Answer:
Exercise 12.7 Cash dividends, stock dividends, and share splits L.O. 4
Assuming that the direct materials used are $1520000, compute the total manufacturing costs using the following information. Raw materials inventory, January 1$ 20000 Raw materials inventory, December 3140000 Work in process, January 118000 Work in process, December 3112000 Finished goods, January 140000 Finished goods, December 3132000 Raw materials purchases1540000 Direct labor760000 Factory utilities150000 Indirect labor50000 Factory depreciation400000 Operating expenses420000
Answer: $2,880,000
Explanation:
= Direct costs + Indirect costs
= Direct labor + Direct materials + Indirect labor + factory utilities + factory depreciation
= 760,000 + 1,520,000 + 50,000 + 150,000 + 400,000
= $2,880,000
Under absorption costing, fixed manufacturing overhead costs are a ________ cost.
a. carried in a liability account.
b. carried in an asset account.
c. ignored.
d. immediately expensed as a period cost.
Answer:
b. carried in an asset account.
Explanation:
Under the variable costing method, manufacturing overheads are expensed in the period they are incurred, hence, the last option is wrong.
Also,there is no costing method wherein manufacturing overheads expenses are ignored, as a result, option c is also obviously incorrect.
The treatment of manufacturing overheads using absoprtion costing is they are added to the cost of products which are also shown in the balance sheet as an asset .
Last year Ellen received $75,000 in compensation from her employer who also agreed to pay her Social Security taxes of $4,650 and Medicare taxes of $1,088 without deducting them from her wages. Based solely on these facts, what amount must Ellen include in her income
Answer:
Ellen's AGI = $80,738
Explanation:
Since Ellen's employer paid for her share of FICA taxes, we could consider them as taxable fringe benefits. As such, they must be included in Ellen's AGI for the current in order to determine her total taxable income = salary + social security taxes + medicare taxes = $75,000 + $4,650 + $1,088 = $80,738
The amount Ellen must include in her income is $80,738.
Data and Calculations:
Annual employment compensation = $75,000
Social security taxes paid by employer = $4,650
Medicare taxes paid by employer = $1,088
Thus, the amount Ellen must include in her income is $80,738 ($75,000 + $4,650 + $1,088).
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Distinguish between formal and informal methods of researching data for a business message.
Answer:
The differentiation between some of the instances is characterized below.
Explanation:
The formal method addresses the development relating to particular components that could be quantified as well as reviewed besides consistency or accuracy, while the informal one describes stats information on either the psychologist's gut instinct. Formal research has already been used much less throughout the past, while informal research has been widely used throughout the old days.Picture yourself as a member of the administration team of a 253-bed healthcare facility. The community where the facility is located has a large corporation moving to town that is going to bring in 7,500 new jobs. Building has started to accommodate the higher population in the community. The administration team has decided to expand the healthcare facility by 150 beds, including expansion of the emergency department and two new intensive care units in preparation for the increased population in the community. The healthcare organization needs to obtain funding for the expansion. What type of financing would you be looking for (equity or debt) and why?
Answer: Debt Financing
Explanation:
Reasons to get Debt financing in this scenario:
It will be easier to obtain than equity as this is a healthcare facility and operations are about to pick up. The increased population and standard of living from the new jobs will ensure that the centre can afford interest repayment. Debt financing ensures that the ownership of the facility will not become diluted or taken over by entities that may not have best interests at heart.describe the features of an oligopolistic market?
Answer:
see below
Explanation:
An Oligopoly market structure is one that has few firms dominating an industry with many buyers. The few firms may be selling an identity or differentiated product.
The features of an oligopoly market include
1. Heavy Advertising
Each of the firms will advertise to win customers. Because the firms offer similar or differentiated products, there is heavy advertising to try to get a bigger market share.
2. Interdependence
There are few firms competing for many buyers. What one of the firms does elicits reactions from the others. If one of the firms reduces its prices, there are higher chances that the others will also follow suit. To avoid unhealthy competition, these firms engage in collaborations.
3. Barriers to Entry
It requires heavy capital expenditure to participate in an oligopoly market. The amount of capital required acts as a barrier to entry. The domination by a few firms and intense advertisement scares away new entrants.
4. Price-setters
Each firm is able to set its price. All the firms do not sell uniform products; hence they are able to set their pri
Would you expect the amount of overhead applied for a period to equal the actual overhead costs of the period? Why or why not?
Answer:
No.
Explained below
Explanation:
No, I wouldn't expect the amount of overhead applied for a period to equal the actual overhead costs of the period. This is because, due to the fact that the predetermined overhead rate is purely an estimate of what costs are projected to be established before the period begins, it means that there will always be a difference between the predetermined costs and the actual overhead costs .
Helen,a manager for Marshall Manufacturing,spends much of her time reviewing the global,technological,socio-cultural,competitive,and economic factors that can influence the success of her firm's marketing efforts.Helen's efforts indicate that she is involved with environmental scanning. Environmental scanning is the process of identifying the factors than can affect marketing success.
a. True
b. False
Answer:
a. True
Explanation:
The environment scanning means the scanning of the environment. In this, the information is collected with respect to the events and their relationship of an organization that could be internal and external. The main motive of this is to be measure the direction of the organization in near future
Also it identified the factor that impacts the success of the marketing
Therefore the given statement is true
Which factors can affect a stock's price? Check all that apply.
Answer:
market
Explanation:
if there are less people in an area no one or little people will buy
Answer:
Factors that can affect stock prices
Company news and performance
Industry performance. Often, the stock price of the companies in the same industry will move in tandem with each other.
Investor sentiment. Investor sentiment or confidence can cause the market to go up or down, which can cause stock prices to rise or fall.
Explanation:
An attempt to gain control of the firm by buying sufficient shares of the target firm in the marketplace is known as a ________ and is typically accomplished through a ________.
a. friendly takeover; tender offer
b. hostile takeover; merger
c. friendly takeover; merger
d. hostile takeover; tender offer
Answer:
d. hostile takeover; tender offer
Explanation:
The hostile takeover is the transaction of the merger in which the management of the firm i.e. targeted would not support and acquirer could attempt to gain the control for purchasing the enough shares. And this could be achieved via a tender offer
Therefore as per the given situation, the option d is correct
hence, the same is to be considered
Which scenario below is an example of complementary products, based on their cross-price elasticity?A. Bananas and lettuce, with an elasticity of 0. B. Shampoo and conditioner, with an elasticity of 3.5. C. Coffee and tea, with an elasticity of 2.25. D. Green salsa and red salsa, with an elasticity of 2.75.
Answer: B. Shampoo and conditioner, with an elasticity of -3.5.
Explanation:
Complimentary products are those which see their quantity demanded move together because the goods usually compliment each other like tea and sugar.
Their Cross-price elasticity shows this by being a negative figure. This is because when the price of one commodity goes up, the quantity demanded of the other goes down because higher prices lead to lower quantity demanded.
The actual question showed that Conditioner and Shampoo had a cross-price elasticity of -3.5 so this is the correct answer.
Larry comes to your office to file his 2020 tax return and tells you that he never received an Economic Impact Payment (EIP) during 2020. It appears that he should have qualified. You assist Larry in checking the Get My Payment tool at www.irs.gov, where it says that a payment was deposited to a bank account that Larry states is not his. Larry will need to:
Incomplete question. The options:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
b. File Form 14039, Identity Theft Affidavit, with the IRS.
c. Contact the Farm Housing Administration.
d. Contact the bank that received the deposit and ask them to redirect the funds to him.
Answer:
a. File his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
Explanation:
True. According to the information found on the IRS website concerning those who were eligible but didn't receive the Economic Impact Payment (EIP) during 2020, they are to fill the 2020 Form 1040 alongside submitting their tax returns for the year 2020.
Hence, Larry simply needs to file his 2020 tax return, including the EIP on Form 1040, line 30, and wait for the IRS to fix the mistake.
Drag each credit plan to its description.
revolving credit
installment account
charge card
Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.

Borrowers have to make regular payments under fixed terms.

Consumers can shop using credit at specific locations.

Answer: (1)revolving credit, (2)installment account,& (3)charge card
Explanation:
(1)Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off.

(2)Borrowers have to make regular payments under fixed terms.

(3)Consumers can shop using credit at specific locations.
Answer:
Borrowers have a fixed credit line that is replenished as the outstanding balance is paid off. -Revolting Credit
Consumers can shop using credit at specific locations. -Charge Card
Borrowers have to make regular payments under fixed terms. -Installment Account
I took the test on plato and got it right
At a nominal interest rate of i convertible semi-annually, an investment of 1000 immediately and 1500 at the end of the first year will accumulate to 2000 at the end of the second year. Under the same interest rate, what is the present value of 1000 paid at the end of the fifth year?
Answer:
The answer is "869.76"
Explanation:
Given value:
[tex]CF_0=-1000\\\\CF_1=-1500\\\\CF_2=2000\\\\CPT \ IRR =2.8342\%\\\\[/tex]
[tex]\to Nominal\ Rate =2\times ((1+2.8342 \%)^{((\frac{1}{2})-1)}[/tex]
[tex]=2\times ((1.28342)^{(\frac{1}{2})-1}) \\ \\=2\times ((1.28342)^{(\frac{1}{2})-1}) \\\\ = 2.81\%[/tex]
[tex]\to 1000 = P (1+ \frac{2.83}{100})^5 \\\\\to 1000 = P (1+ 0.0283)^5\\\\\to P = \frac{1000}{(1+ 0.0283)^5}\\\\[/tex]
[tex]= \frac{1000}{1.14973878}\\\\= 869.76[/tex]
Calculate the current yield of this bond: (Round your answer to the nearest tenth percent.)
Bond Current Yield Vol Close Net Change
Action 11 22 10 102 1.25
Current yield __________%
Answer:
11%
Explanation:
Note: Kindly observe the organized question is attached as picture below
FV = 1000
Coupon amount = 1000*11.22% = 112.2
Close price = 102%
Price of bond in amount = Face value * quoted%
Price of bond in amount = 1000 * 102%
Price of bond in amount = 1020
Current yield formula = Coupon amount/price of bond
Current yield formula = 112.2/1020
Current yield formula = 0.11
Current yield formula = 11%
Trade restrictions Group of answer choices Reduce the gains from trade for the country as a whole. Increase the gains from trade for poor countries. Reduce the number of hours employees must work. Increase the standard of living for the country as a whole.
Answer:
reduce the gains from trade for the country as a whole.
Explanation:
The theories of the international trade recommended that the trade restrictions do not permit the country to distribute its resources in the case when there is a competitive advantge. Due to this, the consumer lost because of the higher prices and also the producer would continue to exhibit the productivity that would be poor. In addition to this, there is a loss to loss situation.
Therefore as per the given situation, the first option is correct
Which of the following stocks is LEAST sensitive to the movement of the overall stock market?
a. Starbucks
b. Home Depot
c. Amazon
d. Intel
Answer:
a. Starbucks
Explanation:
Stock markets maybe defined as the collection of exchanges and the markets where the activities of buying, selling and the issuance of the shares of various publicly-held companies takes place.
In the context, Starbucks is the least sensitive to the movement of overall stock market as the stocks with the least beta will be the least sensitive to the movement.
The Starbucks stock is LEAST sensitive to the movement of the overall stock market.
The following information should be considered:
The stock market refers to the collection of the exchanges & the marketing in which the purchasing & selling of shares are to be done. Also, Starbucks should be the least sensitive as it contains the least beta.Therefore we can conclude that The Starbucks stock is LEAST sensitive to the movement of the overall stock market.
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Suppose Yummy Treats Bakery issues common stock in exchange for a building. Yummy Treats Bakery should record the building at A. its market value. B. its book value. C. a value assigned by the board of directors. D. the par value of the stock given.
Answer:
A) Its market value
Explanation:
From the question, we are informed about Yummy Treats Bakery which issues common stock in exchange for a building. In this case Yummy Treats Bakery should record the building at its market value. Market value can as well be regarded as "open market valuation" it can be explained as the price an asset would bring as value in a market or in a auction setting i.e a compititive setting. It is the worth of an asset or company in financial market which is base on the participants in the market.
Marigold Corp. has fixed costs of $2200000 and variable costs are 20% of sales. What are the required sales if Marigold desires net income of $200000
Answer:
$10,000
Explanation:
The required sales is calculated as;
= Fixed costs + Desired profit / Contribution margin ratio
Given that;
Fixed costs = $2,200,000
Desired profit = $200,000
Variable cost = 20% of sales
Sales = X
Contribution margin ratio =
X = $2,200,000 + $200,000 /
WaterwayCompany has the following equivalent units of production for July: materials 15460 and conversion 11540. Production cost data are: Materials Conversion Work in process, July 1 $ 7300 $ 3700 Costs added in July 70000 54000 The unit production costs for July are: ________
a. $4.53
b. $4.68
c. $5.00
c. $5.00
d. $5.00
e. $4.68
f. $4.53
g. $5.00
Answer:
c. $5.00 & $5.00
Explanation:
Materials Conversion
Work in process July 1 $7300 $3700
Cost added in July $70000 $54000
Total Cost (A) $77,300 $57,700
Equivalent unit for July (B) 15460 11540
Production Cost (A/B) $5 $5
The annual report for a hospital shows that external environment factors are affecting the amount of new staff hired. What is a likely factor contributing to this outcome?
a. The recent implementation of becoming a not-for-profit institution
b. The implementation of a hospital electronic medical record system
c. A national recession that has been occurring for 3 years
d. The closure of a hospital-based school of nursing due to lack of funding
Answer:
c. A national recession that has been occurring for 3 years
Explanation:
In the case when the annual report of the hospital represent that the factors of the external environment impacting the new staff i.e. hired amount so the result that contribute is that there is a national recession that could be arise for the three years
hence, the same is to be considered
Therefore the correct option is c.
Arthur, an Air Force major, received a permanent change of station transfer from Alabama to Spain. His spouse did not accompany him and, instead, moved from Alabama to her parents' home in California. If she received a $7,500 relocation allowance and was later reimbursed an additional $2,500, how much of the $10,000 moving allowance she received, if any, must she include in her income
As a spouse of an Air Force major, Mrs. Arthur is not expected to include any amount of the $10,000 given to her as relocation allowance in view of her husband's permanent change of status transfer.
If she was granted an amount that was more than her relocation expenses, then she must include the excess amount in her income. This question did not indicate that there was an excess. Instead, there was a shortage for which she was reimbursed an additional $2,500.
Thus, the amount that she would include in her income from the relocation allowance is $0.
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The amount that she would include in her income from the relocation allowance is $0.
A relocation allowance is an allowance given to an officer for relocating to another location away from home.
Here, the spouse of an Air Force major (Mrs. Arthur) is not expected to include any amount of the $10,000 given to her as relocation allowance in view of her husband's permanent change of status transfer.
Since she was granted an amount that was more than her relocation expenses, then, she must not include any amount in her income.
In conclusion, the amount that she would include in her income from the relocation allowance is $0.
Learn more about Relocation allowance
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The value of the consumer price index (CPI) is best described as the:__________
Answer:
current year prices to base year prices, holding the market basket content constant.
Explanation:
The CPI as a form of measurement, gives an examination of the weighted average of what is the cost or prices of a basket of consumer goods and services, transport, food, and medical services. We can calculate this when we take the changes in price of every singular item in the basket of goods and finding the average.
It's value can best be described as current year prices to base year prices, while holding the market basket fixed.
Select the true statement about the relationship between law, ethics, and business.
a. People generally have similar opinions on what actions or conduct are called moral, and the marketplace rewards businesses that conduct themselves in such a manner.
b. Each person has a different definition of what is moral or ethical, so it is not possible for businesses to know what qualifies as ethical conduct.
c. The marketplace is generally unconcerned with whether or not businesses conduct themselves morally, since morality is difficult to define.
d. Since morals and ethics are not objective and cannot be specifically measured, the relationship between the value of a business and its ethical conduct is murky at best.
Answer:
A
Explanation:
Calculate price of a 25-year annuity making a $60 annual payment, discounted at 5%.
Answer:
the price of a 25-year annuity is $845.64
Explanation:
The computation of the price is as follows:
The price of a 25-year annuity is
= Annual payment × ((1 - (1 + discounted rate)^(number of years)) ÷ discounted rate)
= $60 × ((1 - (1 + 5%)^(-25)) ÷ 5%)
= $845.64
hence, the price of a 25-year annuity is $845.64
Therefore it could be determined by applying the above formula so that the price could come
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,800 on account, factory labor $7,300 of which $5,500 relates to factory wages payable and $1,800 relates to payroll taxes payable, and factory utilities payable $2,100. Prepare separate journal entries for each type of manufacturing cost.
Answer:
(a) Dr Raw Materials Inventory 5,800
Cr Accounts Payable 5,800
(b)Dr Factory Labor 7,300
Cr Employer Payroll Taxes 1,800
Cr Factory Wages Payable 5,500
(c) Dr Manufacturing Overhead 2,100
Cr Utilities Payable 2,100
Explanation:
Preparation for separate journal entries for each type of manufacturing cost
(a) Dr Raw Materials Inventory 5,800
Cr Accounts Payable 5,800
(Being the Purchases of raw materials on account)
(b)Dr Factory Labor 7,300
Cr Employer Payroll Taxes 1,800
Cr Factory Wages Payable 5,500
(Being To record factory labor costs)
(c) Dr Manufacturing Overhead 2,100
Cr Utilities Payable 2,100
(Being To record entry for utilities payable)
What is the effect of an increase in the price of fuel on the transportation services market where fuel is an input
Answer:
The supply will decrease.
Explanation:
Here are the options to this question :
A. The supply will increase.
B. The demand will decrease.
C. The supply will decrease.
D. The demand will increase.
Due to the increase in price of fuel, the cost of purchasing fuel would increase and this would make it more expensive to run transportation services. As a result, the supply of transportation services would fall. this would shift the supply curve for transportation services leftward. This would lead to a rise in price of transport services and a decrease in quantity suoplied.
Please check the attached image for a graph explaining this concept
Which of the following is reported as part of discontinued operations? Select one: a. Amortization expense. b. Impairment losses for intangible assets. c. Research and development costs. d. None of these answer choices are correct.
Answer: d. None of these answer choices are correct.
Explanation:
Amortization expense reflects the reduction in value of an intangible asset during its lifetime and so therefore is not a discontinued operation, Impairment losses for intangible assets are part of ongoing operations as well.
Research and development costs are period expenses and are not included as part of discontinued operations. None of these options are therefore correct.
If Compu-Globo established a merit pay program, which of the following would be true?
a) All of these choices are correct.b) It guarantees that employees are only rewarded on the basis of ability and motivation.c) It would be inexpensive to implement and maintain.d) It could become expensive quickly.e) Teamwork would likely increase among Compu-Globo employees.
Answer:
If Compu-Globo established a merit pay program, the following would be true:
b) It guarantees that employees are only rewarded on the basis of ability and motivation.
Explanation:
With a merit pay program, each worker is rewarded based on their performance. One big advantage of the merit-based pay is that each individual is paid for his or her worth. However, its major pitfalls are that it is very subjective, and it increases unhealthy competition among individuals. This increased competitiveness may not be beneficial to the organization's objectives.
Two investment centers at Marshman Corporation have the following current year income and asset data
Investment Center A 440,000 2,900,000
Investment Center B 550,000 2,200,000
Investment center income
Investment center average invested assets $ $ $
The return on investment (ROI) for Investment Center A is:___________
Answer: 15.17%
Explanation:
Based on the information provided in the question, the Return on investment would be calculated as:
= Net income / Average assets
Therefore, The return on investment (ROI) for Investment Center A would be:
= 440000 / 2900000 × 100
= 15.17241%
= 15.17%