The world Street Journal published that United Airlines is not covering its cost (the cost include both fixed and variable cost) in the route from Washington to San Francisco and therefore they should discontinue the flight in this route. Based on the above situation answer the following questions: 1.Do you think United should continue its flight from Washington to San Francisco? Explain. 2. What are the major condition United needs to check before ‘shut down’ its operation Washington to San Francisco? Explain

Answer:

Following are the solution to the given points:

Explanation:

In question 1:

No, airline through Washington to San Fransisco should not continue. It is because the airline could recover its constant but varying expenses, as mentioned in the article. Service would therefore not be able to endure failure. The airline should therefore avoid driving.

In question 2:

To determine whether the airline should close down or not, the US should equate the price with both the Average total cost. Each airline is required to close down its activities if its cost is reduced than AVC. If the price is higher therefore the AVC price will continue. Since, as per the report, the airline cannot also cover its variable costs, its activities must be stopped.

distribution strategies ​

Petty Cash Journal Entries
1. Based on the following petty cash information, prepare (a) the journal entry to establish a petty cash fund, and (b) the journal entry to replenish the petty cash fund. If an amount box does not require an entry, leave it blank. When required, enter amounts in dollars and cents.
On January 1, 20--, a check was written in the amount of $200 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer:
Voucher No. Account Debited Amount
1 Phone Expense $17.50
2 Automobile Expense 33.00
3 Joseph Levine, Drawing 56.00
4 Postage Expense 12.50
5 Charitable Contributions Expense 15.00
6 Miscellaneous Expense 49.00

Members of 67 countries attended a conference on economic development hosted by an international organization based in Gent, Belgium. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development. Emerging markets act as manufacturing bases for global Miltinationals Enterprises because of ________.

hich of the statements is TRUE? Patents give inventors exclusive rights to sell a product for an unlimited period of time. Copyrights are legal protections that protect a product from being copied by others for an unlimited period of time. Copyrights give inventors exclusive rights to sell a product for a specific period of time. Patents are legal protections that protect a product from being copied by others for a specific period of time. Copyrights give inventors exclusive rights to sell a product for an unlimited period of time. Patents are legal protections that protect a product from being copied by others for an unlimited period of time. Patents give inventors exclusive rights to sell a product for a specific period of time. Copyrights are legal protections that protect a product from being copied by others for an unlimited period of time. Patents give inventors exclusive rights to sell a product for a

Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $ 7.50 Direct labor 5 hours at $7.50 per hour 37.50 Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 $ 70,200 Direct material used 23,100 pounds at $2.70 62,370 Direct labor 40,100 hours at $7.30 292,730 Use the information to compute the following variances. The direct-material quantity variance is:

Which of the following statements regarding employer reporting of pension trust funds is not correct? Group of answer choices Contributions by the governmental funds are recorded as expenditures in the General Fund. The net pension liabilities of proprietary fund employees are reported in the proprietary fund-basis statements. The net pension liability is reported in the government-wide financial statements. The net pension liability is reported in the governmental fund financial statements. Re-watch Continue Play 17:49 19:44 Question 1, Answered Question 2, Answered Question 3, Answered Question 4, Unanswered Question 5, Unanswered Volume Playback Speed 1x 1x Media Quality Full Screen Playback Speed Play Volume Media Quality Full Screen Details Quiz Results

Market researchers often report disposable income. This is your income after tax deductions. Your gross income is $4,000 per month. Your federal tax is 10%, state tax is 7%, city tax is 3%, and you pay 7% to social security. What is your monthly disposable income?
A) $2,000
B) $2,920
C) $3,092
D) $4,022

This picture of gas stations BEST illustrates which aspect of a market economy?
A
credit
B
competition
с
interest rates
D
opportunity cost

Mary Alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $420,000 per year for 25 years beginning today, or receiving one lump-sum amount today. Mary Alice can earn 6% investing this money. At what lump-sum payment amount would she be indifferent between the two alternatives

Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 31 percent for the next three years, with the growth rate falling off to a constant 6.1 percent thereafter. If the required return is 12 percent and the company just paid a dividend of $2.80, what is the current share price

Joe King has an annual income of $240,000. Joe is buying a $400,000 house in a very desirable area, sought after by buyers. He applies for a loan at the bank and is approved for fully amortizing 30-year FRM at an annual rate of 3.40%, with monthly payments, compounded monthly. The bank will not lend more than 80% LTV. The appraisal indicates the house is worth $375,000. Assuming he does not want PMI What is the biggest mortgage Joe can get

Matlock Company uses a periodic inventory system. Its beginning inventory consists of 50 units that cost $ 34 each. On June 3, the company purchased 150 units at $ 34 each. On June 15, the company sold 125 units at $ 50 each. Thecompany closes the books on June 30. The physical counts indicate that 75 units are available in the warehouse on June 30. Journalize the June transactions.

Shareholders in Frontier Communications were not pleased to learn that the company's market share had changed from 40 to 21 percentage points, a loss of 19 percentage points. What was the percent change in market share

Albert and his family sell beverages outside the stadium during local football matches. Local football matches take place every day because they are the main form of entertainment in the town. Albert knows that demand for beverages will depend on whom the local team is playing against. Albert has a large amount of beverages stored at home, and whatever does not get sold one day, will be stored for the next day. Based on the expected demand, Albert determines how many coolers will be needed for that day and rents the appropriate number of coolers from a local supplier (the only local supplier of coolers in town). The local supplier of coolers is an avid football fan and therefore opens the store only for a few hours early in the morning before the game. Once Albert has rented the coolers, the store closes until the next day. Which of the following statements are correct about Albert's business?A. For Georgina's business, the number of beverages is always a variable factor and the number of coolers is always a fixed factor. B. Before deciding how many coolers to rent, as long as the supply store is still open, Georgina is facing a long- run decision. C. Once Georgina has rented the coolers and the supplier has closed the store, Georgina is facing a long-run decision. D. Specifically for this problem, the long run could be described as roughly 24 hours. E. The long run is never less than 1 year.

gooQS 8-1 Cost of plant assets LO C1 Kegler Bowling buys scorekeeping equipment with an invoice cost of $160,000. The electrical work required for the installation costs $16,800. Additional costs are $3,360 for delivery and $11,530 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,550. What is the total recorded cost of the scorekeeping equipment

Explain with examples, the process of screening and evaluating new venture opportunities.

Mars Corporation merges into Jupiter Corporation by exchanging all of its assets for 300,000 shares of Jupiter stock valued at $2 per share and $100,000 cash. Wanda, the sole shareholder of Mars, surrenders her Mars stock (basis $900,000) and receives all of the Jupiter stock transferred to Mars plus the $100,000. How does Wanda treat this transaction on her tax return

As a project engineer, you received the AW analysis below from the finance department. It is for a new piece of equipment you ordered some months ago. You were told the interest rate used was 10% per year, but no first cost or projected salvage value was provided and you want to know them. Determine the values of P and S using the AW values for the year 3. Note: The AW values are equivalent values through the given year, not costs for the single year.

Suppose you are a euro-based investor who just sold shares of a U.S. company that you had bought six months ago. You had invested 10,000 euros to buy theshares for $120 per share; the exchange rate was $1.03 per euro. You sold the stock for $171 per share and converted the dollar proceeds into euro at the exchange rate of $0.94 per euro.

Required:
Compute the rate of return on your investment in euro terms.

Branford has one share of stock and one bond. The total value of the two securities is $1,200. The bond has a YTM of 10.2%, a coupon rate of 9.2%, and a face value of $1,000; pays semi-annual coupons with the next one expected in 6 months; and matures in 8 years. The stock pays annual dividends and the next dividend is expected to be $24.87 and paid in one year. The expected return for the stock is 15.2%. What is the price of the stock expected to be in 1 year?

Fenway Electronics produces video games in three market categories: commercial, home, and miniature. Fenway has traditionally allocated overhead costs to the three products using the companywide allocation base of direct labor hours. The company recently implemented an ABC system when it installed computer-controlled assembly stations that rendered the traditional costing system ineffective. In implementing the ABC system, the company identified the following activity cost pools and cost drivers:
Total Pooled
Category Cost Types of Costs Cost Driver
Unit $360,000 Indirect labor wages, supplies, factory utilities,
machine maintenance Machine hours
Batch 194,400 Materials handling, inventory storage, labor for
setups,packaging, labeling and shipping, Number of
scheduling production
orders
Product 105,600 Research and development Time spent
by research
department
Facility 300,000 Rent, general utilities, maintenance, facility
depreciation, admin. salaries Square
footage
Additional data for each of the product lines follow:
Commercial Home Miniature Total
Direct materials cost $25.00 /unit $15.00 /unit $12.00 /unit —
Direct labor cost $10.00 /hour $8.00 /hour $9.00 /hour —
Number of labor hours 6,000 12,000 2,000 20,000
Number of machine
hours 10,000 45,000 25,000 80,000
Number of production
orders 200 2,000 800 3,000
Research and
development time 10% 20% 70% 100%
Number of units 15,000 45,000 14,000 74,000
Square footage 20,000 50,000 30,000 100,000
Required:
1. Determine the total cost and cost per unit for each product line, assuming that overhead costs are allocated to each product line using direct labor hours as a companywide allocation base. Also determine the combined cost of all three product lines.
3. Determine the total cost and cost per unit for each product line, assuming that an ABC system is used to allocate overhead costs. Determine the combined cost of all three product lines.

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Drag each label to the correct location on the image.
Identify the features of stocks and bonds.

Blue Corporation leases equipment from Falls Company on January 1, 2020. The lease agreement does not transfer ownership, contain a bargain purchase option, and is not a specialized asset. It covers 3 years of the equipment's 8-year useful life, and the present value of the lease payments is less than 90% of the fair value of the asset leased. The annual lease payment is $37,000 at the beginning of each year, and Blue's incremental borrowing rate is 5%, which is the same as the lessor's implicit rate Prepare all the necessary journal entries for Falls Company (the lessor) for 2020, assuming the equipment is carried at a cost of $232,000.

The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collected the following data: The daily demand is 2500 units. The production lead time is 3 days (this includes processing time, transport time, and waiting time). Management has decided to have 1.5 days of safety stock. One container fits 250 units.How many kanban containers will be needed to support this system?

A machine that cost $121,000 has an estimated residual value of $11,000 and an estimated useful life of 11,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 2,000 hours in year 2, and 3,000 hours in year 3. Calculate its book value at the end of year 3. (Do not round intermediate calculations.)

At the beginning of 2017, Miyazaki Company's Accounts Receivable balance was $105,000, and the balance in Allowance for Doubtful Accounts was $1,950. Miyazaki's sales in 2017 were $787,500, 80% of which were on credit. Collections on account during the year were $502,500. The company wrote off $3,000 of uncollectible accounts during the year.

Required
a. Identify and analyze the transactions related to the sales, collections, and write-offs of accounts receivable during 2017.
b. Identify and analyze the adjustments to recognize bad debts assuming that (a) bad debts expense is 3% of credit sales and (b) amounts expected to be uncollectible are 6% of the yearend accounts receivable.
c. What is the net realizable value of accounts receivable on December 31, 2017, under each assumption in part (2)?
d. What effect does the recognition of bad debts expense have on the net realizable value? What effect does the write-off of accounts have on the net realizable value?

The Jones Company has a very limited return policy for its products, and a customer can only return an item with a store receipt. The Jones Company has established this return policy without any customer satisfaction research. While the Jones Company thinks its policy is fair, many customers do not. A service-providing firm like the Jones Company that does little or no customer satisfaction research is most likely to experience a gap between _______.

The project management plan is the output of the planning process of project _____. a. scope management b. procurement management c. integration management d. quality management

Bretts Construction Company had a contract starting April 2017, to construct a $6,000,000 building that is expected to be completed in September 2018, at an estimated cost of $5,500,000. At the end of 2017, the costs to date were $2,530,000 and the estimated total costs to complete had not changed. The progress billings during 2017 were $1,200,000 and the cash collected during 2017 was $800,000. For the year ended December 31, 2017, Bretts would recognize gross profit on the building of: