chosen is sometimes product referred to as the alternative cost. The loss of benefit as a result of a change in choice is another way to explain it. The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
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Mac users can perform these tasks with the Finder.
open applications, folders, and files
turn off their computers
launch the Start menu
delete files
move files
Answers
Answer: all of them
Explanation:
If anyone knows about businesses can you help me please
Answers
Answer:
I believe it is team standard
Explanation:
One way a group of people can become an effective team is to create team standards. These are essentially the rules that govern how the team works and behaves. To be effective, the team standards need to be set and agreed to by the team members and not dictated to them by a boss or manager.
in an organization , who should be concerned with HRM
Answers
Hrm stands for human resources management and it is up to supervisors, managers and directors be active in hrm.
Jamie Kerr is an hourly employee of Noonan Company located in Los Angeles. This week, Kerr had to travel to the company's regional office in Santa Fe. He left Sunday at noon and arrived in Santa Fe at 3:30 P.M. During the week, he worked his normal 40 hours in the Santa Fe office (Monday through Friday-9 A.M. to 5 P.M.). In addition, he attended the company's 3½-hour work training session on Wednesday evening. Kerr's hourly rate of pay is $26.90 per hour.
Round the interim computations to two decimal places and use the rounded answers in subsequent computations. Round the final answers to the nearest cent.
a. Kerr's overtime earnings for the week are
b. Kerr's total earnings for the week are
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a) Kerr received $164.78 in weekly overtime pay. Individuals who work for a company and receive compensation are called employees. Under the heading "Income from salaries," earned salaries are taxable.
How does income relate to salary?For the purposes of income tax, the amount that an employee receives from his employer in any of the following forms during a fiscal year will be considered "Salary": Wages: Wages are a set amount of money that an employer pays its employees in exchange for their work.
In the Netherlands, what is the "30 rule"?Employees recruited from outside the Netherlands to temporarily work here can take advantage of the 30% facility. They are exempt from paying tax on up to 30% of their salary provided they meet the conditions for the 30% facility.
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the contractor is performing exceptionally, especially Sally, How do you as the COR recognize Sally's accomplishments?
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As the Contracting Officer's Representative (COR), there are several ways you can recognize Sally's accomplishments and show appreciation for her exceptional performance. Here are a few suggestions:
Verbal recognition: Personally acknowledge Sally's achievements by expressing your appreciation directly.
Written commendation: Prepare a formal letter or email addressed to Sally, expressing your recognition and gratitude for her exceptional performance.
Public recognition: Take the opportunity to publicly recognize Sally's accomplishments during team meetings, project updates, or other appropriate forums.
Award or certificate: Consider presenting Sally with an award or certificate to commemorate her exceptional performance.
Additional responsibilities or growth opportunities: Acknowledge Sally's outstanding work by offering her new responsibilities or opportunities for professional growth.
Informing her superiors: Ensure Sally's supervisors or higher-level management are aware of her exceptional performance.
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Why is it important to pay more than the minimum payment on your credit card each month?
Answers
Answer:
so you dont have to pay as much next month
Explanation:
Using the Internet, local newspapers, and/or any regional information, write a 500-word report on on-line banking. In your report, tell of the advantages (if any) over regular banking. Why would it be attractive to people? What conveniences are offered? Is it safe, or will other people get access to your accounts?
Answers
Introduction:
In today's digital age, the convenience and accessibility of online banking have revolutionized the way people manage their finances. With the advent of the internet and advanced technology, traditional banking has been transformed, offering numerous advantages to account holders. This report explores the benefits, conveniences, and safety measures associated with online banking, addressing concerns about security and access to accounts.
Advantages of Online Banking:
1. Convenience: Online banking provides unparalleled convenience, allowing individuals to access their accounts anytime and anywhere. Whether from the comfort of their homes, offices, or while on the go, customers can perform various banking transactions with just a few clicks. This eliminates the need to visit physical bank branches, saving time and effort.
2. 24/7 Accessibility: Online banking operates round the clock, providing customers with continuous access to their accounts and financial information. This flexibility enables individuals to check balances, review transaction history, transfer funds, pay bills, and manage investments at their convenience, even outside traditional banking hours.
3. Enhanced Efficiency: Online banking streamlines financial tasks by automating processes that would typically require manual intervention. Features like recurring payments, online transfers, and electronic statements simplify account management, making it easier to track expenses and monitor financial health.
4. Cost Savings: Online banking often offers reduced or waived fees compared to traditional banking services. Electronic transactions, such as online bill payments and fund transfers, eliminate the need for paper checks and postage fees. Additionally, online banks may have lower overhead costs, allowing them to pass on these savings to their customers.
Conveniences Offered by Online Banking:
1. Online Bill Payment: Online banking enables users to pay bills electronically, eliminating the hassle of writing checks and mailing payments. Many banks offer automated bill payment options, allowing customers to set up recurring payments for regular expenses, ensuring bills are paid on time.
2. Mobile Banking: The rise of mobile banking applications provides users with the convenience of accessing their accounts and conducting transactions directly from their smartphones or tablets. Mobile banking apps offer functionalities such as mobile check deposit, account alerts, and real-time balance updates, enhancing the banking experience on the go.
3. Electronic Fund Transfers: Online banking facilitates quick and secure fund transfers between accounts, both within the same bank and to other financial institutions. Transferring money to family, friends, or businesses is made simple through features like interbank transfers, person-to-person payments, and wire transfers.
Safety and Security Measures:
Online banking employs advanced security measures to protect customers' financial information and transactions. These measures typically include encryption protocols, secure login procedures, and multifactor authentication. Additionally, reputable online banks implement robust firewalls and regularly update their systems to safeguard against cyber threats.
While online banking has seen significant advancements in security, it is crucial for users to practice responsible online behavior. This includes regularly updating passwords, being cautious of phishing attempts, and ensuring the use of secure networks when accessing online banking platforms.
Conclusion:
Online banking offers numerous advantages and conveniences that have made it an attractive option for many individuals seeking efficient and accessible financial management. The convenience of 24/7 access, cost savings, and streamlined processes are key factors that have contributed to its popularity. When coupled with the industry's commitment to robust security measures, online banking provides a safe and reliable means of managing personal finances in the digital age.
Note: The information provided in this report is based on general knowledge and may vary depending on the specific online banking services and institutions. It is advisable to consult the policies and terms of your chosen online banking provider for detailed information.
Help!
dancing is considered as labor, capital,land or entrepreneurship?
Answers
Answer:
D. Entrepreneurship
Because 100% it's not a land or a capital. Well, it may be a labor, but mostly it's entrepreneurship.
Hope that helps you
QUESTION TWO HEEKS Associates Co. Ltd is considering investing in one of two proposed short-term portfolios of four short-term financial investments. The correlation between the returns of the individual investments is believed to be negligible in both options proposed. The market return is estimated to be 15%, and the risk-free rate 5%. Portfolio 1 Investment A B C D Portfolio 2 Investment A B C D Amounts invested (TZS) 10,000,000 40,000,000 30,000,000 20,000,000 Amounts invested (TZS) 20,000,000 40,000,000 20,000,000 20,000,000 Expected Total return risk 20% 8 22% 24% 26% Expected return 18% 20% 22% 16% 10 11 9 Total risk 7 9 12 13 Beta 0.7 1.2 1.3 1.4 Beta 0.8 1.1 1.2 1.4 Required: a) Calculate the risk and return of the two portfolios using the principles of both portfolio theory and the CAPM. b) Which portfolio appears to be more efficient?
Answers
Portfolio 1: Expected Return 1: 19.6% , Total Risk (σ1): 5.5%
CAPM Expected Return 1: 51%, CAPM Total Risk (σ1): 49.5
Portfolio 2: Expected Return 2: 19.2%, Total Risk (σ2): 4.7%
CAPM Expected Return (E(R2)): 50%, CAPM Total Risk (σ2): 48.1
a) Portfolio Risk and Return Calculation:
Using Portfolio Theory:
For Portfolio 1: Expected Return 1 = (Weight A * Return A) + (Weight B * Return B) + (Weight C * Return C) + (Weight D * Return D) Expected Return (E(R1)) = (0.1 * 18%) + (0.4 * 20%) + (0.3 * 22%) + (0.2 * 16%)
= 1.8% + 8% + 6.6% + 3.2%
Expected Return 1 = 19.6%
Total Risk (σ1) = √[(Weight A^2 * Risk A^2) + (Weight B^2 * Risk B^2) + (Weight C^2 * Risk C^2) + (Weight D^2 * Risk D^2)] Total Risk (σ1) = √[(0.1^2 * 7^2) + (0.4^2 * 9^2) + (0.3^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.49 + 12.96 + 10.08 + 6.76] Total Risk (σ1) = √30.29
Total Risk (σ1) = 5.5%
For Portfolio 2: Expected Return 2 = (0.2 * 18%) + (0.4 * 20%) + (0.2 * 22%) + (0.2 * 16%)
= 3.6% + 8% + 4.4% + 3.2%
Expected Return 2 = 19.2%
Total Risk (σ2) = √[(0.2^2 * 7^2) + (0.4^2 * 9^2) + (0.2^2 * 12^2) + (0.2^2 * 13^2)]
= √[0.98 + 12.96 + 2.88 + 5.32] = √22.14
Total Risk (σ2) = 4.7%
Using CAPM:
For Portfolio 1: Expected Return 1 = Risk-Free Rate + (Beta A * Market Risk Premium) + (Beta B * Market Risk Premium) + (Beta C * Market Risk Premium) + (Beta D * Market Risk Premium) Expected Return (E(R1))
= 5% + (0.7 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.3 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.7 * 10%) + (1.2 * 10%) + (1.3 * 10%) + (1.4 * 10%)
= 5% + 7% + 12% + 13% + 14%
Expected Return 1 = 51%
Total Risk (σ1) = Beta-Weighted Standard Deviation = (Beta A * Risk A) + (Beta B * Risk B) + (Beta C * Risk C) + (Beta D * Risk D)
= (0.7 * 7) + (1.2 * 9) + (1.3 * 12) + (1.4 * 13)
= 4.9 + 10.8 + 15.6 + 18.2
Total Risk (σ1) = 49.5
For Portfolio 2: Expected Return 2 = 5% + (0.8 * (15% - 5%)) + (1.1 * (15% - 5%)) + (1.2 * (15% - 5%)) + (1.4 * (15% - 5%))
= 5% + (0.8 * 10%) + (1.1 * 10%) + (1.2 * 10%) + (1.4 * 10%)
= 5% + 8% + 11% + 12% + 14%
Expected Return 2 = 50%
Total Risk (σ2) = (0.8 * 7) + (1.1 * 9) + (1.2 * 12) + (1.4 * 13)
= 5.6 + 9.9 + 14.4 + 18.2
Total Risk (σ2) = 48.1
Based on these metrics, Portfolio 2 appears to be more efficient since it has a slightly lower total risk while still offering a high expected return.
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. Examine the case of Harley Davidson from a STP perspective and state the Marketing Mix (4P) strategy implemented by them for their women customers. What is your opinion on the strategy?
Answers
In niche market, Harley-Davidson concentrates its efforts and resources, constrained area of market. The limited size of niche market, however, reduce likelihood of obtaining high profit which is disadvantage of market.
What is a niche market?A market sector known as a niche market has its own particular needs or preferences. These requirements may result from the buyer's spending limit, geography, interests, attitude toward the goods, or other considerations. Due to the fact that they have specific wants that aren't frequently met by the competition, customers in these specialized niche industries tend to be more loyal to small enterprises. Because of this, they might be a more receptive target market for your chosen niche product. In online business, niche markets are prevalent worldwide. Almost every bigger market you can sell to includes a few niche products that appeal to a small but devoted group and require less marketing work on your part.
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When the owner of an old airplane engine has it restored and has an airplane built around it, the owner of the engine now owns the entire airplane through the doctrine of ______, which refers to something "added."
A. accession
B. collateral
C. eminent domain
D. negative easement
E. easement by prescription
Answers
According to the doctrine of accession, which refers to anything being "added," when an old aeroplane engine is rebuilt and an aeroplane is constructed around it, the engine's owner now owns the entire aeroplane.
An engine that is physically linked to an aircraft instantly becomes a "component part" of that aircraft, according to the accession philosophy. It has been claimed that the sole requirement for something to count as a component part is a mechanical connection. Therefore, the owner of the aircraft should be the rightful owner of the engine. The suggested transfer of title to engines occurs by operation of law. This expression implies that the title shift is permitted without the engine owner's consent. The accretion idea would stop engines from being financed and leased individually. A system of property laws to regulate the emergence, legitimacy, and effects of rights in aircraft is also not established by this clause. It only demands that its Contracting States acknowledge the four categories of consensual rights in aircraft. The Geneva Convention does not attempt to ascertain whether or whether the owner of an aircraft frame has acquired the non-consensual ownership of an aircraft engine, and this must be made apparent right once. Therefore, the lack of a worldwide system of property law serves as the sole defence for the Dutch lawyers' adherence to the accession notion. Ignore their illogical viewpoint, please.
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Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 64% based on current-period purchases. The company determined that beginning inventory at retail was $200,000 and that during the current period a new layer was added with retail value of $50,000. The cost of ending inventory should be
Answers
Answer:
$152,000
Explanation:
Calculation for the cost of the ending inventory
First step is to calculate the cost-to-retail percentage of the beginning inventory amount
Using this formula
Beginning Inventory =Cost-to-retail percentage*Beginning inventory at retail
Let plug in the formula
Beginning Inventory =60%*$200,000
Beginning Inventory =$120,000
Second step is to calculate current-period purchases percentage of the new layer amount
Using this formula
Current period purchases= Purchases percentage* New layer
Let plug in the formula
Current period purchases=64%*50,000
Current period purchases=$32,000
The last step is to find the cost of the ending inventory using this formula
Ending inventory cost=Beginning Inventory+Current period purchases
Let plug in the formula
Ending inventory cost=$120,000+$32,000
Ending inventory cost=$152,000
Therefore the cost of the ending inventory will be $152,000
A trial period of work is referred to as
O probationary period
trial period
prework
o on-the-job-training period
Answers
Answer:
O probationary period
Explanation:
Probation refers to the set amount of time that an employee needs work before they are made permanent. The objective of the probation period is to give the employee time to learn the business process and procedure. Probation enables employers to evaluate the new employees' work rate, discipline, habits, and attitudes before deciding whether to hire them as permanent workers or not.
From the data collected at probation, the employer may decide to promote the employee to permanent status, extend the probation period, or discontinue the worker. An employee under probation enjoys a salary and other benefits as the employer may decide.
U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answers
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
How does a mechanic's lien assist creditors?
Answers
what are 2 different types of budgets and discuss how they complement each other?
Answers
There are two main types of budgets: operational budgets and financial budgets.
Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.
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Judi Janson wishes to accumulate $8,000 by the end of 5 years by making equal, annual, end-of-year deposits over the next 5 years. If Judi can earn 7% on her investments, how much must she deposit at the end of each year to meet this goal?
Answers
Answer: 1,391.13
Explanation:
hãy lựa chọn 1 công ty sử dụng dịch vụ nghiên cứu của marketing của các nhà cung cấp bên ngoài.
1. tìm hiểu lý do công ty phải thuê ngoài
2. những tổ chức nào đã cung cấp dịch vụ marketing cho công ty?
3. công ty thuê một phần hay thuê toàn bộ các hoạt động nghiên cứu marketing
Answers
Answer:
may I know which language
Suzy earns $7. 50 per hour. She worked 32. 5 hours last week. What was the amount of her check? 40. 00 25. 00 2,437. 50 243. 75.
Answers
Answer:
243.75
Explanation:
7.5 x 32.5 multiply 7.5 by number of hours worked to get answer
A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be？
Answers
Depreciation is the process of allocating the price of a plant asset to expense in the accounting periods benefiting from its use.
How is the whole depreciation of a plant asset calculated?Determine the value of the asset. Subtract the estimated salvage price of the asset from the cost of the asset to get the whole depreciable amount. Determine the beneficial lifestyles of the asset. Divide the sum of step (2) by using the wide variety arrived at in step (3) to get the annual depreciation amount.
Depreciation is the technique of allocating to expense the cost of a plant asset over its beneficial (service) existence in a rational and systematic manner. Such cost allocation is designed to desirable in shape prices with revenues.
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https://brainly.com/question/28108679#SPJ1Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.
Answers
a) The computation of the single plantwide predetermined overhead rate for Tent Master is $6 per DLH ($252,000/42,000).
b) The computation of the overhead cost per unit for Pup and Pop-up Tents for Tent Master is computed as follows:
Pup Tents Pop-up Tents
Overhead cost $24 ($6 x 4) $18 ($6 x 3)
c) The computation of the product cost per unit for Pup and Pop-up Tents is as follows:
Per Unit Selling Direct Direct Overhead Product
Price Materials Labor per unit Cost / Unit
Pup tent $ 78 $ 20 $ 45 $24 $89
Pop-up tent 73 25 30 $18 $73
d) The computation of the gross profit per unit (selling price per unit minus the product cost per unit) of Pup and Pop-up Tents is as follows:
Per Unit Selling Direct Direct Overhead Product Gross Profit
Price Materials Labor per unit Cost / Unit (Loss) per unit
Pup tent $ 78 $ 20 $ 45 $24 $89 ($11) ($78 - $89)
Pop-up tent 73 25 30 $18 $73 $0 ($73 - $73)
What does a product cost?The determination of the product cost includes the costs of direct materials, direct labor, and overhead. The overhead cost is allocated to each unit based on a predetermined overhead rate (budgeted overheads/budgeted usage) or using an activity-based costing technique.
Data and Calculations:Budgeted overhead costs = $252,000
Budgeted direct labor hours = 42,000
Question Completion:Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows:
Per Unit Selling Price Direct Materials Direct Labor DL Hours
Pup tent $ 78 $ 20 $ 45 4
Pop-up tent 73 25 30 3
Required:1. Compute a single plantwide overhead rate assuming the company allocates overhead costs based on 42,000 direct labor hours.
2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.
3. Compute the product cost per unit for each product.
4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).
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Your company has purchased a large new trucktractor for over-the-road use (asset class 00.26). It has a cost basis of $180,000. With additional options costing $15,000, the cost basis for depreciation purposes is $195,000. Its MV at the end of five years is estimated as $40,000. Assume it will be depreciated under the GDS.
Answers
Answer:
Under the Modified Accelerated Cost Recovery System (MACRS) General Depreciation System (GDS), the truck tractor would be depreciated over a period of 5 years.
To calculate the depreciation expense, we first need to determine the depreciation rate for each year using the MACRS GDS depreciation table for 5-year property. The table shows that 20% is the depreciation rate for Year 1, 32% for Year 2, 19.2% for Year 3, 11.52% for Year 4, and 11.52% for Year 5.
Using the cost basis for depreciation purposes of $195,000, we can calculate the depreciation expense for each year as follows:
Year 1: Depreciation expense = $195,000 × 20% = $39,000
Year 2: Depreciation expense = ($195,000 - $39,000) × 32% = $49,920
Year 3: Depreciation expense = ($195,000 - $39,000 - $49,920) × 19.2% = $22,118.40
Year 4: Depreciation expense = ($195,000 - $39,000 - $49,920 - $22,118.40) × 11.52% = $9,950.35
Year 5: Depreciation expense = ($195,000 - $39,000 - $49,920 - $22,118.40 - $9,950.35) × 11.52% = $9,950.35
The total depreciation expense over the 5-year period is the sum of the annual depreciation expenses:
Total depreciation expense = $39,000 + $49,920 + $22,118.40 + $9,950.35 + $9,950.35 = $131,939.10
To calculate the book value of the truck tractor at the end of each year, we subtract the accumulated depreciation from the cost basis for depreciation purposes:
End of Year 1: Book value = $195,000 - $39,000 = $156,000
End of Year 2: Book value = $195,000 - $39,000 - $49,920 = $106,080
End of Year 3: Book value = $195,000 - $39,000 - $49,920 - $22,118.40 = $84,961.60
End of Year 4: Book value = $195,000 - $39,000 - $49,920 - $22,118.40 - $9,950.35 = $74,010.85
End of Year 5: Book value = $195,000 - $39,000 - $49,920 - $22,118.40 - $9,950.35 - $9,950.35 = $64,061.50
Based on the given information, the estimated market value of the truck tractor at the end of Year 5 is $40,000. Since the book value of the truck tractor at the end of Year 5 is $64,061.50, it has a higher book value than its estimated market value. This indicates that the truck tractor is not fully depreciated and may need to be depreciated further in subsequent years or sold at a loss.
Note: The above calculations assume that the truck tractor is used solely for business purposes and not for personal use. If the truck tractor is used for both business and personal purposes, the depreciation expense needs to be prorated based on the percentage of business use.
WHY DO WE NEED TO WRITE A BUSINESS PLAN
Answers
Answer:
It will help you steer your business as you start and grow. Think of a business plan as a GPS to get your business going. A good business plan guides you through each stage of starting and managing your business. You'll use your business plan like a GPS for how to structure, run, and grow your new business.
Question 8 of 10
Which of the following responses is the most ethical way to deal with a
problem?
A. Hire a public relations firm to deal with the media fallout.
B. Consider what effects your actions would have over the long term
if they were discovered.
C. Discover who was responsible and terminate their relationship
with the company.
D. Assume that the customer is always right.
Answers
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Out of the choices provided above, it can be concluded to state that considering the effects of one's actions over a long term discovery is one of the ideal responses, and an ethical way to deal with a problem. Therefore, the option B holds true.
What is the significance of an ethical problem?An ethical problem can be referred to or considered as one of the most critical concern for the smooth functioning of a working organization. It is needed to be dealt in an effective way using relevant solutions that can derive positive outputs for the organization.
The consequences of a problem may be ambiguous in nature, and thus, it becomes important to review them well by taking the effects of actions into consideration, and what influence they could have on the organization in the longer run.
Therefore, the option B holds true and states regarding the significance of an ethical problem.
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There is an inverse relationship between followers and engagement -- surprisingly, the more followers, the LESS engagement with posts. Why do you think non-celebrities are able to influence buying behavior?
Answers
This is because the followers are aware of the celebrity and their motivations, thus their purchasing decisions aren't as affected by consumer behaviour.
What is consumer behaviour?The activities and choices that consumers make when using or purchasing things are referred to as consumer behaviour in marketing. Consumer behaviour towards a product encompasses all aspects, from the original choice to acquire it through how they use it and whether they decide to make additional purchases of it in the future or not. Consumer behaviour can be divided into four categories: routine purchases, variety-seeking purchases, purchases made to avoid dissonance, and sophisticated purchases. The sort of goods a consumer needs, their level of involvement, and the variations between companies all influence the forms of consumer behaviour they exhibit.
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