Answer:
the labor rate variance is $16,000 unfavorable
Explanation:
The computation of the labor rate variance is shown below:
As we know that
Labour Rate Variance = ( Actual Rate - Standard Rate) ×Actual Hours Worked
= ($160,000 ÷ 22,000 direct labor hours - $8) × 22000 direct labor hours
= ($7.27 - $8) × 22000 direct labor hours
= $16,000 Unfavorable
hence, the labor rate variance is $16,000 unfavorable
We simply applied the above formula so that the correct value could come
And, the same is to be considered
You are a beginning investor with only $5,000 in savings. How can you achieve a widely diversified portfolio at reasonable cost
Examples of financial manager investment decisions
Answer:
There are four main financial decisions- Capital Budgeting or Long term Investment decision (Application of funds), Capital Structure or Financing decision (Procurement of funds), Dividend decision (Distribution of funds) and Working Capital Management Decision in order to accomplish goal of the firm viz., to maximize
Nancy is considering whether her toy manufacturing business should develop its own brand. Which is a company reward Nancy can expect from branding?
Answer: a. Brands enhance loyalty.
Explanation:
Brands enhance loyalty because people are more likely to identify with a symbol than with something that has a general identity. When a company has a brand therefore, it will enhance the loyalty of its consumers as they look to identify with that brand.
Take Adidas for instance, the three stripes logo is so iconic that people can sometimes have entire wardrobes of Adidas apparel to show those three stripes off and show that they identify with it. This is the benefit that Nancy stands to gain with branding.
Mr. Rafiq owes Mr. Ahmed Rs. 7000 to be due in 5 years and Rs. 15,000 to be due in 7 ½ years. How much should Mr. Rafiq pay at the end of 6 years which may be acceptable to Mr. Ahmed if money is worth 8% compounded semi-annually?
Answer:
The answer is "$20906.15".
Explanation:
In the next five years, Mr. Rafiq must be due to 7000 Ahmed and in [tex]7 \frac{1}{2}[/tex] years Rs. 15000 must be due.
Interest r = 8% semi-annually aggregated
Hence a one-off fee only at end of 6 years is an FV fee at 5 years plus a [tex]7 \frac{1}{2}[/tex] year payment.
[tex]\to[/tex]Year 6 single payment[tex]= CF5 \times (1+\frac{r}{2})^{(2 \times 1)} + \frac{CF6}{(1+\frac{r}{2})^{(2\times 1.5)}}[/tex]
[tex]\to[/tex] Payment at year 6 [tex]= 7000 \times {(1+\frac{0.08}{2})}^2 + \frac{15000}{(1+\frac{0.08}{2})^3 }[/tex]
[tex]= \$ \ 20906.15[/tex]
the best answer for the question . the population of a small island nation is 50,000 people and their real GDP is $ 500,000,000 , then what's the real GDP per capita
The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data: Year Enrollments 5 Years ago 900 4 Years ago 700 3 Years ago 600 2 Years ago 500 Last Year 300 What is the forecast for this year using a three-year weighted moving average with weights of 0.5, 0.3, and 0.2?a) 163.
b) 180.
c) 300.
d) 420.
e) 510.
Answer:
d) 420
Explanation:
In three-year weighted moving average with weights of 0.5, 0.3, and 0.2, the forecast can be calculated using the following formula
Forecast(This year) = 0.5*Demand(last year) + 0.3*Demand(2 years ago) + 0.2*Demand(3 years ago)
Forecast(This year) = 0.5*300 + 0.3*500 + 0.2*600
Forecast(This year) = 150 + 150 + 120
Forecast(This year) = 420
Chester's Balance Sheet has $57,976,422 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year
Answer:
Chester's Book Value would be $60,976,422 next year.
Explanation:
a) Data and Calculations:
Equity = $57,976,422
Expected net income = $3,000,000
If no dividends are paid and no stock is issued, the expected net income will be equal to the Retained Earnings for the next period.
Therefore, the book value or equity value of Chester's balance sheet for the next year will be the addition of the net income of $3,000,000 to the equity balance of $57,976,422.
This will total $60,976,422 ($57,976,422 + $3,000,000).
b) Chester's book value is the net asset value and can be calculated as total assets minus liabilities.
Superior Company has provided you with the following information before any year-end adjustments:
Net credit sales are $135,500.
Historical percentage of credit losses is 2%.
Allowance for doubtful accounts has a credit balance of $375.
Accounts receivables ending balance is $44,000.
Required:
What is the estimated bad debt expense using the percentage of credit sales method
Answer: $2,710
Explanation:
Using the percentage of credit sales method, the bad debt expense is estimated to be a percentage of the total credit sales of the company and this is subtracted from the credit sales. Any bad debt will then be apportioned to this estimated figure.
Estimated Bad debt expense = Net credit sales * Historical percentage of credit losses
= 135,500 * 2%
= $2,710
The increased generosity of unemployment insurance programs in Canada as compared to the United States should:_____
a. increase the duration of unemployment in Canada as compared to the U.S.
b. decrease the duration of unemployment in Canada as compared to the U.S
c. raise the duration of unemployment in the U.S.
d. have no impact on the duration of unemployment in Canada.
Answer:
Option A: Increase the duration of unemployment in Canada as compared to the U.S
Explanation:
Unemployment is simply defined as the total number of people who are actively looking for work but do not currently have job (employed).
Unemployment insurance is a federally authorized, state-run program in which payroll taxes are used to pay benefits to workers laid off by companies.
Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but ten of the striking clerks are crowding near the store entrance with large picket signs. If Reginald asks you what can be done, your best answer would be for Reginald to:_______
a. seek a rescission that will return the clerks to their status quo.
b. merge law and equity.
c. seek a decree of specific performance.
d. seek an injunction.
e. hire Norris, Stallone and Segal
Answer:
merge law and equity
Explanation:
In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.
However if all reasonable avenues have been pursued and they still don't want to comply, then legal measures can be taken to make them work.
In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.
If this does not work he can use the law to compel them to comply.
The difference between your sales and your cost of goods sold is known as your what
Answer:
profit.
Explanation: its just right
Which one of the five generic competitive strategies most closely approximates the competitive approach that Under Armour is employing?
a. a broad differentiation strategy
b. a focused low-cost strategy
c. a best-cost provider strategy
d. a focused differentiation strategy
e. a low-cost provider strategy
Answer: focused differentiation
Explanation:
Question 2 (2 points)
All of the following are considered a common purpose of advertising except:
O A) increasing market share
B) Acceleration of revenue
OC) Classfication of products
OD) Reinforcement of brand recognition
Lection 21 minte
Answer:
C) Classification of products
Explanation:
Advertising is not a means of classifying products.
Advertising is a commercial process of marketing goods and services to a target group of people.
Advertising is a means of making a product known the the general market population. It helps to increase the market share of a particular product among competitors. When an advert is done rightly, it can bring more revenue to the company. Also, it reinforces brand recognition.[tex]\mathrm {Hey, there!}[/tex]
Let's solve your problem!
Classification of products is not a way of advertising.
Increasing market share is a way of advertising.
Acceleration of revenue is also a way of advertising.
The answer is C.
[tex]\mathrm {Best, of, Luck!}[/tex]
Celestial Crane Cosmetics is analyzing a project that requires an initial investment of $2,750,000. The project’s expected cash flows are:
Year Cash Flow
1 $350,000
2 -125,000
3 450,000
4 425,000
Celestial Crane Cosmetics's WACC is 9%, and the project has the same risk as the firm's average project.
1. Calculate this project's modified internal rate of return (MIRR). Choose from the options given below:
a. 23.25%
b. 17.19%
c. 24.26%
d. -18.52%
2. If Celestial Crane Cosmetics's managers select projects based on the MIRR criterion, they should _ _ _ _ _ this independent project.
Answer and Explanation:
1. The computation of the MIRR is shown below;
Year Cash flows
0 $ -2,750,000
1 $ 350,000
2 $ -125,000
3 $ 450,000
4 $ 425,000
WACC 9%
MIRR -16.79%
This is the answer but the same is not provided in the given options
2, As we can see that the MIRR comes in negative so this independent project should not be accepted
Butcher Timber Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 8.75%, and your firm's economists believe that the cost of equity can be estimated using a risk premium of 3.85% over a firm's own cost of debt. What is an estimate of the firm's cost of equity from retained earnings?
Answer:
12.60%
Explanation:
Calculation for the estimate of the firm's cost of equity from retained earnings
Using this formula
Estimate Firm's cost of equity =Risk premium + Cost of debt
Let plug in the formula
Estimate Firm's cost of equity=3.85% + 8.75%
Estimate Firm's cost of equity= 12.60%
Therefore the estimate of the firm's cost of equity from retained earnings will be 12.60%
On January 1, 2014, Evers Company purchased the following machine for use in its production process:
Machine: The recorded cost of this machine was $180,000. Evers estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period.
a) Calculate the amount of depreciation expense that Evers should record each year of its useful life under the following assumptions. Show your workings.
(1) Straight-line method
(2) Double declining balance method
(3) Units-of-activity method and estimates that the useful life of machine is 125,000 units. Actual usage is as follows: 2014, 45,000 units; 2015, 35,000 units; 2016, 25,000 units; 2017, 20,000 units.
b) Which method used to calculate depreciation reports the highest amount of depreciation expense in year 1? The highest in year 4? The highest total amount over the 4-year period?
Answer:
a) Calculate the amount of depreciation expense that Evers should record each year of its useful life under the following assumptions. Show your workings.
(1) Straight-line method
depreciable value = $180,000 - $10,000 = $170,000 / 4 = $42,500 per year (same for each year)
(2) Double declining balance method
depreciation expense year 2014 = $180,000 x 1/4 x 2 = $90,000
depreciation expense year 2015 = $90,000 x 1/4 x 2 = $45,000
depreciation expense year 2016 = $45,000 x 1/4 x 2 = $22,500
depreciation expense year 2017 = $22,500
(3) Units-of-activity method and estimates that the useful life of machine is 125,000 units. Actual usage is as follows: 2014, 45,000 units; 2015, 35,000 units; 2016, 25,000 units; 2017, 20,000 units.
depreciation expense per unit = $170,000 / 125,000 units = $1.36
depreciation expense year 2014 = $1.36 x 45,000 = $61,200
depreciation expense year 2015 = $1.36 x 35,000 = $47,600
depreciation expense year 2016 = $1.36 x 25,000 = $34,000
depreciation expense year 2017 = $1.36 x 20,000 = $27,200
b) Which method used to calculate depreciation reports the highest amount of depreciation expense in year 1?
double declining balance
The highest in year 4?
straight line method
The highest total amount over the 4-year period?
double declining balance
Suppose that Hickory Manufacturing, Inc., a corporation headquartered in North Carolina, believes that it is entitled to a $24,700 federal tax refund, and that the Internal Revenue Service (IRS) has wrongfully refused to issue the refund. If Hickory Manufacturing elects to sue the United States (the IRS is a federal administrative agency) to recover the refund, it must pursue the matter:
A. in federal court, since the United States is a party to the litigation.
B. in North Carolina state court, since the company is headquartered in North Carolina.
C. through binding arbitration, non-binding arbitration, or mediation, since the United States has governmental immunity in the court system (although it does allow claims against the federal government to be pursued via alternate dispute resolution).
D. in United States Tax Court, since the dispute involves a tax matter.
Answer:
If Hickory Manufacturing elects to sue the United States (the IRS is a federal administrative agency) to recover the refund, it must pursue the matter:
D. in United States Tax Court, since the dispute involves a tax matter.
Explanation:
The United States Tax Court is the federal trial court of record for tax disputes. It is like a tribunal, which is inferior to the Supreme Court. It was established by Congress, under Article I of the Constitution in 1969, to hear tax matters and adjudicate tax disputes. Appeals are made directly, from this court, to the appeal court, before the matter can be dragged to the US Supreme Court.
The CFO of Ward Enterprises is setting up a new activity-based costing system. He has currently finished identifying activities and mapping overhead costs to cost pools associated with each activity. What is the next step for him to take in the process of designing an activity-based costing system?
a. Identify a cost driver associated with each activity.
b. Determine the appropriate denominator volume for each cost driver, to calculate an activity rate.
c. Add the cost pool totals together.
d. Divide each cost pool by the number of units produced
Answer:
a. Identify a cost driver associated with each activity.
Explanation:
While setting up the new activity based costing system he presently completed the identification of the activities and the cost of overhead is associated with each kind of activity
Now the next step in the activity based costing is to have a identification of the cost driver that associated with each kind of activity
Here cost driver means number of machine hours, number of machine setups, etc
Therefore the first option is correct
What term describes a ban or restriction on trade with another country?
Answer:
Embargo is the term which is used to describe the ban or restriction on trade with another country. Explanation: Embargo is an official suspension of trade with other countries. Under this act there is a restriction of import and export of products between the countries due to specific reason.
The term that describes a ban or restriction on trade with another country is called embargo.
What is embargo?Embargo refers to an official ban on trade or other commercial activity with particular in the country. It is an official suspension of trade with other countries.
Under this act(embargo), there is a restriction of import and export of products between the countries due to specific reason.
Embargo can be placed on
Specific categories of goods.Scientific and technical information.Transport and other services,Therefore, embargo is the term that describes a ban or restriction on trade with another country.
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Lux Company uses a periodic inventory system. The company started the month with 20 lamps in its beginning inventory that cost $30 each. During the month, Lux purchased 80 additional lamps for $31 each. At the end of the month, Lux counted its inventory and found that 25 lamps remained unsold. If Lux uses the weighted average cost method, its cost of goods sold for the month is:________
Answer:
cost of goods sold = $2,310
Explanation:
beginning inventory 20 units at $30 each = $600
purchases during the month = 80 units at $31 each = $2,480
ending inventory = 25 units
using the weighted average cost method, each unit will be valued at ($600 + $2,480) / (20 + 80) = $3,080 / 100 units = $30.80
ending inventory = 25 units x $30.80 = $770
cost of goods sold = (100 - 25) x $30.80 = $2,310
Cost of goods manufactured for Branson Books for the year was $860,000. Beginning work-in-process inventory was $40,000. Ending work-in-process was $60,000. If the beginning finished goods inventory was $400,000 and the ending finished goods inventory was $990,000.
Required:
What was the cost of goods sold for the year?
Answer:
Cost of goods sold = $270,000
Explanation:
Given:
Cost of goods manufactured = $860,000
Beginning work-in-process = $40,000
Ending work-in-process = $60,000
Beginning finished goods = $400,000
Ending finished goods inventory = $990,000
Computation:
Cost of goods sold = Cost of goods manufactured + Beginning finished goods - Ending finished goods inventory
Cost of goods sold = $860,000 + $400,000 - $990,000
Cost of goods sold = $270,000
The cost of goods sold for Branson Books in this year is $270,000.
Here, we are going to prepare the amount of the cost of goods sold for Branson Books.
Given Information
Cost of goods manufactured = $860,000
Beginning work-in-process = $40,000
Ending work-in-process = $60,000
Beginning finished goods = $400,000
Ending finished goods inventory = $990,000
The formula for Cost of goods sold is {Cost of goods manufactured + Beginning finished goods - Ending finished goods inventory}
Cost of goods sold = $860,000 + $400,000 - $990,000
Cost of goods sold = $270,000.
Therefore, the amount of the cost of goods sold for Branson Books is $270,000.
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William's accountant made an error, and the budget has been reduced from $3000 to $2500. William's profit will go down by:________
a. $625
b. $1350
c. $1650
d. $0
Explorations A
Describing Employers of Petroleum Engineers
According to the video, what are some employers of Petroleum Engineers? Check all that apply.
oil companies
government agencies
banks
schools
O public libraries
small consulting firms
It’s ABF
Have a good day
ABF is your answer....
Answer:
ABF
Explanation:
Suppose you have a two-stock portfolio consisting of Apple and Tesla stock. The portfolio weight of Apple is 25% and the rest is Tesla. The volatility of annual returns is 35% for Apple and 60% for Tesla. The correlation coefficient between the two stocks' returns is 0.22. What's the volatility of your portfolio?
Answer:
Standard deviation = 47.69% (Approx)
Explanation:
Given:
Portfolio of Apple stock w1 = 25% = 0.25
Portfolio of Tesla stock w2 = 75% = 0.75
Standard deviation return Apple σ1 = 35% = 0.35
Standard deviation return Tesla σ2 = 60% = 0.60
Correlation coefficient ρ12 = 0.22
Find:
Standard deviation
Computation:
Standard deviation = √w1²σ1² + w2²σ2² + 2w1σ1w2σ2ρ12
Standard deviation = 0.4769
Standard deviation = 47.69% (Approx)
First National Bank charges 14.1 percent compounded monthly on its business loans. First United Bank charges 14.4 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank.
Answer:
16.7
Explanation:
Patrick took a loan of $50,000 with a repayment period of five years from a bank to start his own business. Every month he has to pay the bank $900 to repay the loan. What type of credit is demonstrated in this scenario? A. unsecured credit B. secured credit C. revolving credit D. installment credit
Answer:
b
Explanation:
Answer:
D. Installment Credit
What role do group dyanmics play in financial decisions? use examples of personal and buisness financial decisions.
People who are typically sensible can be influenced by group dynamics to make decisions they would not have made otherwise. When certain members of a group help others overcome preconceptions, the results can be favorable.
What is an example of group dynamics in business financial decisions?When certain members of a group assist others in overcoming preconceptions, the results are good like Resolve problems quickly, Develop collaboration, Build communication and Help team leaders to develop.
Thus, group dynamics play an essential role in decision making.
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On February 22, Brett Corporation acquired 210 shares of its $3 par value common stock for $25 each. On March 15, the company resold 62 shares for $28 each. What is true of the entry for reselling the shares
Answer:
Credit Additional Paid in Capital $186
Explanation:
Preparation of the true of the Journal entry for reselling the shares
Dr Cash 1,736
(62 x $28)
Cr Treasury Stock 1,550
(62x $25)
Cr Additional Paid-in Capital 186
(62 x $3)
Therefore the journal entry to reissue the shares for Brett Corporation On February 22 would be:
Credit Additional Paid in Capital $186
Discuss the four common types of constraints (time, labor, equipment, and facilities) facing service businesses and give an example of each (real or hypothetical).
Answer:
The most severe constraint that anyone faces is time, the day has 24 hours, a week has 7 days and the year has 365 days. No matter how big or small a company is, time is the same for all. E.g. a factory has to build 10,000 units of good X for next week, they must do it before the due date. If the factory is shut down for any reason at all, e.g. lights go out, they will have to work overtime.
Two of the other constraints are basically related to capital: equipment and facilities. No matter how rich a person is or how big a company is, they have a certain amount of money, they cannot own it all. Only governments own machines that print money, and even they face strict regulations regarding how much money they can print. You need money to buy more equipment and build larger facilities, or if you do not have enough money, you will have to work overtime or eventually not be able to produce the output that you wanted. A facility has a certain level of maximum production, the same for a machine or equipment, and you cannot make it work over that level. E.g. a machine produces 10 units per hour, so it will not be able to produce 100 units per hour, nor 20 nor 40, not even 11.
Labor constraints refer to the total amount of labor supply available. E.g. all you need to do to understand the shortage of certain qualified labor is look at the amount of job vacancies in the high tech, computer and software industries. There are hundreds of thousands of vacant jobs around the world which cannot be filled simply because there are not enough qualified people. That is also the reason why careers in these industries are paid higher than average wages.
A firm have an inventory turnover of 5 times a year on a cost of goods sold of $800 000.if the firm improves the inventory turnover to 8 times a year while the cost of goods sold remains the same, which of the following statement is true?
A)$100,000 is additionally invested in purchasing stock
b)$160,000 is released into working capital
c)$60,000 is additionally invested in purchasing stock
d)$60,000 is released into working capital
Answer:
d) $60,000 is released into working capital
Explanation:
Inventory turnover is the number of times that a firm buys and sells inventory. A high inventory means that the company sells its stock many times in a year.
the formula for inventory turnover ratio
=Cost of goods sold/ average inventory
If a firm has COGS of $800,000 and an inventory turnover of 5, then the average inventory will be
=$800,000 /5
=$160,000
If the firm improves its turnover to 8, then the average inventory will be
=$800,000/8
=$100,000
The firm average inventory will $100,000 as opposed to $160,000 previously.
$60,000 will be released to working capital.