Answer:
Merchandise purchases budget explanations only.
Explanation:
Hi, your question has missing information, however i have supplied explanations below.
A purchases budget is required to determine the quantities of purchases required for :
Resale - For MerchandisersUse in Production in case of ManufacturerHere is the structure of the merchandise purchases budget for Walker Company (Merchandiser).
Merchandise purchases budget
Month
Budgeted Sales x
Add Budgeted Inventory x
Total Purchases needed x
Less Budgeted Opening Inventory (x)
Budgeted Purchases x
As stated by the question : Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month.
Ending Inventory = Next months` sales x required percentage
Ending Inventory for one month say July becomes Opening Inventory for the following month (August) for our merchandise purchases budget.
Abbot Corporation reported pretax book income of $500,000. During the current year, the reserve for bad debts increased by $5,000. In addition, tax depreciation exceeded book depreciation by $40,000. Finally, Abbot received $3,000 of tax-exempt life insurance proceeds from the death of one of its officers. Abbot's current income tax expense or benefit would be:
Answer:
$157,080
Explanation:
Calculation to determine what Abbot's current income tax expense or benefit would be:
Current income tax expense or benefit=[($500,000 + $5,000 - $40,000 - $3,000)*34%]
Current income tax expense or benefit= $462,000* 34%
Current income tax expense or benefit=$157,080
Therefore Abbot's current income tax expense or benefit would be:$157,080
Which of the following scenarios are macroeconomic in nature? Select all that apply. Group of answer choices A firm is trying to decide whether it should expand into another state. Microsoft is considering buying another firm to help it expand its social media presence. The GDP of France has fallen to an inflation adjusted low. The U.S. unemployment rate falls to 8.5% in December. The central bank of the United States increased interest rates by 0.5%. A town passes a law to make it illegal for homeowners to burn leaves.
Answer:
The GDP of France has fallen to an inflation adjusted low.
The U.S. unemployment rate falls to 8.5% in December.
The central bank of the United States increased interest rates by 0.5%.
Explanation:
Economics encompasses how people use scarce resources.
Macroeconomics is commonly defined as the act of distributing or allocating the resources of an entire economy to achieve an aggregate economic goals. participants. The three scenarios above aim to achieve economic goals. The study of how groups of individuals choose to allocate the scarce resources available to them is very important in an economy.
1A.) Assume a simple economy where only burgers are traded. In a year, 100 burgers are traded at the rate of $5 per burger. Assume two scenarios:
a. The economy has $100 in the form of 20 pieces of $5 bills.
b. The economy has $100 in the form of 100 pieces of $1 bills.
Calculate the velocity of money for both situations.
1B.) For a country A, the GDP growth rate is 8 percent and inflation is 4 percent. If the velocity of money remains constant, what is the change in real money balances?
Answer:
a. 5
b. 5
1B. 8%
Explanation:
a. MV = PY
Money Supply * Velocity of money = Price level * Real GDP
100 * V = 5 * 100
100V = 500
V = 5
b. Velocity = 5
It will not change because the money supply for both questions is the same = $100.
1.B. Change in real money balances = 8%
The change in real money balances will be the same as the GDP growth rate if velocity is constant.
The price index was 150 in the first year, 142.5 in the second year, and 138.2 in the third year. The economy experienced:________
a. 5.0 percent deflation between the first and second years, and 3.0 percent deflation between the second and third years.
b. 7.5 percent deflation between the first and second years, and 4.3 percent deflation between the second and third years.
c. 5.3 percent inflation between the first and second years, and 4.1 percent inflation between the second and third years.
d. 7.5 percent inflation between the first and second years, and 4.3 percent inflation between the second and third years.
Answer:
The correct answer is:
5.0 percent deflation between the first and second years, and 3.0 percent deflation between the second and third years. (a)
Explanation:
to calculate the percentage deflation, we will simply calculate the percentage change in price between the years stated. This is calculated as follows:
% change = [tex]\%\ change = \frac{P_2 - P_1}{P_1} \times 100\\where:\\P_1 = initial\ price\ index\\P_2 = New\ price\ index\\for\ first\ and\ second\ years\\\therefore \%\ change = \frac{142.5 - 150}{150} = \frac{-7.5}{150}= -0.05 \times 100 = -5\%\\[/tex]
Note that the negative sign shows a deflation.
if you use the same method for years two and three, you should get -3%, using P₁ as 142.5 and p₂ as 138.2. Hence option 'a' is correct.
. Department C is the first stage of Cohen Corporation's production cycle. The following equivalent unit information is available for conversion costs for the month of September: Beginning work-in-process inventory (20% complete) 85,000 Started in September 1,430,000 Completed in September and transferred to Department D 1,210,000 Ending work-in-process inventory (80% complete) 305,000 Using the FIFO method, the equivalent units for the conversion cost calculation are:
Answer:
1,657,000 units
Explanation:
The FIFO method is concerned with the work done in the current production period.
Equivalent Units of Production - Conversion Costs
To finish Opening Work In Process ( 85,000 x 80%) 68,000
Started and Completed [(1,430,000 - 85,000) x 100%] 1,345,000
Ending Work In Process 305,000 x 80% 244,000
Total Equivalent Units of Production - Conversion Costs 1,657,000
therefore,
the equivalent units for the conversion cost calculation are: 1,657,000 units
small accounting firm is considering the purchase of a computer software package that would greatly reduce the amount of time needed to prepare tax forms. The software costs $2150 and this expense will be incurred immediately. The firm estimates that it will save $650 of cash flow at the end of each year beginning in one year for 5 consecutive years, and also save $1788 in year 6. What is the payback on the computer package
Answer:
Pay back period =3 years 4 months
Explanation:
The payback period is the estimated length of time it takes cash inflow from a project to recoup the cash outflow.
The payback period uses cash flows and not profit.
The payback period can be determined by accumulation the cash inflow consecutively to ascertain the length of time it will take the sum to equate the initial cost.
This will be done as follows:
The sum of the cash in flows for the first three years would equal
650× 3= 1,950
The balance required to equate 2,150 would be
balance = 2150-1950 = 200
Pay back period = 3 years + (200/650)× 12 months
= 3 years 3.6months
Pay back period =3 years 4 months
If a company was trying to find the best production strategy which maximized their total profits using an optimization model, the amount of time used in the Fabrication department is an example of Group of answer choices Parameter Objective function Decision variable Constraint
Answer: Constraint
Explanation:
The company data is not attached but this should be correct.
Constraints enable companies and entities to engage in sensitivity analysis which would enable them find out optimal quantities of production and production strategy.
Constraints show how much of something is needed to get something done so in making time the constraint, the company is trying to find out how much time is needed in the fabrication department for goods in order for profits to be maximized.
Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following:
Common stock, $6 par value, 110,000 shares authorized Preferred stock, 14 percent, par value $6 per share, 4,800 shares authorized During the year, the following transactions took place in the order presented:
A. Sold and issued 20,500 shares of common stock at $12 cash per share.
B. Sold and issued 1,200 shares of preferred stock at $16 cash per share.
C. At the end of the year, the accounts showed net income of $40,900. No dividends were declared.
Required:
Prepare the stockholders’ equity section of the balance sheet at the end of the year.
TANDY, INCORPORATED
Balance Sheet (Partial)
At December 31, this year
Stockholders’ equity:
Contributed capital:
Common stock
Preferred stock
Additional paid-in capital, common stock
Additional paid-in capital, preferred stock
Total contributed capital
Retained earnings
Total stockholders’ equity
Answer:
See below
Explanation:
Tandy Incorporated
Balance sheet (Partial)
At December 31,
Stockholder's equity :
Contributed capital :
Common stock
$123,000
Preferred stock
$7,200
Additional paid in capital common stock
$123,000
Additional paid in capital preferred
$12,000
Total contributed capital
$265,200
Retained earnings
$40,900
Total stockholder's equity
$306,100
Workings:
Common stock = Number of common shares issued × Par value of one common share
= 20,500 × $6
= $123,000
Preferred stock = Number of preferred shares issued × Par value of one preferred share
= 1,200 × $6
= $7,200
Additional paid in capital , common stock = Number of shares issued × ( issue price of one share - Par value of one share)
= 20,500 × ($12 - $6)
= 20,500 × $6
= $123,000
Additional paid in capital , preferred stock = Number of shares issued × (Issue price of one share - Par value of one share)
= 1,200 × ($16 - $6)
= 1,200 × $10
= $12,000
The Horstmeyer Corporation commenced operations early in 2021. A number of expenditures were made during 2021 that were debited to one account called intangible asset. A recap of the $176,500 balance in this account at the end of 2021 is as follows:
Date Transaction Amount
February 3 State incorporation fees and legal costs related to organizing the corporation $ 9,500
March 1 Fire insurance premium for three-year period 8,500
March 15 Purchased a copyright 25,000
April 30 Research and development costs 45,000
June 15 Legal fees for filing a patent on a new product resulting from an R&D project 5,500
September 30 Legal fee for successful defense of patent developed above 17,000
October 13 Entered into a 10-year franchise agreement with franchisor 45,000
Various Advertising costs 21,000
Total $ 176,500
Required:
Prepare the necessary journal entry to clear the intangible asset account and to set up accounts for separate intangible assets, other types of assets, and expenses indicated by the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answer:
Dr Organization cost expense $ 9,500
Dr Fire insurance $8,500
Dr Copyright $25,000
Dr Research and Development Expense $45,000
Dr Patent $22,500
Dr Franchise $45,000
Dr Advertising $21,000
Cr Intangible Asset $176,500
Explanation:
Preparation of the necessary journal entry to clear the intangible asset account and to set up accounts for separate intangible assets
Dr Organization cost expense $ 9,500
Dr Fire insurance $8,500
Dr Copyright $25,000
Dr Research and Development Expense $45,000
Dr Patent $22,500
($17,000 + $5500)
Dr Franchise $45,000
Dr Advertising $21,000
Cr Intangible Asset $176,500
($9,500+$8,500+$25,000++$45,000+$22,500+$45,000+$21,000)
(To clear the intangible asset account and to set up accounts for separate intangible assets)
g Foxx Company incurs $330000 overhead costs each year in its three main departments, setup ($15000), machining ($225000), and packing ($90000). The setup department performs 40 setups per year, the machining department works 5000 hours per year, and the packing department packs 500 orders per year. Information about Foxx’s two products is as follows: Product A1 Product B1 Number of setups 20 20 Machining hours 1000 4000 Orders packed 150 350 Number of products manufactured 600 400 Using ABC, how much overhead is assigned to Product A1 each year? $250500 $165000 $79500 $66000
Answer:
Total allocated costs= $79,500
Explanation:
First, we need to calculate the allocation rates:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
setup= 15,000/40= $375 per setup
machining= 225,000/5,000= $45 per hour
packing= 90,000/500= $180 per order
Now, we can allocate costs to Product A1:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
setup=375*20= 7,500
machining= 45*1,000= 45,000
packing= 180*150= 27,000
Total allocated costs= $79,500
define return economics.
Answer:
also known as a financial return, in its simplest terms, is the money made or lost on an investment over some period of time. A return can be expressed nominally as the change in dollar value of an investment over time.
Explanation:
Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $22,000 based on the belief that it would increase that division's sales by 13%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented
Answer:
hello your question is incomplete attached below is the complete question
1) attached below
2a) $19340
2b) yes
Explanation:
1) Prepare The contribution format income statement
variable cost :
east = 446,000 * 50% = 223,000
west = 600,000 * 47% = 282,000
central = 660,000 * 39% = 257400
attached below is the table ( screenshot from my excel )
2a) Determine how much the net operating income would increase
= ( Increase in contribution margin )- ( Increase in fixed cost )
= $41340 - $22,000 = $19340
where :
Increase in contribution margin = 318,000 * 13% = $41340
Increase in fixed cost = $22,000
2b) I will recommend the increased advertising because the increase in net operating income
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, whiclh pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 160,000 items were shipped to customers using 6,500 direct labor-hours. The company incurred a total of $20,800 in variable overhead costs.
According to the company's standards, 0.03 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.25 per direct labor-hour
Required:
1. What is the standard labor-hours allowed (SH) to ship 160,000 items to customers?
2. What is the standard variable overhead cost allowed (SH x SR) to ship 160,000 items to customers?
3. What is the variable overhead spending variance?
4. What is the variable overhead rate variance and the variable overhead efficiency variance?
(For requirements 3 and 4, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.)
1. Standard quantity of labor-hours allowed
2. Standard variable overhead cost allowed
3. Variable overhead spending variance
4. Variable overhead rate variance
Variable overhead efficiency variance
Answer:
1. Standard quantity of labor-hours allowed 4,800
2. Standard variable overhead cost allowed $15,600
3. Variable overhead spending variance 5,200 U
4. Variable overhead rate variance 325 F
5.Variable overhead efficiency variance 5,525 U
Explanation:
1. Calculation for Standard quantity of labor-hours allowed
Standard quantity of labor-hours allowed = 160,000*0.03
Standard quantity of labor-hours allowed= 4,800
Therefore Standard quantity of labor-hours allowed is 4,800
2. Calculatuon for Standard variable overhead cost allowed
Standard variable overhead cost allowed= 4,800*$3.25
Standard variable overhead cost allowed = $15,600
Therefore the Standard variable overhead cost allowed is $15,600
3. Calculation for Variable overhead spending variance
Variable overhead spending variance = $15,600 - $20,800
Variable overhead spending variance = 5,200 U
Therefore the Variable overhead spending variance is 5,200 U
4. Calculation for Variable overhead rate variance
Variable overhead rate variance= ($3.25 - $20,800/6,500)*6,500
Variable overhead rate variance=($3.25-$3.2)*6,500
Variable overhead rate variance= 325 F
Therefore The Variable overhead rate variance= 325 F
5. Calculation for Variable overhead efficiency variance
Variable overhead efficiency variance= (4,800-6,500)*3.25
Variable overhead efficiency variance = 1,700*3.25
Variable overhead efficiency variance= 5,525
Therefore the Variable overhead efficiency variance is 5,525 U
you are a consultant to a firm evaluating an expansion of its current business. The cash flow forecasts (in millions of dollar) for the project as follows: on the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.30. Assuming that the rate of return available on risk-free investments is 5% and that the expected rate of return on the market portfolio is 15% what is the net present value of the project
Question
you are a consultant to a firm evaluating an expansion of its current business. The cash flow forecasts (in millions of dollar) for the project as follows:
Year cashflow
0 -100
1-10 15
0n the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.30. Assuming that the rate of return available on risk-free investments is 5% and that the expected rate of return on the market portfolio is 15% what is the net present value of the project
Answer:
NPV= -$32.58
Explanation:
The net present value of the investment is the cash inflow from the investment discounted at required rate of return. The required rate of return can be determined using the the formula below:
Ke= Rf +β(Rm-Rf)
Ke =? , Rf- 5%,, Rm-15%, β- 1.30
Ke=5% + 1.30× (15-5)= 18%
The NPV = Present value of cash inflow - initial cost
= A×(1-(1+r)^(-10)/r - initial cost
A- 15, r-18%
NPV = 15× (1-1.18^(-10)/0.18 - 100= -32.58
NPV = -$32.58
The multiplier effect occurs when an initial increase (or decrease) in autonomous expenditure produces a greater increase (or decrease) in real GDP than the initial change. In which type of discretionary fiscal policy does the multiplier play a role? tax changes only neither government spending changes nor tax changes government spending changes only both government spending changes and tax changes Assume a marginal propensity to consume (MPC) of 0.5. Which discretionary fiscal policy would have a more pronounced impact on the economy? A 800 billion dollar increase in government spending, or a 800 billion dollar tax cut, would both have an equal impact on the economy. A 800 billion dollar increase in government spending would have a more pronounced impact on the economy. A 800 billion dollar tax cut would have a more pronounced impact on the economy.
Answer:
The answer is "Choice d and Choice b".
Explanation:
In question 1:
The multiplier effect is produced whenever an initial rise (or decrease) of self-employed market capitalization (or decreases) GDP Growth higher than the original change. Where both increases in public spending or adjustments in taxes are produced by a budgetary monetary strategy, a multiplier mostly on the economy plays a major role in public spending and new taxes.
In question 2:
This marginal demand risk of 0.5 would have a more noticeable influence on financial spending, via an 800 billion dollar increase in government expenditure. This will have more major economic effects on fiscal policy. More noticeable effects of increased spending will have on the aggregate throughout the economy.
The use of government budget funding policies to impact economic factors, particularly macroeconomic variables such as aggregate consumer spending, employment, inflation, and economic growth, is referred to as fiscal policy.
How is a fiscal policy that is discretionarily chosen?The multiplier impact occurs anytime an initial increase (or drop) in self-employed market capitalization (or reduces) GDP Growth that is greater than the original change.
When a fiscal monetary strategy produces both increases in public expenditure and tax adjustments, a multiplier based primarily on the economy plays a significant role in both public spending and new taxes.
This marginal demand risk of 0.5 would have a greater impact on financial expenditures, resulting in an 800 billion dollar rise in government spending.
This will have a greater impact on budgetary policy. The aggregate consequences of higher expenditure will be more visible throughout the economy.
Thus, Options B and D are correct.
For more information about discretionary fiscal policy refer to the link:
https://brainly.com/question/1114207
On 4/1, Renfro Corporation purchased for $765,000 a tract of land on which was located a warehouse and an office building. The following appraised values were collected concerning the property: Land, $300,000, Warehouse $200,000, Office building $400,000. What are the amounts that Renfro should record for the land, warehouse, and office building, respectively?
Answer:
Renfro Corporation
The amounts that Renfro should record for the land, warehouse, and office building, respectively are:
Land = $255,000
Warehouse = $170,000
Office building = $340,000
Explanation:
a) Data and Calculations:
Purchase price = $765,000
Appraised values of:
Land = $300,000
Warehouse = $200,000
Office building = $400,000
Total appraise value = $900,000
Apportionment of Purchase Price:
Land = $255,000 ($765,000/$900,000 * $300,000)
Warehouse = $170,000 ($765,000/$900,000 * $200,000)
Office building = $340,000 ($765,000/$900,000 * $400,000)
Total = $765,000
Elizabeth reports the following items for the current year: Nonbusiness capital gains $ 5,000 Nonbusiness capital losses (3,000) Interest income 3,000 Itemized deductions (including a $20,000 casualty loss in a Federal disaster area) (27,000) In calculating Elizabeth's net operating loss and with respect to these amounts only, what amount must be added back to taxable income (loss)
Answer: $2000
Explanation:
In calculating Elizabeth's net operating loss and with respect to these amounts only, the amount that must be added back to taxable income (loss) will be the difference between the nonbusiness capital gains and the nonbusiness capital losses. This will be:
= $5000 - $3000
= $2000
The standard deviation of the market-index portfolio is 35%. Stock A has a beta of 1.40 and a residual standard deviation of 45%.
a-1. Calculate the total variance of stock A if its beta is increased by 0.20?
a-2. Calculate the total variance of stock A if its residual standard deviation is increased by 7.54%?
b. An investor who currently holds the market-index portfolio decides to reduce the portfolio allocation to the market index to 90% and to invest 10% in stock A. Which of the following changes (an increase of 0.20 in beta or increase of 7.54% in residual standard deviation) will have a greater impact on the portfolio's standard deviation?
i. Both will have the same impact.
ii. Increase of .20 in beta will have a greater impact.
iii. Increase of 7.54% in the residual standard deviation will have a greater impact.
Answer:
a-1. Variance = Beta² * Standard deviation of market² + Residual standard deviation²
Beta increases by 0.2
= 1.4 + 0.2
= 1.6
Total variance
= 1.6² * 35%² + 45%²
= 51.61%
a-2. If residual value increases by 7.54% it becomes:
= 45 + 7.54
= 52.54%
Total variance
= 1.4² * 35%² + 52.54%²
= 51.61%
b. ii. Increase of .20 in beta will have a greater impact.
Portfolio standard deviation helps ascertain the effects of systematic risk on the portfolio. Beta is used to represent that systematic risk. A change in Beta will therefore affect standard deviation more because standard deviation shows the impact of beta as a representation of systematic risk.
At May 31, Metlock, Inc. has net sales of $340,000 and cost of goods available for sale of $278,500. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 36%. Estimated cost of ending inventory
Answer:
$60,900
Explanation:
The computation of the closing inventory is shown below:
As we know that
Gross profit = Sales - cost of goods sold
($340,000 × 36%) = $340,000 - cost of goods sold
$122,400 = $340,000 - cost of goods sold
So, the cost of goods sold is
= $217,600
Now the ending inventory is
= Cost of goods sold available for sale - cost of goods sold
= $278,500 - $217,600
= $60,900
Jayhawk Company reports current E&P of $450,000 and accumulated E&P of negative $297,500. Jayhawk distributed $500,000 to its sole shareholder, Christine Rock, on the last day of the year. Christine’s tax basis in her Jayhawk stock is $48,250
1. How much of the $500,000 distribution is treated as a dividend to Christine?
2. What is Christine’s tax basis in her Jayhawk stock after the distribution?
3. What is Jayhawk’s balance in accumulated E&P on the first day of next year?
Answer:
1. The amount of the distribution treated as a dividend to Christine is equal to $450,000.
2. The amount of Christine’s tax basis in her Jayhawk stock after the distribution is equal to $0.
3. Jayhawk's balance in accumulated E&P on the first day of next year is equal to the negative $297,500.
Explanation:
1. How much of the $500,000 distribution is treated as a dividend to Christine?
The amount of the distribution treated as a dividend to Christine is the equal to the current E&P of $450,000 reported by Jayhawk Company.
2. What is Christine’s tax basis in her Jayhawk stock after the distribution?
This can b determined as follows:
Tax basis in Jayhawk stock after distribution = Max of (0, Current E&P + Previous tax basis - Distribution by Jayhawk') = Max of (0, $450,000 + $48,250 - $500,000) = Max of (0, - $1,750) = $0
Therefore, the amount of Christine’s tax basis in her Jayhawk stock after the distribution is equal to $0.
3. What is Jayhawk’s balance in accumulated E&P on the first day of next year?
Jayhawk's balance in accumulated E&P on the first day of next year is equal to the negative $297,500. This is because all the E&P of last year is paid as dividend.
Roberta transfers property with a tax basis of $495 and a fair market value of $546 to a corporation in exchange for stock with a fair market value of $356 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $190 on the property transferred. What is the amount realized by Roberta in the exchange
Answer: $546
Explanation:
The amount realized by Roberta in the exchange will be gotten through the addition of the fair value of the stock that was acquired to the liability that's assumed by the corporation. This will be:
Fair value of stock acquired = $356
Add: Liability assumed by corporation = $190
Amount realised = $356 + $190 = $546
_________ are basic beliefs about right and wrong or philosophies that are pervasive in a society. For instance, in some countries, people believe that they should be able to set their personal goals and make their own decisions. In other countries, people believe that they they should consult their family members or other members of their collectives when setting their goals or making their decisions.
a. values attitudes
b. manners
c. customs
Answer:
A. Values
Explanation:
Although, the above explanations entails or encompasses what values are, manners and customs of people in a country; however, values is what summarizes the whole passage.
Values are what a given society holds in high esteem. They are basic and fundamental beliefs that controls actions in a given society. Values may be right or wrong according to the philosophies of those who believes in such, it is however very important because it helps a society determines what is important I.e something that is good, worthwhile and very much desirable.
The options are:
a. values
b. attitudes
c. manners
d. customs
Answer:
a. values
Explanation:
Values are defined as the concept of right and wrong behaviours within a society. This shapes acceptable behaviour within that society.
They are the motives that exists behind certain way of doing things.
Values therefore sets a ranking of how good and desirable a mode of behaviour is.
Examples of values include dependability, honesty, open mindedness, and consistency.
Mt Kinley is a strategy consulting firm that divides its consultants into three classes, associates, managers, and partners. The firm has been stable in size for the last 20 years, ignoring growth opportunities in the 90s, but also not suffering from a need to down-size in the recession. Specifically, there have been – and are expected to be – 200 associates, 60 managers, and 20 partners. The work environment at Mt Kinley is rather competitive. After 4 years of working as an associate, a consultant goes "either up or out", i.e. becomes a manager or is dismissed from the company. Similarly, after 6 years a manager either becomes a partner or is dismissed. The company recruits MBAs as associate consultants, no hires are made at the manager or partner level. A partner stays with the company for another 10 years (total of 20 years with the company). How many new MBA graduates does Mt Kinley have to hire every year? What is the probability that an incoming MBA graduate would make partner at Mt Kinley?
Answer:
1. 50 consultants per year
2. 4%
Explanation:
1. Calculation to determine How many new MBA graduates does Mt Kinley have to hire every year
Using this formula
Flow Rate of associates= Inventory / Flow Time
Let plug in the formula
Flow Rate of associates = 200 consultants / 4 years
Flow Rate of associates= 50 consultants per year
Therefore the numbers of MBA graduates that Mt Kinley have to hire every year is 50 consultants per year
2. Calculation to determine the probability that an incoming MBA graduate would make partner at Mt Kinley
First step is to calculate the Flow Rate of managers using this formula
Flow Rate of manager= Inventory / Flow Time
Let plug in the formula
Flow Rate of manager = 60 consultants / 6 years
Flow Rate of manager =10 consultants per year
Second step is to calculate the flow rate of partner using this formula
Flow rate of partner = Inventory/ Flow time
Let plug in the formula
Flow rate of partner = 20/10
Flow rate of partner = 2 partners per year
Third step is to calculate the probability of becoming a manager
Probability (Manager) = 10/50
Probability (Manager) = 20%
Fourth step is to calculate Probability of becoming a partner
Probability (Partner) = 2/10
Probability (Partner) = 20%
Now let calculate the probability that an incoming MBA graduate would make partner at Mt Kinley
Probability of MBA graduate becoming a partner = 20% x 20%
Probability of MBA graduate becoming a partner = 4%
Therefore the probability that an incoming MBA graduate would make partner at Mt Kinley is 4%
Congratulations! You just won your state lottery and will be receiving a check for $1 million. You have always wanted to own your own business and have noticed the increase in the number of food trucks in your local area. A new food truck with a kitchen and related equipment costs about $100,000. Other fixed costs include salaries, gas for the truck, and license fees and are estimated to be about $50,000 per year. You decide to offer traditional Mediterranean cuisine. Variable costs include food and beverages estimated at $6 per platter (meat, rice, vegetable and pita bread). Meals will be priced at $10. Calculate the break-even for your food truck business. After reviewing your break-even, what changes would you consider? Is this how you want to spend your lottery winnings?
Answer:
Explanation:
woABF
Answer:
no
Explanation:
Quick Connect manufactures high-tech cell phones. Quick Connect has a policy of adding a 25% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month: Output units 1500 phones Machine-hours 1100 hours Direct manufacturing labor-hours 1200 hours Direct materials per unit $23 Direct manufacturing labor per hour $9 Variable manufacturing overhead costs $214,500 Fixed manufacturing overhead costs $126,700 Product and process design costs $143,400 Marketing and distribution costs $154,045 Quick Connect Products is approached by an overseas customer to fulfill a one-time-only special order for 150 units. All cost relationships remain the same except for a one-time setup charge of $2025. No additional design, marketing, or distribution costs will be incurred. What is the minimum acceptable bid per unit on this one-time-only special order
Answer: $186.70
Explanation:
The minimum acceptable bid per unit on this one-time-only special order will be calculated as:
Direct material per unit = $23
Add: Direct labor (1200/1500) × $9 = $7.2
Add: Variable manufacturing overhead ($214500/$1500) = $143
Add: Special charge (2025/150) = $13.5
Minimum price = $23 + $7.2 + $143 + $13.5 = $186.70
Your family business produces a secret recipe salsa and distributes it through both smaller specialty stores and chain supermarkets. The chains have been demanding sizable discounts but you do not want to drop your prices to the specialty stores. When can you legally accommodate the chains without losing profits from the specialty stores
Answer:
We can make the chain supermarkets buy goods in bulk.
Explanation:
In the given scenario the chain supermarkets have been demanding heavy discounts on goods that you are selling to them.
Also you do not want the eventual price to the speciality stores to drop.
The solution will be to sell products in bulk to the chain supermarkets. This will meet their demand for larger discounts as price per unit of product will be lower with bulk purchase.
Then the speciality stores can still buy in small quantities for higher price.
This will accommodate the requirements from both stores.
Wilson Animal Feeds has developed the following data to calculate lower of cost or market for its products.
Large animals:
Cattle $320 $160
Horse 400 400
Small animals:
Cat $360 $320
Dog 120 90
Exotic pets:
Ferret $140 $112
Iguana 70 48
The costs to sell are 20% of selling price.
Required:
Determine the reported inventory value assuming the lower of cost and net realizable value rule is applied to classes of feeds.
Answer:
The total reported inventory value is $1,130.
Explanation:
Note: The data given the question are sorted and presented properly as follows:
Selling Price Cost
Large animals:
Cattle $320 $160
Horse 400 400
Small animals:
Cat $360 $320
Dog 120 90
Exotic pets:
Ferret $140 $112
Iguana 70 48
Based on the lower of cost and net realizable value rule, we select the lower and determine the reported inventory value as follows:
Details Value ($)
Large animals:
Cattle 160
Horse 400
Small animals:
Cat 320
Dog 90
Exotic pets:
Ferret 112
Iguana 48
Total value 1,130
Therefore, the total reported inventory value is $1,130.
Generally, a loan obtained from a bank will be a _____ loan.
A. Taxed
B. Term
C. Variable
D. Collateral-free
Answer:
Term
Explanation:
High Point Hotel (HPH) has $165,000 in accounts receivable. To finance a major purchase, the company assigns these receivables to Cross Town Bank. Which one of the following statements correctly describes this transaction? HPH will immediately receive $165,000 and will have no further obligation related to these receivables. HPH will receive some amount of cash immediately while maintaining full responsibility for any uncollected receivables. Cross Town Bank accepts full responsibility for the collection of the accounts receivables and, in exchange, immediately pays HPH a discounted value for its receivables. Cross Town Bank accepts full responsibility for collecting the accounts receivables and pays HPH a discounted price for the accounts collected after the normal collection period has elapsed. HPH receives the full amount of its receivables upon assignment but must reimburse Cross Town Bank for any uncollected account
Answer: HPH will receive some amount of cash immediately while maintaining full responsibility for any uncollected receivables
Explanation:
Since High Point Hotel (HPH) has $165,000 in accounts receivable and the company assigns these receivables to Cross Town Bank in order to finance a major purchase, it simply implies that HPH will receive some amount of cash immediately while maintaining full responsibility for any uncollected receivables.
Other options given are incorrect as they don't describe the transaction.
Individuals have two kidneys, but most of us need only one. People who have lost both kidneys through accident or disease must be hooked up to a dialysis machine, which cleanses waste from their bodies. Say a person who has two good kidneys offers to sell one of them to someone whose kidney function has been totally destroyed. The seller asks $30,000 for the kidney, and the person who has lost both kidneys accepts the offer. A. Who benefits from the deal
Answer:
Both do.
Explanation:
However, I will say that asking someone who would die without that kidney for $30,000 for something you can live without is kind of cruel. I would do it for free