Answer:
Wilson Corporation
Using the high-low method, the fixed portion of the electrical cost each month would be:
$400.
Explanation:
a) Data and Calculations:
Month Machine-Hours Electrical Cost
January 2,000 $ 1,560
February 3,000 $ 2,200
March 2,400 $ 1,750
April 1,900 $ 1,520
May 1,800 $ 1,480
June 2,100 $ 1,600
Highest activity occurred in February and the lowest activity occurred in May. These two period's activity data are used to compute the fixed cost for each month as follows:
February 3,000 $ 2,200
May 1,800 $ 1,480
Difference 1,200 $720
Variable cost per unit = $720/1,200 = $0.60
For February, the total variable cost is $1,800 ($0.60 * 3,000)
Therefore, the fixed cost = total cost minus the variable cost
= $2,200 - $1,800
= $400
Check:
For the month of May, the total variable cost is $1,080 ($0.60 * 1,800)
Therefore, the fixed cost = $1,480 - $1,080 = $400
A Supermarket in Alabama occasionally receives a shipment of live shrimp from New Orleans. Seventy-five percent of the
time the store will place an ad and sell out of its shipment. The store advertises the availability of shrimp for 82 percent of the
shipments. What is the probability that the store will sell an entire shipment if it advertises? Carry answer to the nearest
thousandths
The probability that the store will sell an entire shipment if it advertises is mathematically given as
P(S / A)=90.36
This is further explained below.
What is the probability that the store will sell an entire shipment if it advertises?Generally,
P(A and S)=0.75
[tex]\mathrm{P}(\mathrm{A})=0.83[/tex]
Joint probability :
[tex]P(S and A)=P(S / A) * P(A)$[/tex]
[tex]$0.75=\mathrm{P}(\mathrm{S} / \mathrm{A}) * 0.83$[/tex]
[tex]\mathrm{P}(\mathrm{S} / \mathrm{A})\\\\=0.75 / 0.83\\\\=0.9036=90.36 \%[/tex]
P(S / A)=90.36
In conclusion, The probability that the store will sell an entire shipment if it advertises is
P(S / A)=90.36
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According to our textbook, mass media have at least six functions. Which function involves media providers affecting or controlling which information is transmitted to their audiences?
According to our textbook, mass media have at least six functions. The function involves media providers affecting or controlling which information is transmitted to their audiences is called "Information and Education"
What is Mass Media?
The term "mass media" refers to a wide range of media technologies that reach a broad audience through mass communication.
The technology used for this communication include a range of channels. Broadcast media, which includes cinema, radio, recorded music, and television, disseminate information electronically.
The six functions of Mass Media are:
Education and informationInteraction.Recreation.Political SensitivityTransmission of Cultural ValuesDevelopment CatalystLearn more about Mass Media:
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The accountant at Patton Company has determined that income before income taxes amounted to $11,000 using the FIFO costing assumption. If the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?
a. $11.900
b. $14,000
c. $8,000
d. $10,100
Answer: b. $14,000
Explanation:
Taxes are 30%. If the LIFO amount will result in $900 more being paid in taxes then that means that $900 is 30% of the increase in income from LIFO.
Increase is therefore;
900 = x * 30%
x = 900/30%
x = $3,000
Income before tax using LIFO;
= FIFO income + increase in income
= 11,000 + 3,000
= $14,000
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $13,751.00 exactly 12.00 years from today. Assuming that Derek believes the appropriate discount rate is 4.00%, how much is he willing to pay for this money machine?
Answer:
$8,588.83
Explanation:
To determine the amount that Derek would pay for the money machine, we are to calculate the present value of the lump sum to be received in 12 years.
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow each year from year 1 to 11 = 0
Cash flow in year 12 = $13,751.00
I = 4%
Present value = $8,588.83
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
An Ag journalism firm always orders 50 cases of paper from their office supply company. They incur an annual holding cost of $15 per case and have an ordering cost of $25 each time they place an order. If their annual demand is 480 cases, how much could they save annually by switching to their economic order quantity?
a. $25
b. $40
c. $15
d. $80
Answer:
a. $25
Explanation:
Annual requirement = 480 units
Number of orders per year = Annual requirement / Order size per order
= 480 / 50
= 9.6
= 10
So, total ordering cost = Number of orders x ordering Cost per order
= 10 x $25
= $250
Carrying cost of average inventory = Order size / 2 x Carrying cost per unit per annum
= 50 / 2 x $15
= $375
So, Total cost = Ordering cost + Carrying cost
= $250 + $375
= $625
Economic Order Quantity = Square Root of ( 2 x Annual demand x Ordering cost per order / Carrying cost per unit per annum )
= Square Root of ( 2 x 480 x $25 / $15 )
= Square Root of ( 1,600 )
= 40
Number of orders = 480 / 40 = 12 orders
So, Ordering cost = 12 x $25 = $300
Carrying cost of average Inventory = 40 / 2 x $15 = $300
So, Total cost of Inventory = $300 + $300 = $600
So, Cost savings = $625 - $600 = $25 per annum
Green Leaf Corp. sells $300,000 of bonds to private investors. The bonds mature in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4% (i.e., the discount rate or the required rate of return is 4%). What proceeds does Green Leaf receive from investors
Answer:
$326,710.93
Explanation:
The approaches I have chosen in determining the current bond price are a financial calculator and excel formula approaches as shown thus:
Financial calculator:
N=5( number of annual coupons in 5 years left to maturity)
I/Y=4( the yield on the bond)
PMT=18000 (annual coupon=face value*coupon rate=$300,000*6%)
FV=300000( face value which is $300,000)
CPT PV=-$326,710.93
Excel PV function:
=-pv(rate,nper,pmt,fv)
=-pv(4%,5,18000,300000)=$326,710.93
______ The Financial Accounting Standards Board (FASB) is the primary organization responsible for setting accounting standards in the United States, known as Generally Accepted Accounting Principles (GAAP).
True
The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States, following generally accepted accounting principles (GAAP).
Why would Alex Stamos want security researchers to focus on fixing vulnerabilities rather than finding them?
Explanation:
Alex Stamos attended a security conference. This conference was attended by the security professionals, corporations and government entities. Here, Alex Stamos made an important speech to protecting and fixing the vulnerabilities. He urged that the main aim of their should be to protect the matters or the real issues of the users. This may include preventing hacking of the critical infrastructure, the voting machines, personal data of the users are some of the important matters.
The accounting equation for ying company shows a decrease in its assets and a decrease in its equity. Which of the following transactions could have caused that effect?
Answer:
The company paid an amount due on a credit card
Explanation:
Technically there was debt in the company's credit card which then caused a decrease in assists and equity because the company in all wasn't reliable so whatever was still getting paid off got taken from the company's money.
The last step in the decision-making process is where you_____your decision, This helps you to look back on your decision and decide if you chose correctly or would do anything differently change differentiate complain evaluate I will mark you brainless plz help
Answer:
In this final step, consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision.
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People invest Group of answer choices to increase future consumption. to make a lot of money. so they can buy things now. to keep up with the times.
Answer:
People invest:
to increase future consumption.
Explanation:
Investments generate increased returns. These returns add value to the pool of an investor's money which can be used to increase future consumption. Investments are important because they increase productivity of value. The increased value will be future use. For example, if A invests his savings of $5,000 which yields an annual return of $1,000 (or 20%) ROI, and the investment is left for 5 years, by the end of 5 years, A will have $10,000. This implies that he has more money to spend than in the previous five years. A can now spend more $5,000 than he could have spent five years' ago.
Jones Corporation purchased a patent for $600,000 on September 1, 2014. It had a useful life of 10 years. On January 1, 2016, Jones spent $120,000 to successfully defend the patent in a lawsuit. Jones feels that as of that date, the remaining useful life is 4 years. What amount should be reported for patent amortization expense for 2016
Answer:
$160,000
Explanation:
Calculation for What amount should be reported for patent amortization expense for 2018
First is to calculate the Amortization amount
Amortization=$600,000-[($600,000/10 years)x(4/3)
Amortization=$600,000-$80,000
Amortization=$520,000
Now let calculate amount that should be reported for patent amortization expense for 2018
2018 Patent amortization expense=($520,000+$120,000)/4years
2018 Patent amortization expense=($520,000+$120,000)/4years=90,000
2018 Patent amortization expense=$640,000/4years
2018 Patent amortization expense=$160,000
Therefore What amount should be reported for patent amortization expense for 2018 is $160,000
Digital Fruit is financed solely by common stock and has outstanding 37 million shares with a market price of $10 a share. It now announces that it intends to issue $280 million of debt and to use the proceeds to buy back common stock. There are no taxes. a. What is the expected market price of the common stock after the announcement
Answer:
Market price is unaffected by announcement
Explanation:
This question says that the company has announced intentions to issue $289 million of debt with intentions of buying common stock with proceeds
Price per share has been given as $10. The market price of the stock would not get affected by this announcement.
I have gone ahead to help you calculate the buyback, market value and debt ratio.
Buyback= $280/10 = 28 million shares
Market value = (37-28)*10 + 280 = 370 million
Debt ratio = 280/370 = 76%
Daily demand for a product is 160 units, with a standard deviation of 35 units. The product is ordered on a pre-established (fixed) schedule and the review period is 5 days and the lead time is 10 days. At the time of review, there are 30 units in stock. If 99 percent service probability is desired, how many units should be ordered?
Answer:
2686
Explanation:
Given that :
Daily demand (D) = 160
Standard deviation (s) = 35
Review period (T) = 5 days
Lead time (L) = 10 days
Number in stock (I) = 30 units
Service probability α = 99%
Quantity to order Q;
Q = D(T + L) + Z*s + √(T + L) - 1
Zscore p(Z < 0.99) = 2.326 = 2.33(Z probability calculator)
Q = 160(5 + 10) + 2.33 * 35 * √(10 + 5) - 30
Q = 160(15) + (2.33 * 35 * 3.8729833) - 30
Q = 2400 + 315.841788115 - 30
Q = 2685.841788115
Q = 2686
Your sister turned 35 today, and she is planning to save $20,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year.
Answer:
She can spend $162,114.58 at the end of each period before she can exhaust the amount.
Explanation:
She will save up to $1,889,215.73 by saving $20,000 per year for 30 years, making the first deposit at the end of a year from today.
FV (Future Value) $1,889,215.73
PV (Present Value) $248,180.82
N (Number of Periods) 30.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Payment) $20,000.00
Starting Investment $0.00
Total Principal $600,000.00
Total Interest $1,289,215.73
She can can retrieve $162,114.58 at the end of each period to reach the future value of $0.00.
FV (Future Value) $-0.00
PV (Present Value) $-0.00
N (Number of Periods) 25.000
I/Y (Interest Rate) 7.000%
PMT (Periodic Payment) $-162,114.58
Starting Investment $1,889,215.73
Total Principal $-2,163,648.74
Total Interest $2,163,648.74
What is a chart that compares your values, interest, and aptitudes, with similar
information about a career?
A career assessment chart is a chart that compares your values, interest, and aptitudes, with similar information about a career.
A career assessment is a range of personal characteristics that can have an impact on an individual's likelihood of success and level of happiness in a variety of career paths and work situations. career assessments are tools that can help people understand how these influences function. A career assessment is a means to find out more about the suitability of various careers for you. career assessment of many kinds concentrates on particular topics, such as values, interests, or talents. Even while attaining your ideal career can take more than just a completed Scantron sheet, career assessment tests can be quite helpful in giving people a head start in selecting career choices that meet their interests, best utilise their talents, or match their personalities.
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Individuals influencing an entrepreneur's career choice and style are known as?
Answer: Role model
Explanation: A person who is a role model is someone who serves as an inspiration to others. This person serves as an example because of their personality, their achievements, and their dealings with others. When a person is taken as a role model, they should feel proud as they are influencing others. This will always be something for the better as long as this person is a positive example for others.
Proof that an entrepreneur is certified to work in a specific field of business is a ____.
A license is evidence that an entrepreneur is qualified to work in a particular industry.
Are all business owners considered entrepreneurs?It is someone who takes chances in order to succeed. Although "company owner" and "entrepreneur" are sometimes used interchangeably today, many business owners today are not entrepreneurs since they are not actively chasing "new ideas. Business owners and entrepreneurs have very distinct problems to deal with.
What part does the entrepreneur play?A person who establishes and expands a firm using their original ideas is an entrepreneur. In addition to earning money as their firms expand, entrepreneurs serve important roles. An entrepreneur chooses a market need in their neighborhood, develops a business concept, and takes the initiative to launch their enterprise.
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Shipping costs could be justified if the firm is able to compensate for the increased shipping costs with reduced inventory holding costs while achieving the same in-stock probability.
a) True
b) False
Answer:
The given statement is "True".
Explanation:
Increasing in-stock likelihood contributes to higher demand responsiveness, rapid transporting reduces time and therefore also accommodates for shipping expenses. The net expense seems to be the number of shipping including holdings. Therefore if either variable rises, the overall cost may be retained by reducing some other characteristic or function.So the answer above is accurate.
If a firm issues debt with no protective covenants in the indenture then the firm's debt will probably be issued at _____ similar debt with protective covenants.
a. a higher interest rate than
b. a lower interest rate than
c. an interest rate equal to that of
d. a slightly higher interest rate than
Answer: b. a lower interest rate than
Explanation:
A protective convenant is also referred to as a restrictive covenant and it is referred to as an agreement whereby a particular company is restricted from doing certain things while a contract is still ongoing.
In this case, when a firm issues debt with no protective covenants in the indenture then the firm's debt will probably be issued at lower interest than similar debt with protective covenants. The reason for this is that the lender is protected when there is a convenant which ultimately lower the cost of debt.
How does the presence of a large number of previous movers to a country affect the projected costs and benefits of subsequent movers
Explanation:
The presence of a large number of previous movers in a country creates both disadvantages and advantages.
Consider the disadvantages: Since we have a large population of immigrants who are active in the labor force, this may lead to an increase in the supply of labor, and with such an increase in supply there may be a decrease in the wage rate of the country; so the subsequent movers may earn lesser than expected.
Consider the advantages: Remember, if these previous movers come from countries with similar cultures as the subsequent movers they may find their move less costly since they acquire new friends who share the same culture with them.
Finish the sentence
A ____ is a small piece of ownership in a company
A. Mutual Fund
B. Derivative
C. Bond
D. Stock
Sandhill Corporation loaned $590000 to another corporation on December 1, 2020 and received a 3-month, 6% interest-bearing note with a face value of $590000. What adjusting entry should Sandhill make on December 31, 2020?
Answer: Debit Interest Receivable and credit Interest Revenue, $2950
Explanation:
Based on the information given in the question, we have to calculate the interest accrued and this will be:
= $590,000 × 6% × 1/12
= $590,000 × 0.06 × 0.08333
= $2949.882
= $2950 approximately
Therefore, the adjusting entry that Sandhill should make on December 31, 2020 will be to:
Debit Interest Receivable and credit Interest Revenue, $2950
What is statement of retained earnings?
Answer:
A statement of changes in equity and similarly the statement of changes in owner's equity for a sole trader, statement of changes in partners' equity for a partnership, statement of changes in shareholders
Answer:
it is a financial statement prepared by corporation s that details changes in the volume of retained earnings over some period.
Explanation:
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Performance measurement systems are used to assess how well a company is performing toward meeting its own goals and objectives. True False
Answer:
True
Explanation:
This is a true or false question and the answer is true.
It is true because Performance measurement systems are used mostly as a regular way of measuring the results and also the outcomes of a company or organization and a formof assessment to know how well a company is doing towards achieving its own set goals and objectives
if the inflation rate is positive, purchasing power is _______. The situation is reflected in the ______ rate of return on an investment, which will be ______ the ______ rate of return.
Answer:
If the inflation rate is positive, purchasing power is __reduced_____. The situation is reflected in the __low____ rate of return on an investment, which will be __reducing____ the __market____ rate of return.
Explanation:
Inflation is the general reduction in the value of a currency's purchasing power. It happens when more money is used to buy the same quantity of a good or service than was purchased previously. A currency's purchasing power is the value of the currency in terms of the goods or services that it can buy. Three factors reduce the purchasing power of a currency. They are government regulations, inflation, and disasters. On the other hand, deflation and technological innovations increase the currency's purchasing power.
Answer:
If the inflation rate is positive, purchasing power is reduced. This situation is reflected in the real rate of return on an investment, which will be less than the nominal rate of return.
Explanation:
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1.2 Advise businesses on factors to be considered when designing presentation.
Mastering your subject and learning it.
Creating a plan and considering storytelling.
Your oral presentation needs preparation and practice.
Throughout the lecture, be relaxed.
What aspects are thought of when designing a presentation?They consist of the presentation's goal, the topic, the audience, the location or setting, the hour of the day, and the talk's duration.
What should I keep in mind when giving a business presentation?Immediately establish your credibility.
Early on in the presentation, include a goal.
Don't be shy with the supporting material.
Start each distinct idea with a strong quote or image.
Rhetorical or Thought-Provoking Questions
Make Surprising Claims.
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Which group of government financial statements reports all revenues and all costs as well as all assets and liabilities of the governmental entity
Answer:
Government-wide financial statements.
Explanation:
The government wide financial statement is a financial statement that conduct financial activity together in one place and record on accrual basis that have information related to the economic resources.
Therefore as per the given situation, it records all types of revenues, cost, assets and liabilities
Hence, the above is the answer
Metlock Company has identified that the cost of a new computer will be $44000, but with the use of the new computer, net income will increase by $5000 a year. If depreciation expense is $3000 a year, the cash payback period is:_______
a. 22.0 years.
b. 5.5 years.
c. 8.8 years.
d. 14.7 years.
Answer:
c
Explanation:
Cash payback period calculates how long it takes to recover the amount invested in a project from its cumulative cash flows.
Cash payback period = amount invested / cash flows
Cash flows = net income + depreciation = $5000 + $3000 = $8000
$44,000 / $8,000 = 5.5 years
Would Oleck’s break-even point increase or decrease if it made the change? Calculate old and new break-even points
Incomplete question. The full question read;
Oleck Inc. produces stereo components that sell at P = $100 per unit. Oleck’s fixed costs are $200,000, variable costs are $50 per unit, 5,000 components are produced and sold each year, EBIT is currently $50,000, and Oleck’s assets (all equity financed) are $500,000. Oleck can change its production process by adding $400,000 to assets and $50,000 to fixed operating costs. This change would (1) reduce variable costs per unit by $10 and (2) increase output by 2,000 units, but (3) the sales price on all units would have to be lowered to $95 to permit sales of the additional output. Oleck has tax loss carry-forwards that cause its tax rate to be zero, it uses no debt, and its average cost of capital is 10%.
Would Oleck’s break-even point increase or decrease if it made the change? Calculate old and new break-even points
a) Old break-even point = units
b) New break-even point = units
c) Increase or decrease?
Answer:
a) 4,000 units
b) 4,545 units
c) increase
Explanation:
To find the break-even point based on units, we use the formula = Total Fixed Costs ÷ (Revenue per Unit – Variable Cost per Unit).
Old break-even point:
The Total fixed cost = $200,000The Revenue per unit = $100The Variable Cost per Unit= $50 - $10 = $40∴ Old break-even point (units) = [tex]\frac{200,000}{100-50}[/tex] = 4,000 units
New break-even point:
The Total fixed cost = $200,000 + $ 50,000 = $250,000The Revenue per unit = $100 redeced to $95 = $95.The Variable Cost per Unit= $50 - $10 = $40∴ New break-even point (units) = [tex]\frac{250,000}{95-40}[/tex] = 4,545 units