Answer:
Actual Gross Profit $263,400
Explanation:
The computation of the actual gross profit is as follows:
Allocated manufacturing overheads $104,400
Actual manufacturing overheads $91,000
Over applied manufacturing overheads $13,400
Unadjusted cost of goods sold $335,000
Less: Over applied manufacturing overheads $13,400
Adjusted cost of goods sold $321,600
Sales Revenue $585,000
Less: Adjusted cost of goods sold $321,600
Actual Gross Profit $263,400
This is the answer but the same is not provided in the given options
Dani's just paid an annual dividend of $6 per share. What is the dividend expected to be in five years if the growth rate is 4.2%
Answer:
the dividend expected in five years is $7.37
Explanation:
The computation of the dividend expected in five years is as follows;
As we know that
Future value = Present value × (1 + rate of interest)^time period
Dividend at year 5 = $6 × (1.042)^5
= $6 × 1.228396569
= $7.37
Hence, the dividend expected in five years is $7.37
The same is to be considered
Parvati is a single taxpayer. Her AGI is $74,098, she does not own a home, and she contributed the following charitable donations to qualified charitable organizations:
04/01/20 $250 04/16/20 $50 05/20/20 $350
What amount can she deduct on her 2020 tax return?
a) $0
b) $650
c) $350
d) $300
Answer: $300
Explanation:
According to the Coronavirus Aid, Relief, and Economic Security (CARES Act), individual taxpayers can claim about $300 deduction in taxes as charitable donations.
Therefore, it should be noted that despite the standard deduction that Parvati has to pay, she would still have to pay $300 which would be deducted on her 2020 tax return.
anti trush policy meaning
Answer:
Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies.
Which of the following investors would likely prefer a cash dividend over a stock dividend?
a. Layton prefers when companies let him decide how to benefit from his dividends.
b. Kylie is a high-income earner and prefers to avoid additional taxes this year.
c. Harriett is more focused on long-term outcomes than short-term ones when it comes to investing.
d. Enrique subscribes to the "bird in the hand"theory when it comes to dividends.
Answer:
d. Enrique subscribes to the "bird in the hand "theory when it comes to dividends
Explanation:
Cash that is ready to use is better than having other assets that need to be converted into cash to be enjoyed later. This is the simple explanation of the "bird in the hand" theory. An investor who subscribes to this theory will highly likely prefer a cash dividend over a stock dividend.
Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company’s actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis.AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard Rate1. & 2. Compute the direct labor rate variance and direct labor efficiency variance. Indicate whether this cost variance is favorable, unfavorable or no variance.3. & 4. Compute the variable overhead variance and fixed overhead variance. Indicate whether this cost variance is favorable, unfavorable or no variance.
Answer:
1. Direct labor rate variance=$38,250 Favorable
2. Direct labor efficiency variance=$43,350 UnFavorable
3. Variable overhead cost=$21,400 Favourable
4. Fixed overhead cost=$6,800 Unfavorable
Explanation:
1. & 2. Computation for the direct labor rate variance and direct labor efficiency variance
Computation for DIRECT LABOR RATE VARIANCE using this formula
Direct labor rate variance= (Actual hour * Actual rate)-(Actual hour* Standard rate)
Let plug in the formula
Direct labor rate variance=[(5,100*2.5)*$14]- [(5,100*2.5)*$17]
Direct labor rate variance=(12,750*$14)-(12,750*$17)
Direct labor rate variance=$178,500-$216,750
Direct labor rate variance=$38,250 Favorable
Therefore Direct labor rate variance will be $38,250 Favorable
Computation for DIRECT LABOR EFFICIENCY VARIANCE using this formula
Direct labor efficiency variance= (Actual hour *Standard rate)-(Standard hour* Standard rate)
Let plug in the formula
Direct labor efficiency variance=[(5,100*2.5)*$17]- [(5,100*2)*$17]
Direct labor efficiency variance=(12,750*$17)-(10,200*$17)
Direct labor efficiency variance=$216,750-$,173,400
Direct labor efficiency variance=$43,350 UnFavorable
Therefore Direct labor efficiency variance will be $43,350 UnFavorable
3. & 4. Computation for the variable overhead variance and fixed overhead variance.
Computation for VARIABLE OVERHEAD VARIANCE
First step is to calculate the Overhead cost applied using this formula
Let plug in the formula
Overhead cost applied=Predetermined overhead rate*Standard Direct Labor hour)
Overhead cost applied=$12*(5,100*2)
Overhead cost applied=$12*10,200
Overhead cost applied=$122,400
Now let calculate Variable overhead cost using this formula
Variable overhead cost=Overhead cost applied-Actual results
Let plug in the formula
Variable overhead cost=$122,400-$101,000
Variable overhead cost=$21,400 favourable
Therefore Variable overhead cost will be $21,400 Favourable
Computation for FIXED OVERHEAD VARIANCE
First step is to calculate the overhead cost applied using this formula
Overhead cost applied=Predetermined overhead rate*Standard DL hour)
Overhead cost applied=$6*(5,100*2)
Overhead cost applied=$6*10,200
Overhead cost applied=$61,200
Now let calculate Fixed overhead cost using this formula
Fixed overhead cost=Predetermined overhead rate*Standard Direct Labor hour)
Let plug in the formula
Fixed overhead cost=$61,200-&68,000
Fixed overhead cost=$6,800 Unfavorable
Therefore Fixed overhead cost will be $6,800 Unfavorable
if the government wants to maintain the same growth trajectory what should they do?
Answer: Government should employ a neutral policy
Explanation:
It should be noted that applying a monetary policy is typically used to raise or lower the money supply in an economy and this will in turn affect the economic growth of such economy.
Also, using a contractionary or expensionary policy also either raises or lowers economic growth depending on what yeh government wants to achieve. Therefore, in order to maintain the same growth trajectory, the government should use a neutral policy.
For Year 2 Daisy Corporation reported net income of $60; net sales $800; and average shares outstanding 6. There were no preferred stock dividends. What were the Year 2 earnings per share for Daisy
Answer:
$10
Explanation:
Daisy corporation reported a net income of $60
Net sales of $800
Average shares outstanding of 6
Therefore the earnings per share of Daisy corpora tion on year 2 can be calculated as follows.
= net income/Average shares outstanding
= $60/6
= $10
Why do most analysts assume that payroll taxes in the United States are borne by workers rather than by employers?
Answer:
Most analysts assume that payroll taxes in the United States are borne by workers rather than by employers as a result of the determining conditions/ factors.
Such factors include the relative elasticities. The one who is least able to find a substitute or the least flexibility will be the one to bear the burden of a tax.
This is why the party bearing the burden of the tax isn’t fixed.
Mr. Jagger is purchasing a $3,000,000 home by borrowing 80% of the purchase price. His loan terms are: 15 years amortization, monthly payments, 5.00% annual interest rate. The monthly payment will be: a. $18,979.05 b. $18,599.47 c. $18,409.68 d. $19,358.63 3.488 points
Answer:
Monthly payment= $18,979.05
Explanation:
Giving the following information:
Loan (PV)= 3,000,000*0.8= $2,400,000
Monthly interest rate (i)= 0.05/12= 0.00416667
Number of periods (n)= 15*12= 180 months
To calculate the monthly payment, we need to use the following formula:
Monthly payment= (PV*i) / [1 - (1+i)^(-n)]
Monthly payment= (2,400,000*0.00416667) / [1 - (1.00416667^-180)]
Monthly payment= $18,979.05
Which of the following reflects the order of operations when the Fed buys bonds on the open market?a. Money supply increases, interest rates decrease, investment spending increases, AS shifts right.b. Money supply decreases, interest rates increase, investment spending decreases, AD shifts left.c. Money supply increases, interest rates increase, investment spending increases, AD shifts right.d. Money supply decreases, interest rates increase, investment spending decreases, AS shifts left.e. Money supply increases, interest rates decrease, investment spending increases, AD shifts right.
Answer:
Reflection of order of operations when the Fed buys bonds on the open market:
a. Money supply increases, interest rates decrease, investment spending increases, AS shifts right.
Explanation:
When the Federal Reserve buys bonds on the open market, the action increases the money supply in the banks. This allows banks to increase loans, and investors will increase investments. It also increases the price of government securities and effectively reduces their interest rates, thereby decreasing the overall interest rates while promoting investments.
There is no such thing as too many clients.
O True
O False
Answer:
False
Explanation:
Answer above me is incorrect. I took the quiz.
A contact center manager is looking for ways to overall cost per case.
What Salesforce metrics should the contact center manager evaluate? (Choose 2)
A. Average number of activities per case
B. Average number of articles attached to a case
C. Total number of cases by origin
D. Average customer satisfaction score by case
An average number of activities per case and a Total number of cases by origin Salesforce metrics should the contact center manager evaluate. Therefore option A and C is correct.
A cost is a sum of money that was used during the production or delivery of a service or item that is therefore no longer accessible for use. In the case of an asset value, the money spent on the acquisition is considered the cost. In this instance,
Money is the input used to obtain the item. This acquisition cost may include both additional transaction expenses incurred by the acquirer over and beyond the price given to the producer, as well as the manufacturing costs as borne by the original producer. Typically, there is a profit margin added to the price over the cost of manufacturing.
Cost is a measure that adds up as a result of a procedure or as a difference in the outcome of a decision, to put it more broadly in the context of economics. Cost is hence the metric employed in the common modeling paradigm for economic processes.
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Ethos is the Greek word for
O profit
O logic
O character
O authority
Answer:
The correct answer is character
What is the margin of safety (in sales) when a business has sales of $485,000, sales of $225,000 at break-even point, and unit selling price of $55
Answer:
Margin of safety= $260,000
Explanation:
Giving the following information:
Sales= $485,000
Break-even point in dollars= $225,000
To calculate the break-even point in sales dollars, we need to use the following formula:
Margin of safety= (current sales level - break-even point)
Margin of safety= 485,000 - 225,000
Margin of safety= $260,000
Dorsett Corporation's income tax return for Year 8 shows deductions exceeding gross income by $56,800. Included in the tax return are the following items: Net operating loss deduction (carryover from Year 7) $15,000 Dividends received deduction 6,800 What is Dorsett's net operating loss for Year 8
Answer:
Dorsett's net operating loss for Year 8 is $41,800.
Explanation:
From the question, we have:
Amount by which deductions exceeding gross income = $56,800
Net operating loss deduction (carryover from Year 7) = $15,000
Dividends received deduction = $6,800
In order to calculate Dorsett's net operating loss for Year 8, the dividends received deduction of $6,800 has to be fully allowed but the net operating loss deduction (carryover from Year 7) of $15,000 wouldn't be not allowed.
Therefore, we have:
Dorsett's net operating loss for Year 8 = Amount by which deductions exceeding gross income - Net operating loss deduction (carryover from Year 7) = $56,800 - $15,000 = $41,800
A purchase of a pair of Italian designer jeans by a resident of Brazil would be considered an when counting GDP in Brazil. As a result, this purchase would be Brazilian GDP. A purchase of a bathing suit made in Brazil and sold in Canada would be considered an for Brazilian GDP, which would be Brazilian GDP:_________
Answer:
A purchase of a pair of Italian designer jeans by a resident of Brazil would be considered an import when counting GDP in Brazil. As a result, this purchase would be deducted from Brazilian GDP. A purchase of a bathing suit made in Brazil and sold in Canada would be considered an export for Brazilian GDP, which would be added to Brazilian GDP.
Explanation:
Note: This question is not complete as the gaps in its ared omitted. The complete question is therefore provided before answering the question as follows:
A purchase of a pair of Italian designer jeans by a resident of Brazil would be considered an when counting GDP in Brazil. As a result, this purchase would be Brazilian GDP. A purchase of a bathing suit made in Brazil and sold in Canada would be considered an for Brazilian GDP, which would be Brazilian GDP.
The explanation of the answer is now provided as follows:
In economics, the GDP of a country can be measured using the expenditure approach using the following formula:
GDP = C + G + I + (X - M) ......................... (1)
Where;
GDP = gross domestic product
C = consumption
G = government spending
I = Investment
X = exports
M = Imports
From equation (1), it can be seen that exports are added to the GDP of the country while imports are deducted from its GDP.
Therefore, a purchase of a pair of Italian designer jeans by a resident of Brazil would be considered an import when counting GDP in Brazil. As a result, this purchase would be deducted from Brazilian GDP. A purchase of a bathing suit made in Brazil and sold in Canada would be considered an export for Brazilian GDP, which would be added to Brazilian GDP.
Marshall suffered economic loss due to a qualified disaster. He took a distribution from his 401(k) and received the funds on January 5, 2020. Which statement is TRUE?
a) Marshall may not deposit any portion of the funds to his IRA, because hardship distributions are not eligible for rollover
b) Marshall will pay a 10% early distribution penalty on any portion of the funds that are subject to tax
c) The distribution will be taxed over a three-year period, unless Marshall chooses to include the full amount on his 2020
d) Marshall may recontribute any portion of the distribution into the original 401(k) before January 5, 2024 return
e) Mark for follow up
Answer:
The true statement is:
b) Marshall will pay a 10% early distribution penalty on any portion of the funds that are subject to tax.
Explanation:
Early withdrawal from the IRA funds is not allowed. When it is allowed because of the economic loss Marshall suffered due to a qualified disaster, the 401(k) will be allowed a hardship withdrawal, which is a taxable event. He will also incur a mandatory withholding tax on the withdrawn amount that may be up to 20%, depending on his adjusted gross income for the year. Assuming that Marshall is under 55 years, he would incur 10% penalty.
You are reviewing your client's bank feed. She has several expense transactions
for the local gas station that are correctly categorized.
Go to the For Review tab in the Banking Center
Select the multiple gas transactions_____________________________
What step completes the process for adding all of these transactions to the bankfeed at the same time?
A. Add
B. Accept
C. Exclude
D. Update
Answer:
The step that completes the process for adding all of these transactions to the bank feed at the same time is:
D. Update.
Explanation:
Applying the 'update' option will ensure that all transactions are processed immediately without issuing separate instructions. 'Update' brings the records to the latest correct version, which also takes into account all considerations and events. It can add or subtract gas transaction data, taking in the latest and all available transactions.
Which of the following are requirements for a valid power of attorney to be accepted and used in conjunction with the offering of financial products in an H&R Block office?
A.) The Power of Attorney must include the name of the Principal and Agent.
B.) Proper identification must be obtained for the Principal and Agent.
C.) Both the Principal and Agent must be the legal age of majority.
D.) The Power of Attorney must meet the requirements of state law where written.
E.) All of the above.
Answer: E.) All of the above.
Explanation:
For the power of Attorney to be valid it needs to include certain things such as the names of both the Principal and the Agent who is to obtain the power. Both the principal and the agent must be properly identified as well.
They should also both be of a legal age of majority in the state where the agreement is being written. Finally, the Power of Attorney must not break any State law as relates to it in the state it was drafted.
It should be noted that the requirements for a valid power of attorney to be accepted and used in conjunction with the offering of financial products in an H&R Block office are;
The Power of Attorney must include the name of the Principal and Agent.Proper identification must be obtained for the Principal and Agent. Both the Principal and Agent must be the legal age of majority.The Power of Attorney must meet the requirements of state law where written.According to the given question, we are to discuss the requirements for a valid power of attorney to be accepted and how it works.
As a result of this we can see that Power of Attorney must include the name of the Principal and Agent and Principal as well as the Agent needs to have legal age of majority.
Therefore, all of the options are correct because, Power of Attorney must include the name of the Principal and Agent.
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Jimmy has $167,933 accumulated in a 401K plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place at the end of each year starting a year from now. How soon will the fund be exhausted if Jimmy withdrawals $31,000 each year
Answer:
6 years
Explanation:
Rate = 3%
PMT = 31,000
PV = -167,933
FV = 0
Using the MS Excel Nper function
How soon the fund will be exhausted = Nper(Rate, PMT, -PV, FV)
= Nper (3%, 31,000, -167,933, 0)
= 6.0000255
= 6 years
Thus, it will take 6 years for the fund to be exhausted
Select the statement that correctly explains the relationship between interest rates and present or future value.
a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.
b. The interest rate and the present value of an investment are directly related.
c. Assuming other variables stay the same, if the interest rate increases, the future value of an investment decreases.
d. Assuming other variables stay the same, if the interest rate decreases, the present value of an investment decreases.
Answer:
a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.
Explanation:
As the Interest rate increases, the Future Cash Flows have to be discounted back by large amounts of interest this gives a smaller Present Value.
Therefore,
The correct relationship is a. Assuming other variables stay the same, if the interest rate increases, the present value of an investment decreases.
What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 30, 2017, and (b) September 24, 2016
Answer:
Note: Missing question but the full question is attached as picture below
The Cash dividends paid to common stockholders can be obtained the financing activities section of the Consolidated statement of cash flows tagged (Payments of dividends and dividends equivalents)
Cash dividend paid
Common stock issued and outstanding Cash dividends
(a) September 30, 2017 $12,769,000,000
(b) September 24, 2016 $12,150,000,000
On January 1, 2020, Sandhill Co., a calendar-year company, issued $1044000 of notes payable, of which $261000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is:
Answer:
Current liabilities, $261,000; Long-term Debt $783,000
Explanation:
Based on the information given we were told that the company issued the amount of $1044000 of notes payable in which the amount of $261000 was due on January 1 for each of the next 4 years based on this the proper balance sheet presentation on December 31, 2020 will be:
Current liabilities $261,000
Long-term Debt $783,000
($1044000-$261000)
Therefore The proper balance sheet presentation on December 31, 2020, is:Current liabilities, $261,000; Long-term Debt $783,000
If you want your employees to resolve conflict cooperatively, what type of norms would you try to influence or create?
Answer: Agreeable conflict management norm
Explanation:
Based on the forms of different norms that we have in resolving conflict, we should note that:
The active norm is an open manner of resolving conflict; the passive norm avoids the conflict as the conflict will be addressed while the agreeable norm is a cooperative way of resolving of conflict.
Therefore, the answer will be Agreeable conflict management norm.
A single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year. If the T-bill rate is 4%, what should the futures price be
Answer: $260
Explanation:
From the question, we are informed that a single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year and that the T-bill rate is 4%.
The futures price would be:
= Current price (1 + 4%)^1
= $250 (1 + 0.04)
= $250 × 1.04
= $260
Why do you think consumers are given rights by law? Have you ever been in a situation and used these consumer rights, or know someone who has? For example, have you ever bought a product that was defective?
Why do you think consumers are given rights by law? ? I think consumers are given rights by law because it helps minimize things. Also, gives rules and regulations, that are reasonable and reliable. Have you ever been in a situation and used these consumer rights, or know someone who has? Yes, I know someone who has and has been in that situation. For example, have you ever bought a product that was defective? Yes, I've bought a product that was defective, I actually do that a lot, so often.
Aisha wants to buy a house. The seller has asked for $500,000 and seems eager to sell. The house has been on the market for some time. Which of these opening offers do you think will lead to the lowest selling price
Could you tell me the answer choices, please? I can't help without them
A company makes $1 million in after-tax profits for the year. It spends the entire amount on new equipment. Which of the following is true?
a. Its leverage ratio at the end of the year is higher than it was one year before
b. Its retained earnings for the year equal zero.
c. Its book value at the end of the year is $1 million greater than that of one year before.
d. Its book value at the end of the year is the same as that of one year before.
Answer:
c. Its book value at the end of the year is $1 million greater than that of one year before.
Explanation:
When the entire retained earnings of $1 million are spent on buying the equipment, then company's assets will rise by $1 million and similarly, its equity will also rise by $1 million. So, Company' s book value at the end of the year will be $1 million greater than that of one year before.
The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $26,000 per year forever. If the required return on this investment is 5.3 percent, how much will you pay for the policy
Answer:
$490,566.04
Explanation:
Calculation for how much will you pay for the policy
Using this formula
Present value of perpetuity= Investment policy Annual inflows/ Required rate of return
Let plug in the formula
Present value of perpetuity=$26,000/0.053
Present value of perpetuity=$490,566.04
Therefore the amount that you will pay for the policy is $490,566.04
Suppose a company earns a profit this year and has a dividend payout ratio of one half. What does this mean?
a. it will have no retained earnings
b. Its book value at the beginning of next year will be less than that of this year
c. It will not pay out all its earnings as dividends
d. All the above
Answer:
C
Explanation:
The dividend payout ratio is the ratio of dividends paid to shareholders in proportion to net income
Payout ratio = dividends / net income
If dividend payout ratio of one half, it means that only half of net income is paid as dividends