Answer: See explanation
Explanation:
Based on the information that has been given in the question, the MRP will be calculated as the multiplication of the total packages that was delivered by the revenue that was gotten from one package. This will be:
MRP = 1750 × 0.25
= $437.5
The MRC based on the question = $250
Based on the above, a profit of $187.5 ($437.5 - $250) will be earned.
Mary saw a bangle bracelet at an accessories shop that she liked and told her friend Susan that the most she would pay for it was $38.00. When she found out the price was $33.50, she immediately bought it and gained $
nothing in consumer surplus. (Enter your response rounded to two decimal places)
If Mary was to buy another bangle bracelet, her additional consumer surplus would
▼
.
Answer:
$4.50 and =$9.00
Explanation:
Consumer surplus is the difference between what a consumer is willing to pay for a good or service and its market price.
i.e., Consumer surplus = maximum willing price - actual price
Mary is willing to pay $38.00, and the market price is $33.50 .
The consumer surplus = $38 - $33.50
=$4.50
If Mary buys a second bracelet, total consumer surplus would be
=$4.50 x 2
=$9.00
Tamarisk Corporation acquired a 39% interest in Sheffield Company on January 1, 2021, for $490,000. At that time, Sheffield had 1,000,000 shares of its $1 par common stock issued and outstanding. During 2021, Sheffield paid cash dividends of $162,000 and thereafter declared and issued a 5% common stock dividend when the fair value was $2 per share. Sheffield's net income for 2021 was $356,000. What is the balance in Tamarisk's equity investment account at the end of 2021
Answer:
$565,660
Explanation:
Calculation for the balance in Tamarisk's equity investment account at the end of 2021
Cost$490,000
Share of net income $138,840
(.39 × $356,000)
Less Share of dividends ($63,180)
(.39 × $162,000)
Balance in equity investment account$565,660
Therefore the balance in Tamarisk's equity investment account at the end of 2021 will be $565,660
***ECONOMICS***Income tax is money that has to be paid to the government based on:
A. the amount of money a person earns.
B. the value of a person's home or land.
C. the cost of a product being purchased.
D. the number of cars a person owns.
Answer:
A: The amount of money a person earns
Explanation:
A-pex
Income tax is one of the most common types of taxes levied by governments around the world. It is usually calculated as a percentage of a person's taxable income, which is the amount of money that a person earns after certain deductions and exemptions have been taken into account.
On what factors does the specific rates depend upon ?The specific tax rates and income brackets vary depending on the country and the tax system in place. Some countries have a progressive income tax system, where the tax rate increases as income increases. Other countries have a flat tax system, where everyone pays the same tax rate regardless of their income.
In many countries, income tax is used to fund public services and programs, such as education, healthcare, infrastructure, and social welfare programs. The revenue generated from income tax is typically the largest source of government revenue in many countries.
In addition to federal or national income tax, many countries also have state or provincial income tax systems that levy additional taxes on top of the federal income tax. Some countries also have various tax credits, exemptions, and deductions that can reduce a person's taxable income and lower their overall tax burden.
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Data for January for Bondi Corporation and its two major business segments, North and South, appear below:
Sales revenues, North $ 548,000
Variable expenses, North $ 318,000
Traceable fixed expenses, Nort $ 65,600
Sales revenues, South $ 423,500
Variable expenses, South $ 241,600
Traceable fixed expenses, South $ 54,800
In addition, common fixed expenses totaled $148,600 and were allocated as follows: $77,200 to the North business segment and $71,400 to the South business segment.
A properly constructed segmented income statement in a contribution format would show that the segment margin of the North business segment is:
a. $87,200
b. $318,000
c. $164,400
d. $152,800
Answer:
Segment margin North= $164,400
Explanation:
Giving the following information:
Sales revenues= $548,000
Variable expenses= $318,000
Traceable fixed expenses= $65,600
To calculate the segment margin for the North division, we need to use the following formula:
Segment margin North= segment contribution margin - traceable fixed expense
Segment margin North= (548,000 - 318,000) - 65,600
Segment margin North= $164,400
Clear OKRs presented by MyFitnessPal enabled other divisions of Under Armour to align themselves with what MyFitnessPal was capable of and the momentum it had. MyFitnessPal was also able to use the OKR system to align with other divisions of Under Armour.
a) true
b) false
Answer:
a) true
Explanation:
OKRs means “Objectives and Key Results.” It is an organizational collaborative and goal-setting technique used by individuals, teams, and divisions to set challenging, ambitious, and attainable goals with measurable results. OKRs are used to track progress, create alignment, and encourage engagement around measurable goals. As a goal-setting framework for defining and tracking objectives and their outcomes, OKRs are different from Key Performance Indicators (KPIs), which measure performance within a strategic framework.
Which of the following statements about adjustments is correct? Multiple Choice Accrued wages are wages owed, but not yet paid, to employees; the accrued wages will need to be recorded with an adjusting entry that increases expenses. When making an adjustment to recognize supplies used in a period, total assets will not change. Deferral adjustments are used to update amounts that have been previously deferred on the income statement. Depreciation is an example of an accrual adjustment.
Answer:
The Statement that is correct about adjustments is:
Accrued wages are wages owed, but not yet paid, to employees; the accrued wages will need to be recorded with an adjusting entry that increases expenses.
Explanation:
Unpaid wages are adjusted with a debit to the Wages Expense account, which increases the account, and a credit to the Wages Payable account, which also increases the account by the same amount. The purpose of this accrual adjustment is to ensure that the amount reported as Wages Expense is the actual expense incurred for Wages, whether actually paid or not, and thus report the accurate net income and liabilities for the period.
If the Fed were to unexpectedly increase the money supply, creditors would gain at the expense of debtors. a. True b. False
Answer: False
Explanation:
It should be noted that when the Fed unexpectedly increase the money supply, the debtors would gain at the expense of the creditors.
This is because when the Fed increase the money supply, there will more money in circulation which means that money will lose its value. In this case, the debtor gains at the expenses of the creditor because when the creditor collects the money back, it won't be as valuable as before as the value has reduced
Bramble Corp. purchased a truck at the beginning of 2020 for $109000. The truck is estimated to have a salvage value of $3700 and a useful life of 121000 miles. It was driven 21000 miles in 2020 and 29000 miles in 2021. What is the depreciation expense for 2021
Answer:
2020 = 18275.206
2021 = 25237.190
Explanation:
Cost of truck at beginning of 2020 = $109,000
Salvage value = $3700
Useful life = 121,000 miles
Miles driven in 2020 = 21000
Miles driven in 2021 = 29000
Depreciation expense 2020:
((Cost of asset - salvage value) / useful life) * miles driven in 2020
((109,000 - 3700) / 121000) * 21000
0.8702479 * 21000 = 18275.206
Depreciation expense 2021:
((109,000 - 3700) / 121000) * 29000
= 25237.190
A purchase ledger control account contains the totals of accounts for:
A. Income of the business
B. Suppliers who provide goods on credit
C. Expenses of the business
D.Customers who buy goods on credit.
E. None of these
Select the correct answer.
Video game deslgners can do visual deslgn or progranming
A True
B.False
Answer:
A.
Explanation:
Answer:
A
Explanation:
The answer is A , its true
On July 1, 2018, Larkin Co. purchased a $440,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2018 as follows: Demolition of existing building on site Legal and other fees to close escrow Proceeds from sale of demolition scrap $65,000 13,500 9,400
What would be the balance in the land account as of December 31, 2018?
a) $440,000.
b) $505,000.
Answer:
The balance in the land account as of December 31, 2018 woulf be $509,100.
Explanation:
Note: The data in the question are merged together. They are therefore sorted before answering the question by representing the question as follows:
On July 1, 2018, Larkin Co. purchased a $440,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2018 as follows:
Demolition of existing building on site = $65,000
Legal and other fees to close escrow = $13,500
Proceeds from sale of demolition scrap = $9,400
What would be the balance in the land account as of December 31, 2018?
The explanation to the answer is now given as follows:
The balance in the land account as of December 31, 2018 can be calculated using the following formula:
Balance in the land account as of December 31, 2018 = Purchase price + Demolition of existing building on site + Legal and other fees to close escrow - Proceeds from sale of demolition scrap ..................... (1)
Substituting the relevant values from the question into equation (1), we have:
Balance in the land account as of December 31, 2018 = $440,000 + $65,000 + $13,500 - $9,400 = $509,100
Therefore, the balance in the land account as of December 31, 2018 woulf be $509,100.
This company purchased a truck at a cost of $12,000. The truck has an estimated residual value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2012, and was used 27,000 hours in 2012 and 26,000 hours in 2013. Refer to Fabian Woodworks. If the company uses the units-of-production method, what is the depreciation rate per hour for the equipment
Answer:
The correct answer is $0.10 per hour
Explanation:
According to the scenario, the calculation of the depreciation rate per hour using the units-of-production method is as follows
= (Purchase cost - estimated residual value) ÷ (estimated hours of operation)
= ($12,000 - $2,000) ÷ (100,000 hours)
= ($10,000) ÷ (100,000 hours)
= $0.10
hence, the depreciation rate per hour for the equipment is $0.10
Secondary data consist of ________. Group of answer choices information collected for the specific purpose at hand data that does not age information that already exists somewhere, having been collected for another purpose information collected from conducting personal, in-depth interviews data that is unreliable and unsuitable for the purpose of making marketing decisions
Answer:
information that already exists somewhere, having been collected for another purpose
Explanation:
In data collection there are two main types based in the source and the purpose for which it is collected.
Primary data collection is done mainly for a particular purpose. It is the first time data is collected for that reason.
Secondary data is one that is collected from primary sources. It is collected from data compiled for other purposes in the past.
The data is now seen as being useful for another activity so it is reused.
Examples are information from newspapers, diaries, transcripts, and financial statements
A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expense totaled $47,000 for the year, and departmental sales were as follows. Allocate advertising expense to Department T based on departmental sales.
Department S $109,000
Department T 218,850
Department U 142,150
Total 470,000
a) $47,000.
b) $21,885.
c) $10,900.
d) $16,567.
e) $13,900.
Answer:
Allocated advertising = $21,885
Explanation:
Giving the following information:
Advertising expense= $47,000
Sales:
Department S $109,000
Department T 218,850
Department U 142,150
Total 470,000
First, we need to calculate the proportion of sales of Department T:
Sales proportion Department T= 218,850 / 470,000= 0.4656
Now, we can allocate advertising costs:
Allocated advertising = 47,000*0.4656
Allocated advertising = $21,884
Which of the following statements is NOT correct on service A. Services are time sensitive and cannot be stored or inventoried for future use. B. Services are acts or deeds that can be touched. C. A service system includes the service delivery process and all of the different elements of the organization required to support it. D. More people now work in the service section than in the agriculture section worldwide.
Answer:
B. Services are acts or deeds that can be touched.
Explanation:
A service can be defined as a collection of intangible goods that are being offered by a service provider to the end user in order to meet their needs or requirements.
Some of the characteristics and features of a service includes;
1. Services are time sensitive and cannot be stored or inventoried for future use.
2. A service system includes the service delivery process and all of the different elements of the organization required to support it.
3. More people now work in the service section than in the agriculture section worldwide
Hence, the statement which is not correct about service is that, services are acts or deeds that can be touched.
can a country expereince economic growth without economic develooment ?
Company A purchases cases of fertilizer for its lawn-care business from a supplier who charges $30 per order and $50 per case. Each case consists of five bags of fertilizer. Company A needs 2,000 bags of fertilizer a year. Company A’s annual holding costs are 30%. If Company A only has room to hold 25 cases of fertilizer, how many cases should Company A order each time to minimize the total holding and ordering cost?
Answer:
EOQ = √2DS/H
Annual demand = 2000 bags/5 = 400 cases
Order cost = $030
Holding cost = 50*0.30 = $15
EOQ = √2*400*30/15
EOQ = √1600
EOQ = 40
The Economic order quantity = 40. In order to minimize the total cost, the company should order 40 units. However, since Company A only has room to hold 25 cases of fertilizer, therefore, it should order 25 cases each time.
The manager of a crew that installs carpeting has tracked the crew's output over the past several weeks, obtaining these figures.
Week Crew Size Yards Installed
1 4 96
2 3 72
3 4 92
4 2 50
5 3 69
6 2 52
What is the week with the highest labor productivity?
Answer: Week 6
Explanation:
Labor productivity = Yards installed/ Crew size
Week 1 = 96/4 = 24
Week 2 = 72/3 = 24
Week 3 = 92/4 = 23
Week 4 = 50/2 = 25
Week 5 = 69/3 = 23
Week 6 = 52/2 = 26
Week 6 is highest with 26 yards per crew.
Which describes a type of tax that people pay on more they earn?
A. Flat tax
B. Income tax
C. Purchase tax
D. Progressive tax
What are examples of professional organizations? Check all that apply.
Answer:
AABB (formerly American Association of Blood Banks)
Academy of International Business (AIB)
Academy of Management (AOM)
American Institute of Certified Public Accountants (AICPA)
Association for the Advancement of Cost Engineering (AACE International)
Association for Computing Machinery (ACM)
Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased 35,000 pounds Standard price of direct materials $ 8.00 per pound Material price variance $ 7,000 Unfavorable Material quantity variance $ 7,500 Favorable The actual price per pound of direct materials purchased in June was: Multiple Choice $7.76 per pound $8.00 per pound $8.20 per pound $8.24 per pound
Answer:
$8.20 per pound
Explanation:
The computation of the actual price per pound is shown below:
Material price variance = (Standard price per pound - Actual price per pound) × Actual quantity purchased
-$7,000 = ($8.00 - Actual price per pound) × 35,000
$8.00 - Actual price per pound = -$7,000 ÷ 35,000
Actual price per pound = $8.20 per pound
Hence, the actual price per pound is $8.20 per pound
We simply applied the above formula so that the correct value could come
And, the same is to be considered
An agency contract is terminated by an act of the parties when the principal and the agent have mutually agreed on:
Answer:
Termination.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Hence, it is an important criteria that parties to a contract should be in agreement before proceeding to execute the terms in the contract.
In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.
Therefore, an agency contract is terminated by an act of the parties when the principal and the agent have mutually agreed on termination.
An agency contract is terminated by an act of the parties when the principal and the agent have mutually agreed on termination of Agency.
Termination of Agency is often done sometimes by operation of Law. This is done on the death of either the agent or the principal, the agency is rightly terminated as a person cannot act on behalf of non-existent person.The parties can terminate the agency through mutual agreement. An agency relationship often needs the mutual assent of the parties and both the parties is entitled to the power to withdraw their assent.
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The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $21,000, would be replaced by a new machine. The new machine would be purchased for $420,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $145,000 per year in cash operating costs. The simple rate of return on the investment is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)
Answer: 18.8%
Explanation:
Simple rate of return on investment = Incremental net operating income / investment
Incremental net income = Operating savings - Annual cost
= 145,000 - 420,000/6 years
= $75,000
Net investment = Cost of new machine - salvage value of old
= 420,000 - 21,000
= $399,000
Return on investment = 75,000/399,000
= 18.8%
Taco Time Corporation is evaluating an extra dividend versus a share repurchase. In either case, $22,000 would be spent. Current earnings are $3.70 per share, and the stock currently sells for $91 per share. There are 4,000 shares outstanding. Ignore taxes and other imperfections. What will the company’s EPS and PE ratio be under the two different scenarios? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Answer:
Under extra dividend:
EPS = $3.70
PE ratio = 23.11
Under Share Repurchase:
EPS = $3.94
PE ratio = 23.10
Explanation:
These can be calculated as follows:
Under extra dividend:
Dividend per Share = Amount to spend / Number of shares outstanding = $22,000 / 4,000 = $5.50
Stock Price per share after Dividend payment = Current stock price per share - Dividend per share = $91 - $5.50 = $85.50
EPS = Current EPS = Current Earning per share = $3.70
PE ratio = Price Earning ratio = Stock Price per share after Dividend payment / Current EPS = $85.50 / $3.70 = 23.11
Under Share Repurchase:
Shares repurchased = Amount to spend / Current stock price per share = $22,000 / $91 = 241.758241758242 shares
Current EPS before Share repurchase = $3.70
Total Earnings = Current EPS before Share repurchase * Number of shares outstanding = $3.70 * 4,000 = 14,800
Earnings per Share after Share repurchase = Total Earnings / (Number of shares outstanding - Shares repurchased) = $14,800 / (4,000 - 241.758241758242) = $3.94
P/E Ratio = Current stock price per share / Earnings per Share after Share repurchase = $91 / $3.94 = 23.10
Lusk Corporation produces and sells 15,800 units of Product X each month.
The selling price of Product X is $28 per unit, and variable expenses are $22 per unit.
A study has been made concerning whether Product X should be discontinued.
The study shows that $72,000 of the $108,000 in fixed expenses charged to Product X would not be avoidable, even if the product was discontinued.
If Product X is discontinued, the company's overall net operating income would:______.
a. decrease by $58,800 per month
b. Increase by $13,200 per month
c. increase by $49,200 per month
d. decrease by $49,200 per month
Answer:
a. decrease by $58,800 per month
Explanation:
The computation is shown below;
Particulars Amount
Contribution from product X $94,800 ($28 - $22) × 15,800 units
Less: Fixed cost -$108,000
Net loss avoided -$13,200
Non-avoidable fixed cost $72,000
The Total cost in case the product fall $58,800
Hence, the correct option is a.
Olive, the owner of Olive’s Orchard, contracts to sell its harvest to Pure Foods, Inc. Later Olive refuses to perform. Pure Foods files a suit to enforce the contract. Olive and Pure Foods are in a state that does not recognize the doctrine of unconscionability. To defend successfully against enforcement of the contract on similar grounds, Olive might rely on traditional notions of a. materiality. b. mistake. c. value. d. fraud.
Answer:
D)fraud
Explanation:
From the question, we are informed about Olive, the owner of Olive’s Orchard, contracts to sell its harvest to Pure Foods, Inc. Later Olive refuses to perform. Pure Foods files a suit to enforce the contract. Olive and Pure Foods are in a state that does not recognize the doctrine of unconscionability. To defend successfully against enforcement of the contract on similar grounds,. In this case, Olive might rely on traditional notions of a fraud. Fraud can be regarded as an act of deception which is intentional to deprive those that fall for it their legal right. It is activities that gives the perpetrator an unlawful gain or to deny a victim their right. It is carried out by people to get financial or personal gain in an unlawful manner. Some types of fraud that are common are are tax fraud, bankruptcy fraud. as well as credit card fraud,
multiple participants in a particular product's supply chain, the job of managing that integration is called ____.
Answer:
supply chain management
Explanation:
Supply chain management consists of drawing up control plans and actions that assist in the efficiency and effectiveness of the supply chain. As a supply chain is a set of integrated activities to achieve a final objective, it is necessary that each functional area of the chain is properly managed, tracing the best parameters and operations to all activities, coordinating and controlling resources and raw materials. raw materials to reduce costs and waste along the chain, faster processes, less stock, more training for those in charge, technology that facilitates work, etc., that is, management actions that provide continuous improvement, so that supply chain reaches the main goal of delivering the final product in the right quality, in the right quantity, at the right time to the right customer.
Concord Corporation sells its product for $50 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $9, direct labor $11, and variable overhead $4. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. The per unit manufacturing cost under absorption costing is $36. $38. $24. $20.
Answer:
unitary manufacturing cost= $36
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed manufacturing overhead:
unitary fixed manufacturing overhead= 720,000 / 60,000
unitary fixed manufacturing overhead= $12
Now, we can determine the unitary manufacturing cost:
unitary manufacturing cost= 9 + 11 + 4 + 12
unitary manufacturing cost= $36
QS 23-16 Product pricing LO P6 Garcia Co. sells snowboards. Each snowboard requires direct materials of $122, direct labor of $52, and variable overhead of $67. The company expects fixed overhead costs of $679,000 and fixed selling and administrative costs of $114,000 for the next year. It expects to produce and sell 12,200 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 10% of total cost
Answer:
Selling price= $336.6
Explanation:
Giving the following information:
Variable costs:
direct materials= $122
direct labor= $52
variable overhead= $67
Total unitary variable cost= $241
Total fixed costs= 679,000 + 114,000= $793,000
First, we need to calculate the total unitary cost:
Total unitary cost= (793,000/12,200) + 241
Total unitary cost= $306
Now, the selling price:
Selling price= 306*1.1
Selling price= $336.6
The broad scope seeks to attract a large group of applicants who have a high probability possessing the characteristics that are needed to perform a specific job and qualifications are specific and specialized.
A. True
B. False