The owners of a corporation are the . The primary goal of the corporate management team is to the shareholders’ wealth by the over the long run. Krit Corp. is a US manufacturing company based in the Midwest. As an investor, Wilson bought 200 shares of stock in Krit Corp. The stock price of Krit Corp. is currently trading at $37.50 per share. Wilson’s total wealth in Krit Corp. is:

Answers

Answer 1

Answer:

Total wealth = $7,500

Explanation:

The primary goal of financial management is to increase and maximize the wealth of the shareholders of the corporation.

This wealth is measured and represented by the share price, which is the measured of how much the company is worth at any time.

The higher the share price , hence the higher the value of the company and the higher the wealth of the shareholder.

Wilson's total wealth will be equal to  the share price multiplied by the number of units

Total wealth = $37.50 per share × 200

                     = $7,500

Total wealth = $7,500


Related Questions

Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
2022 2021
Cash $13,200 $10,800
Accounts receivable 22,200 20,200
Inventory 31,600 30,700
Other current assets 12,200 11,909
Total current assets $79,200 $73,609
Total current liabilities $247,500 $311,100
Compute the current ratio for each year.

Answers

Answer:

this answer might be rong

Explanation:

it just might be rong


Who usually conducts a SWOT Analysis for a business?
Team members
Managers
Lawyers
Financial institutions

Answers

Managers usually conduct a SWOT Analysis for a business. A SWOT analysis is a tool for documenting internal strengths (S) and weaknesses (W) in your business, as well as external opportunities (O) and threats (T).

SWOT analysis (or SWOT matrix) is a strategic making plans and strategic management technique used to assist a person or enterprise perceive Strengths, Weaknesses, opportunities, and Threats associated with business opposition or challenge making plans. It's far on occasion called situational evaluation or situational analysis.[1] additional acronyms the usage of the same components consist of TOWS and WOTS-UP. This method is designed to be used within the preliminary ranges of selection-making approaches and may be used as a device for evaluation of the strategic position of agencies of many types (for-earnings establishments, neighborhood and country-wide governments, NGOs, etc.).[4] it is intended to pick out the inner and external factors which are favorable and damaging to reaching the objectives of the task or undertaking.

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If the Federal Open Market Committee decides to increase the money supply, then the Federal Reserve:

a. sells government bonds from its portfolio to the public.

b. sells various types of stocks and bonds from its portfolio to the public.

c. creates dollars and uses them to purchase government bonds from the public.

d. creates dollars and uses them to purchase various types of stocks and bonds from the public.

Answers

If the Federal Open Market Committee decides to increase creates dollars and uses them to purchase government bonds from the public. (option C)

How can money supply be increased?

The various steps taken by the Federal Open Market Committee to affect money supply is known as monetary policy. Monetary policy can either be expansionary or contractionary.

Expansionary monetary policy when the money supply is increased. Money supply can either be increased by carrying out an open market purchase or reducing interest rate.

An open market purchase is when the Federal Open Market Committee purchases government bonds from the public.

Contractionary monetary policy are policies taken to reduce the money supply. Money supply can be decreased by carrying out an open market sales or increasing interest rate.

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You have closed an account due to fraudulent activity. What else should you do to BEST protect yourself?
Correct Answer
Change all of your passwords and PINs.
Do not put anything about the closing of the account in writing.
You Answered
Put a permanent credit freeze on your credit report.
Ask for a letter from TransUnion verifying that the account was closed.

CORRECT: change all of your passwords and PINs

Answers

The best course of action to protect yourself after closing an account due to fraudulent activity is to change all of your passwords and PINs associated with your accounts.

The correct action to best protect yourself after closing an account due to fraudulent activity is to change all of your passwords and PINs. This is crucial because the fraudulent activity may have compromised your account credentials, and changing your passwords and PINs helps prevent unauthorized access to your other accounts and personal information.

Putting a permanent credit freeze on your credit report can be a wise step to take, but it is not directly related to protecting yourself after closing an account due to fraudulent activity. A credit freeze restricts access to your credit report and helps prevent new accounts from being opened in your name without your consent. While it is a useful precaution against identity theft, it is not specific to the situation of closing an account.

Asking for a letter from TransUnion verifying the closure of the account may not be necessary, as the account closure itself should already be confirmed by the institution that closed the account. Additionally, requesting such a letter may not provide additional protection against potential fraudulent activity.

To summarize, the best course of action to protect yourself after closing an account due to fraudulent activity is to change all of your passwords and PINs associated with your accounts. This helps ensure that your other accounts remain secure and reduces the risk of further unauthorized access or fraudulent activity.

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Goal intensity and persistence may not be maximized if

a. goals are specific.

b. supervisors give too much feedback.
Incorrect

c. rewards are used.

d. goals are too easy.

e. supervisors are involved too heavily.

Answers

Goal intensity and persistence may not be maximized if supervisors give too much feedback.

What is goal intensity?

A goal's position in a person's goal hierarchy as well as the factors that determine and have an impact on goal commitment on performance are all covered under the concept of goal intensity. Goal intensity and content are sometimes connected. When a lot of information needs to be examined and integrated before a goal can be clearly articulated, it may take a more intense psychological process to develop a clear, precise aim rather than a vague one. So, in this situation, setting a specific performance target would be more intensive than choosing a general one.

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Please answer thank you !!!

Please answer thank you !!!

Answers

Answer:

I think its the 3 one

A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit.
What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $

Answers

A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit. What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $

The break-even point is the point in sales volume where total costs and total revenues are equalized. The break-even point can be expressed in sales volume or in sales dollars. The break-even point can be calculated for individual product lines or for the entire business. It is an important concept in cost accounting and helps company management understand at what point the business will go from losing money to profitability.

Break-even point = fixed cost / (unit selling price - variable cost per unit) = $9,000 / ($200 - $50) = 60 units

When the demand is 200 units, profit = revenue - total cost = revenue - (fixed cost + total variable cost) = $200 ×200 - ($9,000 + $50 ×200) = $21,000

When total cost and total revenue are equal, a small business is said to have reached its break-even point and is in a neutral position. In other words, you've arrived at the point in your manufacturing cycle where the revenue from a product is equal to its production expenses. This figure should be included in your business plan for each new venture. In addition to learning the expected return on their investments, potential investors in a business often want to know when they may expect to see those returns. This is because it might take some businesses years to start making a profit, losing money frequently in the initial months or years before breaking even. This is why any business plan should include a section on break-even point.

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Which forecasting technique involves analysts using the aggregate opinion of expert panelists, along with justified reasoning, to estimate future sales scenarios?
The ________ involves analysts using the aggregate opinion of expert panelists.

Answers

Answer:

case

Explanation:

hope this helps

You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates

You are an economics professor teaching large sections of Principles courses this semester. Within the

Answers

The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.

A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.

This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.

This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.

Therefore, the correct answer is option-b.

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5.24 The United States Golf Association requires that the weight of a golf ball must not exceed 1.62 oz.The association periodically checks golf balls sold in the United States by sampling specific brands stocked by pro shops....

5.24 The United States Golf Association requires that the weight of a golf ball must not exceed 1.62

Answers

The probability that none of the randomly selected golf balls exceed 1.62 oz in weight will be 0.7857.

How to calculate probability?

It should be noted that probability simply means the likelihood of the occurence of an event.

From the table given, the probability that none of the randomly selected golf balls exceed 1.62 oz in weight will be 0.7857.

The probability that at least one of the randomly selected golf balls exceed 1.62oz will be:

= 1 - 0.7857

= 0.2143

The probability of x is being greater than or equal to 3 will be 0.9999.

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stock price for vinyl record player?

Answers

To give you an idea the stock price, beginner to advanced record player installations can range from $50 to $450, depending on a number of variables.

What is current stock price?It is the latest trading price for a share of stock or any other security. The present price serves as the starting point in an open market. It shows the price that a buyer and seller would be prepared to accept for a later transaction involving that security.The current price is only an indication and not a promise. The future sale price on an exchange is not determined by the present price. The security's price will fluctuate over time as supply and demand factors change.Using the current value accounting method, assets are valued at their replacement cost rather than their initial cost.Cash price is the same as current price because it refers to the most recent quoted price on an exchange.

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How and Why Can Complexity Theory be Applied by Managers to Implement Strategic Change?

Answers

Answer: C

Explanation:

Woolies environmental impact in relation to the triple bottom line

Answers

The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.

What is the triple bottom line?

This is the term that is used to refer to a sustainable network or frame work that a business may have to adopt. What this means is that they would have to adopt the practice of measuring the success of the business through the eyes of the following elements.

peopleplanetprofit

Hence The environmental impact as regard is the Triple bottom is that Woolies has reduced the ways that it sends wastes to landfills and has also embraced the method of recycling.

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George believes he could be a savvy investor, he wants to invest in stocks but he is confused on what stocks to choose and which is better. George decided to ask you for your opinion on which is better? Common or preferred stocks. Why?

Answers

An ownership share in a firm is provided to investors by common stock. Many corporations only produce common stock, and common stock trades on stock markets much more frequently than preferred stock. Compared to regular stock, preferred stock frequently functions more like a bond. Dividend yields on preferred stock are frequently substantially greater than dividend yields on ordinary stock and thus are fixed at a specific rate, whereas dividends for common stock are subject to adjustment or even elimination. The price at which a business will finally redeem preferred shares is also fixed.

What are Common stock and Preferred Stock?

Common stock is a type of investment that represents ownership in an organization. Common stock owners choose the board members and cast ballots for corporate rules. Common stock is a type of financial instrument that represents ownership in a company.

A type of stock called preferred stock combines the features of bonds and equities. Like bonds, preferred stock pay dividends in cash and frequently offers better yields than bonds while being less risky than common stock.

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The primary purpose of accounting is to
A. report financial information
B. generate company profits
C. keep financial records
D. stop fraud and neglect

Answers

C. To keep financial records.

Answer:

C. keep financial records

The units of an item available for sale during the year were as follows: Jan. 1 Inventory 9 units at $47 $423 Aug. 13 Purchase 19 units at $50 950 Nov. 30 Purchase 13 units at $51 663 Available for sale 41 units $2,036 There are 16 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using (a) the first-in, first-out (FIFO) method; (b) the last-in, first-out (LIFO) method; and (c) the weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $ b. Last-in, first-out (LIFO) $ c. Weighted average cost

Answers

Answer:

a. First-in, first-out (FIFO) $813

b. Last-in, first-out (LIFO) $773

c. Weighted average cost $795

Explanation:

Date          transaction         units        unit cost           total cost

Jan. 1           Inventory         9 units       at $47              $423

Aug. 13        Purchase        19 units      at $50              $950

Nov. 30       Purchase        13 units       at $51              $663

Available for sale 41 units $2,036

Ending inventory 16 units

a. First-in, first-out (FIFO) $

ending inventory = (13 x $51) + (3 x $50) = $813

COGS and ending inventory are calculated based on the oldest units purchased

b. Last-in, first-out (LIFO) $

ending inventory = (9 x $47) + (7 x $50) = $773

COGS and ending inventory are calculated based on the last units purchased

c. Weighted average cost

ending inventory = ($2,036 / 41) x 16 = $795

COGS and ending inventory are calculated using an average


Which of the following inputs is NOT involved in entrepreneurship?
OA. External locus of control
OB. Opportunity
OC. Proactivity
OD. Risk

Answers

Answer: OA - External Locus of Control

Explanation:

In entrepreneurship, external locus of control is not involved.

When we talk about entrepreneurship, the foremost thing that comes into consideration is the owner of the business. Hence, the individual proactivity is very important in entrepreneurship. Individual proactivity drives the business and is a major contributor in success.

Opportunity and Risks are two very important factors to be analyzed. Before starting any business, it is crucial to judge the current and future opportunities in the market. Opportunity is also an element of SWOT analysis, which cannot be ignored.

Risk calculation is a mandate before any business initiates. Researching the market scenario, available resources and risk-benefit calculation is always required. Taking any decision in business without analysis of risk factors and elimination of those factors may lead to a complete failure.

The inputs of individual proactivity, opportunity and risk analysis leads to the determination of external locus of control. Hence, external locus of control is an outcome of the three inputs.

The view that the United States is headed for the greatest political and constitutional crisis since the Civil War" is not alarmist

Answers

The view that the United States is headed for the greatest political and constitutional crisis since the Civil War" is not alarmist. The statement is false.

What is a constitutional crisis?

A political constitutional is seen to be unable to properly address an issue or disagreement in an administration's operation, which results in the collapse of the government is considered a constitutional crisis.

The statement is that Currently, the United States is on the approach of another civil war, but it cannot afford to acknowledge it. America resides on the precipice of democracy and totalitarianism.

The North experienced numerous hurdles in reconstructing its cities, but the South rebuilt its cities quickly post-civil war leading to structural and urgent political problems and long-standing crises.

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If a borrower can afford to make monthly principal and interest payments of 1000 and the lender will make a 30 year loan at 5 1/2%, or a 20 year loan at 4 1/2% what is the largest loan this buyer can afford

Answers

Answer:

The the largest loan this buyer can afford is 14,533.75.

Explanation:

This can be determined using the formula for calculating the present value of an ordinary annuity as follows:

Step 1: Calculations of the present value or the loan the buyer can afford for a 30 year loan at 5 1/2%

PV30 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV30 = Present value or the loan the buyer can afford for a 30 year loan at 5 1/2% =?

P = monthly payment = 1000

r = interest rate = 5 1/2% = 5.50% = 0.055

n = number of years = 30

Substitute the values into equation (1) to have:

PV30 = 1000 * ((1 - (1 / (1 + 0.055))^30) / 0.055)

PV30 = 1000 * 14.5337451711221

PV30 = 14,533.75

Step 2: Calculation of the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%

PV20 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

PV30 = Present value or the loan the buyer can afford for a 20 year loan at 4 1/2% =?

P = monthly payment = 1000

r = interest rate = 4 1/2% = 4.50% = 0.045

n = number of years = 20

Substitute the values into equation (1) to have:

PV20 = 1000 * ((1 - (1 / (1 + 0.045))^20) / 0.045)

PV20 = 1000 * 13.0079364514537

PV20 = 13,007.94

Conclusion

Since 14,533.75 which is the present value or the loan the buyer can afford for a 30 year loan at 5 1/2% is greater than the 13,007.94 which is the present value or the loan the buyer can afford for a 20 year loan at 4 1/2%, it therefore implies that the the largest loan this buyer can afford is 14,533.75.

Companies go through different phases to reach product/market fit. These phases are the:

A) idea stage, the prototype stage, the launch stage, the traction stage, and the growth stage

B) idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage

C) the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage

D) idea stage, the traction stage, the monetization stage, and the growth stage

Answers

Companies go through different phases to reach product/market fit. These phases are the: idea stage, the prototype stage, the launch stage, the traction stage, the monetization stage, and the growth stage

Option B

How well does the product meet the market?

In its most basic form, a product's "market fit" refers to the extent to which it fits the demands of a significant target audience. It has been known for a long time that this is the first phase in the process of developing a successful business in which the firm meets early adopters, receives feedback, and determines interest in its product.

In other words, the product-market fit also describes a scenario in which a firm's target customers are buying, using, and telling others about the company's product in numbers large enough to sustain that product's growth and profitability. This can be achieved when the product is tailored to meet the needs of the target customers.

In a nutshell, product-market fit is defined by Marc Andreesen, the man who is credited with creating this idea, as the process of locating a suitable market together with a product that is able to fulfill the requirements of that market.

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An economy where trade is encouraged and not monitored by the government is called a

a
command economy

b
free enterprise economy

c
global export economy

d
mixed enterprise economy

This is career research and decision making ITS NOT BUSINESS

Answers

Based on the principle of trade, correct answer is b. free enterprise economy

Free enterprise economy

The free enterprise economy is an economic system that is based on demand and supply with no government influence or control.

In conclusion,we can conclude that free enterprise economy is the correct answer

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Answer:

B.

Explanation:

Suppose that the demand and supply for good X are
=60−2 +0.01+7 !"#
=−600+10 $"
Where = quantity demand; = quantity supply; =Price of X; = Average !$"
consumer income; and = Price of a related good R #
(i) Is good X normal or inferior? Explain.
(ii) Are goods X and R substitutes or complements? Explain.
(iii) Suppose that = 40,000 and = 20, what are the equilibrium price and
quantity?
(iv) What happens to equilibrium price and quantity if supply shift to:
=−360+10

Answers

(i) Good X is an normal good as it is directly proportional to average consumer income. When consumer income increases, demand for good X also increases.

What is consumer income ?

Consumer income is the money that a person or household earns from wages, salaries, investments, pensions, and other sources. It is the money that is available to be spent on goods and services, such as food, housing, clothing, entertainment, and other necessities. Consumer income is closely linked to GDP, as it is one of the major drivers of economic activity. As consumer income increases, people are more likely to spend money, which stimulates the economy.

(ii) Goods X and R are substitutes since a rise in the price of one will lead to a rise in the demand for the other. A change in the price of one good will affect the demand for the other.

(iii) If = 40,000 and = 20, then the equilibrium price and quantity of Good X can be determined by solving the equation:

60−2 +0.01*40000+7*20 = −600+10*20

This gives the equilibrium price of X to be $58 and the equilibrium quantity to be 800.

(iv) If the supply shifts to =−360+10, then the equilibrium price and quantity of Good X can be determined by solving the equation:

60−2 +0.01*40000+7*20 = −360+10*20

This gives the equilibrium price of X to be $48 and the equilibrium quantity to be 600. As the supply has shifted, the equilibrium price of Good X has decreased from $58 to $48 and the equilibrium quantity has decreased from 800 to 600.

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Individuals differ in their willingness to pay for air travel, and airlines would like to charge different prices to different individuals based on their willingness to pay. Airlines typically attempt to divide passengers into two types: leisure travelers and business travelers. Suppose that an airline is charging $400 per ticket for all passengers on flights between New York and Washington D.C. The accompanying tables provide information on quantity demanded for air travel for leisure travelers and business travelers.

Price
(per ticket) Quantity‑leisure travelers
(tickets per flight)
$400 100
$500 50


Price
(per ticket) Quantity‑business travelers
(tickets per flight)
$400 100
$500 90

a. What is the absolute value of price elasticity for leisure travelers if the airline increases the price to $500? Round your answer to the nearest whole number.

b.What is the change in total revenue for leisure travelers when the price increases to $500?

c. What is the absolute value of price elasticity for business travelers if the airline increases the price to $500? Round your answer to the hundredths place.

d. What is the change in total revenue for business travelers when the price increases to $500?

e. To maximize total revenue, the airline should charge
$400 to leisure travelers and $500 to business travelers.
$500 to both groups.
$400 to both groups.
$500 to leisure travelers and $400 to business travelers.

Answers

The price elasticity  for leisure travelers, change in total revenue for leisure travelers, price elasticity for business travelers, change in total revenue for business travelers, and the price to be charged for the maximization of the total revenue are, 2, $5000, 0.4, $9000, and $400 to the leisure travelers and $500 to the business travelers respectively.

a. To find the price elasticity for leisure travelers the formula is,

percentage change in the the quantity demanded/percentage change in the price, according to this formula \(0.5/0.25=2\).

b. To calculate change in the total revenue, the formula is (new price\(-\)old price)* quantity demanded, According to this formula (\($500-400\))\(*50=5000\).

c. To find the price elasticity for business travelers same formula will be used, the price elasticity is \(0.1/0.25=0.4\)

d. The change in total revenue when price for business traveler reaches to $500, (new price\(-\)initial price)\(*\)quantity demanded at new price, \((500-400)*90=9000\)

e. To maximize the revenue from leisure travelers the airline should charge a lesser price that is $400, where as to maximize the profit from the business travelers the airline should charge a higher price that is $500.

Hence, The price elasticity  for leisure travelers, change in total revenue for leisure travelers, price elasticity for business travelers, change in total revenue for business travelers, and the price to be charged for the maximization of the total revenue are, 2, $5000, 0.4, $9000, and $400 to the leisure travelers and $500 to the business travelers respectively.

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the discount rate refers to which tool of monetary policy?
A. The ability to buy and sell treasury securities on an open market.
B. The ability to require banks to hold a certain amount of money in reserve.
C. The ability to adjust interest rates for investors who purchase stocks.
D. The ability to change the cost banks have to pay to borrow money.​

Answers

Answer:

D. The ability to change the cost banks have to pay to borrow money.​

Explanation:

Reserve( FED) sets the discount rate and applies it on loans to commercial banks and other institutions. Commercial banks use the discount rate as the basis for determining the interest rate to charge customers for loans issued.

The discount rate is among the monetary policy tools available for use by the FED. An increase in the discount rate leads to a rise in commercial banks' loan interest rates, thereby discouraging borrowing. Reduced borrowing reduces the money supply in the economy.

Based on GAAP, companies must use the same accounting from one period to the next.
a:principles
b:personnel
c:tools
d:firms​

Answers

Answer:

principles

Explanation:

Solutions for lack of accurate and timely information?
Solutions for information overload?

Answers

Information overload is a rising issue for organisations all over the world, and improving employee experience is a top concern for the majority of them. The problem is that, despite the fact that information overload is a well-known issue, it appears that most firms have yet to find effective methods to address it, which is rather concerning.

Information overload in the workplace refers to the large volume of irrelevant information that circulates among employees. In today's job, it is difficult to prevent information overload. Most businesses, from start-ups to huge corporations, are experiencing information overload.

It is also critical to deliver correct and timely information. People and organizations will make poor judgements in the absence of accurate, reliable, and timely information.

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I F Passed Company (IFPC) purchased a new van on January 1, 2019. The van cost $40,000 with an estimated life of 5 years and $10,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance in the accumulated depreciation for 2020

Answers

Answer:

Accumulated depreciation= $19,200

Explanation:

Giving the following information:

The van cost $40,000 with an estimated life of 5 years and $10,000 salvage value at the end of its useful life.

To calculate the depreciation expense for each year, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2019:

Annual depreciation= 2*[(40,000 - 10,000)/5]= 12,000

2020:

Annual depreciation= 2*[(30,000 - 12,000)/5]= 7,200

Accumulated depreciation= 12,000 + 7,200= $19,200

Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cycle uses 20 board feet. Labor cost is identified to the process as a whole, as is overhead cost. Data for the month of July follow:

Chairs Tables
Direct material cost per board foot $3.60 $4.20
Number of parts formed per production cycle (20 board feet) 10 8
Actual operating hours in July 120 380
Parts produced during July 4,000 9,000
Budgeted annual conversion cost:
Labor $150,000
Utilities 125,000
Depreciation 65,000
Other overhead 50,000
Total $390,000

Budgeted annual operating hours for steam-bending 5,200

Required:
a. Compute July's predetermined rate for the steam-bending process.
b. Compute July's direct material costs for chairs and tables.
c. Compute conversion costs to be applied to chairs and tables in July. In your calculations, round the per unit amount to two decimal places and use in subsequent computations.
d. Journalize the following entries:

1. Assignment of direct materials to chairs and tables.
2. Application of conversion costs to chairs and tables.
3. The transfer of completed chairs and tables to the Finishing Department. All of July's production was completed in July

Answers

Answer:

A. $75

B. Direct material costs for Chairs = $28,800

Direct material costs for Tables= $94,500

C. Conversion costs for Chairs = $9,000

Conversion costs for Tables = $28,530

D1. Dr Work in process-chairs 28,800

Dr Work in process-tables 94,500

Cr Materials 123,300

D2. Dr Work in process-chairs 9,000

Dr Work in process-tables 28,530

Cr Conversion costs applied 37,530

D3. Dr Finished Goods-Chairs 37,800

Cr Finished Goods- Tables 123,030

Dr Work in process 37,800

Cr Work in process 123,030

Explanation:

a. Computation of July's predetermined rate

Steam-bending process predetermined rate=

390,000 / 5,200

Steam-bending process predetermined rate= $75

b. Computation for July's direct material costs for both chairs and tables.

Direct material costs for Chairs= 3.60 x 20 / 10 Direct material costs for Chairs= 7.20

Direct material costs for Chairs=7.20x 4,000

Direct material costs for Chairs = $28,800

Direct material costs for Tables=4.20 x 20 / 8

Direct material costs for Tables= 10.50

Direct material costs for Tables=10.50 x 9,000 Direct material costs for Tables= $94,500

c. Computation for conversion costs to be applied to chairs and tables in July

Conversion costs for Chairs: 75 x 120 / 4,000

Conversion costs for Chairs = 2.25

Conversion costs for Chairs=2.25 x 4,000

Conversion costs for Chairs = $9,000

Conversion costs for Tables= 75 x 380/9,000

Conversion costs for Tables =3.17

Conversion costs for Tables=3.17x 9,000

Conversion costs for Tables = $28,530

D1. Preparation of Journal entry for the Assignment of direct materials to chairs and tables.

Dr Work in process-chairs 28,800

Dr Work in process-tables 94,500

Cr Materials 123,300

(94,500+28,800)

D2. Preparation of Journal entry for the Application of conversion costs to chairs and tables.

Dr Work in process-chairs 9,000

Dr Work in process-tables 28,530

Cr Conversion costs applied 37,530

(28,530+9,000)

D3. Preparation of the Journal entry for the Th transfer of completed chairs and tables to the Finishing Department

Dr Finished Goods-Chairs 37,800

(28,800+9,000)

Cr Finished Goods- Tables 123,030

(94,500+28,530=123,030)

Dr Work in process 37,800

(28,800+9,000)

Cr Work in process 123,030

(94,500+28,530=123,030)

Write the quadratic equation in standard form that corresponds to the graph shown below.

Write the quadratic equation in standard form that corresponds to the graph shown below.

Answers

The quadratic equation of the graph in standard form is y = x² + 2x - 8

What is a quadratic equation in standard form?

A quadratic equation in standard form is given by y = ax² + bx + c

Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at

(-4, 0) and(2, 0)

The x - intercepts are the roots of the quadratic equation.

So, we have that

x = -4 andx = 2

So,

x + 4 = 0 andx - 2 = 0

So, the factors of the quadratic equation are

x + 4  andx - 2

So, multiplying the factors, we have that the equation is

y = (x + 4)(x - 2)

= x² - 2x + 4x + 4 × (-2)

= x² - 2x + 4x - 8

= x² + 2x - 8

So, the quadratic equation is y = x² + 2x - 8

Learn more about quadratic equation in standard form here:

https://brainly.com/question/30537252

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Please answer number 3 will mark BRAINLIST

Please answer number 3 will mark BRAINLIST

Answers

Answer:b or d probably b

Explanation:

Reasoning

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