"The following per unit cost information is available: direct materials $10, direct labor $4, variable manufacturing overhead $3, fixed manufacturing overhead $10, variable selling and administrative expenses $1, and fixed selling and administrative expenses $8. Using a 25% markup percentage on total per unit cost, compute the target selling price."

Answers

Answer 1

Answer:

The target selling price =$45  

Explanation:

The target selling price is the sum of the total unit cost plus 25% of the the unit cost

The target selling price = Total per unit cost + (25% × total unit cost)

The total unit cost is the sum of all the costs involved making the product available to the consumer.

The sum of direct material cost , labour cost variable manufacturing, fixed manufacturing overhead, variable selling and administrative expenses and fixed selling and administrative expenses.

The target selling price would be determined using te steps below:

Step 1: Calculate the unit cost

Total unit cost = 10 + 4 + 3 + 10 + 1 + 8 = 36  

Total unit cost = $36

Step 2: Calculate the target selling price

Target selling price = Unit cost + (25%× unit cost)

The target selling price = 36 + (25% × 36) = $45  

The target selling price =$45  


Related Questions

Smith & Smith has a bond rating of B and an Altman s Z-score of 1.0. This suggests that:

Answers

Answer:

"The firm has high credit risk" is the correct answer.

Explanation:

A Z-Score exceeding 2.99 indicates an organization becomes focused mostly on the economic projections throughout the safe space. Throughout the Grey Zone, a Z-Score among 1.8 as well as 2.99 means that there is indeed a reasonable possibility that the business will go bankrupt throughout the next 2 years. In the meantime, mostly in Distress Zone, just one Z-Score under 1.80 suggests a high likelihood of discomfort during this timeframe.

Consider the following information for Dave Company for the month of May: Direct materials (DM) purchased and used 86,000 gallons Total quantity of DM budgeted to be used in May production 81,400 gallons Actual cost of DM purchased and used in May $230,200 Unfavorable DM quantity variance $12,880 What is the DM price variance in May

Answers

Answer:

Direct material price variance = $ 10,600  favourable

Explanation:

The Direct material quantity variance($) = Direct material qty variance × standard price

Standard price  = Direct material quantity variance ($)/Direct material quantity variance in units

Direct material quantity variance in units= 86,000 - 81,400 = 4,600

Standard price  = $12,880/4,600 units = $2.8

Direct material price variance occurs when the actual quantity of materials are purchased at an actual price per unit higher or lower than the standard price.

Direct material price variance                                                    $

86,000 gallons should have cost (86,000× $2.8) =           240,800

But did cost                                                                            230,200

Direct material price variance                                               10,600  favourable

Direct material price variance = $ 10,600  favourable                                    

Zarina Corp. signed a new installment note on January 1, 2018, and deposited the proceeds of $15,000 in its bank account. The note has a two-year term, compounds 4 percent interest annually, and requires an annual installment payment on December 31. Zarina Corp.
Required:
1. Use an online application, such as the loan calculator with annual payments at mycalculators.com, to generate an amortization schedule. Enter that information into an amortization schedule with the following headings: Year, Beginning Notes Payable, Interest Expense, Repaid Principal on Notes Payable, and Ending Notes Payable.
2. Prepare the journal entry on January 1, 2018, the adjusting journal entry to accrue interest on March 31, 2018. Assuming the journal entry from requirement 3 also is recorded on June 30, September 30, and December 31, 2018, prepare the journal entry to record the first annual installment payment on December 31, 2018.
3. Calculate the amount of interest expense that should be accrued for the quarter ended March 31, 2019.

Answers

Answer:

1)

the annual installment = $7,952.94

total Interest paid = $905.88

Year     Beginning            Interest           Repaid            Ending

            Notes Payable     Expense         Principal         Notes Payable

1            $15,000               $600               $7,352.94      $7,647.06

2           $7,647.06           $305.88           $7,647.06      $0

2)

March 31, 2018, accrued interests on notes payable

Dr Interest expense 150

    Cr Interest payable 150

June 30, 2018, accrued interests on notes payable

Dr Interest expense 150

    Cr Interest payable 150

September 30, 2018, accrued interests on notes payable

Dr Interest expense 150

    Cr Interest payable 150

December 31, 2018, accrued interests on notes payable

Dr Interest expense 150

    Cr Interest payable 150

December 31, 2018, first installment on notes payable

Dr Notes payable 7,352.94

Dr Interest payable 600

    Cr Cash 7,952.94

3)

March 31, 2019, accrued interests on notes payable

Dr Interest expense 76.47

    Cr Interest payable 76.47

1. The Amortization schedule is:

Year  Beginning Notes Interest expense   Repaid Principle  Ending notes

                    Payable                                      on notes payable    Payable

2018           15,000                     600                    7,353                     7,647

2019            7,647                      306                     7,647                       0

                                             

The annual payment is an annuity and can be found as:

Loan= Annuity x Present value interest factor of annuity, 4%, 2 years

15,000 = Annuity x 1.886

Annuity = 15,000 / 1.886

= $7,953

Principal repaid in first year = Amount paid - interest

= 7,953 - (15,000 x 4%)

=  7,953 - 600

= $7,353

Principal repaid in second year

= 7,953 - (4% x 7,647)

= $7,647

2.

Date                Account title                                      Debit                 Credit

Jan 1, 2018      Cash                                               $15,000

                       Notes Payable                                                          $15,000

Date                     Account title                                      Debit              Credit

March 31, 2018     Interest expense                             $150

                             Interest payable                                                        $150

Working:

= Loan amount x Rate x period of loan so far

= 15,000 x 4% x 3/ 12 months

= $150

Date                Account title                                      Debit                 Credit

Dec 1, 2018    Interest payable                                $600

                       Notes payable                                  $7,353

                        Cash                                                                          $7,953

3. Interest accrued March 31,2019:

= Loan amount in second year x 4% x 3/12 months

= 7,647 x 4% x 3/12

= $76

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A state has strict laws stating that all employees, including part-time workers, must be compensated with employer-provided health benefits. Which of the following could result from this legislation?
1. More workers will be hired "informally" and be paid surreptitiously in cash.
2. Wages will decrease.
3. Unemployment will increase.
4. Any of the above could result from the legislation.

Answers

Answer: Any of the above could result from the legislation

Explanation:

From the question, we are informed that a state has strict laws stating that all employees, including part-time workers, must be compensated with employer-provided health benefits.

The likely effect of this law is that there will be a reduction on wages as employer's will try as much as possible to reducce cost incurred due to the health related compensation. Also, unemployment will increase and more workers will be hired "informally" and be paid surreptitiously in cash. This is because the cost of the employers will increase and they may need to lay some workers off.

According to the adaptive expectations theory, you are likely to underestimate inflation when the price level is increasing at a_____________ rate and to overestimate inflation when price level is increasing at a___________rate.
a. Increasing
b. Decreasing
c. Constant

Answers

Answer: increasing

Explanation:

Adaptive expectations hypothesis is a theory which states that economic agents such as the individuals, firms and the government will look at past events and experiences to make adjustments on future expectations.

According to the theory, one is likely to underestimate inflation when the price level is increasing at an increasing rate and to overestimate inflation when price level is increasing at an increasing rate.

What is the yield to maturity of a​ one-year, risk-free,​ zero-coupon bond with a $ 10 comma 000 face value and a price of $ 9 comma 800 when​ released?

Answers

Answer:

2.04%

Explanation:

yield to maturity of a zero coupon bond = (face value / market value)¹/ⁿ - 1

YTM = ($10,000 / $9,800)¹/¹ - 1 = 0.0204 = 2.04%

The yield to maturity is the expected return (yield) that a bondholder should receive after holding the bond until maturity. Generally risk free bonds have a very low YTM, and as risk increases, so does the bond's yield.

The management team of Wickersham Brothers Inc. is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized.
Current Year Prior Year
Balance Sheet
Assets
Cash $ 78,900 $ 99,300
Accounts Receivable 108,000 94,500
Merchandise Inventory 81,000 87,750
Property and Equipment 152,000 81,000
Less:
Accumulated Depreciation (43,280) (22,000)
Total Assets $ 376,620 $ 340,550
Liabilities:
Accounts Payable $ 13,500 $ 16,200
Salaries and Wages Payable 2,700 1,350
Notes Payable, Long-Term 67,500 81,000
Stockholders’ Equity:
Common Stock 128,000 108,000
Retained Earnings 164,920 134,000
Total Liabilities and Stockholders’ Equity $ 376,620 $ 340,550
Current Year
Income Statement
Sales $ 340,000
Cost of Goods Sold 180,000
Depreciation Expense 21,280
Other Expenses 85,000
Net income $ 53,720
Other information from the company’s records includes the following:
1. Bought equipment for cash, $71,000.
2. Paid $13,500 on long-term note payable.
3. Issued new shares of common stock for $20,000 cash.
4. Cash dividends of $22,800 were declared and paid to stockholders.
5. Accounts Payable arose from inventory purchases on credit.
6. Income Tax Expense ($4,000) and Interest Expense ($3,000) were paid in full at the end of both years and are included in Other Expenses.
Required:
Prepare a schedule summarizing operating, investing, and financing cash flows using the T-account approach.

Answers

Answer:

A Schedule Summarizing Operating, Investing, and Financing Cash Flows, using the T-account approach:

                              Operating        Investing         Financing

                         Debit  Credit     Debit    Credit    Debit   Credit

1. Equipment                                          $71,000

2. Note Payable                                                              $13,500

3. Common Stock                                              $20,000

4. Cash Dividends                                                         $22,800

5. Accounts Payable          $2,700

6. Income Tax Expense    $4,000

7. Interest Expense                                                        $3,000

8. Net Income        $53,720

9. Depreciation      $21,280

10. Tax & Interest    $7,000

11. Accts receivable               $13,500

12. Inventory                           $6,750

13. Salaries Payable   $1,350

Total inflows/

outflows                 $83,350 ($26,950)  ($71,000) $20,000 ($39,300)

Net cash from              $56,400              ($71,000)     ($19,300)

Operating activities       $56,400

Investment activities     ($71,000)

Financing activities       ($19,300)

Net cash flows             ($33,900)

Explanation:

a) Data and Calculations:

1.                                                           Current Year   Prior Year

Balance Sheet

Assets

Cash                                                    $ 78,900     $ 99,300

Accounts Receivable                           108,000        94,500

Merchandise Inventory                         81,000        87,750

Property and Equipment                   152,000        81,000

Less:

Accumulated Depreciation             (43,280)     (22,000)

Total Assets                                   $ 376,620  $ 340,550

Liabilities:

Accounts Payable                           $ 13,500     $ 16,200

Salaries and Wages Payable            2,700           1,350

Notes Payable, Long-Term              67,500         81,000

Stockholders’ Equity:

Common Stock                               128,000       108,000

Retained Earnings                          164,920       134,000

Total Liabilities &

Stockholders’ Equity $ 376,620   $ 340,550

2. Current Year  Income Statement

:

Sales                         $ 340,000

Cost of Goods Sold     180,000

Depreciation Expense  21,280

Other Expenses           85,000

Net income               $ 53,720

3. The Wickersham Brothers Inc.'s Statement of Cash Flows is one of the three main financial statements that the management of Wickersham Brothers Inc. must prepare and present to the stockholders of the company and the general public.  It details the Wickersham's cash flows under the operating activities, investing activities, and financing activities sections.

Q 11.26: The board of directors of Testa Incorporated has decided that they would like to declare a $400,000 cash dividend at some point in the near future. The company currently has Retained Earnings of $2,419,000 and a Cash balance of $827,000. They also have current liabilities totaling $436,000. What is missing in order for Testa to be able to pay a cash dividend

Answers

Answer: B. : a healthy cash reserve

Explanation:

For the company to be able to declare a Dividend, it's cash reserve needs to be healthy. For this to happen use the following formula;

Free cash balance = Available cash balance - Current Liabilities payable

= 827,000 - 436,000

= $391,000

After taking out the money that will be needed to pay the Current Liabilities, there would be an insufficient balance to pay off the Dividends of $400,000.

Their cash reserve is not healthy enough for the dividends to be declared.

The thing that is missing in order for Testa to be able to pay a cash dividend is a healthy cash reserve.

It should be noted that for the company to be able to declare a dividend, it's important that the cash reserve is healthy.

The free cash balance can be calculated as:

= Available cash balance - Current Liabilities payable

= $827,000 - $436,000

= $391,000

When the current liabilities are paid, there would be an insufficient balance to pay off the dividends of $400,000. Therefore, a healthy cash reserve is required.

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As illustrated by Textron Inc., when a firm uses the __________ structure hierarchy, the headquarters might rely on strategic controls to set rate-of-return targets and financial controls to monitor divisional performance relative to those targets and then allocate cash flow to the different divisions accordingly.

Answers

Answer:. Competitive

Explanation:

The competitive structure hierarchy is the most costky and also the most centralized form of multidivisional structure.

It should be noted that when this structure is used, the headquarters might rely on strategic controls to set rate-of-return targets and financial controls to monitor divisional performance relative to those targets and then allocate cash flow to the different divisions accordingly.

The Boxwood Company sells blankets for $ 35.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1.
Date Blankets Units Cost
May 03 Purchase 10 $26
10 Sale 5
17 Purchase 16 $27
20 Sale 4
23 Sale 3
30 Sale 9 $28
Assuming that the company uses the perpetual inventory system, determine the cost of merchandise sold for the sale of May 20 using the LIFO Inventory cost method.
a. $108.
b. $81.
c. $252.
d. $130.

Answers

Answer:

The cost of merchandise sold for the sale of May 20 using the LIFO Inventory cost method is a. $108.

Explanation:

LIFO (Last in First Out) assumes that the last goods purchased are the first ones to be issued to the final customer or requisitioning department.

Calculation of the cost of merchandise sold for the sale of May 20 using the LIFO :

Cost of merchandise sold = 4 units × $27

                                           = $108

Conclusion :

The cost of merchandise sold for the sale of May 20 using the LIFO Inventory cost method is a. $108.

The US Public Debt was $18.2 trillion in 2015. This was up from $16.4 trillion in 2012. In 2015, Foreign ownership was 34% of that total, or $6.1 trillion. Of this $6.1 trillion, China held 20%, Japan 18%, and oil exporting nations 5%.
1) How does the fact that 34% (and increasing) of the debt is held by foreigners make you feel?
2) What are potential risks or pitfalls with foreigners owning an increasing amount of the US Debt?
3) How concerned should we feel?

Answers

Answer:

1) The fact that 34% and increasing  of the debt of The US is held by Foreigners is worrisome

2) some of the pitfalls to this increasing debts owned by Foreigners includes : partial loss of the country sovereignty, devaluation of the dollar and difficulties in meeting repayment conditions

3 ) we as a Nation should feel very concerned and sort for other means of funding instead of accumulating foreign public debts .

Explanation:

Total debt owed in 2015 = $18.2 trillion

Total debt owed in 2012 = $ 16.4 trillion

increase in debt = $1.8 trillion percentage increase = 1.8 / 16.4 * 100 = 10.98%

1) The fact that 34% of the debt of The US is held by Foreigners is worrisome

2) some of the pitfalls to this increasing debts owned by Foreigners includes : partial loss of the country sovereignty, devaluation of the dollar and difficulties in meeting repayment conditions

3 ) we as a Nation should feel very concerned and sort for other means of funding instead of accumulating foreign public debts .

A "flat tax" on personal income, in which the same tax rate is applied to every dollar of income earned by each taxpayer, is an example of

Answers

Answer:

proportional tax

Explanation:

The description stated in the question is an example of a proportional tax. Like mentioned, this is a type of income tax system that enforces the same percentage tax rate to every single individual regardless of their overall income. This applies to low, middle, and high-income taxpayers. Therefore, if a low-income tax individual is charged 10% then the middle and high-income taxpayers will also be charged 10%.

Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations, Barnard Inc., manufactured 4,100 units and sold 3,500 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $1,085,000 Variable cost of goods sold: Variable cost of goods manufactured $610,900 Inventory, March 31 (89,400) Total variable cost of goods sold (521,500) Manufacturing margin $563,500 Total variable selling and administrative expenses (129,500) Contribution margin $434,000 Fixed costs: Fixed manufacturing costs $278,800 Fixed selling and administrative expenses 87,500 Total fixed costs (366,300) Operating income $67,700 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept. Variable costing $ Absorption costing $

Answers

Answer:

a.  $149.00

b.  $217.00

Explanation:

Variable Costing

Product Cost under Variable Costing = Variable Manufacturing Costs Only

Total Variable Manufacturing Cost = $610,900

Unit Cost = Total Cost / Units Manufactured

                = $610,900 / 4,100 units

                = $149.00

Variable Costing

Product Cost under Absorption Costing = Variable Manufacturing Costs + Fixed Manufacturing Costs.

Total Absorption Cost Calculation

Total Variable Manufacturing Cost  $610,900

Fixed manufacturing costs               $278,800

Total Absorption Cost                      $889,700

Unit Cost = Total Cost / Units Manufactured

                = $889,700 / 4,100 units

                = $217.00

Logan and Johnathan exchange land, and the exchange qualifies as like kind under § 1031. Because Logan's land (adjusted basis of $193,000) is worth $231,600 and Johnathan's land has a fair market value of $183,350, Johnathan also gives Logan cash of $48,250. a. Logan's recognized gain is $ . b. Assume that Johnathan's land is worth $208,440 and he gives Logan $23,160 cash. Logan's recognized gain is $ .

Answers

Answer:

a. Logan's recognized gain is $38,600

b. Logan's recognized gain is $23,160

Explanation:

a. If the worth of the land for Jonathan is $183,350, then the gain recognized by Logan would be;

the lower of the realized gain between the amount realized of $231,600 - adjusted basis of $193,000 = $38,600

or the fair market worth of the received boot i.e $48,250.

Therefore, Logan's recognized gain is $38,600

b. Suppose Jonathan's land is worth, $208,440, then we can calculate Logan's recognized gain to be ;

the lower of the realized gain I.e amount realized of $231,600 - adjusted basis $193,00 = $38,600

or the fair market value of the received boot I.e $23,160 .

Therefore, Logan's recognized gain is $23,160

Initially, the exchange rate between South Korean won and Tunisian dinar is in equilibrium. Then, there is a decrease in demand for Tunisian dinar. As a result of a decrease in demand for Tunisian dinar, what happens to South Korea's currency in relation to Tunisia's currency

Answers

Answer:

it appreciates

Explanation:

Exchange rate is the rate at which one currency is exchanged for another currency.

If the demand of the Tunisian dinar decreases, supply of the currency would exceed the demand for the currency. as a result of this, the value of the Tunisian dinar falls , it depreciates and the won appreciates.

However, the debt issues also raises the probability of bankruptcy. You company has a 30% chance of going bankrupt after 3 years. If it does go bankrupt, it will incur bankrupt costs of $200,000. Again, the discount rate is 10%. What is the expected cost of bankruptcy at the end of the third year? And what is the present value of this cost as of today? (Hint: if there is a 30%t chance of costing shareholders $200,000, what is the expected cost? And, it could only happen at the end of the third year.)

Answers

Answer:

Expected Cost = $60,000

Present Value of Expected Cost = $45,079

Explanation:

The chance that the bankruptcy will happen is 30% and the cost it will incur if it happens is $200,000. The expected cost is the probability of the event happening multiplied by the cost of the event happening.

Expected Cost = 200,000 * 0.3

= $60,000

The present value of this cost assuming a discount rate of 10% is;

= [tex]\frac{60,000}{(1 + 0.10)^{3} }[/tex]

= $45,078.89

= $45,079

g Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Compute the current price of the bonds if the percent yield to maturity is

Answers

Question:

Exodus Limousine Company has $1,000 par value bonds outstanding at 15 percent interest. The bonds will mature in 30 years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Compute the current price of the bonds if the percent yield to maturity is 10%

Note the tutor added 10% as the yield

Answer:

Price of bond= $1,471.35

Explanation:

The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate

Value of Bond = PV of interest + PV of RV

The value of bond  Exodus Limousine Company can be worked out as follows:

Step 1  

PV of interest payments

PV = A × (1+r)^(-n)/r

A-annul interest payment:

= 15% × 1,000 = 150

r-Annual yield = 10%  

n-Maturity period = 30

PV of interest payment:  

=150× (1- (1+0.1)^(-30)/0.1= 1,414.037

Step 2  

PV of Redemption Value

= 1000 × (1.1)^(-30) = 57.308

Step 3

Price of bond

=1,414.037 + 57.308 = 1,471.345

Price of bond= $1,471.345

Creative Solutions Company, a computer consulting firm, has decided to write off the $11,750 balance of an account owed by a customer, Wil Treadwell.
Journalize the entry to record the write-off, assuming that the direct write-off method is used.

Answers

Answer:

DR Bad Debts Expense $11,750

CR Accounts Receivable $11,750

(To record accounts receivable written off)

Explanation;

Direct method of writing off involves removing the bad debt directly from the Accounts Receivable account instead of using the Allowance for Doubtful debt account.

Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign ___________ in Argentina.

1. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries?

a. Protecting property rights and enforce contracts
b. Providing tax breaks and patents for firms that pursue research and development in health and sciences.
c. Increasing taxes on income from savings
d. Imposing restrictions on foreign ownership of domestic capital.

2. In less developed countries, what does the brain drain refer to?

a. The emigration of highly skilled workers to rich countries
b. Lower productivity due to a malnourished workforce
c. Rapid population growth that increases the burden on the educational system
d. Rapid population growth that lowers the stock of capital per worker

Answers

Answer:

Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign PORTFOLIO INVESTMENT in Argentina.

1. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries?

a. Protecting property rights and enforce contracts b. Providing tax breaks and patents for firms that pursue research and development in health and sciences.

Both A and B are essential for increasing economic growth. E.g. if Coke was not able to keep its formula secret in certain country, it will not engage in business there. Investment in R&D is essential for future economic growth.

2. In less developed countries, what does the brain drain refer to?

a. The emigration of highly skilled workers to rich countries

Brain drain refers to the immigration of highly skilled workers from poor countries into rich countries. E.g. a doctor moves from mexico to the US because he/she can earn a much higher salary. But at the same time, all the money and time spent educating the doctor is lost by Mexico and its economy.

Each of the following are types of________allocation methods: plantwide rate method, departmental overhead rate method and activity-based costing method.

Answers

______ = overhead

vote my answer the brainliest, please

Each of the following are types of Overheads allocation methods.

Types of overhead allocation method:

Factory overheads like rent, electricity or water could not be traced directly to a cost object. At the time of measuring the cost of a cost object these overheads are apportioned to departments they pass via for processing  or the actual job using an allocation method. The common methods for allocating overheads should be plant-wide rate method, departmental overhead rate method and activity-based costing method.

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Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 6,900 copies. The cost of one copy of the book is $13. The holding cost is based on an 15% annual rate, and production setup costs are $155 per setup. The equipment on which the book is produced has an annual production volume of 21,500 copies. Wilson has 250 working days per year, and the lead time for a production run is 15 days. Use the production lot size model to compute the following values:

a. Minimum cost production lot size
b. Number of production runs per year
c. Cycle time
d. Length of a production run
e. Maximum inventory
f. Total annual cost
g. Reorder point

Answers

Answer:

(a) 863.07 copies

(b) 7.99 runs per year

(c) 31.27 days

(d) 10.04 days

(e) 586.08 copies

(f) $1,810.61

(g) 414 copies

Explanation:

Given that ;

Annual demand (D) = 6,900 copies

Cost of the book (C) = $13

Holding cost (H) = 15% of cost of book

= 15% × $13

= $1.95

Set up cost (S) = $155

Annual production volume= 21,500 copies

Number of working days = 250

Lead time(L)= 15

Daily demand (d) = Annual demand ÷ Number of working days

= 6,900 ÷ 250

= 27.6 copies

Daily production (P) = Annual production ÷ Number of working days

= 21,500 ÷ 250

= 86 copies

(a) Minimum cost of production lot size

Q = √ 2×D×S/H × (1-d/p)

Q = √2×6,900×155/1.95 × (1-27.6/86)

Q = 863.07 copies

(b) Number of production runs

= Annual demand (D) ÷ Production quantity (Q)

= 6,900 ÷ 863.07

= 7.99 runs per year

(c) Cycle time = Production quantity (Q) ÷ Daily demand (D)

= 863.07 ÷ 27.6

= 31.27 days

(d) Length of a production run = Production quantity (Q) ÷ Daily production (P)

= 863.07 ÷ 86

= 10.04 days

(e) Maximum inventory (IMAX)

= Q × (1-d÷p)

= 863.07 × (1-27.6÷86)

= 586.08 copies.

(f) Total annual cost

= Annual holding cost + Annual set up cost

= [(Q÷2) × H × (1-d÷p)] + [(D÷Q) × S]

= [(863.07÷2)×1.95×(1-27.6÷86)] + [(6,900÷863.07)×155]

= 571.43 + 1,239.18

= $1,810.61

(g) Reorder point

= Daily demand × lead time

= 27.6 × 15

= 414 copies

3. Berkshire Hathaway A shares are trading at $120,000. What split ratio would it need to bring its stock price down to $50

Answers

You can divide to find the answer

Trendy Coats applies overhead based on labor hours. It has a predetermined overhead application or standard rate of $5.00/hour. If they had 1000 standard hours and an unfavorable variable overhead efficiency variance of $400 Unfavorable, how many actual hours were used?

Answers

Answer:

Actual quantity= 1,080 hours

Explanation:

Giving the following information:

Predetermined overhead application rate= $5.00/hour.

They had 1000 standard hours

Unfavorable variable overhead efficiency variance= $400

To calculate the number of actual hours incurred, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

-400 = (1,000 - AQ)*5

-400 - 5,000 = -5AQ

-5,400/5= -AQ

Actual quantity= 1,080 hours

Present value with periodic rates. Sam​ Hinds, a local​ dentist, is going to remodel the dental reception area and add two new workstations. He has contacted​ A-Dec, and the new equipment and cabinetry will cost ​$25 comma 000. The purchase will be financed with an interest rate of 10​% loan over 6 years. What will Sam have to pay for this equipment if the loan calls for semiannual payments ​(2 per​ year) and monthly payments ​(12 per​ year)? Compare the annual cash outflows of the two payments. Why does the monthly payment plan have less total cash outflow each​ year? What will Sam have to pay for this equipment if the loan calls for semiannual payments ​(2 per​ year)?

Answers

Answer:

What will Sam have to pay for this equipment if the loan calls for semiannual payments ​(2 per​ year)

$2,820.62

and monthly payments ​(12 per​ year)?

$531.13

Compare the annual cash outflows of the two payments.

total semiannual payments per year = $2,820.62 x 2 = $5,641.24total monthly payments per year = $531.13 x 12 = $6,373.56

Why does the monthly payment plan have less total cash outflow each​ year?

The monthly payment has a higher total cash outflow ($6,373.56 higher than $5,641.24), it is not lower. Since the compounding period is shorter, more interest is charged.

What will Sam have to pay for this equipment if the loan calls for semiannual payments ​(2 per​ year)?

$2,820.62 x 12 payments = $33,847.44 ($25,000 principal and $8,847.44 interests)

Explanation:

cabinet cost $25,000

interest rate 10%

we can use the present value of an annuity formula to determine the monthly payment:

present value = $25,000

PV annuity factor (5%, 12 periods) = 8.86325

payment = PV / annuity factor = $25,000 / 8.8633 = $2,820.62

present value = $25,000

PV annuity factor (0.8333%, 60 periods) = 47.06973

payment = PV / annuity factor = $25,000 / 47.06973 = $531.13

Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:

Hours
Wait time 12.5
Process time 1.6
Inspection time 0.8
Move time 4.2
Queue time 5.9

The delivery cycle time was:______

Answers

Answer:

Santoyo Corporation

Tracking Time to Fill Orders:

The delivery cycle time was 25 hours.

Explanation:

The delivery cycle time sums the time occasioned by the supply delay and the reordering delay before the goods reach the customer.  As an order is received by Santoyo Corporation there is usually a wait time of half a day or 12.5 hours.  The processing of the order consumes 1.6 hours.  Before delivery is made, the inspectors spend 0.8 hours or 48 minutes doing what they know best.  Then, freight takes 4.2 hours for the delivery van to reach the customer's warehouse.  At that point, another 5.9 hours are spent queueing for the receipt of the goods by the customer.

Signal mistakenly produced 1,450 defective cell phones. The phones cost $64 each to produce. A salvage company will buy the defective phones as they are for $32 each. It would cost Signal $82 per phone to rework the phones. If the phones are reworked, Signal could sell them for $148 each. Assume there is no opportunity cost associated with reworking the phones. Compute the incremental net income from reworking the phones.

Answers

Answer:

Incremental income from reworking the phone   is $49,300

Explanation:

                         Scrap              Rework

Sales                $46,400          $214,600

                        (32 * 1,450)      (148 * 1,450)

- Rework costs       0                   $118,900

                                                  (82 * 1,450)

Profit                 $46,400            $95,700

Incremental income from reworking the phone  

= $95,700 - $46,400

= $49,300

"All vice-presidents in the company drive a Mercedes. Since Eric is a vice-president, he must also drive a Mercedes." This argument is best considered

Answers

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Inductive

b) Deductive

And the correct answer is the option B: Deductive.

Explanation:

To begin with, the term of "Deductive Reasoning", in the logic field, refers to the process that involves the reasoning from one or more statements (that are called premises) with the main purpose of reaching to a conclusion that is drawn from those premises in first place. So therefore that the arguement is best considered to be a deductive one due to the fact that the conclusion of Eric driving a Mercedes because is a vice-president and all the other vice-presidents do it is logically deducted from those facts (premises).

The Revenue Reconciliation Act of 1993 modified the 1986 passive loss restrictions by allowing individuals who materially participate in rental real estate to deduct rental losses from other income. To qualify, how much time must a person devote to personal services to real property trades or business during a tax year

Answers

Answer:

The answer is "50%"

Explanation:

Modify the state budget Act of 1974 to boost the FY in 1994 and 1995. It is the maximum federal debt quantity and also to set these other quantities for FY 1996 to 1998. Repudiates in the 1994 and 1995 boundaries on consumption spending.

In the Act of 1993, it modifies the 1986 active losses restrictions so, that it allowed rental damages from other revenues to also be deducted from persons who significantly participated such rental properties.  

The person may allocate 50% to his time towards services rendered throughout a tax year from the business.

The manager for a growing firm is considering the launch of a new product. If the product goes directly to market, there is a 40 percent chance of success. For $165,000, the manager can conduct a focus group that will increase the product’s chance of success to 55 percent. Alternatively, the manager has the option to pay a consulting firm $380,000 to research the market and refine the product. The consulting firm successfully launches new products 70 percent of the time. If the firm successfully launches the product, the payoff will be $1.80 million. If the product is a failure, the NPV is zero.
Calculate the NPV for each option available for the project. (Do not round intermediate calculations. Enter your answers in dollars, not millions of dollars, i.e. 1,234,567)
NPV
Go to market now $
Focus group $
Consulting firm $
Which action should the firm undertake?
A. Go to market now
B. Consulting firm
C. Focus group

Answers

Answer:

NPVs:

Go to market now  = $720,000Focus group   = $825,000Consulting firm  = $880,000

Which action should the firm undertake?

B. Consulting firm

Since the NPV of hiring a consulting firm is higher, then that option should be taken.

Explanation:

the expected values:

Go to market now  = 40% x $1.8 million = $720,000

Consulting firm   = 55% x $1.8 million = $990,000

Focus group  = 70% x $1.8 million = $1,260,000

the expected NPVs:

Go to market now  = $720,000

Consulting firm   = $990,000 - $165,000 = $825,000

Focus group  = $1,260,000 - $380,000 = $880,000

5.The real risk-free rate of interest is 2%. Inflation is expected to be 3.5% the next 2 years and 6% during the next 3 years after that. Assume that the maturity risk premium is zero. What is the yield on 3-year Treasury securities

Answers

Answer:

17.50%

Explanation:

The computation of the yield on 3 year treasury securities is shown below:

The Yield on 3 year is

= Risk free rate of return   +  Inflation premium + Market risk premium

= 2% + (3.5% + 6% + 6%) ÷ 3 years + 0

= 2% + 15.5% + 0

= 17.50%

Hence, the yield on 3 years is 17.50% by applying the above formulas by considering the given information

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