Answer:
Sales unit to achieve target profit =6,550 units
Explanation:
Break-even point is the level of activity that achieves no profit or loss. At this level profit is zero because the the total revenue is equal to total cost.
The break-even point is calculated as
Break -even in units = total general fixed cost/(selling price - variable cost)
ley represent tah variable cost per unit with letter "y"
5,000 = 50,000 / (25 - y)
cross multiply
5000× (25 - y) = 50,000
125000 - 5000 y = 50,000
collect like terms
125,000 - 50,000 = 5000 y
75000 = 5,000y
divide both sides by 5,000
y = 75,000/5000 = 15
Variable cost per unit = 15
Sales units to achieve target profit = Fixed cost + target profit/(selling price - variable cost per unit)
Sales unit to achieve target profit
= (50,000 + 15,500)/(25-15)
= 6,550
Sales unit to achieve target profit =6,550 units
Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June Percent Completed Units Materials Conversion Work in process, beginning Started into production Completed and transferred out Work in process, ending 58,000 299,000 289,000 68,000 70% 40% 75 % 25% Work in process, beginnin Cost added during June Materials Conversion $ 20,0006,200 $214,600 131,500
Required
1. Calculate the Blending Department's equivalent units of production for materials and conversion in June
2. Calculate the Blending Department's cost per equivalent unit for materials and conversion in June
3. Calculate the Blending Department's cost of ending work in process inventory for materials, conversion, and in total for June
4. Calculate the Blending Department's cost of units transferred out to the Bottling Department for materials, conversion, and in total for June
5. Prepare a cost reconciliation report for the Blending Department for June
Answer:
Explanation:
1
Units %Material
Units completed & Transferred 289,000 100 289,000
Units of ending WIP 68,000 75 51,000
Equivalent units of production 340,000
% Conversion EUP Conversion
Units completed & transferred out 100 289,000
Units of ending WIP 25 17,000
Equivalent units of production 306,000
2
Material Conversion
Beginning WIP 20,000 6,200
Added cost in June 214,600 131,500
Total 234,600 137,700
Equivalent unit of production 340,000 306,000
Cost /equivalent unit 0.69 0.45
3
EUP Cost/ EUP Total
Material 51,000 0.69 35,190
Conversion 17,000 0.45 7,650
Total cost of ending WIP 42,840
for materials ,conversion
4
EUP Cost / EUP Total
Material 289,000 0.69 199,410
Conversion 289,000 0.45 130,050
Total cost of units transferred out 329,460
5
Reconciliation report
Cost of beginning WIP 20,000 6,200 26,200
Cost added in the month 214,600 131,500 346,100
Total 372,300
Cost of units transferred out 329,460
Cost of ending WIP 42,840
Total 372,300
Under the antiboycott law, U.S. companies are forbidden to participate in any unauthorized foreign boycott. Which situation brought about the antiboycott law in the U.S.?
Answer: The Boycott of Israel by the Arab League
Explanation:
The Arab League since 1948 has mandated that all it's members boycott any trade with Israel as well as boycotting any companies that are trading with Israel in protest of what they view as the formation of an illegal country on lands belonging to Palestine.
The United States seeing how this could affect Israel, passed some anti-boycott laws in the '70s amongst them the Export Administration Act (EAA) to ensure that its companies still traded with Israel.
Assume an investor purchases the net assets of an investee for the cash purchase price is $50,400. The investor is willing to purchase the investee's business for this amount because the fair value of PPE is $47,040 and the fair value of a (previously unrecognized) customer list is $10,080 (the fair values of all other assets and liabilities are equal to their book values). The investee company reports the following balance sheet on the acquisition date:
Cash $1,680 Accounts payable 3,360
Accounts receivable $3,360 Accrued liabilities 5,040
Inventories 6,720
Current assets 11,760 Current liabilities 8,400
Long-tem liabilities 6,720
PPE, net 16,800 Stockholders' equity 13,440
Total liabilities & equity $28,560 Total assets $28,560
Parts A and B are independent of each other.
A. Provide the journal entry if the investor pays cash and purchases the assets and assumes the liabilities of the investee company.
B. Provide the journal entry if the investor pays cash and purchases all of the stock of the investee's shareholders.
Answer and Explanation:
The Journal entries are shown below:-
A. Cash Dr, $1,680
Accounts receivable Dr, $3,360
Inventories Dr, $6,720
PPE, net Dr, $16,800
To Accounts payable $3,360
To Accrued liabilities $5,040
To Long-term liabilities $6,720
To Cash $13,440
(Being purchase of the assets and assumption of the liabilities is recorded)
B. Equity investment Dr, $13,440
To Cash $13,440
(Being purchase of the assets and assumption of the liabilities is recorded)
The process of bond valuation is based on the fundamental concept that the current price of a security can be determined by calculating the present value of the cash flows that the security will generate in the future.
There is a consistent and predictable relationship between a bond’s coupon rate, its par value, a bondholder’s required return, and the bond’s resulting intrinsic value. Trading at a discount, trading at a premium, and trading at par refer to particular relationships between a bond’s intrinsic value and its par value. This also results from the relationship between a bond’s coupon rate and a bondholder’s required rate of return.
Remember, a bond’s coupon rate partially determines the interest-based return that a bond (might/will)...........pay, and a bondholder’s required return reflects the return that a bondholder(would like/is obligated).............to receive from a given investment.
Answer:
Remember, a bond’s coupon rate partially determines the interest-based return that a bond WILL pay, and a bondholder’s required return reflects the return that a bondholder WOULD LIKE to receive from a given investment.
Explanation:
When a bond is issued, a contract is formed between the issuer and the bondholder. The coupon rate is fixed and it must be paid by the bondholder regardless of the market price of the bond.
On the other hand, the bondholder's expected return is what determines the market price of the bond. if the expected return is higher than the coupon rate, then the bond will be sold at a discount. If the coupon rate is higher than the expected return, then the bond will be sold at a premium.
A company estimates that warranty expense will be 4% of sales. The company's sales for the current period are $185,000. The current period's entry to record the warranty expense is:
The journal entry for recording the warranty expense is
Dr Warranty Expense 7,400
Cr Estimated Warranty Liability 7,400
Journal entry:Dr Warranty Expense 7,400 (185,000 x 0.04)
Cr Estimated Warranty Liability 7,400
(being warranty expense is recorded)
here expense is debited as it increased the expense and liability should be credited as it also increased the liability.
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The entry for the warranty expense would be recorded in the form of the Journal entry by debiting the Warranty Expense and crediting the Estimated Warranty Liability with the amount of $7,400.
What is the Journal entry?Journal entry is defined as the primary books of accounting, it records the financial transactions of the firm as a form of recording the transaction by applying the golden rules of accounting.
This process of recording involves of transactions by giving the debit as well as credit effect of the transaction in such a manner that the transactions are recorded properly.
The Journal entry of the given case is:
Warranty Expense a/c Dr. $7,400
To Estimated Warranty Liability a/c $7,400
(being warranty expense is recorded)
The amount is calculated as:
185,000 × 0.04 = $7,400
Therefore, both the accounts are recorded with the $7,400.
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If Piper Manufacturing manufactures one unique set of stack pipes, and the sell price is $121,000, the variable costs per unit are $62,000, and the fixed costs are $500,000, what is the break-even point in units
Answer:
8.47
Explanation:
The formula to calculate the break-even point in units is:
Break-even point in units=Fixed costs/(Selling price per unit-Variable cost per unit)
Fixed costs= $500.000
Selling price per unit= $121,000
Variable cost per unit= $62,000
Break-even point in units=$500,000/($121,000-$62,000)
Break-even point in units=$500,000/59,000
Break-even point in units=8.47
According to this, the break-even point in units is 8.47.
Lefave, Inc., manufactures and sells two products: Product Q1 and Product D5. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below:
Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours
Product Q1 2,100 6.1 12,810
Product D5 950 3.1 2,945
Total direct labor-hours 15,755
The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Expected Activity
Activity Cost Pools Activity Measures Estimated Overhead Cost Product Q1 Product D5 Total
Labor-related DLHs $172,482 21,000 5600 26,600
Product testing tests 68,909 1400? 1300 2700
General factory MHs 224,825 5800 5700 11,500
$466,216
If the company allocates all of its overhead based on direct labor-hours using its traditional costing method, the predetermined overhead rate would be closest to:__________
Answer:
Predetermined manufacturing overhead rate= $29.59 per direct labor hour
Explanation:
Giving the following information:
Total direct labor-hours 15,755
Total overhead:
Labor-related DLHs= $172,482
Product testing tests= $68,909
General factory MHs= $224,825
Total= $466,216
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 466,216/15,755
Predetermined manufacturing overhead rate= $29.59 per direct labor hour
On July 9, Mifflin Company receives a $10,400, 90-day, 8% note from customer Payton Summers as payment on account. What entry should be made on July 9 to record receipt of the note
Answer: Debit Notes Receivable $10,400; credit Accounts Receivable $10,400.
Explanation:
Mifflin Company is receiving the note back from Payton Summers which means that Payton Summers intends to settle their account. The correct entry to record therefore is one that closes off the Notes Receivable account by debiting it as it was on a credit balance.
The other account would be the Accounts Receivable account which would need to be credited by the amount owed to close off the account as it was on a debit balance as Accounts Receivables are when customers are still owing.
The following information is from the annual financial statements of Raheem Company. Year 3 Year 2 Year 1 Net sales $ 308,000 $ 239,000 $ 289,000 Accounts receivable, net (year-end) 37,700 35,500 32,200 (1) Compute its accounts receivable turnover for Year 2 and Year 3. (2) Assuming its competitor has a turnover of 12.6, is Raheem performing better or worse at collecting receivables than its competitor? Better Worse
Answer:
(1) Compute its accounts receivable turnover for Year 2 and Year 3.
year 2 = 7.06year 3 = 8.42(2) Assuming its competitor has a turnover of 12.6, is Raheem performing better or worse at collecting receivables than its competitor?
the higher the accounts receivable turnover ratio, the better. In this case, their competitor is much better at collecting their accounts receivables than Raheem.Explanation:
Year 3 Year 2 Year 1
Net sales $308,000 $239,000 $289,000
Accounts receivable, net (year-end) $37,700 $35,500 $32,200
accounts receivable turnover = net sales / average accounts receivable
accounts receivable turnover year 2 = 239,000 / [(35,500 + 32,200)/2] = 7.06
accounts receivable turnover year 3 = 308,000 / [(35,500 + 37,700)/2] = 8.42
A company had the following cash flows for the year: (a) Purchased inventory, $60,000 (b) Sold goods to customers, $90,000 (c) Received loan from a local bank, $150,000 (d) Purchased land, $180,000 (e) Purchased treasury stock, $40,000 (f) Paid dividends, $10,000 (g) Sold delivery truck, $30,000 What amount would be reported for net investing cash flows on the Statement of Cash Flows
Answer:
($150000)
Explanation:
The computation of the net investing cash flows is shown below;
Purchase of land ($180,000)
Sale of delivery truck $30,000
Net Cash used in Investing activities ($150000)
The purchase of land is an outflow of cash and the sale of delivery truck is a inflow of cash so it would be shown in a negative and positive amount
Thus all other values would be ignored
There are 300 purely competitive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested. Instructions: Enter your answers as whole numbers. a. What is the percentage rate of return for these 298 dairies
Answer:
8.00%
Explanation:
The return of the 298 diaries can be computed as the profit generated divided by the amount invested initially.
percentage rate of return=profit generated/amount invested
profit generated is $24
amount invested is $300
percentage rate of return=$24/$300
percentage rate of return=8.00%
On November 1, 2016, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2017. On December 31, 2016, the company's year-end, the following information relative to the discontinued division was accumulated: Operating loss Jan. 1 – Dec. 31, 2016 $71 million Estimated operating losses, Jan. 1 to April 30, 2017 94 million Excess of fair value, less costs to sell, over book value at Dec. 31, 2016 16 million In its income statement for the year ended December 31, 2016, Jamison would report a before-tax loss on discontinued operations of: Multiple Choice $149 million. $71 million. $55 million. $165 million.
Answer:
Jamison Inc.
Discontinued Divisional Loss:
$149 million.
Explanation:
a) Data and Calculations:
December 31, 2016 Operating Loss = $71 million
Jan. 1 to April 30 Estimated operating loss = $94 million
Less Unrealized Gain on fair value $16 million
Before-Tax Loss on discontinued operations $149 million
b) Discontinued operations of Jamison Inc. must be reported separately in the balance sheet, the income statement, and the statement of cash flows. This separation treatment enables user of the financial information to understand the different sources of income or loss.
At a computer-consulting firm, the number of new clients that they have obtained each month has ranged from 0 to 6. the number of new clients has the probability distribution that is shown below. determine the expected number of new clients per month. # of clients probability 0 0.05 1 0.10 2 0.15 3 0.35 4 0.20 5 0.10 6 0.05
Answer:
3.05
Explanation:
The computer consulting firm is analyzing the performance of its company based on new clients each month. The data is given for six months and the probability distribution for number of new clients per month that the company has gained. The probability sum equals to 1 for the six months. The variance distribution is the squared value of each the difference by the mean. values of probability are squared and then their sum is taken to calculate variance deviation.
The TARP program injected capital or equity in commercial banks, which alleviated some of their insolvency issues. Group of answer choices True False
Answer: True
Explanation:
During the 2008 financial crisis, The Troubled Asset Relief Program (TARP) was put in place by the United States Treasury.
This was done by the Department of the Treasury which pumped money into the banks that were failing and other businesses. They bought equity and assets.
You have just deposited $5,000 into an account that promises to pay you an annual interest rate of 5.3 percent each year for the next 4 years. You will leave the money invested in the account and 10 years from today, you need to have $7,990 in the account. What annual interest rate must you earn over the last 6 years to accomplish this goal?
Answer:
An interest rate of 4.5% needs to be earned over the last 6 years to accomplish this goal
Explanation:
Firstly, we calculate the interest value on the $5000 deposited at interest of 5.3% for 4 years
We can use the compound interest formula to know the value of the amount
A =I(1 + r)^nt
Where A is the amount which we want to calculate
I is the amount deposited = 5.3% = 5.3/100 = 0.053
n is the number of times per year in which interest is compounded = 1 (annually)
t is the number of years = 4
Plugging the values, we have ;
A = 5000(1 + 0.053)^(4)(1)
A = 5000(1.053)^4
A = $6147.29 which is approximately $6147
Now we want to know the amount of annual interest to be earned over the next 6 years
In this case our A = $7,990
I = $6147
n = 1
t = 6
r = ?
Substituting the values, we have ;
7990= 6147(1 + r)^6
divide both side by 6147
1.3 = (1+r)^6
1+ r = 1.045
r = 1.045-1
r = 0.045 which is same as 4.5%
Fisher meeting with Bill Gates, CEO - Microsoft, to form alliances to develop new photo software that helped customers manipulate images, was an example of -
Answer: External horizontal diversification
Explanation:
External horizontal diversification is when new products or services are added to a company because they may appeal to the customers. This is a strategy that is used to increase the dependence of firm on certain segments of the market.
This was used when Fisher met with Bill Gates, CEO - Microsoft, to form alliances to develop new photo software that helped customers manipulate images.
a sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?
Complete Question:
A sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?
a. depreciation
b. mortgage interest
c. rent
d. Utilities
Answer:
b. mortgage interest
Explanation:
The sole proprietor with a tentative loss may deduct expenses for mortgage interest, mortgage insurance premiums, and real estate taxes under the normal rules. The sole proprietor is not allowed to deduct other expenses that are normally tax-exempt expenses, including depreciation, rent, and utilities. The amount to be deducted for mortgage interest should not exceed the percentage for business use.
Your great aunt left you $15,000 when she died. You can invest the money to earn 6.5% per year. If you spend $2,100 per year out of this inheritance, how long will the money last? Try to use an appropriate annuity formula, and make sure to clearly state any assumptions you make.
Answer:
The money will last for approximately 10 years.
Explanation:
Assuming the withdrawal to spend $2,100 is made at the end of each year, the relevant formula to use is therefore the formula for calculating the present value (PV) of an ordinary annuity as follows:
PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)
Where;
PV = Present value of the inheritance left by your great aunt = $15,000
P = yearly withdrawal = $2,100
r = interest rate = 6.5%, or 0.065
n = number of years the money will last = ?
Substitute the values into equation (1) and solve for n as follows:
15,000 = 2,100 * [{1 - [1 / (1 + 0.065)]^n} / 0.065]
15,000 / 2,100 = {1 - [1 / 1.065]^n} / 0.065
7.14285714285714 = [1 - 0.938967136150235^n] / 0.065
7.14285714285714 * 0.065 = 1 - 0.938967136150235^n
0.464285714285714 = 1 - 0.938967136150235^n
0.938967136150235^n = 1 - 0.464285714285714
0.938967136150235^n = 0.535714285714286
Loglinearize both sides, we have:
n * log 0.938967136150235 = log 0.535714285714286
n = log 0.535714285714286 / log 0.938967136150235
n = -0.271066772286538 / -0.0273496077747564
n = 9.9112 years, or approximately 10 years
Therefore, the money will last for approximately 10 years.
Onslow Co. purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at an $8,000 cost. On January 3, it is installed on a required operating platform costing $1,600, and it is further readied for operations. The company predicts the machine will be used for six years and have a $23,040 salvage value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of.
Required:
1. Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is paid for all costs incurred.
2. Prepare journal entries to record depreciation of the machine at December 31.
Answer:
Onslow Co.
Journal Entries;
Jan. 2:
Debit Equipment $192,000
Credit Cash Account $192,000
To record the purchase of used machine by cash.
Jan. 3:
Debit Equipment $9,600
Credit Cash Account $9,600
To record the repair and installation costs.
December 31:
Debit Depreciation Expense $29,760
Credit Accumulated Depreciation $29,760
To record depreciation expense for the period.
Debit Sale of Equipment $201,600
Credit Equipment $201,600
To transfer the sale of equipment to Equipment.
On Disposal:
Debit Accumulated Depreciation $148,800
Credit Sale of Equipment $148,800
To record the disposal
Explanation:
Jan. 2 purchase of a used machine $192,000
Jan. 3 repair expenses 8,000
Jan. 3 installation 1,600
Total cost of acquisition $201,600
Salvage value 23,040
Depreciable amount 178,560
Depreciation per year $29,760 ($178,560 / 6)
Accumulated Depreciation for 5 years = $148,800 ($29,760 x 5)
Wilbur Division has the following information: Sales $900,000 Variable expenses 620,000 Fixed expenses 310,000 If this division is eliminated, all $310,000 of the fixed expenses will be allocated to the company’s other divisions. The incremental effect on income if the division is dropped is Group of answer choices
Answer:
The incremental effect on income if the division is dropped is that Net income will reduce by $280,000
Explanation:
Fixed Expenses will continue to incur at the same level if the division is dropped and hence, fixed costs are unavoidable
Incremental effect on net income if the division is dropped = Costs avoided - Revenues lost
= $620,000 - $900,000
= -$280,000
Conclusion: Net income will reduce by $280,000
You used to earn $76,000 a year in your old job! Suppose you return to college and earn an MBA, after which you get an upper-management position with Yum! Brands. If the tax rates are the same as in 2012 and your starting salary is $125,000, how much will you owe in federal social insurance taxes?
Answer:
Federal social insurance taxes include OASDI taxes (Social Security) and Medicare taxes. Currently. In 2012, the Social Security tax limit was $110,100, while their was no limit on Medicare.
The Social Security tax rate was temporarily reduced during 2011 and 2012 from 6.2% to 4.2%, so your Social Security tax withholdings were $4,624.20 in 2012.
Medicare taxes did not change in 2012 and were 1.45%, so your Medicare tax withholding were $1,812.50 in 2012.
Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a(n):
Answer:
Reversionary interest
Explanation:
If Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a reversionary interest.
A reversionary interest can be defined as a property law (deed) which states that when a property such as a land transfer is used on a clause; “for so long as” or “on condition that."
Hence, once the interest of the benefactor comes to an end, the property reverts back to its original owner (grantor). It also gives the grantor's next of kin, successor or heir the power or right to take the property back in the future if promises are broken or the agreement comes to an end.
This ultimately implies that, if a property stated in the deed is not used or used, for certain purposes.
In this scenario, Larry owns a reversionary interest because he gifts a land to the school district, but in the deed he stated "for so long as the land is used for a school."
A local bank intends to install a new automated teller machine (ATM) to allow users (i.e., bank customers) to perform basic financial transactions. Each user can have only one account at the bank. ATM users should be able to view their account balance, withdraw cash (i.e., take money out of an account) and deposit funds (i.e., place money into an account). The user interface of the automated teller machine contains:
Answer:
The user interface of the automated teller machine contains Graphical User Interface.
Explanation:
The Graphical User Interface (GUI) is a user interface that allows the ATM customer to perform basic financial transactions of viewing their account balance, withdrawing cash, and depositing funds in an interactive manner. The GUI as an interactive visual display uses objects to convey information to the user. Actions to be taken by the ATM customer are also represented, so that the user or ATM customer feels as if she were communicating with another human. The GUI responds faster than a human.
Ravelo Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Estimated Overhead Cost Expected Activity Assembly $ 514,520 52,000 machine-hours Processing orders $ 62,263 1,900 orders Inspection $ 85,589 1,910 inspection-hours Data concerning the company's product L19B appear below: Annual unit production and sales 590 Annual machine-hours 1,150 Annual number of orders 230 Annual inspection hours 180 Direct materials cost $ 53.74 per unit Direct labor cost $ 26.45 per unit According to the activity-based costing system, the unit product cost of product L19B is closest to: (Round your intermediate calculations to 2 decimal places.)
Answer:
Unitary cost= $131.02
Explanation:
Giving the following information:
L19B:
Annual unit production and sales 590
Annual machine-hours 1,150
Annual number of orders 230
Annual inspection hours 180
Direct materials cost $ 53.74 per unit
Direct labor cost $ 26.45 per unit
First, we need to calculate the predetermined overhead rate for each activity:
Assembly= 514,520/52,000= $9.9 per machine-hour
Processing orders= 62,263/1,900= $32.77 per order
Inspection= 85,589/1,910= $44.81per inspection-hour
Now, we can calculate the total allocated overhead cost for product L19B:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembly= 9.9*1,150= 11,385
Processing orders= 32.77*230= 7,537.1
Inspection= 44.81*180= 8,065.8
Total= 29,987.9
Finally, the cost per unit:
Unitary overhead= 29,987.9/590= 50.83
Unitary cost= 53.74 + 26.45 + 50.83
Unitary cost= $131.02
In recent years, cellular phones have become very popular. What is the effect of this change in taste and preferences on the market for cellular phones?
Answer:
The effect is a decrease in the use of land line phones, so there is a decrease in demand for land line phones and an increase in demand for cellular phones.
Explanation:
With the popularization of the cell phone, there was an economic effect caused by the increase in demand for cell phones and the decrease in demand for landlines, which means that the landline sector was affected by changes in consumer taste and preferences, which led to many fixed-line operators migrate to a focus on mobile telephony.
With the popularization of cell phones, it is also possible to notice the increase in industries that produce increasingly technological and differentiated devices to meet this constantly growing demand.
Exercise B: Assume you had invested $1,000 in a lawn mower to set up a lawn mowing business for the summer. During the first week, you could choose either to mow the grounds at a housing development for $1,400 or to help paint a garage for $1,360. Each job would take one week. You cannot do both. You would incur additional costs of $160 for lawn mowing and $80 for garage painting. These costs include $60 under each alternative for transportation to the job. Prepare a schedule showing the net benefit or advantage of selecting one alternative over the other.
Answer:
[tex]\left[\begin{array}{cccc}&$mow grounds&$paint garage&$Differential\\$Revenue&1400&1360&\\$Cost&-160&-80&\\$Net &1240&1280&-40\\\end{array}\right][/tex]
It is better to paint the garage this week as provide better relevant yield.
Explanation:
The 1,000 invested in the law mower ware sunk cost as it is already incurred. After this week we will be still be able to take jobs ralated to the lawn mower.
We must base our analysis in the future cost associate with each alternative.
These are the revenue of each job and the additional cost.
The transportation as they are equal to both alternative are disregarded.
The net benefit from painting the garage is more than the net benefit of moving by $40. Therefore, we should choose to paint the garage to achieve more profit.
What is the net benefit?The term net benefit means the benefits or profit that can be derived from an activity. It is the difference between the revenue and the cost of the respective activity.
The net benefits from moving and painting will be the difference between the revenue that can be earned by mowing and painting and the respective expenses.
The calculation of net benefit is given in the attachment.
The net benefit from painting the garage is more, therefore, it should be chosen.
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write an essay about Reception and basic etiquette of
an organisation and briefly explain everything that has
to do with the reception of the organisation
Answer:
The reception of the organization is the first place that a visitor sees. It is first observation of any visitor and then a perception is created about the whole organizations. The staff at reception must be well dress according to the organization rules.
Explanation:
The staff should be polite and speak gently to every one. There should be a culture of greeting every one in the organization this is the basic and an important etiquette. The workplace of every individual should be clean and the files and papers should be arranged properly. Everyone should speak politely to each other so that the other staff working in office does not gets irritated.
"Reception and Basic Etiquette of an organization"
Reception
The reception office is characterized as the office within the organization where all guests to the organization are received.
Reception office is additionally that specific room in an organizations premises or building where callers to that organization would to begin with call and make request within the course of going to the organization.
Basic Etiquette
Keep the reception zone clean and organized. Create a wonderful, unwinding environment. Offer complimentary refreshments. Provide a clear activity stream. Avoid excessively solid scents or fake fragrances. Educate your client. Choose the proper staff.Learn more about "Etiquettes":
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When Marilyn Monroe died, ex-husband Joe DiMaggio vowed to place fresh flowers on her grave every Sunday as long as he lived. The week after she died in 1962, a bunch of fresh flowers that the former baseball player thought appropriate for the star cost about $6. Based on actuarial tables, "Joltin' Joe" could expect to live for 25 years after the actress died. Assume that the EAR is 11.4 percent. Also, assume that the price of the flowers will increase at 3.3 percent per year, when expressed as an EAR. Assuming that each year has exactly 52 weeks, what is the present value of this commitment? Joe began purchasing flowers the week after Marilyn died.
Answer: $3,338.56.
Explanation:
Given, EAR = 11.4 percent =0.114
Weekly interest rate=[tex]\dfrac{EAR}{\text{Number of weeks in a year}}=\dfrac{0.114}{52}=0.00219[/tex]
Growth rate of price of flowers = 3.3 % per year
Weekly growth rate=[tex]\dfrac{0.033}{52}=0.00063[/tex]
Star Cost (C)= $6
Time period (t)= 25 years
= 25 x 52 = 1300 weeks
Required formula for growing annuity :
[tex]PV=\dfrac{C}{r-g}[1-(\dfrac{1+g}{1+r})^t][/tex],
where C = Star cost
r = rate per period
g= growth rate
t = time period
[tex]PV=\dfrac{6}{0.00219-0.00063}[1-(\dfrac{1+0.00063}{1+0.00219})^{1300}]\\\\=\dfrac{6}{0.00156}[1-(0.998443408934)^{1300}]\\\\=(3846.15384615)[1-0.13197471131]\\\\=(3846.15384615)(0.86802528869)\approx\$3338.56[/tex]
Hence, the present value of this commitment = $3,338.56.
how does being mindful of your strengths, skills, weaknesses, and potential challenges or obstacles impact your personal, academic, and professional growth?
Explanation:
It’s not unusual for people to compare themselves with others around them, and to feel superior or inferior towards them based on their strengths and their weaknesses.
The thing is, every individual is different and we all function differently based on our personalities. It is important to know yourself and your capacities.
Your strengths are things you can leverage on, things you can use to push yourself further.
On the other hand, your weaknesses are not your downfall. These are areas you need to improve on. It is not something you lack. It is something you need to develop and build.
In order to leverage your strengths and improve on your weaknesses, you first need to know them.
Answer:
Being mindful of my strengths, skills, and potential obstacles can significantly impact my personal, academic, and professional growth. When I am aware of my strengths, I can rely on them to complete tasks, sort of like leverage. They are also things that will help push me further in whatever aspect of life. Knowing my skills will also benefit me by knowing when to use them in certain situations. Learning my skills is also essential to understand when knowing when and how to use them. Also, when I am aware of my obstacles or challenges, it will help me find a way to avoid them or find a better way to accomplish something. It is also something that I know I need to work on and become better at, and without being aware of first, I wouldn’t be able to do that. When I am aware of how I function, it makes it easier for me to achieve my goals. I wouldn’t be able to grow in my personal, academic, or professional life if I wasn’t aware of those things. A saying that I learned throughout my recovery was “ to be aware is to be alive.” It is essential to know my benefits and downfalls within myself to be able to grow and become better in all areas of my life.
Explanation:
Assignment: Capital Budgeting Decisions Your company is considering undertaking a project to expand an existing product line. The required rate of return on the project is 8% and the maximum allowable payback period is 3 years.
time 0 1 2 3 4 5 6
Cash flow $ 10,000 2,400 4,800 3,200 3,200 2,800 2,400
Evaluate the project using each of the following methods. For each method, should the project be accepted or rejected? Justify your answer based on the method used to evaluate the project’s cash flows.
A. Payback period
B. Internal Rate of Return (IRR)
C. Simple Rate of Return
D. Net Present Value
Answer:
A. Payback period
payback period = 2.875 years, therefore, the project should be accepted because the payback period is less than 3 years.B. Internal Rate of Return (IRR)
IRR = 22.69%, therefore, the project should be accepted since the IRR is higher than the required rate of return (8%).C. Simple Rate of Return
simple rate of return = 18%, therefore, the project should be accepted because the simple rate of return is higher than the required rate of return.D. Net Present Value
NPV = $4,647.85 , therefore, the project should be accepted since the NPV is positive.Explanation:
year cash flow
0 -$10,000
1 $2,400
2 $4,800
3 $3,200
4 $3,200
5 $2,800
6 $2,400
discount rate 8%
I used a financial calculator to determine the NPV and IRR.
Payback period = $10,000 - $2,400 - $4,800 = $2,800 / $3,200 = 0.875
payback period = 2.875 years
simple rate of return:
average cash flow = ($2,400 + $4,800 + $3,200 + $3,200 + $2,800 + $2,400) / 6 = $3,467
depreciation expense per year = $10,000 / 6 = $1,667
simple rate of return = ($3,467 - $1,667) / $10,000 = 18%