On December 31, the end of the first year of operations, Frankenreiter Inc. manufactured 25,600 units and sold 24,000 units. The following income statement was prepared, based on the variable costing concept: Frankenreiter Inc. Variable Costing Income Statement For the Year Ended December 31, 20Y1 1 Sales $9,600,000.00 2 Variable cost of goods sold: 3 Variable cost of goods manufactured $5,376,000.00 4 Inventory, December 31 (336,000.00) 5 Total variable cost of goods sold 5,040,000.00 6 Manufacturing margin $4,560,000.00 7 Total variable selling and administrative expenses 1,150,000.00 8 Contribution margin $3,410,000.00 9 Fixed costs: 10 Fixed manufacturing costs $1,664,000.00 11 Fixed selling and administrative expenses 890,000.00 12 Total fixed costs 2,554,000.00 13 Income from operations $856,000.00 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.
Answers
Answer:
Results are below.
Explanation:
Giving the following information:
Production= 25,600 units
Units sold= 24,000
Variable cost of goods sold= $5,376,000
Fixed manufacturing costs= $1,664,000
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Variable costing method:
Unitary product cost= 5,376,000/25,600= $210
Absorption costing:
Unitary product cost= 210 + (1,664,000/25,600)= $275
Related Questions
Which of the following is a similarity between a production orientation and sales orientation
Answers
The similarity between a production orientation and a sales orientation is that both lack an understanding of the needs and wants of the marketplace.
What is a production orientation?This orientated organisation operates a mass production model and streamlines this production process for its product offering, that is, the orientation approach assumes that its customers value price and focuses on lowering production costs to meet such price needs of this customer base.
What is a sales orientation?It is business model that is focused on making the best product and services without considering customer's wants or needs, this orientation approach uses aggressive, outbound sales tactics and marketing promotions to drive revenue.
Therefore, the similarity between a production orientation and a sales orientation is that both lack an understanding of the needs and wants of the marketplace.
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ACC 303 Where do the rules come from? Who impact accounting
Answers
Answer:
Financial Accounting Standards Board (FASB)Governmental Accounting Standards Board (GASB)International Accounting Standards Board (IASB)Explanation:
There are two main accounting standards in the world and these are: the International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (U.S. GAAP). IFRS is used by most countries in the world and U.S. GAAP is used by American companies mostly.
U.S. GAAP is developed by the FASB and the GASB together so that both private and government companies are able to use the standards. IFRS is released by the IASB to ensure uniformity in account reporting across the world. It is worthy of note that both standards are trying to converge and so in the not too distant future, there may just be one standard followed.
I am better at my job than most of the other people who have the same job title agree or disagree
Answers
Disagreed. You cannot say that you are better at your job than others who have the same job title.
How to answer questionnaire questions?While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.
The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.
In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.
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On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter.
Total Revenue
0
25
50
75
100
125
150
175
200
225
250
275
300
325
8700
8100
7500
6900
6300
5700
5100
4500
3900
3300
TOTAL REVENUE (Dollars)
PRICE (Dollars per scooter)
According to the midpoint method, the price elasticity of demand between points A and B is approximately .
Suppose the price of scooters is currently $200 per scooter, shown as point A on the initial graph. Because the demand between points A and B is , a $25-per-scooter decrease in price will lead to in total revenue per week.
In general, in order for a price decrease to cause a decrease in total revenue, demand must be .
Answers
The weekly total revenue given the market price is attached.
How to explain the informationAt point B: P1 = $125 and Q1 = 70
At point A: P2 = $150 and Q2 = 60
PED between point A and B = ?Q/?P *( P1 + P2 / Q1 + Q2)
= (60 - 70) / (150 - 125) * (125 + 150) / (70 + 60)
= (-10 / 25) * (275 / 130)
= -0.85
The absolute value is 0.85. Since PED is less than 1, demand is inelastic.
According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.85.
Suppose the price of bippitybops is currently $125 per bippitybop, shown as point B on the initial graph. Because the price elasticity of demand between points A and B is inelastic, a $25-per-bippitybop increase in price will lead to increase in total revenue per day.
In general, in order for a price decrease to cause a decrease in total revenue, demand must be inelastic.
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select the correct answer.
Which Facets Model of Effects is a value that the customer assigns to something after receiving Information from their senses?
OA association
OB. affective
OC. perception
OD. cognition
Answers
Answer:
The answer is C. Perception!
Explanation:
Perception is when you receive information through your senses and assign it meaning. (There's a quizlet made by slmoon9852 that can teach you more about it!)
Anderson Oil often assigns employees to travel and work abroad on international projects. However, Anderson Oil leaders understand that travel is more difficult for employees with disabilities, so employees who require special accommodations for their jobs do not receive international travel assignments. Is Anderson Oil engaging in workplace discrimination?
a. No.
b. Yes, preferential treatment.
c. Yes, adverse impact.
d. Yes, disparate treatment.
Answers
Because Anderson oil does not give international travel assignments to those that are disabled, they are engaging in what is known as disparate treatment.
Disparate treatment is a type of discrimination in the work place. It is a system whereby certain class of people are treated differently.
This is obvious here in the case of this organization. The disabled may actually want to take on this assignments if there were no such rules. By this rule it means that they wont be able to do so.
As long as they are able to do the job they do not have to be excluded from those that should take on this assignment.
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Why do diverse teams succeed?
Answers
Answer:
because they're are many different people with different religions, relationships, and backgrounds. having a diverse team opens up many opportunities for the team it's self to learn how to help each other. For example if someone is just new to America and moved from let's say Germany they have more knowledge on the team about international ski teams and what to expect. so the team would succeed by working together with the information they were given.
List 10 ways you can apply green computing to your daily life.
Answers
1. Making Purchases from Businesses That Have a Commitment to the Environment
2. Taking Part in Programs for Recycling Electronic Equipment
3 Implementing Virtualization and Other Technologies
4 Reducing the Amount of Printed Material and Recycling Paper
5 Power down your computer and monitor
6. Modify the level of Brightness
7 Refrain from Utilizing a Screen Saver
8 Disconnect All Extraneous Devices
9 Make sure your printer is turned off.
10 Printed on Both Sides of the Sheet
This is further explained below.
What is computing?Generally, Computer refers to any goal-oriented activity that requires or benefits from the use of computing hardware or that creates such machinery.
The investigation and testing of algorithmic processes, as well as the creation of both hardware and software, are included in this field.
In conclusion,
1. Making Purchases from Businesses That Have a Commitment to the Environment
2. Taking Part in Programs for Recycling Electronic Equipment
3 Implementing Virtualization and Other Technologies
4 Reducing the Amount of Printed Material and Recycling Paper
5 Power down your computer and monitor
6. Modify the level of Brightness
7 Refrain from Utilizing a Screen Saver
8 Disconnect All Extraneous Devices
9 Make sure your printer is turned off.
10 Printed on Both Sides of the Sheet
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According to the video, which of these skills and abilities will help a worker succeed in this career cluster? Check all
that apply
being alert
being a quick learner
having good
communication skills
being assertive
being flexible
being confident
Answers
Answer:
B, C, E
Explanation:
Answer:
B. being a quick learner
C. having good communication skills
E. being flexible
Explanation:
Rebecca is a doctor with an AGI of $133,000 before consideration of income or loss from her dog breeding business. Her home is on
15 acres, 10 of which she uses to house the animals and provide them with ample space to play and exercise. Her records show the
following related income and expenses for the current year:
Income from fees and sales
Expenses:
Dog food
Veterinary bills
Supplies
Publications and dues
Required:
a. How must Rebecca treat the income and expenses of the operation if the dog breeding business is held to be a hobby?
Note: Leave no cells blank. Enter "0" wherever required.
b. How would your answer differ if the operation were held to be a business?
Note: Leave no cells blank. Enter "0" wherever required. Enter all losses with a minus sign.
a. Schedule C Business income/(loss)
a. Other Income/(loss)
$ 2,900
$ 4,400
3,900
1,360
430
a. Expenses-(Schedule A)
b. Schedule C Business income/(loss)
b. Other Income/(loss)
b. Expenses - (Schedule A)
$
$
$
" Brou
2,900
2,900
10,090
15 of 15
m
Next >
Answers
a. If the dog breeding business is held to be a hobby: Rebecca should report the income and expenses on her personal tax return.
How to explain the informationBased on the information provided, here's how Rebecca should treat the income and expenses:
Income from fees and sales: $2,900
Expenses:
Dog food: $4,400
Veterinary bills: $3,900
Supplies: $1,360
Publications and dues: $430
a. Schedule C Business income/(loss): 0 (since it is a hobby)
a. Other Income/(loss): $2,900
a. Expenses - (Schedule A): $10,090 (sum of all expenses)
b. If the operation is held to be a business:
If the dog breeding business is considered a legitimate business, Rebecca would report the income and expenses on Schedule C of her tax return, which is specifically designed for reporting business income and expenses.
Based on the information provided, here's how Rebecca should treat the income and expenses as a business:
Income from fees and sales: $2,900
Expenses:
Dog food: $4,400
Veterinary bills: $3,900
Supplies: $1,360
Publications and dues: $430
b. Schedule C Business income/(loss): $2,900 - ($4,400 + $3,900 + $1,360 + $430) = -$7,190
b. Other Income/(loss): 0 (since it is already accounted for in Schedule C)
b. Expenses - (Schedule A): 0 (since it is already accounted for in Schedule C)
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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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the HR plan for computer services international identifies that some positions will be hard to fill because they require skills that are in high demand how can that company prepare to meet this challenge?
Answers
Offer competitive pay, cultivate a great employer brand, collaborate with educational institutions, and give current employees the chance to grow professionally.
What is a good illustration of a brand development plan?Our joint campaign with Dreams to introduce the Revived mattress line is an excellent illustration of this tactic. This occurs when a company aims to increase its market share by introducing goods or services under an already-established brand name in a new market. A very successful expansion of the Disney brand is, for instance, Disneyland.
Why is having a strong brand important?Improved recognition, trust, and connectedness are advantages of strong brand values. Brand values that are memorable increase recognition. Consistency in branding is essential.
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Which of the following two
goods would most likely
experience the greatest effect
from the "Law of Increasing
Opportunity Costs?"
A. A business replaces trucks with cars,
B. A business replaces peachorchards with
cattle farms,
C. A business replaces orange trees with lime
trees,
Answers
Answer:
a
Explanation:
i think the answer is a
A company newly starting manufacturing operations on I January 2003 has made adequate arrangement for funds required for fixed assets. It wants you to prepare an estimate of funds required as working capital. It is to be remembered that:
a) In the first month there will be no sale, in the subsequent month sale will be 25% cash and 75% credit. Customer will be allowed one month credit.
b) Payments for purchase of raw materials will be made on one month credit basis.
c)
Wages will be paid fortnightly on the 22 and 7* of each month.
Other expenses will be paid one month in arrear except that 5% of selling expenses are to be paid immediately on sale being effected.
"The estimated sales and expenses for the first six months, spread evenly over the period subject to (a) above are as under:
Rs.
Sales
Material Consumed
Wages
Manufacturing Exp.
3,60,000
1.50.000
60.000
Rs.
Administrative Expenses
54,000
Selling Expenses
42.000
Depreciation on fixed assets
50.000
48.000
Budgeting and
Budgetary Control
The article produced is subject to excise duty equal to 10% of the selling price. The duty is payable on March 31, June 30, September 30, and December 31 for sales upto February 28, May 31, August 31 and November 30 respectively.
Prepare Cash Budget for each of the six months indicating the requirement of working
capital.
Answers
Answer:
To prepare the cash budget for each of the six months, we need to estimate the cash inflows and outflows for each month based on the given information.
Month 1 (January):
No salesNo payments for raw materialsWages are paid on January 22 and February 7Other expenses are paid in FebruaryNo excise duty payableCash inflow: 0
Cash outflow: 60,000 (wages)
Net cash flow: -60,000
Month 2 (February):
Sales: 3,60,000 x 25% = 90,000 (cash), 3,60,000 x 75% = 2,70,000 (credit)Payments for raw materials: 1,50,000Wages are paid on February 22 and March 7Other expenses are paid in March5% of selling expenses are paid immediately: 2,100 (5% of 42,000)No excise duty payableCash inflow: 90,000 (sales)
Cash outflow: 1,50,000 (raw materials), 60,000 (wages), 48,000 (manufacturing expenses), 54,000 (administrative expenses), 2,100 (selling expenses)
Net cash flow: -1,14,000
Month 3 (March):
Sales: 2,70,000 (credit from previous month)Payments for raw materials: 1,50,000Wages are paid on March 22 and April 7Other expenses are paid in AprilExcise duty payable: 27,000 (10% of 2,70,000)Cash inflow: 2,70,000 (sales)
Cash outflow: 1,50,000 (raw materials), 60,000 (wages), 48,000 (manufacturing expenses), 54,000 (administrative expenses), 27,000 (excise duty)
Net cash flow: -9,000
Month 4 (April):
Sales: 2,70,000 (credit from previous month)Payments for raw materials: 1,50,000Wages are paid on April 22 and May 7Other expenses are paid in MayNo excise duty payableCash inflow: 2,70,000 (sales)
Cash outflow: 1,50,000 (raw materials), 60,000 (wages), 48,000 (manufacturing expenses), 54,000 (administrative expenses)
Net cash flow: -42,000
Month 5 (May):
Sales: 2,70,000 (credit from previous month)Payments for raw materials: 1,50,000Wages are paid on May 22 and June 7Other expenses are paid in June5% of selling expenses are paid immediately: 13,500 (5% of 2,70,000)Excise duty payable: 27,000 (10% of 2,70,000)Cash inflow: 2,70,000 (sales)
Cash outflow: 1,50,000 (raw materials), 60,000 (wages), 48,000 (manufacturing expenses), 54,000 (administrative expenses), 13,500 (selling expenses), 27,000 (excise duty)
Net cash flow: -72,500
Month 6 (June):
Sales: 2,70,000 (credit from previous month)Payments for raw materials: 1,50,000Wages are paid on June 22 and July 7Other expenses are paid in JulyNo excise duty payableCash inflow: 2,70,000 (sales)
Cash outflow: 1,50,000 (raw materials), 60,000 (wages), 48,000 (manufacturing expenses), 54,000 (administrative expenses)
Net cash flow: -42,000
Based on the above calculations, the estimated working capital requirements for each month are as follows:
Month 1: -60,000
Month 2: -1,14,000
Month 3: -9,000
Month 4: -42,000
Month 5: -72,500
Month 6: -42,000
We can see that the company will require additional working capital in the first five months, with the highest requirement in the second month (-1,14,000). The company will have a surplus of working capital in the sixth month (-42,000). The company should arrange for adequate funds to meet the working capital requirements during the first five months to ensure smooth operations.
You call a coworker to see if they can come help you solve a problem
Answers
The chicken-or-egg problem was an example of a(n) Multiple Choice first-mover disadvantage. economy of scale. economy of scope. first mover advantage. threat of new entrants.
Answers
Answer:
threat of new entrant.
Explanation:
Chicken or egg problem in economics is referred to as attraction to buyers. This is strategy for market setup or entry in the new market which will increase the competition. Sellers try to drive attraction to its customers with new and unique features of the products.
goods worth Rs. 75,000 cash : Purchased : Purchased goods worth Rs. 1,00,000 from Shyam on credit. : Purchased furniture worth Rs. 25,000, paid through cheque :Sold goods worth Rs. 40,000 cash
Answers
In economics, goods are things that fulfill human needs and offer usefulness, such as to a customer buying a fulfilling product. It is usual practice to distinguish between transferable commodities and non-transferable services
Goods are any products, raw resources, or consumables that are sold to customers, businesses, or governmental organizations.
Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Automobiles, home products, and apparel are a few examples of goods.
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Question 2
Which is a capability of a presentation software program?
calculating mathematical data
o combining animation and sound
O copying and printing documents
O connecting several computers
Previous
Answers
A cable TV company redesigned jobs so that one employee interacts directly with customers, connects and disconnects their cable service, installs their special services and collects overdue accounts in an assigned area. They also decided to do away with scripted customer interaction manuals and allow each employee to determine how best to interact with each customer. Previously, each task was performed by a different person and the customer interacted only with someone at the head office. This change most likely increased each employee's _______________. Group of answer choices
Answers
Answer:
the answer is dependence (I think, could be wrong though.)
Explanation:
Which of the following currencies is not/are not a hard currency?* Euro O CHF RMB O CDS GBP Both b and c Both c and d
Answers
Which investment bank underwrote the most bonds in 2013 and 2014?
Answers
The investment bank that underwrote the most bonds in 2013 and 2014 is: J.P. Morgan.
What is investment bank?
Investment bank is a financial institution that render various types of investment services to their clients or customers. Investment tend to deals in buying and selling of shares to investors.
J.P. Morgan was an investment bank that offers various investment services to investors and was known as the investment bank that underwrote the most bonds in the year 2013 and year 2014.
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An investment earns 35% the first year, earns 40% the second year, and loses 37% the third year. The total compound return over the 3 years was ______. Multiple Choice 158.93% 19.07% 38.00% 6.36%
Answers
Answer:
19.07%
Explanation:
The computation of the total compound return over the 3 years is shown below:
= (1 + investment percentage earned in first year) × (1 + investment percentage earned in second year) × (1 + investment percentage loss in second year)
= (1 + 0.35) × (1 + 0.40) × (1 - 0.37)
= 1.35 × 1.40 × 0.63
= 1.1907
= 19.07%
Which statement describes why the people in a nation with a command
economy might resist a shift to a free market economy?
A. People who hold political power are threatened by fundamental changes.
B. Workers are reluctant to give up their participation in a classless society.
C. Workers are reluctant to accept complete government control of their economy.
D. Factory and business owners are reluctant to place their capital under worker
authority Xd
Answers
Answer:
People who hold political power are threatened by fundamental changes.
Explanation:
People who hold political power are threatened by fundamental changes is the statement describes why the people in a nation with a command economy might resist a shift to a free market economy. Thus, option (a) is correct.
What is economy?The mechanism through which a nation or region organizes its money, industry, and trade is concerned to as its “economy.” The economy is the important part of the country. The primary sector of the economy is the industrial sector and agriculture sector. The family (consumption) and company (product sales) are both parts of the economy.
According to the population is the important part of the economy. The individual citizen in the nation is a command economy might resist a shift to a free market economy. A people are the special rights to hold political power are imperiled by fundamental changes.
As a result, the significance of the economy are the aforementioned. Therefore, option (a) is correct.
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QUESTION TWO
a) A bakery bakes cakes under the brand name “super cakes.” Irene Juma, the manageress does not know the cost of each cake. She therefore gathers data on the total cost of each day’s production for the last 10 days. The results are shown in the table below:
Day Number of cakes (‘00’ units) Total cost (Sh. ‘000’)
1 22.5 23.0
2 21.0 21.6
3 27.5 23.3
4 21.5 24.0
5 30.0 28.2
6 20.0 22.4
7 24.0 23.1
8 26.5 25.3
9 18.3 20.1
10 17.0 16.5
Required:
i) Estimate the total cost function using the ordinary least squares method. State the fixed cost and unit cost. (11 marks)
ii) If each cake is sold at Sh. 10, determine the break even number of cakes. (3 marks)
b) Two different models are available for the same machine. The production statistics (number of units produced per hour) of these two models are given below. The data was collected on different days.
Model A: 180, 176, 184, 181, 190, 137,
Model B: 195, 194, 190, 192, 187, 185, 187,
Will you conclude that Model A and Model B have the same productivity (6Marks)
Answers
a) i) Using ordinary least squares, the estimated total cost function for the bakery's "super cakes" is Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units).
ii) The break-even number of cakes is approximately 21.42 cakes.
b) Model A has an average productivity of 171.33 units per hour, while Model B has an average productivity of 190.71 units per hour. We cannot conclude that they have the same productivity.
a) i) To estimate the total cost function using the ordinary least squares method, we can use the given data on the number of cakes and total cost for the last 10 days. Let's denote the number of cakes as X and the total cost as Y.
Using a linear regression model, we can find the equation of the line that best fits the data. The general form of the linear equation is Y = a + bX, where a represents the fixed cost and b represents the unit cost.
We can calculate the values of a and b using the ordinary least squares method. This involves minimizing the sum of the squared differences between the observed total cost and the predicted total cost based on the equation.
After performing the calculations, we obtain the following results:
a = 4.07 (fixed cost)
b = 0.81 (unit cost)
Therefore, the estimated total cost function for the bakery's production of "super cakes" is:
Total Cost (Sh. '000') = 4.07 + 0.81 * Number of cakes ('00' units)
ii) To determine the break-even number of cakes, we need to find the number of cakes at which the total cost equals the total revenue. Since each cake is sold at Sh. 10, the revenue function can be expressed as Revenue = 10 * Number of cakes ('00' units).
Setting the total cost function equal to the revenue function, we have:
4.07 + 0.81 * Number of cakes = 10 * Number of cakes
Simplifying the equation, we find:
0.19 * Number of cakes = 4.07
Dividing both sides by 0.19, we get:
Number of cakes = 21.42
Therefore, the break-even number of cakes for the bakery is approximately 21.42 cakes.
b) To conclude whether Model A and Model B have the same productivity, we can analyze the production statistics provided for both models. Based on the data, we can calculate the mean (average) number of units produced per hour for each model.
Model A: (180 + 176 + 184 + 181 + 190 + 137) / 6 = 171.33
Model B: (195 + 194 + 190 + 192 + 187 + 185 + 187) / 7 = 190.71
From the calculated means, we can see that Model A has a lower average productivity (171.33 units per hour) compared to Model B (190.71 units per hour). Therefore, based on the given data, we cannot conclude that Model A and Model B have the same productivity.
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Question 26
You purchase 50 shares of stock for $50 each. You receive dividends each year for
years of $2 per share. After 5 years, you sell the stock for $52.50 per share. What is
your return on investment in dollars?
Answers
Your return on investment in dollars, based on the amount of dividends received, and the selling price per share, is $625
How to find the return on investment?Your return on investment in dollar terms can be found by the formula:
= Dividends received + Capital gains
The Dividends received per year from each share was:
= Number of shares x Dividends per share per year
= 50 shares x 2 per share
= $100
The Dividends received in five years of holding the shares are:
= Number of years x Dividends received in total per year
= 5 x 100
= $500
The capital gains per share are:
= Selling price per share - Buying price per share
= 52.50 - 50
= $2.50
The capital gains on all the shares is:
= Capital gain per share x Number of shares
= 2.50 x 50
= $125
The total return on investment in dollars is:
= 500 + 125
= $625
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Piedmont Company segments its business into two regions - North and South.
The company prepared the contribution format segmented income statement shown below:
Total Company North South
Sales $800,000 $600,000 $200,000
Variable expenses 560,000 480,000 80,000
Contribution margin 240,000 120,000 120,000
Traceable fixed expenses 122,000 61,000 61,000
Segment margin $118,000 $59,000 $59,000
Common fixed expenses 52,000
Net operating income $66,000
Required:
1. Compute the company-wide break-even point in dollar sales.
2. Compute the break-even point in dollar sales for the North region.
3. Compute the break-even point in dollar sales for the South region.
Answers
Answer:
1. Company-wide break-even point in dollar sales:
Break even point in dollar sales = (Traceable fixed expenses + Common fixed expenses) / Contribution margin %
Contribution margin % = Contribution margin / Sales revenue * 100%
= 240,000 / 800,000 * 100%
= 30%
Break even point in dollar sales :
= (122,000 + 52,000) / 30%
= $580,000
2. Break-even point in dollar sales for the North region.
Break even point in dollar sales = Traceable fixed costs / Contribution margin %
Contribution margin % = Contribution margin / Sales revenue * 100%
= 120,000 / 600,000 * 100%
= 20%
Break even point in dollar sales :
= 61,000 / 20%
= $305,000
3. Break-even point in dollar sales for the South region.
Break even point in dollar sales = Traceable fixed costs / Contribution margin %
Contribution margin % = Contribution margin / Sales revenue * 100%
= 120,000 / 200,000 * 100%
= 60%
Break even point in dollar sales :
= 61,000 / 60%
= $101,666.67
In a paragraph of 250 words or less, please discuss areas of outstanding achievements. Give examples such as scholarships, leadership roles, major projects, work experience, etc. Outstanding achievements will be reviewed by all selected major choices to which you apply.
Answers
Explanation:
Writing a scientific article at the university can be a remarkable and relevant achievement as this article seeks to find solutions to problems faced by today's society. An example is a scientific project in the area of environmental management that seeks to develop explanations and solutions applicable to companies for the implementation of environmental programs and certifications, it is a project that will contribute to the reduction of impacts to the environment and to the valorization of local communities and producers. .
However, it is necessary that the environmental management project presents solutions that benefit both the organization and the environment in fact, as organizations as profitable entities will implement some social and environmental benefit program if it is legally necessary or bring strategic and competitive benefits.
You are a loan officer at a bank. An applicant comes to you for a $5,000 loan. Explain why you would want to know that person's credit history.
Answers
I would want to know the applicant's credit history so as to be able to determine the likelihood of the applicant paying back the loan. An applicant that has a history of defaulting on loans or has maxed out credit cards is unlikely to pay back a loan.
For example, consider two applicants, Mr A and Miss B, who come to apply for a loan. Mr A. has a three maxed out cards, he has defaulted on a loan payment at another bank and he is currently unemployed. On the other hand, Miss B is a student with no history of debt. She came to apply for a loan so as to be able to pay for her college tuition.
Miss B has a better credit history when compared with Mr A. She is less likely to default on payment and hence she is a better candidate for the loan. If the loan officer does not check for this information, he would not be privy to the information and so he is in danger of giving the loan to the less suitable person.
Credit history is a report that provides information on the repayment of debt of an individual. It provides information about amount owed and how soon repayments were made. Credit history is usually contained in a credit report
Contents of a credit report
Number of credit accounts Types of credit account Information on bankruptciesAmount owedTo learn more about credit history, please check: https://brainly.com/question/9718559?referrer=searchResults
With regard to the composition of corporate boards in the United States,
corporate boards average approximately 12 members.
O about half of the directors are "outside" directors.
O five percent have at least one woman on the board.
twenty-five percent of all companies have at least one minority board member.
Answers
With regard to the composition of corporate boards in the United States, option B. About half of the directors are "outside" directors.
Corporate boards in the United States typically consist of a group of individuals responsible for overseeing the management and decision-making of a company. The composition of these boards can vary, but there are some common trends and practices.
Option A states that corporate boards average approximately 12 members. While this may be true for some companies, board sizes can vary significantly depending on the size and nature of the organization. Smaller companies may have fewer board members, while larger corporations may have larger boards to accommodate the complexities of their operations.
Option C suggests that five percent of corporate boards have at least one woman on the board. However, the representation of women on corporate boards has been a topic of discussion and a focus of efforts to improve diversity. Recent studies and reports indicate that progress has been made, and the percentage of women on boards has been increasing over time. However, the exact percentage varies among companies and industries.
Option D states that twenty-five percent of all companies have at least one minority board member. Like gender diversity, the representation of minorities on corporate boards has been a topic of concern and initiatives promoting inclusion. The percentage of companies with minority board members may vary, and efforts are being made to improve diversity in this regard as well.
Overall, it is important to recognize that the composition of corporate boards in the United States is evolving, and there is increasing recognition of the importance of diversity, including gender and minority representation. While specific percentages may vary, there is a growing emphasis on promoting diversity and inclusion in corporate governance practices. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
With regard to the composition of corporate boards in the United States,
A. corporate boards average approximately 12 members.
B. about half of the directors are "outside" directors.
C. five percent have at least one woman on the board.
D. twenty-five percent of all companies have at least one minority board member.
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What should you do when you open a checking account?
A) Open a savings account and link it to your checking account.
B)Try to sign up for true overdraft protection, even though you have to pay
for it.C. Both A and B.
Answers
Answer: both a and b
Explanation: