Answer:
the number of containers that should be used is 1.67 containers
Explanation:
The computation of the number of containers that should be used is as follows;
= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces
= 71 × 0.83 × (1 + 0.16) ÷ 41
= 1.67 containers
Here The time is converted from minutes to hour i.e
= 50 minutes ÷ 60 minutes
= 0.83
Hence, the number of containers that should be used is 1.67 containers
A firm conducted a market analysis and determined that a new wo
will remain the same, what change should occur initially to maxim
A)
The firm should increase output.
B)
The firm should decrease output.
O
The firm should keep productivity the same.
D)
The firm should raise costs other than labor.
Assume that a consumer has a given budget or income of $12 and that she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75. This means that, in order to buy two bananas, this consumer must forgo
Answer:
1 apple
Explanation:
Since in the question it is mentioned that if a consumer has a budget or income of $12 and she can purchased only two goods i.e. apple or banans and if the price of the apple is $1.50 and the price of banana is $0.75 so if she purchases two bananas so the consumer must forgo the one apple
hence, the same is to be considered
On holiday weekends thousands of people picnic in state parks. Some picnic areas become so overcrowded the benefit or value of picnicking diminishes to zero. An overcrowded picnic area is an example of
Answer:
Tragedy of the Commons
Explanation:
The Tragedy of the Commons is a short story used in economics to depict how using (or abusing of) public goods or services without any type of control or limitation actually ends up hurting society. In this case, since the state park is a public good and no one limits the number of users, if it gets too crowded, the users will not be able to benefit from it.
A pizza monopolist employing third-degree price discrimination charges students $10 per pizza and everyone else $15 per pizza Students must show the ID before they can get the discount The marginal cost of this monopolist is $5 whether or not the customer is a student. The price elasticity of demand for the students is
Answer:
The price elasticity of demand for the students is:
inelastic.
Explanation:
The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students. If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit. Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.
Company ABC provides a dependent care assistance flexible spending arrangement to its employees through a cafeteria plan. In addition, it provides occasional on-site dependent care to its employees at no cost. Emily, a single filing taxpayer and an employee of Company ABC, had $4,500 deducted from her pay for the dependent care flexible spending arrangement. In addition, Emily used the on-site dependent care several times. The fair market value of the on-site care was $700. Emily's Form W-2 should report $5,200 of dependent care assistance in Box 10. If all other conditions are met, what is the maximum amount excludable from gross income for the dependent care expenses Emily can report on her tax return
Answer:
Company ABC and Emily, a single filing taxpayer
The maximum amount excludable from Emily's gross income for the dependent care expenses, which Emily can report on her tax return is $3,000.
Explanation:
a) Data and Calculations for Emily:
Dependent care flexible spending arrangement deduction = $4,500
Fair market value of the on-site dependent care used = $700
Form W-2 reported dependent care assistance = $5,200
Maximum amount excludable from Emily's gross income for the dependent care expenses Emily can report on her tax return is $3,000.
b) According to the IRS records, Emily can exclude or deduct dependent care benefits provided by a dependent care benefit plan, an amount not exceeding $3,000 if one qualifying person was cared for or $6,000 if two or more qualifying persons were cared for. Since the number of persons cared for is not disclosed, it is assumed that Emily cared for only one qualifying person. Therefore, $3,000 is the maximum she is allowed to deduct.
Crawford Company's standard fixed overhead cost is $6.00 per direct labor hour based on budgeted fixed costs of $600,000. The standard allows 1 direct labor hours per unit. During 2011, Crawford produced 110,000 units of product, incurred $630,000 of fixed overhead costs, and recorded 212,000 actual hours of direct labor.
Required:
What is the activity level on which Crawford based its fixed overhead rate?
Answer:
The answer is "[tex]\$ \ 100,000 \ hours[/tex]"
Explanation:
Budgeted fixed cost [tex]= \$ 600,000[/tex]
labour hours [tex]= \frac{ \$ 6 }{hour}[/tex]
[tex]\text{overhead rate} = \frac{ \text{Budgeted fixed cost}}{labour\ hours}[/tex]
[tex]= \frac{\$ \ 600, 000}{\$ \ 6}\\\\= \$ \ 100,000 \ hours[/tex]
Pam exchanges a rental building, which has an adjusted basis of $36,000 and a tractor whose fmv was 25,000 for investment land which has a fair market value of $55,000. Pam basis in the tractor was 32,000. What is Pam’s basis of the investment land?
Answer:
$36,000
Explanation:
Based on the information given we were told that he exchanges a rental building that has an adjusted basis of the amount of $36,000 which means that Pam’s basis of the investment land will be the Adjusted basis of the amount $36,000.
Therefore Pam’s basis of the investment land will be $36,000
When a company issues 25,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include: Multiple Choice A credit to Common Stock for $250,000. Incorrect A debit to Cash for $25,000. A debit to Additional Paid-in Capital for $25,000. A credit to Additional Paid-in Capital for $225,000.
Answer:
A credit to Common Stock for $25,000
Explanation:
Based on the information given in a situation where a company issues 25,000 shares of $1 par value common stock for $10 per share, the journal entry for this issuance would include:A credit to Common Stock for $25,000
Dr Cash $250,000
Cr Common Stock 25,000
Cr Additional Paid-In Capital 225,000
($250,000-25,000)
A company's January 1, 2019 balance sheet reported total assets of $153,000 and total liabilities of $61,500. During January 2019, the company completed the following transactions:______. (A) paid a note payable using $11,500 cash (no interest was paid); (B) collected a $10,500 accounts receivable; (C) paid a $5,300 accounts payable; and (D) purchased a truck for $5,300 cash and by signing a $21,500 note payable from a bank. The company's January 31, 2019 balance sheet would report which of the following?Assets Liabilities Stockholders's Equity$163,000 $77,700 $85,300Assets Liabilities Stockholders's Equity$153,000 $61,500 $91,500Assets Liabilities Stockholders's Equity$174,500 $105,100 $69,400Assets Liabilities Stockholders's Equity$157,700 $66,200 $91,500
Answer:
ohh umm i know this is hard but you need to read the story if yoyr fone reading the story all the answer is on tg stirt
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687 is closest to:
Answer:
a. $259.70
Explanation:
Note: The full question is attached as picture below
Predetermined overhead rate = 2 + (294300/32700)
Predetermined overhead rate = $11
Job T687 Total cost = Direct materials cost + Direct labor cost + Overhead applied
Job T687 Total cost = 545 + 1090 + (20*11)
Job T687 Total cost = 545 + 1090 + 220
Job T687 Total cost = 1855
Cost per unit = $1,855 / $10
Cost per unit = $185.5
Selling price per unit = Cost per unit + Mark-up price
Selling price per unit = $185.5 + $185.5*40%
Selling price per unit = $185.5 + $74.20
Selling price per unit = $259.70
Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $140,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $40,000. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.) Cash payback periodenter the Cash payback period in years rounded to 2 decimal places years.
Answer:
3.5years
Explanation:
Computation for the cash payback period
First step is to calculate Net cash flow per year using this formula
Net cash flow per year = Cash inflow - Cash outflow
Let plug in the formula
Net cash flow per year= $80,000 - $40,000
Net cash flow per year= $40,000
Now let calculate Cash payback period using this formula
Cash payback period = Initial investment / Net cash flow per year
Let plug in the formula
Cash payback period = $140,000 / $40,000
Cash payback period= 3.5years
Therefore the Cash payback period is 3.5years
According to the condition, in Wayne Company as per the investment, the cash payback period is 3.50 years.
The payback period is the time required to recoup the cost of an investment or the amount of time required for an investor to break even.
Here,
Calculate the annual net income as follows:
Annual net income = Increase in annual revenue - increase in annual expenses
Annual net income = $80000 - $40000 = $40000
Calculate the cumulative cash flows as follows:
Years Cash flows Cumulative cash flows
0 ($140000) ($140000)
1 $40000 ($100000)
2 $40000 ($60000)
3 $40000 ($20000)
4 $40000 $20000
Calculate the cash-back period as follows:
= 3+($20000/$40000) = 3.50 years
Therefore, the cash payback period is 3.50 years.
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On July 1, 2020, Preston Tucker and Sons AutomobileCompany acquired real estate to construct a small combination office and warehouse building. Tuckerpaid $125,000 cash as a down payment and issued a $375,000 note payable; the note is due in 3 years with an interest rate of 6.75%. An old warehouse on the property was demolished at a cost of $21,800; the salvaged materials from the warehouse were sold for $1,500. Additional expenditures before construction began, included: $3,100 for attorney's fee pertaining to the real estate purchase, $7,500 for real estate broker's fee, $9,100 architect's fee for designing plans for the new office and warehouse, and $16,000 to put in driveways and a parking lot. Required (a) Determine the amount to be reported as the cost of the land. (b) For each cost not used in part (a), indicate the account to be debited.
Answer:
Preston Tucker and Sons Automobile Company
A. Cost of the land = $530,900
Building account:
Architect's fee for designing plans = $9,100
C. Driveways and Parking Lot:
Driveways and parking lot = $16,000
Explanation:
a) Data and Calculations:
Down payment = $125,000
Note payable = $375,000
Total = $500,000
Interest rate of note payable = 6.75%
Cost of demolishing warehouse = $20,300 ($21,800 - 1500)
Attorney's fee for real estate purchase = $3,100
Real estate broker's fee = $7,500
Architect's fee for designing plans = $9,100
Driveways and parking lot = 16,000
Cost of the Land:
Payment for the land = $500,000
Demolishing old warehouse 20,300
Attorney's and broker's fee 10,600
Total cost of the land = $530,900
Building account:
Architect's fee for designing plans = $9,100
Driveways and Parking Lot:
Driveways and parking lot = $16,000
Moss exchanges a warehouse for a building he will use as an office building. The adjusted basis of the warehouse is $600,000 and the fair market value of the office building is $350,000. In addition, Moss receives cash of $150,000. What is the recognized gain or loss and the basis of the office building?
Answer:
$0 and $450,000.
Explanation:
Calculation for What is the recognized gain or loss and the basis of the office building
Calculation for the recognized gain or loss
Using this formula
Recognized gain or loss =Amount realized -(Adjusted basis-Realized loss)
Let plug in the formula
Recognized gain or loss= ($350,000 + $150,000) -( $600,000-$100,000)
Recognized loss =($500,000-$500,000)
Recognized loss =$0
Therefore the Recognized loss will be $0
Calculation for the basis of the office building
Using this formula
Basis of the office building=FMV+Postponed loss
Let plug in the formula
Basis of the office building= $350,000+$100,000
Basis of the office building= $450,000
Therefore the Basis of the office building will be $450,000
Search the Internet for software that helps organizations perform strategic pan project selection, or project portfolio management. Summarize at least three tools and discuss whether or not you think these tools are good investments to two- page paper. Cite your references.
jones company has a target capital structure of 40% debt, 10% preferred stock, and 50% common equity. The company's after-tax cost of debt is 5.1% its cost of preferred stock is 6%, its cost of retained earnings is 13.6%, and its cost of new common stock is 22.9%. The company stock has a beta of 1.7 and the company marginal tax rate is 40%. What is the company's weighted average cost of capital if retained earnings are used to fund the common equity portion
Answer:
8.624%
Explanation:
Bond Kd = 5.1%
Preferred stock Kp = 6%
Retained earnings Ks = 13.6%
News shares Kn = 22.9%
Tax rate = 40%
WACC = (0.40*(1-t)Kd) + (0.10*Kp) + (0.50*Ks)
WACC = (0.40*(1-0.40)*5.1 + 0.10*6 + 0.50*13.6
WACC = 0.40*0.60*5.1 + 0.60 + 6.8
WACC = 1.224 + 0.60 + 6.8
WACC = 8.624%
Cougar Athletics is soliciting bids on a 3-year contract to produce 5,000 t-shirts per year to be given away at athletic events. You have decided to bid on the contract. It will cost you $4 per shirt in variable costs (buying plain t-shirts and paying an employee to imprint them) and $8,000 per year in fixed costs. A t-shirt printing machine will cost $17,500. The machine will be depreciated to zero over its 3-year life and it will not have any salvage value. There are no net working capital implications for the project. If your tax rate is 21% and your required return on this project is 12%, how much would you bid for the contract? State your answer as the annual sales amount (to 2 decimal places, $XX,XXX.XX), not the per-unit price. Write up your solutions by hand and email them to me after the exam (do NOT send a spreadsheet).
Answer:
$7.1345 per shirt
Explanation:
depreciation expense per year = $17,500 / 3 = $5,833
initial outlay = -$17,500
cash flow year 1 = [(5,000X - $20,000 - $8,000 - $5,833.33) x 0.79] + $5,833.33 = 3,950X - $20,895
cash flow year 2 = [(5,000X - $20,000 - $8,000 - $5,833.33) x 0.79] + $5,833.33 = 3,950X - $20,895
cash flow year 3 = [(5,000X - $20,000 - $8,000 - $5,833.33) x 0.79] + $5,833.33 = 3,950X - $20,895
$17,500 = (3,950X - $20,895)/1.12 + (3,950X - $20,895)/1.12² + (3,950X - $20,895)/1.12³
$17,500 = 3,526.79X - $18,656.25 + 3,148.92X - $16,657.37 + 2,811.53X - $14,872.65
$17,500 = 9,487.24X - $50,186.27
$67,686.27 = 9,487.24X
X = $67,686.27 / 9,487.24 = $7.1345 per shirt
Service variability means that ________. Group of answer choices services cannot be stored for later sale or use service quality depends on when, where, and how they are provided services cannot be seen, tasted, felt, heard, or smelled before they are bought services can be separated from their providers the evaluation of services is subjective and changes from customer to customer
Answer:
✓Services cannot be stored for later sale or use.
✓service quality depends on when, where, and how they are provided
Explanation:
Service variability can be explained as changes that occurs in quality of the same service as a result of the service coming from different vendors. This variation in change is as a result of nature of service, the time that is been
provided, as well as method bof delivery.I t should be noted that Service variability means that services cannot be stored for later sale or use and service quality depends on when, where, and how they are provided
ummary data for Mobic Inc. Job 1227, which was completed in 2021, are presented below: Bid price $ 450,000 Contract cost: 2020 (180,000 ) 2021 (195,000 ) Gross profit: 75,000 Estimated cost to complete: 12/31/2020 $ 200,000 12/31/2021 0 Assuming Mobic recognizes revenue upon project completion, what would gross profit have been in 2020 and 2021 (rounded to the nearest thousand)
Answer:
2020 = $0; 2021 = $75,000
Explanation:
Under completed contract method, all revenues and expenses are recognized upon project completion. Since Mobic Inc. recognizes revenue upon project completion, gross profit in 2020 will be $0 as there are no revenues and expenses recognized in 2020.
Since the contact is completed in 2021, the entire revenues and expenses will be recognized in 2021
Contract price = $450,000
Contract costs = $180,000 + $195,000 = $375,000
Gross profit = $450,000 - $375,000
Gross profit = $75,000
So, the entire gross profit of $75,000 will be recognized in 2021.
At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On January 30, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Bramble declared a 100% stock dividend on its common stock. Net income for 2021 was $1143000. In its 2021 financial statements, Bramble's 2021 earnings per common share should be
Answer:
the earning per common share is $3.83 per share
Explanation:
The computation of the earning per common share is shown below
= Net income ÷ weighted number of outstanding shares
= $1,143,000 ÷ (298,000 shares)
= $3.83 per share
We simply divided the net income from the weighted number of outstanding shares so that the earning per share could be determined
hence, the earning per common share is $3.83 per share
Frank Co. owns 30% of the voting common stock of Alex Services Inc. Frank uses the equity method to account for its investment. On January 1, 2021, the balance in the investment account was $800,000. During 2021, Alex Services reported net income of $150,000 and paid dividends of $40,000. Any excess of fair value over book value is attributable to goodwill with an indefinite life. What is the balance in the investment account as of December 31, 2021
Answer:
$833,000
Explanation:
Particulars Amount
Investment account balance January 1, 2021 $800,000
Add: 30% of Alex Services Inc $150,000 net income $45,000
Less: 30% of $40,000 dividends paid $12,000
Investment account balance December 31, 2021 $833,000
Companies that are concerned with boosting workplace morale, maximizing employees' productivity and creativity, and motivating employees to be more effective are concerned with:_______
a. human relations
b. behavior modification
c. sustainability
d. control systems
e. workplace capacity
Answer:
Companies that are concerned with boosting workplace morale, maximizing employees' productivity and creativity, and motivating employees to be more effective are concerned with:_______
e. workplace capacity
Explanation:
Workplace capacity is concerned with workers' welfare, workplace needs, work activity. It concentrates on ensuring the establishment of workplace morale and employee motivation in order to encourage the productivity and creativity of the workers. Every decision is centered around the workers' interest.
1. The capital structure weights used in computing the weighted average cost of capital: A. are based on the book values of total debt and total equity. B. are based on the market values of total debt and total equity. C. are restricted to the firm's debt and common stock only D. remain constant over time unless the firm issues new securities.
What trait are narcissists likely to have that is associated with leader emergence but not effectiveness?
a. high neuroticism
b. low openness to experience
c. high creativity
d. high introversion
e. low agreeableness
Answer:
c. high creativity
Explanation:
Narcissistic personality disorder is characterized by the behavior of an individual who has a great need to feel admired, this individual has a mental disorder that leads him to have an exacerbated perception of himself and his characteristics, having a vanity and a sense of very strong self-importance.
The characteristic that narcissists probably have and is associated with the emergence of the leader, but not effectiveness, may be high creativity, as such individuals can be creative in the sense of self-valuing themselves and their personal achievements, leading to even making up stories to feel valued, while the creativity present in a leader is focused on a vision of the business and management of a company and people, so it is correct to say that a leader's creativity aims to make business more efficient and improve working conditions of its employees.
2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
Do you think that the United States Federal Reserve has too much power and influence over our economy? Why or why not?
Consider the farmer and factory owner example. If we give the farmer the right to clean air, what can the factory owner do to convince the farmer to allow him to have dirtier air?
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,000 and payment terms of 2/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: A) $5,940. B) $5,880. C) $6,000. D) $6,120.
I need points so dont mind wat I'm putting
You are an employee within a company and are asked prepare a speech at your workplace on a topic of your choice for a group of international visitors from Saudi Arabia which would serve one of the following purposes: to inform, demonstrate, persuade, entertain or be ceremonial. As is the case for the topic of your speech, the choice is yours in terms of what the purpose of your speech will be but it is important to remember that the topic must pertain to some aspect of your company and its business; therefore, giving a speech about your love of ice cream sundaes for example, would not be appropriate. Also, you need to keep cultural sensitivities in mind regarding the content of your speech by paying attention to the themes of language, perception and ethnocentrism and how they relate to your Saudi Arabian visitors. Please feel free to consult the internet regarding Saudi Arabian culture and business practices.
Answer:
Going to introduce everyone's innovative Boeing 747, just one rare journey back to Mecca as well as Medina. Important fundamental preferences were mostly set out elsewhere.
Explanation:
New flight introduction:The Lufthansa institution does seem to be pleased to announce the implementation of such a continuous sign from its generalized international airport Frankfurt am Mainz once again to Medina but instead Mecca. Mostly as a result of the repurchase of the relatively improved Boeing 747 national carrier, which is extremely well disorganized with such as current developments, this makes it a blend seamlessly of luxurious lifestyle and convenience.
Settlement affiliation:The connection of peace treaty with either the 5-star campground throughout Mecca-Medina at either the discussion of the independent investigation but instead reply, a message of the organization had been established among both 4 unquestionable 5-star residences, during which our employees would have an illustration of beneficence at everyone's zenith.
Special rebate:Besides our prospective customers, registering for almost as wide a range because several decades before the actual early part including its Hajj Pilgrim, individuals would then give a discount Charge Card by the most excessive credit with €100.
Visa help:In something like a collaborative operation mostly with the Saudi Arabian Worldwide Refuge throughout Germany as well as one's cultural occasion including its Master Visa Leadership, a persuasive work has been conducted to offer our clients a parachute.
The Bouffard Department Stores, Inc., is a national retail chain with its headquarters located in New York City. The following cost data pertains to the operation for the month of May Corporate legal office salaries $68,000 Shoe Department cost of sales-Brentwood Store $29,000 Corporate headquarters building lease $86,000 Store manager's salary-Brentwood Store $12,000 Shoe Department sales commissions-Brentwood Store $5,000 Store utilities-Brentwood Store $10,000 Shoe Department manager's salary-Brentwood Store $4,000 Central warehouse lease cost $7,000 Janitorial costs-Brentwood Store $10,000 The Brentwood Store is located in the Midwest region. It is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves the Brentwood Store as well as other of the company's stores in the Midwest region . What is the total amount of the costs listed above that are direct costs of the Brentwood Shoe Department
Answer:
$38,000
Explanation:
What is the total amount of the costs listed above that are direct costs of the Brentwood Shoe Department?
Direct costs of the Shoe Department = Shoe Department cost of sales + Shoe Department sales commissions + Shoe Department manager's salary
Direct costs of the Shoe Department = $29,000 + $5,000 + $4,000
Direct costs of the Shoe Department = $38,000
So therefore, the total amount of the costs that are direct costs of the Brentwood Shoe Department is $38,000
The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense. Accounts receivable $ 445,000 Debit Allowance for Doubtful Accounts 1,350 Debit Net Sales 2,200,000 Credit All sales are made on credit. Based on past experience, the company estimates 2.0% of credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
Answer:
Debit Bad Debts Expense $44,000; Credit Allowance for Doubtful Accounts $44,000.
Explanation:
Bad debt Expenses = Sales * Uncollectible rate
= $2,200,000*2.0%
= $44,000
Date Account Titles and Explanation Debit Credit
Bad debt expenses $44,000
Allowances for doubtful accounts $44,000
(To record bad debt expenses)