Answer:
wood
Explanation:
as wood is gotten from trees.When is finished we can cut down trees and get more wood hence it is renewable
The renewable resource is wood. The correct option is wood.
Renewable resources are natural resources that can be replenished over time, either through natural processes or human intervention. Wood is a renewable resource because trees can be replanted and regrown after they have been cut down for their timber. Sustainable forest management practices ensure that the rate at which trees are cut down does not exceed the rate at which they are regrown, allowing forests to recover and maintain their ecological balance.
In contrast, petroleum, iron, and coal are non-renewable resources. Petroleum and coal are fossil fuels, which are formed over millions of years from the remains of plants and animals. Once these resources are extracted and used, they cannot be replaced within a reasonable timeframe. Iron is a metal extracted from the Earth's crust through mining. Although it is abundant in the Earth's crust, it is also considered non-renewable because its extraction and use deplete the finite reserves of iron ore.
In conclusion, wood is the renewable resource among the options provided, as it can be replenished through sustainable forestry practices. Petroleum, iron, and coal are non-renewable resources, as their extraction and use deplete finite reserves that cannot be replaced within a reasonable timeframe. The correct option is wood.
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Arlington steel company is a producer of raw steel and steel-related products. on january 3, 2022, arlington enters into a firm commitment to purchase 10,000 tons of iron ore pellets from a supplier to satisfy spring production demands. the purchase is to be at a fixed price of $63 per ton on april 30, 2022. to protect against the risk of changes in the fair value of the commitment contract, arlington enters into a futures contract to sell 10,000 tons of iron ore on april 30 for $63/ton (the current price). the contract calls for net cash settlement, and the company must report changes in the fair values of its hedging instruments each quarter.
required:
on march 31, the price of iron ore fell to $61/ton, and then to $60/ton on april 30.
1. calculate the net cash settlement at april 30, 2022.
2. prepare the journal entries for the period january 3 to april 30, 2022, to record the firm commitment, necessary adjustments for changes in fair value, and settlement of the futures contract.
1. The net cash settlement on that day i.e., April 30, 2022 would be $30,000
2. The journal entry will be:
Accounts Payable $630,000
Loss on Futures Contract $30,000
Fair Value Adjustment $13,000
Cash $647,000
1. To calculate the net cash settlement on April 30, 2022, we need to consider the difference between the fixed price of $63 per ton and the actual market price on that day.
On March 31, 2022, the market price of iron ore was $61 per ton, which means that Arlington would have a gain of $2 per ton on their futures contract. However, as the futures contract is a net cash settlement, the gain would be settled in cash.
Therefore, the net cash settlement on April 30, 2022, would be:
($63 - $61) x 10,000 tons = $20,000
On April 30, 2022, the market price of iron ore fell further to $60 per ton, which means that Arlington would have a gain of $3 per ton on their futures contract. Therefore, the net cash settlement on that day would be:
($63 - $60) x 10,000 tons = $30,000
2. The journal entries to record the firm commitment, necessary adjustments for changes in fair value, and settlement of the futures contract are as follows:
January 3, 2022:
Accounts Payable (10,000 tons x $63/ton) $630,000
Commitment to purchase iron ore pellets
To record the firm commitment to purchase 10,000 tons of iron ore pellets at a fixed price of $63/ton on April 30, 2022.
March 31, 2022:
Loss on Futures Contract $20,000
Fair Value Adjustment $20,000
To record the fair value adjustment for the futures contract due to the decrease in the market price of iron ore to $61/ton on March 31, 2022.
April 30, 2022:
Accounts Payable $630,000
Loss on Futures Contract $30,000
Fair Value Adjustment $13,000
Cash $647,000
To record the settlement of the firm commitment to purchase 10,000 tons of iron ore pellets and the futures contract to sell 10,000 tons of iron ore. The loss on the futures contract is the difference between the fixed price and the actual market price on April 30, 2022, which is $3 per ton or $30,000 in total. The fair value adjustment is the difference between the fair value of the futures contract on April 30, 2022, and its fair value on March 31, 2022, which is $13,000. The cash amount of $647,000 represents the net cash settlement amount that Arlington pays to the supplier after receiving the cash settlement from the futures contract.
In summary, by entering into the futures contract, Arlington Steel Company was able to protect itself against changes in the fair value of its commitment to purchase iron ore pellets. The fair value adjustments and the settlement of the futures contract were properly recorded through journal entries, allowing for accurate reporting of the company's financial performance.
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1. What is the average annual return if someone invested 100% in bonds?
2. What is the average annual return if someone invested 100% in stocks?
3. Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% in bonds?
4. Your friend tells you he is going to start investing and would like to earn a 10% return. He says stocks make him nervous, so he will only be investing 10% in stocks and the remaining 90% will be invested in bonds. What would you say to him?
5. Use evidence from this graph to explain the value of investing in both stocks and bonds - not just one or the other.
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Need ASAP
According to the graph, the average annual return if someone invested 100% in bonds is 5.0%, and in stocks is 9.2%.
A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as stockholder or shareholder and liable for some dividend.
The graph illustrates that if you invest 100% in bonds, the average return is 5.0%, while the worst return is -2.1%. If you invest 100% in stocks, you may expect an average return of 9.2% but a worst-case return of -40.40%.
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Cream Company operates in three different industries, each of which is appropriately regarded as a reportable segment. Segment No. 1 contributed 60% of Cream Company's total sales. Sales for Segment No. 1 were $450,000 and traceable costs were $200,000. Total common costs for Cream were $300,000. Cream allocates common costs on the basis of the ratio of a segment's sales to total sales, an appropriate method of allocation. What should be the operating profit presented for Segment No. 1 for the year
The operating profit presented for Segment No. 1 for the year is $70,000.
The operating profit presented for Segment No. 1 for the year should be calculated by subtracting the traceable costs of $200,000 from the sales of $450,000 for a total of $250,000. This total, however, does not take into account any of the common costs for Cream Company which should be allocated to the reportable segment.
To determine the amount of common costs that should be allocated to Segment No. 1, the ratio of the segment's sales to total sales of the company should be calculated. In this case, since Segment No. 1 contributed 60% of Cream's total sales, 60% of the total common costs should be allocated to the segment.
In this case, that would be $180,000 (60% of the $300,000 total common costs). When this amount is subtracted from the $250,000 total, the operating profit presented for Segment No. 1 for the year is $70,000.
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In addition to brazil, russia, india, and china, identify three other emerging markets that make sense for international business growth. why?
In addition to Brazil, Russia, India, and China, the three other emerging markets that make sense for international business growth are Mexico, Indonesia, and Turkey.
Mexico has a large and growing population, a strategic location near the United States, and a diverse economy with strengths in manufacturing, energy, and agriculture. It also has a stable political climate and a growing middle class, making it an attractive market for consumer goods and services.
Indonesia is the fourth most populous country in the world, with a rapidly expanding middle class and a diverse economy driven by manufacturing, agriculture, and natural resources. It is also a member of the G20 and has made significant progress in reducing poverty and improving infrastructure.
Turkey is strategically located at the crossroads of Europe and Asia, with a young and growing population and a rapidly developing economy. It has strengths in manufacturing, tourism, and energy, and has made significant progress in improving its infrastructure and business environment.
Overall, these emerging markets offer significant opportunities for international business growth, with large and growing populations, diverse economies, and improving infrastructure and business environments.
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marconi company has the following information available for the current year: net sales$ 1,137,000 bad debt expense90,960 accounts receivable, beginning of year363,840 accounts receivable, end of year181,920 allowance for doubtful accounts, beginning of year63,672 allowance for doubtful accounts, end of year93,992 what was the amount of write-offs during the year?
The amount of write-offs during the year is$60,640.
From the question;
Net sales = $1,137,000
Bad Debt Expense = $90,960
Accounts receivable beginning of year = $363,840
Accounts receivable end of year = $181,920
Allowance for doubtful accounts, beginning of year = $63,672
Allowance for doubtful accounts, end of year = $93,992
Written off is an accounting term that refers to a reduction in the value of an asset or account. It is a form of loss that occurs when an asset or account is deemed to be uncollectible or no longer of value to the business.
In other words, the asset or account is written off as a bad debt, meaning that the business is no longer expecting to get any value out of it.
Amount written off = Beginning allowance for Doubtful accounts + Bad debts expense - Closing allowance for doubtful accounts
Substitute the value
Amount written off = 63,672 + 90,960 - 93,992
Amount written off = 60,640
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The steps of the program development life cycle start with.
The program development life cycle (PDLC) is a process that outlines the steps involved in creating software applications. The first step in the PDLC is the planning stage, where the goals and objectives of the program are identified. This includes determining the project scope, defining the target audience, and outlining the budget and timeline.
Once the planning stage is complete, the design phase begins. This involves creating the architecture of the program, including its user interface, database structure, and functionality. Developers then move to the implementation stage, where they write code and build the program. Testing and quality assurance are critical steps in the PDLC, ensuring that the program meets the standards of its intended audience. Once testing is complete, the program is ready for launch.
Finally, the maintenance phase involves ongoing updates and improvements to the program, including fixing bugs, adding new features, and optimizing performance. This phase is ongoing and continues for as long as the program is in use. In summary, the steps of the program development life cycle start with planning, followed by design, implementation, testing, launch, and maintenance. Each stage is critical to ensuring the success of the program and its ability to meet the needs of its intended audience.
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Suppose the growth rate of the firm's profit is 7 percent, the interest rate is 9 percent, and the current profits of the firm are $60 million. What is the value of the firm
With the growth rate of the firm's profit is 7 percent, the interest rate is 9 percent and the current profits of the firm are $60 million the value of the firm is $2.1 billion.
according to the Gordon Growth Model
V = D / (r - g)
Where:
V = Value of the firm
D = Current year's dividends
r = Required rate of return
g = Growth rate of dividends
The growth rate of dividends is the same as the growth rate of profits
Dividends = Profit x Dividend Payout Ratio
Dividend Payout Ratio = 1 - Retention Ratio
Assuming that the firm's current profits are $60 million, the dividend payout ratio is 70%, and that the retention ratio (the percentage of profits that are reinvested) is 30%.
Dividends = $60 million x 70% = $42 million
Using the Gordon Growth Model
V = $42 million / (9% - 7%) = $2.1 billion
Value of firm = $2.1 billion
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Differentiate between instruction and directives as types ofimperative sentences What is the function of definition inlanguage
The function of definition in language is to provide a clear and concise explanation of a word, phrase, or concept. This is done by stating the essential qualities or characteristics that make something what it is. A definition can help to establish a common understanding of a term and ensure that communication is clear and effective.
Differentiate between instruction and directives as types of imperative sentences:Imperative sentences are sentences that are used to give commands, instructions, or directives. They can be classified into two types: instruction and directives.Instruction sentences are used to give information about how to perform a task or carry out an action. They are usually accompanied by a sequence of steps or procedures that must be followed in order to achieve the desired outcome.
Directive sentences are used to give orders or commands to someone. They can be either positive or negative, depending on whether the speaker is telling someone to do something or not to do something. Directive sentences are often used in situations where there is a need for quick action or urgent attention to be paid to a particular matter.
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pepperdine reported net sales of $8,600 million, net income of $126 million and average accounts receivable of $890 million. its accounts receivable turnover is: multiple choice 37.8. 7.1. 68.3. 51.7. 9.7.
The accounts receivable turnover of Pepperdine is 9.7. Option E is correct.
The accounts receivable turnover ratio is a measure of how quickly a company collects cash from its customers. It is calculated by dividing the net sales by the average accounts receivable for a given period.
The accounts receivable turnover of Pepperdine can be calculated as:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Plugging in the values given in the question, we get:
Accounts Receivable Turnover = $8,600 million / $890 million
= 9.7
As a result, Pepperdine's accounts receivable turnover is 9.7.
It's important to note that the interpretation of the accounts receivable turnover ratio may vary depending on the industry and the company's specific circumstances. Option E is correct.
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which of the following describes a call option? group of answer choices a. the right to buy an asset for a certain price. b. the obligation to buy an asset for a certain price. c. the right to sell an asset for a certain price. d. the obligation to sell an asset for a certain price.
The right to buy an asset for a certain price describes a call option. So, correct option is A.
A call option is a type of financial contract that provides the holder with the right, but not the obligation, to purchase a specific underlying asset at a predetermined price, known as the strike price, before a specified expiration date.
The holder of the call option will only exercise the right to purchase the underlying asset if the market price of the asset is higher than the strike price.
In other words, a call option is an agreement between the buyer and seller that gives the buyer the option to buy an asset at a set price for a specified time.
Call options are commonly used in financial markets as a way to manage risk or speculate on the future price movement of an underlying asset. They are often used by investors to hedge against potential losses or to generate profit through price speculation.
So, correct option is A.
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Blossom inc. sells an irrigation system that cost $195,000 to mcgraw company for $375,000 on march 2, 2017. the sales price includes an installation fee. the standalone price of the installation fee is $69,000. the standalone price of the irrigation system is $342,000. the installation is considered a separate performance obligation and is expected to take 3 months to complete.
a) allocate blossom’s total selling price for the irrigation system and installation to the two performance obligations (delivery of the irrigation system and installation).
irrigation system: $______
installation: $_______
b) blossom delivered the irrigation system on march 14, 2017. the installation was completed on june 10, 2017. how much revenue should blossom recognize in the first quarter of 2017 related to its sale to mcgraw? how much revenue should blossom recognize in the second quarter?
first quarter second quarter
rev. $_________ $___________
Here is the answer for shared question:
a) To allocate Blossom's total selling price for the irrigation system and installation to the two performance obligations (delivery of the irrigation system and installation), we need to use the relative standalone selling price method. This involves determining the proportion of the total selling price that should be allocated to each performance obligation based on their standalone selling prices.
The standalone selling price of the irrigation system is $342,000 and the standalone selling price of the installation is $69,000. Therefore, the total standalone selling price is $411,000 ($342,000 + $69,000).
Using this information, we can calculate the allocation of the total selling price as follows:
Irrigation system: $342,000 / $411,000 x $375,000 = $312,195.12
Installation: $69,000 / $411,000 x $375,000 = $62,804.88
Therefore, the allocation of the total selling price for the irrigation system and installation is as follows:
Irrigation system: $312,195.12
Installation: $62,804.88
b) Blossom delivered the irrigation system on March 14, 2017. Since the installation is considered a separate performance obligation and was not completed until June 10, 2017, revenue should be recognized separately for the delivery of the irrigation system and the completion of the installation.
The revenue to be recognized in the first quarter of 2017 related to its sale to McGraw is the portion of the total selling price allocated to the irrigation system, which is $312,195.12.
The revenue to be recognized in the second quarter related to its sale to McGraw is the portion of the total selling price allocated to the installation, which is $62,804.88.
Therefore, the revenue to be recognized in the first quarter is $312,195.12, and the revenue to be recognized in the second quarter is $62,804.88.
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One year ago, you invested $1,800. Today it is worth $1,924. 62. What rate of interest did you earn?.
The rate of interest earned on the investment is approximately 6.92%.
To determine the rate of interest earned on an investment, we can use the formula for simple interest:
[tex]I = P * r * t[/tex]
Where I is the interest earned, P is the principal amount invested, r is the interest rate, and t is the time period.
In this case, the principal amount invested is $1,800, and the interest earned is $124.62 ($1,924.62 - $1,800). We also know that the time period is one year.
Substituting these values into the formula, we get:
[tex]124.62 = 1,800 * r * 1[/tex]
Solving for r, we get:
r = 124.62 / 1,800 = 0.06923
So the rate of interest earned on the investment is approximately 6.92%.
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what is effective delegation in the workplace?
Effective delegation in the workplace is the process of assigning tasks and responsibilities to the right people with the right skills, knowledge, and expertise to achieve organizational goals and objectives.
Delegation is the process of assigning authority and responsibility to someone else to complete a task or a project. Effective delegation involves selecting the right person for the job, clearly defining the task, providing support and resources, establishing clear expectations, and monitoring progress to ensure that the job is completed within the allotted time and budget.
Delegation is a key leadership skill that can improve efficiency, productivity, and employee satisfaction in the workplace.The benefits of effective delegation include increased productivity, improved morale, enhanced job satisfaction, better decision making, and improved teamwork.
However, effective delegation requires careful planning and communication to ensure that everyone is on the same page and working towards the same goals. Therefore, it is important for leaders to delegate effectively and empower their employees to achieve success.
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conduct focus groups to determine whether employees would prefer subsidized child care or on-site health facilities
In order to determine whether employees would prefer subsidized child care or on-site health facilities, conducting focus groups would be an effective method.
These focus groups could involve a diverse group of employees from various departments and levels within the company. By gathering feedback from employees, the company can determine which benefit would be most valued by their workforce. It's important to note that offering subsidized child care or on-site health facilities would likely have different impacts on the employees' work-life balance, productivity, and overall job satisfaction. Therefore, it's crucial to weigh the pros and cons of each option before making a decision.
Ultimately, the goal should be to provide benefits that meet the needs and preferences of the employees, as this can lead to a more engaged and motivated workforce.
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walkrun inc. is unlevered and has a value of $400 billion. an otherwise identical but levered firm finances 25% of its capital structure with debt at an 8% interest rate. no growth is expected. assume the corporate tax rate is 25%. use the mm model with corporate taxes to determine the value of the levered firm.
The value of the levered firm is $425 billion, which is higher than the value of the unlevered firm due to the tax shield provided by debt.
The MM model with corporate taxes suggests that the value of a levered firm is equal to the value of an unlevered firm plus the tax shield provided by debt.
In this case, we know that walkrun inc. is unlevered and has a value of $400 billion. The otherwise identical but levered firm finances 25% of its capital structure with debt at an 8% interest rate.
First, we need to calculate the tax shield provided by debt. The interest on the debt is tax deductible, so the tax shield is equal to the interest payment multiplied by the corporate tax rate. Therefore, the tax shield is 0.08 x 0.25 = 0.02.
Next, we can use the MM model to calculate the value of the levered firm. The formula is: Vl = Vu + TD, where Vl is the value of the levered firm, Vu is the value of the unlevered firm, T is the tax shield, and D is the amount of debt.
Plugging in the values, we get: Vl = 400 + (0.02 x 400 x 0.25/0.08) = 400 + 25 = $425 billion.
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What indigestible portion of food helps keep our digestive track working properly?.
The indigestible portion of food that helps keep our digestive tract working properly is called dietary fiber. Dietary fiber is a type of carbohydrate that cannot be broken down by the digestive enzymes in the small intestine.
Instead, it passes through the digestive tract relatively intact, providing bulk and promoting regularity.Dietary fiber is found in plant-based foods such as fruits, vegetables, whole grains, beans, and nuts. There are two types of dietary fiber: soluble and insoluble. Soluble fiber dissolves in water and forms a gel-like substance in the digestive tract, while insoluble fiber does not dissolve in water and adds bulk to the stool.
Fiber has several important health benefits, including promoting regular bowel movements, reducing the risk of constipation, and improving overall digestive health. It can also help regulate blood sugar levels, lower cholesterol levels, and reduce the risk of heart disease, stroke, and certain types of cancer. It is recommended that adults consume between 25-30 grams of fiber per day.
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Select any publicly listed Saudi Company that operates in GCC, and write a (minimum of 1500 word) report covering the following points:1. Analyze the political, economic, cultural and legal challenges the company currently faces in any of the country it operates (select one country in which the company operates for this analysis). (minimum words: 400, marks: 2.5).
Ma'aden faces several challenges in the UAE, including legal and cultural differences.
Write a report about the company that operates in GCC?Saudi Arabian Mining Company (Ma'aden) is a publicly listed company in Saudi Arabia that operates in the GCC region. The company operates in various countries, including the Kingdom of Saudi Arabia, Canada, and the United Arab Emirates.
The UAE's mining industry is relatively new and faces several challenges, including a lack of clear regulations and a fragmented legal framework. The UAE's mining industry is governed by federal law, but some mining regulations vary across the emirates, which can create confusion for companies like Ma'aden that operate across different emirates.
Another challenge for Ma'aden in the UAE is cultural differences, particularly in terms of labor practices. The UAE has a diverse workforce, including a significant number of expatriates, which can present challenges in terms of language and cultural barriers.
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Zhao company has fixed costs of $469,200. its single product sells for $193 per unit, and variable costs are $125 per unit. the company reports sales of 10,000 units. prepare a contribution margin income statement for the year ended december 31
The contribution margin of $680,000 covers the fixed costs of $469,200 and generates a net income of $210,800. This means that Zhao Company is profitable and has a positive contribution margin per unit, indicating that it is generating enough revenue to cover the variable costs and contribute to the fixed costs and profits.
To prepare a contribution margin income statement for Zhao Company, we need to calculate the contribution margin per unit and the total contribution margin for the year. We also need to deduct the fixed costs from the total contribution margin to determine the net income.
Firstly, let's calculate the contribution margin per unit:
Contribution Margin per unit = Sales price per unit - Variable cost per unit
Contribution Margin per unit = $193 - $125 = $68
Secondly, let's calculate the total contribution margin for the year:
Total Contribution Margin = Contribution Margin per unit x Number of units sold
Total Contribution Margin = $68 x 10,000 = $680,000
Now, we can prepare the contribution margin income statement for Zhao Company:
Zhao Company Contribution Margin Income Statement
For the Year Ended December 31
Sales revenue (10,000 units x $193 per unit) $1,930,000
Variable costs (10,000 units x $125 per unit) $1,250,000
Contribution margin $680,000
Fixed costs $469,200
Net Income $210,800
In conclusion, preparing a contribution margin income statement helps us understand the financial performance of a company by focusing on the contribution margin generated by its products. By analyzing the contribution margin, we can determine the profitability of the company and make informed decisions about its future operations.
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The seattle study found that, after implementation of the minimum wage, the average number of hours worked by low-wage workers fell by __________________, while the average wage of these workers rose by ________________. as a result, the average income of low-wage workers ______________ .
The Seattle study found that, after the implementation of the minimum wage, the average number of hours worked by low-wage workers fell by 9%, while the average wage of these workers rose by 3%. As a result, the average income of low-wage workers increased by 2%.
The study, which examined the effects of Seattle's minimum wage increase to $13 per hour in 2016, found that the overall impact on low-wage workers was mixed. While some workers saw an increase in pay due to the minimum wage increase, others saw a decrease in hours worked, which offset the wage gains.
It is important to note that the effects of minimum wage increases can vary depending on a variety of factors, including the size of the increase, the industry and location, and the overall state of the economy. Some studies have shown that minimum wage increases can help reduce poverty and increase worker productivity, while others have suggested that they can lead to job loss and reduced work hours.
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Wings Co. Budgeted $555,600 manufacturing direct wages, 2,315 direct labor hours, and had the following manufacturing overhead:
Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver
Materials handling $160,000 3,200 pounds Weight of materials
Machine setup 13,200 390 setups Number of setups
Machine repair 1,380 30,000 machine hours Machine hours
Inspections 10,560 160 inspections Number of inspections
Requirements for Job #971 which manufactured 4 units of product:
Direct labor 20 hours
Direct materials 130 pounds
Machine setup 30 setups
Machine hours 15,000 machine hours
Inspections 15 inspections
If Wings uses a volume-based overhead rate based on direct labor hours, the manufacturing overhead for Job #971 is:
a. $1,020.
b. $990.
c. $6,400.
d. $3,460.
e. $1,600.
Can you explain what volume based costing is? Is it another name for traditional costing? What are formulas I need to know for ABC and Volume based costing?
Volume-based costing, also known as traditional costing, is a costing method that assigns indirect costs to products based on a single volume-based cost driver, such as direct labor hours, machine hours, or direct material costs. It assumes that the volume-based cost driver is the main cause of the indirect costs incurred in production. The formula for volume-based overhead rate is:
Volume-based overhead rate = Total estimated manufacturing overhead cost ÷ Total estimated volume-based cost driver
On the other hand, activity-based costing (ABC) is a costing method that assigns indirect costs to products based on multiple cost drivers that represent the activities required to produce the products. It recognizes that different activities consume different resources and cost drivers, and thus, more accurately reflects the true costs of production. The formula for ABC overhead rate is:
ABC overhead rate = Total estimated cost of each activity ÷ Total estimated cost driver of each activity
To calculate the overhead cost for a specific job using volume-based costing, you need to first calculate the overhead rate using the total estimated manufacturing overhead cost and the total estimated volume-based cost driver. Then, you multiply the overhead rate by the actual volume-based cost driver for the specific job. In this case, the volume-based cost driver is direct labor hours. The formula is:
Overhead cost for a job = Volume-based overhead rate x Actual direct labor hours for the job
Using the data provided, the volume-based overhead rate is calculated as follows:
Total estimated manufacturing overhead cost = $160,000 + $13,200 + $1,380 + $10,560 = $185,140
Total estimated direct labor hours = 2,315
Volume-based overhead rate = $185,140 ÷ 2,315 = $79.96 per direct labor hour
To calculate the manufacturing overhead for Job #971, you multiply the actual direct labor hours for the job (20) by the overhead rate:
Manufacturing overhead for Job #971 = $79.96 per direct labor hour x 20 direct labor hours = $1,599.20
Therefore, the closest answer to the manufacturing overhead for Job #971 using volume-based costing is option e, $1,600.
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4 [Maximum mark: 13] Almira is considering two different savings schemes. Both schemes involve an initial investment of $1000 in an account In scheme A, at the end of each year $50 is added to the account. In scheme B, at the end of each year 4% compound interest is added to the account. A How much will be in Almira's account at the end of the fifth year after investment in i Scheme A ii Scheme B. Give your answer correct to two decimal places. B What annual compound interest rate would achieve the same outcome for Almira as investing in scheme A for five complete years? c Almira wants to invest for a complete years. For what values of n would Almira be better off investing in scheme B? d Almira estimates that there is 2. 5% depreciation each year. How long would Almira need to save in scheme B to use her savings to purchase something currently valued at $1400? [2] [3] 141
Therefore, Almira needs to save in Scheme B for approximately 11.55 years to use her savings to purchase something currently valued at $1400, assuming a 2.5% annual depreciation rate.
A.i) Scheme A: After 5 years, Almira will have a total of $1000 + ($50 x 5) = $1250 in her account.
ii) Scheme B: After 5 years, Almira will have a total of $1000 x (1 + 0.04)^5 = $1216.65 in her account.
B. To achieve the same outcome as Scheme A, we need to find the interest rate that would give an annual increase of $50 on an initial investment of $1000. Using the formula for compound interest:
$1000 x [tex](1 + r)^5[/tex] - $1000 = $50 x 5
Solving for r, we get:
r = 1.94%
Therefore, an annual compound interest rate of 1.94% would achieve the same outcome as investing in Scheme A for five complete years.
C. Almira would be better off investing in Scheme B if the total amount in the account at the end of n years is greater than $1250 (the total amount in Scheme A after 5 years). Using the formula for compound interest, we can set up the inequality:
$1000 x[tex](1 + 0.04)^n[/tex] > $1250
Solving for n, we get:
n > 5.67
Therefore, for values of n greater than 5.67, Almira would be better off investing in Scheme B.
D. We can use the formula for compound interest to find the length of time Almira needs to save in Scheme B:
$1000 x[tex](1 + 0.04)^n[/tex]= $1400
Solving for n, we get:
n = 11.55
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If you choose to display recommendations on your LinkedInprofile, you should generally limit the number to __________ perposition.Multiple Choiceone or twotwo or threethree or fourfour or five
If you choose to display recommendations on your LinkedIn profile, you should generally limit the number to one or two per position. This ensures that the recommendations are genuine and relevant to the position in question.
Recommendations on LinkedIn are statements written by LinkedIn users about another user's experience, skill, or proficiency. They are a vital element of a LinkedIn profile and provide social proof of your experience and abilities. A recommendation might be from a former manager, coworker, or someone else who knows you and your work. Recommendations are an excellent way to show your worth to prospective employers or clients, as they provide an unbiased third-party viewpoint.
The number of recommendations that should be displayed on a LinkedIn profile varies based on several factors, including the length of the work experience and the number of recommendations obtained. However, as stated earlier, it is usually advisable to limit the number of recommendations per position to one or two. If you have many recommendations, you can select the most relevant and powerful ones to highlight on your profile, rather than displaying all of them.
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Wilkins Food Products Inc. Acquired a packaging machine from Lawrence Specialists Corporation. Lawrence completed construction of the machine on January 1, 2019. In payment for the machine Wilkins issued a three-year installment note to be paid in three equal payments at the end of each year. The payments include interest at the rate of 15%. Lawrence made a conceptual error in preparing the amortization schedule, which Wilkins failed to discover until 2021. As a result of the error, Wilkins understated interest expense by $50,000 in 2019 and $45,000 in 2020.
Required:
a. Determine which accounts are incorrect as a result of these errors at January 1, 2018, before any adjustments. Explain your answer. (Ignore income taxes. )
b. Prepare a journal entry to correct the error.
c. What other step(s) would be taken in connection with the error?
Based on your question, I'll provide a concise answer regarding the accounting errors made by Wilkins Food Products Inc.
a. The accounts that are incorrect as a result of the errors in the amortization schedule at January 1, 2018, are Interest Expense, Interest Payable, and the carrying value of the Packaging Machine. The Interest Expense was understated by $50,000 in 2019 and $45,000 in 2020. Consequently, Interest Payable is also understated, as it represents the amount of interest owed but not yet paid. Lastly, the carrying value of the Packaging Machine is affected since the principal payments would have been calculated based on the incorrect interest amounts.
b. To correct the error, the following journal entry should be made:
Interest Expense 95,000
Interest Payable 95,000
This journal entry adjusts the Interest Expense and Interest Payable by the total understated amount from 2019 and 2020 ($50,000 + $45,000 = $95,000).
c. In connection with the error, Wilkins Food Products Inc. should also revise the amortization schedule to reflect the accurate interest rates and payments. This will ensure that future calculations of interest expense and principal payments are correct. Additionally, the company should review its internal controls to prevent similar errors from occurring in the future.
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product differentiation is the process that firms use to make a product more attractive to potential customers. for each firm listed below, select the way it differentiates its products. a. a library with only large-print books differentiates its products with . b. starbucks' many stores in the same area differentiates its products with . c. jaguar motors differentiates its products with
a. A library with only large-print books differentiates its products with a unique product feature (i.e. large-print books).
b. Starbucks' many stores in the same area differentiates its products with convenience and accessibility.
c. Jaguar Motors differentiates its products with a superior quality and luxurious design.
Product differentiation is a marketing tactic used by businesses to distinguish their goods or services from those of their rivals. It entails developing distinctive product features that set the product apart from rivals on the market, such as design, quality, performance, functionality, or branding. Companies can draw and keep customers who are willing to pay more for the distinctive features or advantages that their products offer by differentiating their products. Product differentiation can also give businesses a competitive edge by fostering customer loyalty to their brands.
Offering superior quality, a distinctive design, cutting-edge features, first-rate customer service, or lower prices are a few examples of product differentiation strategies.
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Suppose the mean rate of return on the common stocks in a large, diversified investment portfolio was 12% last year. If the rates of return of the stocks within the portfolio are approximately normally distributed and a rate of return of 15% represents the 80th percentile, what is the approximate standard deviation of the rates of return in the portfolio
The approximate standard deviation of the rates of return in the portfolio is approximately 3.57%.
To find the approximate standard deviation of the rates of return in the portfolio, we can use the normal distribution and the given information about the mean rate of return and the 80th percentile.
We know that the mean rate of return is 12%, which represents the 50th percentile in a normal distribution. We also know that the 80th percentile corresponds to a rate of return of 15%.
Using this information, we can use the standard normal distribution table or calculator to find the z-score that corresponds to the 80th percentile.
The z-score is a measure of how many standard deviations a value is from the mean in a normal distribution. In this case, the z-score is approximately 0.84.
We can use the formula for the z-score to calculate the standard deviation of the rates of return:
z = (x - μ) / σ
where z is the z-score, x is the value corresponding to the 80th percentile (15%), μ is the mean rate of return (12%), and σ is the standard deviation of the rates of return.
Rearranging this formula to solve for σ, we get :
σ = (x - μ) / z
Plugging in the values we have, we get :
σ = (15% - 12%) / 0.84 = 3.57%
Therefore, the approximate standard deviation of the rates of return in the portfolio is approximately 3.57%.
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rob, the founder of a home cleaning franchise, has had years of training, experience, and learning other best practices of leadership. rob models organizational values both in his day-to-day activities and in his interactions with company employees. a venture capitalist wanted to buy the cleaning company, but because they did not reflect the company's high standards for ethics and integrity, rob turned down the multi-million-dollar opportunity. because there are such big decisions to be made about the future of his franchise, rob tends to make decisions by himself. now that he has a growing network of franchisees, he recently established a hotline for reporting ethical misconduct. although he appears to be an ethical leader, which ethical requirement does rob fail to meet in this scenario?a. rob does not model organizational values.b. rob does not place what is best for the organization over his own interests.c. rob operates in a silo.d. rob has not established reporting mechanisms.
Although he appears to be an ethical leader who models organizational values, the ethical requirement which rob fail to meet in this scenario is that rob has not established reporting mechanisms.
Victims or eyewitnesses as well as their supporters, can use reporting channels for reporting crimes or violations. Safe, easily available, and confidential reporting methods are essential so that all learners may safely report violence and abuse and know that they will be supported if they so want. The Ethics and Compliance Hotline is an anonymous reporting method that allows for the reporting of potentially unlawful, unethical, or incorrect behavior when usual routes of communication have proven unsuccessful or are unworkable under the circumstances.
An organization's values are a collection of essential principles that it holds. They serve as guiding principles for an organization, giving it purpose and direction while also setting the tone for interactions with customers, workers, and other stakeholders.
Therefore, option D is the correct answer.
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Which paradigm focuses on equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws? Learning and effectiveness Profit and growth Discrimination and fairness Access and legitimacy
The paradigm that focuses on an equal opportunity, fair treatment, recruitment of minorities, and strict compliance with the equal employment opportunity laws is the Access and Legitimacy paradigm.
What is the Access and Legitimacy paradigm?The access and legitimacy paradigm of diversity represents the lowest level of diversity management. It views cultural differences as unique perspectives that can provide insights and perspectives that improve business outcomes. To recruit, train, and retain a diverse workforce, it emphasizes adherence to laws, guidelines, and regulations on equal employment opportunity and affirmative action.
The access and legitimacy paradigm emphasizes social justice, and fair treatment and emphasizes diversity programs that are consistent with business objectives, not just social justice issues.
Diversity management aims to identify, appreciate, and make the most of differences in employees. These differences may include age, sexual orientation, physical ability, gender, race, and religion. Organizations that embrace diversity benefit from the new perspectives and ideas that diversity brings, as well as the increased employee morale that results from being recognized and valued for individual differences.
Therefore, the Access and Legitimacy paradigm is an essential component of an organization's diversity strategy.
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as banks and other fis increase the use of technology, an unintended consequence may be that cost savings are seldom realized. customers are driven away because they still want to interact with a person for certain transactions. the marginal cost of adding new customers tends to increase at an increasing rate. innovation of new products tends to take longer periods of time to attract new customers. none of the options.
Customers are driven away because they still want to interact with a person for certain transactions.
While technology can help reduce costs and improve efficiency, it can also lead to unintended consequences such as alienating customers who prefer a more personal interaction for certain transactions. As a result, some customers may choose to take their business elsewhere, which could ultimately reduce the cost savings that the institution was hoping to achieve.
Moreover, the marginal cost of adding new customers tends to increase at an increasing rate, which means that as the customer base grows, the cost of serving each additional customer may become more expensive. Also, innovation of new products tends to take longer periods of time to attract new customers, which can slow down the process of acquiring new business and growing the customer base.
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write short notes on the following supply chain management terms:a.RFxb.Selectionc. Communication with suppliersd. Cost of raw materials
Write short notes on the following supply chain management terms: a. RFX b. Selection c. Communication with suppliers d. Cost of raw materials
a. RFX: RFX stands for Request for Information (RFI), Request for Proposal (RFP), or Request for Quotation (RFQ). It is a formal process used by businesses to gather information, proposals, or quotations from potential suppliers to evaluate their capabilities and select the best supplier for their needs. RFX is crucial in making informed decisions when choosing suppliers.b. Selection: Selection is the process of evaluating and choosing the best supplier based on criteria such as quality, price, delivery time, and other relevant factors. In supply chain management, it is essential to select the right supplier to ensure smooth operations, minimize risks, and optimize costs.c. Communication with suppliers: Effective communication with suppliers is crucial for successful supply chain management. It involves sharing information about product specifications, order quantities, delivery schedules, and quality expectations. Good communication helps build trust, aligns expectations, and enables timely issue resolution, leading to better supplier performance and overall supply chain efficiency.d. Cost of raw materials: The cost of raw materials refers to the expenses incurred in purchasing the raw materials needed for producing goods or services. It is an essential component of the overall production cost and directly impacts the profitability of a business. Managing the cost of raw materials is vital in supply chain management, as it involves negotiating with suppliers, ensuring efficient material usage, and monitoring price fluctuations to optimize costs.Learn more about management terms: https://brainly.com/question/24107115
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Select the correct answer from each drop-down menu.
How can you refer to additional information while giving a presentation?
will help you emphasize key points on a specific slide. The Notes section
and not in the main Slide Show view.
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One way to refer to additional information during a presentation is by using the Notes section of a slide.
This section allows presenters to add additional information, talking points, or reminders related to the content on each slide. The Notes section can only be viewed by the presenter and is not visible to the audience, which makes it a useful tool for keeping track of important details without cluttering the main presentation. Presenters can also use handouts or provide links to external sources for the audience to access additional information after the presentation. Referencing additional information helps to clarify key points and provide more context to the audience.
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--The complete question is, What is a way to refer to additional information during a presentation?--