Gilberto Company currently manufactures 40,000 units per year of one of its crucial parts. Variable costs are $1.60 per unit, fixed costs related to making this part are $40,000 per year, and allocated fixed costs are $30,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $2.70 per unit guaranteed for a three-year period.
Required:
a. Calculate the total incremental cost of making 40,000 and buying 40,000 units. Should the company continue to manufacture the part, or should it buy the part from the outside supplier?
Answers
Answer:
It is cheaper to make the part. In three years the company will save $12,000.
Explanation:
Giving the following information:
Units= 40,000
Variable costs= $1.60 per unit
Fixed costs= $40,000 per year
Gilberto is considering buying the part from a supplier for a quoted price of $2.70 per unit guaranteed for three years.
We need to calculate the total cost of making and buying the part.
Make in-house:
Total cost= 1.6*40,000 + 40,000= $104,000
Buy:
Total cost= 40,000*2.7= $108,000
It is cheaper to make the part. In three years the company will save $12,000.
Related Questions
Say you bought a share of Sun Microsystems for $100 and a share of Cisco for $10. The price of each is currently $15. Assuming taxes are not an issue, which would you sell if you need $15?
Answers
Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. For example, Mattel builds up its inventory to meet the needs of retailers selling to Christmas shoppers. A large portion of Mattel's sales are on credit. As a result, Mattel often collects cash from its sales several months after Christmas. Assume on November 1, 2018, Mattel borrowed $6 million cash from Metropolitan Bank and signed a promissory note that matures in six months. The interest rate was 8.0 percent payable at maturity. The accounting period ends December 31.
Required:
1, 2 & 3. Prepare the required journal entries to record the note on November 1, 2018, interest on the maturity date, April 30, 2019, assuming that interest has not been recorded since December 31, 2018
Answers
Answer:
1. Nov 1, 2018
Cash 6,000,000
Notes Payable (short-term) 6,000,000
2. Dec 31, 2018
Interest Expense 80,000
Interest Payable 80,000
3. Apr 30, 2019
Notes payable (short-term) 6,000,000
Interest Payable 80,000
Interest Expense 160,000
Cash 6,240,000
Explanation:
1. $6,000,000 cash Mattel acquired from Metropolitan Bank for signing a short-term note (matures in six months).
2. 6,000,000 x .08 x 2/12 = 80,000
2 months (Nov and Dec) time that Mattel accrued $80,000 worth of interest.
3. The note was signed for 6,000,000.
Interest payable is the amount that was accrued from the last year, but hasn't been paid yet for $80,000.
Interest expense is the interest amount that is from the current year and is being repaid for $160,000.
Cash is the total (the principal payment and the interest) that Mattel is paying the bank back for borrowing for $6,240,000.
The journal entries of the given case are given in the image below.
What is journal entry?Journal entry is the systematic record of the accounting transactions that is commenced under the usual business in cash. It is the financial transactions.
It is also referred to as the primary accounting procedure, means the financial statement is prepared on the basis of journal entry.
Computation of the amount of journal entry:
On November 2018, the amount of $6,000,000 cash Mattel grown from Metropolitan Bank for signing a short-term note that matures in 6 months.
On December 31, 2018, Mattel accrued $80,000 worth of interest, means :
\(= \$6,000,000 \times .08 \times \dfrac{2}{12} \\= \$80,000\)
Then the amount of Cash is the total, means the principal payment and the interest is that Mattel is paying the bank back for borrowing for $6,240,000 ( \(\$6,000,000 + \$80,000 + \$160,000\)).
Therefore, the journal entries of the above transactions are given in the image below.
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walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1995. he also acquired a rental house in 2022, which he actively manages. during 2022, walter's share of the partnership's losses was $11,500, and his rental house generated $41,000 in losses. walter's modified adjusted gross income before passive losses is $129,000.A. Calculate the amount of Walter's allowable deduction for rental house activities for 2022. B. Calculate the amount of Walter's allowable deduction for the partnership losses for 2022.C. What may be done with the unused losses, if anything?1. The unused losses may be carried.2. tax years to reduce.3. income in those years.
Answers
Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1985. The amount of Walter's allowable deduction for rental house activities for 2015 is $ 21,000.
a) Allowable deductions = $25,000 - 50% of $8,000 = $25,000 - $4,000 = $21,000.
For every dollar the taxpayer's modified adjusted gross income surpasses $100,000, their entitlement to $25,000 is decreased by 50 cents. If the modified adjusted gross income is greater than $150,000, no deduction is permitted.
b) The amount of Walter's allowable deduction for the partnership losses for 2015 is 0.
c) The unused losses may be carried forward to future tax years to reduce passive income in those years.
Mortgage interest payments, home repairs, insurance, letting agency fees, and 10% of your total rental revenue for depreciation are all deductible expenses.
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Correct question:
Walter, a single taxpayer, purchased a limited partnership interest in a tax shelter in 1985. He also acquired a rental house in 2015, which he actively manages. During 2015, Walter's share of the partnership's losses was $19,000, and his rental house generated $42,500 in losses. Walter's modified adjusted gross income before passive losses is $108,000.
If an amount is zero, enter "0".
a. Calculate the amount of Walter's allowable deduction for rental house activities for 2015.
b. Calculate the amount of Walter's allowable deduction for the partnership losses for 2015.
c. What may be done with the unused losses, if anything?
The unused losses may be carried ____ tax years to reduce ____ income in those years.
Which form does an individual use to file taxes? W-4 1040 W-2 1020
Answers
Answer:
a W-4 1040
Explanation:
W-4 1040 is used to file taxes while a W-2 1020 is what an employer sends to an employee to report their wages and withholdings.
W-4 1040 form does an individual use to file taxes, because W-4 1040 is used to file taxes while on the other hand W-2 1020 is what an employer sends to an employee to report their wages and withholdings.
What is form W-4?The Internal Revenue Service (IRS) Document W-4, also known as the "Employee's Withholding Allowance Certificate", is a tax form that employees in the United States fill out to inform their employers of their tax situation (exemptions, status, etc.).
The W-4 form indicates to the employer how much federal income tax should be deducted from an employee's paycheck.
What is Tax?In order to ensure that taxpayers are paying the proper amount of tax at the proper time and obtaining the proper tax allowances and tax reliefs, tax compliance refers to both policy actions and individual behavior.
A tax is a mandatory financial charge or another sort of levy that is levied by a governmental institution on a taxpayer (an individual or legal entity) in order to pay for government spending and other public expenditures (regional, local, or federal).
The first known taxation was implemented in ancient Egypt between 3000 and 2800 BC.
Failure to make timely payments as well as tax evasion or resistance are examples of breaking the law.
Taxes can be paid directly or indirectly, in cash or labor.
Hence, option A is correct.
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Which of the following is NOT a benefit of investing in a mutual fund?
O diversification
O skilled investors
O affordability
O lower potential gains
Answers
Lower potential gains is not a benefit of investing in a mutual fund
What are mutual funds?
A mutual fund is a type of financial instrument that combines investor capital with a single investing goal. Depending on the goals of the scheme, it subsequently invests the funds in different asset classes including equities and bonds. In general, mutual funds are considered to be a secure investment and an excellent way enabling investors to invest with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.
Reasons for high costs
The Charges.market ambiguityThe Managers of Funds.The type of fund.Size of the Fund.Taxation Associated With Your Mutual FundFor a variety of reasons, such as large inflows or to retain exclusivity, mutual funds and hedge funds may decide to close to new participants. When a fund is winding down, funds may also close to new investors because of subpar performance.
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Bettina Amman is a sales consultant. She travels all over the country selling her company’s products. Her total monthly expenses for June, July, and August were $4,356.01, $9,011.20, and $8,780.00. What was her average monthly expenditure?
a
$7,382.40
b
$22,147.21
c
$8,090.25
d
$6,565.00
Answers
Answer:
a. $7,382.40
Explanation:
With regards to the above,
Bettina Amman 's average monthly expenditure calculation is shown below;
= Total monthly expenses / Number of months
= $4,356.01 + $9,011.20 + $8,780 / 3
= $7,382.40
Therefore, Bettina Amman's average monthly expenditure is $7,382.40
Lanyards that have no shock-absorbing features are used for _____. Group of answer choices climbing ladders workers under 150 pounds positioning working on scaffolds
Answers
Answer:
Positioning
Explanation:
In simple words, A positioning gadget system includes a positioning lanyard. The employee is supported by this system on a raised vertical surface, such as a wall or pole. This allows people to work while leaning without having to use their hands. The lanyard ties the individual to a place in ahead of their physique that serves as an anchor point.
Select all that apply
Which statements are true regarding trade credit? (Select all that apply)
It is the most widely used source of short-term funds.
It is used by large and small businesses.
It is usually more convenient than bank loans.
It is more expensive long term than other loans.
Answers
Regarding trade credit, the following assertions are true: Both large and small enterprises utilize it. Usually, it is more practical than bank loans. As a result, choices (B) and (C) are accurate.
When products and services are purchased on credit, trade credit refers to the loan provided by one merchant to another. The ability to buy materials on trade credit makes it possible. Business groups frequently utilize trade credit as a form of short-term finance.
Customers that have a respectable level of financial standing and goodwill are given it. 2020 Kuveya
Trade credit may take many different forms and is widely used. Different specialized versions are used by various businesses. They all share the bank loans collaboration of businesses to use money effectively to achieve diverse business goals.
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Answer:
it is you by large and small businesses
it is usually more convenient than bank loans
it is the most widely used source of short term funds
Explanation:
Corporate Tax Liability The Talley Corporation had taxable operating income of $340,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $50,000, (2) dividends received of $25,000, and (3) dividends paid of $35,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm’s taxable income? Round your answer to the nearest dollar. $ What is the tax expense? Round your answers to the nearest dollar. $ What is the after-tax income? Round your answers to the nearest dollar. $
Answers
Answer:
Taxable income:
Dividends received are 50% exempted from taxation. Taxable income is:
= Taxable operating income +(Dividends received * 50%) - Interest charges
= 340,000 + (25,000 * 50%) - 50,000
= $302,500
Tax expense:
= Taxable income * federal tax rate
= 302,500 * 21%
= $63,525
After-tax income:
= Taxable income - Tax expense
= 302,500 - 63,525
= $238,975
Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 123 - 3Q. The total cost function for each firm is TC(Q) = 3Q. The price charged in this market will be
Answers
The price changed in this market will be mathematically given as
P=93
What is the price change in this market?P = 123 - 3Q
Generally, the equation for the statement is mathematically given as
P = 123 - 3Q
Therefore
\(\frac{d \pi}{ d \Q1}\)=123-6Q1-30Q2-3=0
Where
Q1=120-3Q2/6
Hence
Q1=120-3(120-3Q1/6)/6
Q1=13.333
In conclusion,
P = 123 - 3(2*13.333)
P=93
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1) Giving examples explain Eight (8) types of leadership styles(10mks)
2) Explain the do’s and don’ts of communication(5mks)
3) Explain the how managers can use motivation theories to motivate employees(10mks)
Answers
Answer:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility.
Answer:
Explanation:
1) Eight types of leadership styles are:
a) Autocratic Leadership: This style of leadership involves the leader making all the decisions and giving orders to subordinates without getting any input or feedback from them. This style is useful in situations where quick decisions need to be made, but it can lead to resentment and low morale among employees.
b) Democratic Leadership: This style of leadership involves the leader encouraging participation and input from subordinates in decision-making. This style can lead to higher job satisfaction and greater commitment among employees, but it can also lead to slower decision-making and lack of accountability.
c) Laissez-Faire Leadership: This style of leadership involves the leader delegating decision-making and responsibility to subordinates. This style can be useful in situations where employees are highly skilled and motivated, but it can also lead to lack of direction and accountability.
d) Transactional Leadership: This style of leadership involves the leader using rewards and punishments to motivate employees. This style can be effective in achieving short-term goals, but it can also lead to lack of creativity and innovation.
e) Transformational Leadership: This style of leadership involves the leader inspiring and motivating employees to achieve shared goals. This style can lead to high levels of job satisfaction and commitment, but it can also be difficult to implement and maintain.
f) Servant Leadership: This style of leadership involves the leader putting the needs of employees first and serving them. This style can lead to high levels of trust and loyalty among employees, but it can also be difficult to implement and maintain.
g) Charismatic Leadership: This style of leadership involves the leader using their personality and charisma to inspire and motivate employees. This style can be effective in achieving short-term goals, but it can also be risky if the leader becomes too focused on their own goals and needs.
h) Situational Leadership: This style of leadership involves the leader adapting their style to fit the situation and needs of the employees. This style can be effective in achieving a balance between task and relationship-oriented leadership, but it can also be difficult to implement and maintain.
2) The do's and don'ts of communication are:
Do's:
a) Be clear and concise in your communication.
b) Use active listening to understand the other person's perspective.
c) Use appropriate body language and tone of voice to convey your message.
d) Use examples and anecdotes to illustrate your points.
e) Provide feedback and ask for feedback to improve communication.
Don'ts:
a) Interrupt the other person while they are speaking.
b) Use offensive language or tone of voice.
c) Assume that the other person understands your perspective.
d) Make assumptions or judgments about the other person without getting their input.
e) Use distractions or multitasking while communicating.
3) Managers can use motivation theories to motivate employees by:
a) Understanding the needs and goals of the employees.
b) Providing rewards and recognition for good performance.
c) Creating a positive work environment that fosters creativity and innovation.
d) Offering opportunities for growth and development.
e) Encouraging teamwork and collaboration.
f) Providing regular feedback and communication.
g) Setting clear goals and expectations.
h) Providing training and support for employees to achieve their goals.
i) Creating a culture of trust and respect.
j) Encouraging autonomy and responsibility
Are Corporate Stakeholders nothing more than “free riders”, explain your answer?
Answers
No, corporate stakeholders are not merely "free riders."
Are corporate stakeholders merely taking advantage without contributing?Corporate stakeholders play a vital role in the success and sustainability of a company. They include shareholders, employees, customers, suppliers, and the local community. Each stakeholder group has a vested interest in the company's operations and outcomes.
Shareholders invest their capital, employees contribute their skills and labor, customers provide revenue, suppliers offer goods and services, and the local community supports the company's presence. While stakeholders benefit from the company's success, they also actively contribute to its growth and prosperity.
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The higher education department of Holmes Institute recorded data on the number of students enrolled in the different study majors for the years Study Major 2018 2019 Statistics 1700 2250 Business Law 700 900 Accounting 1300 1450 Economics 750 1000 Finance 1450 1758 Marketing Management 1069 1189 Auditing 360 3512018 and 2019. The data are stored in file STUDYMAJOR.xls. a) Use an appropriate graphical technique or chart to compare the number of enrolment in 2018 and 2019 of the different study major. Display the chart. (2 marks) b) Use an appropriate graphical technique or chart to display the percentage value of the number of enrolment of the different study major in 2018 and 2019. Display the chart.
Answers
Answer:
The number of enrolment and the calculated the percentage value of the number of enrolment of the different study major in 2018 and 2019 are given below:
Study Major 2018 2019 2018 (%) 2019 (%)
Statistics 1,700 2,250 23% 25%
Business Law 700 900 10% 10%
Accounting 1,300 1,450 18% 16%
Economics 750 1,000 10% 11%
Finance 1,450 1,758 20% 20%
Marketing Management 1,069 1,189 15% 13%
Auditing 360 351 5% 4%
Total 7,329 8,898 100% 100%
Explanation:
Note: See the attached excel file for the two bar charts.
At December 31, the unadjusted trial balance of H&R Tacks reports Software of $34,500 and and zero balances in Accumulated Amortization and Amortization Expense. Amortization for the period is estimated to be $6,900. Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
Answers
Answer:
Dr amortization expense $6,900
Cr Accumulated amortization $6,900
Explanation:
The adjusting journal on 31 December is to reflect the amortization charge of $6,900 in both accumulated amortization and amortization expense accounts.
Find attached t-accounts,note that amortization expense account would not have a closing balance as the amount of amortization is written to income statement
Land originally purchased for $27,500 is sold for $74,987 in cash what is the effect of the sale on the accounting equation
Answers
The effect of the sale on the accounting equation is an increase in assets by $47,487 and an equal increase in equity.
In the given scenario, when land originally purchased for $27,500 is sold for $74,987 in cash, the effect on the accounting equation can be described as follows:
Assets: The land is an asset, and its original value of $27,500 is removed from the asset side of the equation. Additionally, the cash received from the sale, which is $74,987, is added to the asset side. Therefore, the net effect on assets is an increase of $74,987 - $27,500 = $47,487.
Liabilities: The sale of land does not directly impact the liabilities side of the equation. Liabilities represent the debts and obligations of the company, such as loans or accounts payable. Unless there are specific liabilities related to the land, they would remain unchanged in this transaction.
Equity: Equity represents the owner's interest in the company and is calculated as assets minus liabilities. Since the transaction does not impact liabilities, the effect on equity is equal to the effect on assets. Therefore, the equity increases by $47,487.
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The second step of writing a career action plan is to: perform an informational interview. list all work experience. list and analyze the results of self-assessments. make short term goals.
Answers
The second step of writing a career action plan is to make short term goals. The Option D is correct.
What is the significance of career action plan?A career action plan refers to a roadmap that guide someone from the starting point in your career to a place where you feel like you're truly advancing. For example, the plan can help you choose an occupation and then guide you to getting a job and advancing in your career.
Career action plan is also referred to as an Individualized Career Plan or an Individualized Career Development Plan which will help you reach your career goals.
In essence, the timeline for achieving one's career action plan goals should start with your short-term ones and end with your primary objective. We need to be flexible as career action plan can always change.
Full question "The second step of writing a career action plan is to: a. perform an informational interview. b. list all work experience. c. list and analyze the results of self-assessments. d. make short term goals.
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Miller and Sons' static budget for 10,300 units of production includes $36,800 for direct materials, $48,500 for direct labor, variable utilities of $7,500, and supervisor salaries of $14,900. A flexible budget for 13,900 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. a.direct materials of $49,662, direct labor of $65,451, utilities of $10,121, and supervisor salaries of $17,880 b.direct materials of $49,662, direct labor of $65,451, utilities of $10,121, and supervisor salaries of $14,900 c.the same cost structure in total d.total variable costs of $107,700
Answers
Answer:
b. direct materials of $49,662, direct labor of $65,451, utilities of $10,121, and supervisor salaries of $14,900
Explanation:
\(\left|\begin{array}{c|c|c|c}$Item&$Cost for 10,300 Units&$Unit Cost&$Cost for 13900 Units\\--&--&--&--\\$Direct materials&\$36,800&\dfrac{36800}{10300} &\dfrac{36800}{10300}\times 13900$ Units=\$49662\\\\$Direct Labor&\$48,500&\dfrac{48500}{10300} &\dfrac{48500}{10300}\times 13900$ Units=\$65451\\\\$Variable Utilities&\$7,500&\dfrac{7500}{10300} &\dfrac{7500}{10300}\times 13900$ Units=\$10121\end{array}\right|\)The Supervisor's Salary is a fixed cost.
Therefore, a flexible budget for 13,900 units of production would show:
Direct materials of $49,662, Direct labor of $65,451, Utilities of $10,121Supervisor salaries of $14,900John has two hours before having to go to his part-time job. He is deciding between studying for a math exam and taking a nap. If John chooses to take a nap, the opportunity cost of his
decision is
a. the rest he is getting
b. the score he will eam on the math exam
c. the wages from his part-time job
d. all of the above
Answers
Answer:
D: All of the above
Explanation:
All of the above due to all of these things being affected by this decision
How does finance and insurance affect in our global economy?
Answers
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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One reason why firms might want to pursue a strategic alliance strategy is to exploit
economies of scale. Exploiting economies of scale should reduce firm’s costs. Does this
mean that a firm pursuing an alliance strategy to exploit economies of scale is actually
pursuing a cost leadership strategy? Why or why not? Support your answer
Answers
So, a strategic alliance may benefit the combined group in two ways: one, it will enable them to target larger clients without facing significant rivalry
Economies of scale, which are commonly assessed by the quantity of product provided per unit of time, seem to be the cost savings that businesses gain as a result of the significant scale of the economy.
In order to lower manufacturing costs, economies of scale is the method of producing any good at a very high volume. Strategic alliances allow two businesses to more effectively merge their operations.
It will enable them to lower costs through economies of scale. Additional benefits of economies of scale include lower prices for goods or cost focus in the marketplace.
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what is commercial bank? in your own words.
Answers
practice setting goals for various aspects of your personal life such as academics career preparation family hobbie. set at least two short term goals and at least two Long term goals for each area for these goals that you have set write out plans for achieving those goals.think in terms of what you will have to do to accomplish each
Answers
Certainly, setting goals is an essential practice to achieve success and satisfaction in various aspects of personal life.
Academics:
Short-term goals:
Attend all classes and complete assignments on time.Improve my grade in a specific course by studying regularly. Plan to achieve short-term goals:
Create a daily study schedule and allocate time for reading, writing, and reviewing notes.Seek help from a tutor or professor for difficult concepts.
Long-term goals: Achieve a high GPA to qualify for graduate school. Get accepted into my desired graduate program. Plan to achieve long-term goals: Take challenging courses and attend workshops or seminars to improve academic skills.Research graduate programs and their admission requirements, and prepare for standardized tests if necessary.
Career Preparation:
Short-term goals: Update my resume and cover letter for job applications.Attend a networking event and meet new people in my industry. Plan to achieve short-term goals:Research the latest trends in resume and cover letter writing, and tailor them to specific job applications. Prepare a pitch and networking strategy in advance.
Long-term goals:
Secure a job in my preferred industry and position. Develop new skills and advance in my career.Plan to achieve long-term goals:Attend career fairs, conferences, and other industry events to network and learn about job opportunities.Take online courses or certifications to acquire new skills and knowledge.Seek mentorship or coaching from experienced professionals.
Family:
Short-term goals:Plan a weekend outing with my family.Call or video with a family member living in a different city or country.Plan to achieve short-term goals: Discuss with family members and decide on a fun activity that everyone can enjoy.Schedule a specific time for calling or video chatting, and set reminders if necessary.
Long-term goals:
Spend more quality time with family on a regular basis.Plan and save for a family vacation in the next year.Plan to achieve long-term goals:Create a family calendar or schedule to plan and prioritize events and activities.Set aside a specific amount of money each month for family vacations or other activities.
Hobbies:
Short-term goals:
Practice a new hobby for at least one hour each day.Learn a new technique or skill in my hobby.Plan to achieve short-term goals:Schedule a specific time each day for practicing or learning, and avoid distractions. Research online tutorials or courses, and follow step-by-step instructions.
Long-term goals:
Master a specific hobby and showcase my work publicly.Incorporate my hobby into my career or business.Plan to achieve long-term goals:Attend workshops or conferences to learn from experts and connect with like-minded individuals.Create a portfolio or online gallery to showcase my best work and promote my hobby.
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Lunar coast Incorporated issued BBB bonds two years ago that provided a yield to maturity of 12.5 percent. Long-term risk-free government bonds were yielding 8.5 percent at that time. The current risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the risk free long-term government bonds are currently yielding 7.8 percent, then at what rate should Lunar coast expect to issue new bonds?
Answers
Answer:
9.8%
Explanation:
Calculation to determine the what rate should Lunar coast expect to issue new bonds
First step is to calculate the previous risk premium, RPBBB
RP BBB= 12.5% - 8.5%
RP BBB= 4%
Second step is to calculate the previous risk premium new RP BBB:
New RP BBB= 4%/2
New RP BBB= 2%.
Now let calculate the new YTM on BBB bonds: YTM BBB= 7.8% + 2%
YTM BBB= 9.8%
Therefore The rate that that Lunar coast should expect to issue new bonds is 9.8%
Financial markets bring together people interested in purchasing or selling
what?
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the market place is off
When an ice cream shop was founded, it made 31 different flavors of ice cream. If you had a choice of having a single flavor of ice cream in a cone, a cup, or a sundae, how many different desserts could you have?
Answers
A person could have 93 different desserts from the ice-cream shop that have 31 different flavors of ice cream. It is calculated by multiplying the total number of ice-cream flavors with the choices of containers available.
What is a dessert?A meal's final course is usually dessert. The course comprises of sweet treats like candies and perhaps a drink like dessert wine or liqueur. There isn't a customary dessert dish to end a dinner in various parts of the world, including most of China, much of West Africa, and much of Greece.
Let's suppose, each ice cream (I) is formed by 1 ice-cream flavor, and 1 container.
There are:
31 flavors (f)3 kind of containers (c): cone, cup or sundaeWe can find all the possible combinations using the following expression.
I = f × c
I = 31 × 3
I =93
Therefore, there can be 93 possible ice cream combinations.
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Which type of reinforcement schedule results in the quickest learning
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I bad at explaining things but a easy way to learn quicker (for me anyways) is by taking notes and going over them everyday and reading a little ahead then you have to. Also by going at your pace first till you get use to it before you start pushing your self a little harder.
This helps a lot but than again every one is different so I would honestly juts say to go slow at first and work your self up that way it would he a lot easier on you if you want to learn faster
Exit Assignm
Mc
Graw
Hill
9 of 34 Concepts completed i
Multiple Select Question
Select all that apply
Explain your understanding of what an accrued expense is by selecting the statements below which are correct. (Check all that apply.)
Adjustments involve increasing both an expense and a liability account.
They are reported on an income statement.
Examples of accrued expenses are wages expense and interest expense.
They are also called accounts receivable.
They refer to earnings which have been earned, but not yet billed.
They refer to costs that are incurred in a period, but are both unpaid and unrecorded.
Need help? Review these concept resources.
Read About the Concept
Answers
The statement that is correct about accrued expense is adjustments involve increasing both an expense and a liability account
What are accrued expenses?Accrued expenses include all expenses incurred by a company or industry that is documented.
Some of the expenses could be purchase of raw materials that is yet to be delivered but have been paid for and documents in the accounting book. It is also called accrued liability
Therefore, The statement that is correct about accrued expense is adjustments involve increasing both an expense and a liability account
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Answer:examples of accrued expenses are salaries expenses and interest expenses, They refer to the coast that are incurred in a period that are both unpaid and unrecorded, Adjustment involve increasing both an expense and a liability account
Explanation: did it
Management at Work
Shen knows that the restaurant business is the right industry for him. Earlier this year, he opened a small restaurant offering seafood, steaks, and unique side dishes not found at other restaurants. He did not have the savings to quit his existing job as a waiter, so the new restaurant is open only Monday through Thursday nights, which is when he is not working at the other restaurant. Although the restaurant is open only 4 days per week, Shen works up to 16 hours on each of those days. He arrives early in the morning to receive deliveries from vendors and complete paperwork, and he is usually the last person to leave at night after the cleanup is finished.
After 6 months, Shen was disappointed that the restaurant had not achieved the anticipated level of profits and success. It didn’t seem right that Shen could work so hard, yet still be struggling to run the business. All revenue was immediately used to pay the small staff or the vendors, so Shen was not taking home any money. Instead, he had to rely on what he earned as a waiter at the other restaurant. He was also learning that running a restaurant involves much more than meets the eye. For example, in his job as a waiter, Shen never had to deal with issues such as inspections by the Health Department or finding an ingredient when a vendor is unable to deliver an item. Last Thursday, the evening special was grilled lobster, but the restaurant did not have enough lobster.
QUESTION: What should you tell Shen are possible reasons his restaurant is not achieving the success he desires? Check all that apply.
A) While Shen’s experience as a waiter is valuable, it may not have allowed him to develop the breadth of business skills necessary to run a new restaurant.
B) Shen must accept that the restaurant is not successful and close it.
C) Shen should immediately hire more staff, including another cook and at least one more server.
D). Expecting the restaurant to be profitable after just 6 months may not have been a realistic expectation.
Answers
Option (d), Though expecting the restaurant to be profitable after just six months may not have been a reasonable expectation, Shen are many explanations why his restaurant is not experiencing the success he expects.
What is the profitability of a restaurant?The restaurant profit margin, sometimes referred to as the net profit margin, is the amount of money your establishment makes after paying all of its expenses. Net profit margin is a metric used to determine your company's profitability ratio, which is the difference between revenue and cost of revenue.
How can you tell whether your restaurant will be successful?A strong sense of brand identity, hiring and motivating staff, fostering a positive work environment, becoming familiar with profit and loss statements, creating a menu that is profitable, and learning how to market your best-selling dishes are just a few of the crucial elements of successful restaurants.
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Compute gross profit for the month of january for laker company for the four inventory methods. (round cost per unit to 2 decimal places and final answers to the nearest whole dollars. ).
Answers
First In, First Out (FIFO):The cost of goods sold (COGS) is calculated by multiplying the cost per unit of the oldest inventory available by the number of units sold. Gross Profit = $50,000
What is goods?Goods are tangible products that are produced and consumed to satisfy the needs and wants of consumers. Goods are physical objects that can be touched, felt, seen, and used. They are typically items that are bought and sold in the marketplace and can range from basic necessities such as food, clothing, and shelter to luxury items such as cars, jewelry, and electronics.
First In, First Out (FIFO):
The cost of goods sold (COGS) is calculated by multiplying the cost per unit of the oldest inventory available by the number of units sold.
Cost per Unit of Inventory: $50
Number of Units Sold: 2,000
COGS = $50 x 2,000 = $100,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $100,000 = $50,000
Last In, First Out (LIFO):
The cost of goods sold (COGS) is calculated by multiplying the cost per unit of the newest inventory available by the number of units sold.
Cost per Unit of Inventory: $60
Number of Units Sold: 2,000
COGS = $60 x 2,000 = $120,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $120,000 = $30,000
Weighted Average:
The cost of goods sold (COGS) is calculated by taking the weighted average of the cost of all units of inventory.
Cost per Unit of Oldest Inventory: $50
Cost per Unit of Newest Inventory: $60
Number of Units Sold: 2,000
Weighted Average Cost Per Unit = (50 x 1000) + (60 x 1000) / 2,000 = $55
COGS = $55 x 2,000 = $110,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $110,000 = $40,000
Specific Identification:
The cost of goods sold (COGS) is calculated by taking the cost of the specific units of inventory that were sold.
Cost per Unit of Oldest Inventory: $50
Cost per Unit of Newest Inventory: $60
Number of Units Sold: 2,000
COGS = (50 x 1000) + (60 x 1000) = $110,000
Gross Profit = Net Sales - COGS
Net Sales = $150,000
Gross Profit = $150,000 - $110,000 = $40,000
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Estimate the gross profit for 2021 as follows: In cell C15, create a formula without using a function that subtracts the vendor cost (cell C7) and the shipping cost (cell C9) from the sales price (cell (3), and then multiplies the result by the projected number of units for sale in 2021 (cell C10). Use absolute references to each cell in the formula.
im confused about the using absolute reference for this question
Answers
The formula for estimating the gross profit for 2021 is:Total revenue for 2021 = (Sales price - Vendor cost - Shipping cost) * Projected number of units for sale in 2021. the formula =(C3-C7-C9)*C10 in cell C15 to calculate the total revenue for 2021.
To estimate the gross profit for 2021, we need to calculate the total revenue and the total cost of goods sold (COGS) for the year. The difference between these two figures will give us the gross profit.
In cell C15, we can create a formula to calculate the total revenue for 2021. We will do this by subtracting the vendor cost and shipping cost from the sales price, and then multiplying this result by the projected number of units for sale in 2021.
To do this, we can use the following formula in cell C15:
=(C3-C7-C9)*C10
Here, we are subtracting the vendor cost (C7) and shipping cost (C9) from the sales price (C3) using the subtraction operator (-). We then multiply this result by the projected number of units for sale in 2021 (C10) using the multiplication operator (*).
It is important to use absolute references to each cell in the formula so that we can copy and paste the formula to other cells without changing the cell references. To create an absolute reference, we need to add a dollar sign ($) before the column and row references in the cell reference. For example, to create an absolute reference to cell C3, we would use $C$3.
Once we have calculated the total revenue for 2021, we can calculate the total COGS for the year by adding up all the costs associated with producing and selling the units. This might include materials, labor, and other overhead costs. Subtracting the COGS from the total revenue will give us the gross profit for 2021.
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