Question Completion with Options:
A) marketing consultant.
B) brand manager.
C) operations analyst.
D) marketing intermediary
Answer:
Prime Cuts
Karen obviously serves in the job of:
A) marketing consultant.
Explanation:
Brand managers ensure that the image perceived by customers of Prime Cuts remains recognizable, up to date, and exciting. Brand managers promote and change the public perception of a brand's image. They ensure that the company's branding is consistent across advertising and other brand campaigns. A marketing consultant or manager ensures that prospective customers are reached with Prime Cuts in order to present them with the goods and to increase sales. She works to achieve effective marketing mix.
Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs are incurred. Journalize the entries to record the following transactions:
a. Purchased 2,450 units of copper tubing on account at $52.00 per unit. The standard price is $48.50 per unit.
b. Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners.
Answer:
A. Dr Materials $18,825
Dr Direct Materials Price Variance $8,575
Cr Accounts Payable $127,400
B. Dr Work in Process $97,000
Cr Direct Materials Quantity Variance $4,850
Cr Material 92,150
Explanation:
Preparation of the journal entries
A. Dr Materials $18,825
(2,450*$48.50 per unit)
Dr Direct Materials Price Variance $8,575
[2,450*($52.00 per unit-$48.50 per unit)]
Cr Accounts Payable $127,400
(2,450*$52.00 per unit)
B. Dr Work in Process $97,000
(200*10 units *$48.50)
Cr Direct Materials Quantity Variance $4,850
(2,000 units – 1,900 units) × $48.50
Cr Material 92,150
(1,900 × $48.50 )
The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation achieves the budgeted level of sales, what will be its margin of safety in dollars? (Do not round Intermediate calculations.): $1,020,000 8 08:49 Sales (51,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $278, 800 240, 100 100, 500 150, 100 119, 100 50, 100 929,700 90,300
a. $150300
b. $305302
c. $169,831
d. S234282
e. $327,539
Answer:
The correct option is 306,102 (i.e. the second option in the attached pdf file.). That is, the margin of safety is $306,102.
Explanation:
Note: This question contains some errors and its data are merged together. The original sorted question is therefor provided before answering the question. See the attached pdf file for the complete sorted question.
The explanation of the answers is now provided as follows:
Actual dollar sales = $1,020,000
Variable cost = Direct materials + Direct labor + Variable factory overhead + Variable marketing costs = $278,800 + $240,100 + $150,100 + $50,100 = $719,100
Contribution margin = Actual dollar Sales - Variable cost = $1,020,000 - $719,100 = $300,900
Contribution margin ratio = Contribution margin / Actual dollar sales = $300,900 / $1,020,000 = 0.295, or 29.50%
Fixed Cost = Fixed factory overhead + Fixed marketing costs = $100,500 + $110,100 = $210,600
Breakeven point in dollar dales = Fixed Cost / Contribution margin ratio = $210,600 / 29.50% = $713,898
Margin of safety = Actual dollar sales - Breakeven point in dollar dales = $1,020,000 - $713,898 = $306,102
From the attached pdf file, the correct option is 306,102 (i.e. the second option in the attached pdf file.). That is, the margin of safety is $306,102.
Galaxy Air, previously a no-growth firm, has two million shares outstanding. Until now, it consistently earned $20 million per year on its assets. (It has no debt and pays out all earnings as dividends. Its cost of capital is 10 percent.) Due to its newly appointed CEO, Galaxy Air is now able to squeeze out 1 percent annual growth by plowing back 5 percent of earnings. Calculate its stock price per share
Answer: $106.61
Explanation:
The following can be deduced from the information given:
Net Income = $20
Weighted Average no. of shares = 2
Earning per share (EPS) = $20/2 = $10
DPS =(100% - 5%) of EPS
= 95% × $10 = $9.5
Growth Rate (g) = 1%
Cost of equity (Ke) = 10%
DPS1 = [9.5 × (1+0.01)] = 9.595
Price of Stock will now be
= Po = DPS1/(Ke-g)
= 9.595/(0.10-0.01)
= 106.61
In a responsive culture, _____. management does not expect the employees to challenge or change the status quo. employees feel free to make recommendations to management to change existing practices. management tends to be inward-looking and politically motivated. good ideas do not get communicated upward because management is not very approachable.
In a responsive culture, 'management does not expect the employees to challenge or change the status quo.'
Responsive culture in an organization conveys that it aims to give importance to the needs, and preferences of its customers and adapting to them accordingly. The employees, therefore, are not expected to show defiance against the current circumstances or requirements. They are rather expected to adapt to the present circumstances and serve their customers with the best of their abilities and cater to their demands effectively and efficiently.Learn more about 'Business culture' here:
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Paul's new plans created a crisis situation for the deli. When Paul initially met with his team, he emphasized the importance of pleasing customers, despite the changes he was suggesting. He outlines each team member's work and the expected output for the next two weeks. At the end of the meeting, it is understood that every person who remains at the deli will put in extra hours of work. Nobody questions Paul because they feel his decision cannot be altered. What ethical lines did Paul cross in this situation
Answer:
Analyzing the above scenario, it is correct to state that manager Paul crossed ethical boundaries in this situation because he did not offer clear and assertive communication to team members.
What happened was that he did not communicate his decision bi-directionally, that is, he did not allow his decision to change the work to receive feedback from the team, although the established changes would impact the way the team performs its work, so it can to say that Paul used his hierarchical position to express his authority, which meant that there were no questions because the workers felt that the manager's decision could not be changed.
In a work environment, bidirectional communication is essential, the leader must guide his team strategically to achieve organizational goals, but receiving feedback from employees is essential to maintain a work environment focused on development, creativity, motivation and productivity.
Happy Lawn Company started a lawn services business on January 1, 20X1 (so all account balances were zero on January 1, 20X1). It sends invoices to its customers for lawn maintenance services at the end of each month, and expects the customer to pay within 30 days. All of these sales were made on credit. During 20X1, cash collected from its customers totaled $750,000 for services rendered during the year. At the end of 20X1, the Accounts Receivable for Happy Lawn had a balance of $60,000. After all write-offs but before the year-end adjusting entry, the Allowance for Doubtful Accounts had a debit balance of $4,000.
Assume that Happy Lawn uses the percentage of credit sales method (to directly calculate the bad debt expense) instead of the aging method, and it is estimated that it will not collect 1% of the total credit sales.
Required:
Under this assumption what is Happy Lawn's 20X1 Bad Debt Expense?
Answer:
$754,000
Explanation:
Calculation to determine Happy Lawn's 20X1 Bad Debt Expense?
Using this formula
Bad Debt Expense=Cash collected +
Allowance for Doubtful Accounts debit balance
Let plug in the formula
Bad Debt Expense=$750,000+$4,000
Bad Debt Expense=$754,000
Therefore Happy Lawn's 20X1 Bad Debt Expense is $744,000
Based on this given assumption, Happy Lawn's 20x1 Bad Debt Expense for the year is $12,140 ($8,140 + $4,000).
Data and Calculations:
Cash collected during 20X1 = $750,000
Accounts Receivable balance at year-end = $60,000
Doubtful Accounts after write-offs = $4,000
The total credit sales = $814,000 ($750,000 + $60,000 + $4,000)
Estimated uncollectible = 1% of total credit sales
Therefore, the uncollectible allowance (doubtful accounts) balance would be = $8,140 ($814,000 x 1%)
Thus, based on the assumption, Happy Lawn's 20x1 Bad Debt Expense is $12,140 ($8,140 + $4,000).
Learn more about using the percentage of credit sales method to calculate the bad debt expense here: https://brainly.com/question/14104071
Stephen is a graduate student at West University. He works part-time at the campus coffee shop earning $5,000 this year. Stephen also receives a $25,000 scholarship that pays for his tuition, fees, and books. What amount does Stephen include in his gross income
Answer:
5,000
Explanation:
Stephen is a graduate student at a university
He works part time at a shop where he earns 5,000 this is als like compensation
He receives $25,000 for scholarships
The amount Stephen includes in id groas income is 5,000
Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $259,000 and an estimated residual value of $7,400 is expected to have a useful operating life of 85,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.
Answer:
the depreciation expense is $592
Explanation:
The computation of the depreciation expense is shown below:
= (cost - residual value) ÷ useful operating life × operated in april month
= ($259,000 - $7,400) ÷ 85,000 hours × 200 hours
= $592
Hence, the depreciation expense is $592
The same should be considered and relevant too
Garcia Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. Cash proceeds exceed the sum of the fair value of the warrants and the face amount of the bonds. This excess is reported as:
Answer:
Discount on bond payable
Explanation:
since in the question it is mentioned that the company has issued the common stock warrants also the cash proceeds is more than the sum of the fair value + face value
So we presume that the bond are to be sold at the discount
Therefore the excess should be reported as the discount on bond payable
which of following budget would not be prepared by a retailer? Administrative, Sales, cash, production.
Answer:
Production.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year.
Basically, budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The key principle of supply chain management can be best summed up as collaboration between multiple firms. Thus, these multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.
A retailer can be defined as an individual or company that buys finished goods directly from a wholesaler and sells directly to the end users (consumers).
In this context, a retailer would prepare an administrative, sales and cash budget but certainly wouldn't prepare a production budget because retailers aren't saddled with the responsibility of producing goods.
Simply stated, a production budget would be prepared by a manufacturer or producer.
A company has long-lived tangible assets with a cost of $3.5 million; its Accumulated Depreciation account has a balance of $1.1 million. Which of the following statements is correct?
A. The book value of long-lived assets is $2.4 million.
B. The market value of long-lived assets is $3.5 million.
C. The carrying value of long-lived assets is $3.5 million.
D. The resale value of long-lived assets is $2.4 million
Answer:
A. The book value of long-lived assets is $2.4 million.
Explanation:
Given data :
The cost of the long-lived tangible assets = $ 3.5 million
Amount of depreciation account = $ 1.1 million
Therefore, the book value of the long lived asset is defined as the cost of the asset minus the accumulated depreciation.
i.e., Book value = 3.5 - 1.1
= $ 2.5 million
Thus the correct option is option (A).
Alpha Company, a business firm based in California, advertises its products on the Web to customers in all 50 states. In which of the following cases would a court in New Jersey be MOST LIKELY to exercise personal jurisdiction over Alpha under its long arm jurisdiction state (and U.S. constitutional law)?
a. Alpha only advertised without interactivity at its Web site.
b. Alpha conducted substantial business with New Jersey residents through its Web site.
c. Alpha interacted with New Jersey residents through its Web site.
d. None of the other answers describe proper grounds for personal jurisdiction in New Jersey.
Answer:
b. Alpha conducted substantial business with New Jersey residents through its Web site.
Explanation:
If Alpha conducted substantial business with any person living or being in New Jersey while doing so, then a New Jersey court will have jurisdiction over Alpha's business. A company can interact with its customers, for example, provide customer service for free, but if it makes business in the state, then it falls under the jurisdiction of the state.
The Avengers movie, produced by a subsidiary of Disney Studios, sold seven billion yuan worth of tickets in China in its first month of distribution. In terms of the National Income and Product Accounts, this represents:
A. An import of Chinese capital.
B. A demand for yuan on the foreign exchange markets
C. Lost employment for U.S. movie theaters.
D. An export of U.S. services.
Answer:
D. An export of U.S. services.
Explanation:
Since the avengers movie generated the subsidiary of Disney Studios that sold the 7 billion yuan worth tickets in china at the time of first month
so here the national income and the accounts related to the product shows the export of the united states services as the services are provided from one country to another due to this they sold 7 billion yuan tickets
Therefore the option d is correct
An outside supplier offers to provide Epsilon with all the units it needs at $60 per unit. If Epsilon buys from the supplier, the company will still incur 40% of its overhead. Epsilon should choose to: Multiple Choice Buy since the relevant cost to make it is $48. Buy since the relevant cost to make it is $72. Buy since the relevant cost to make it is $56. Make since the relevant cost to make it is $56. Make since the relevant cost to make it is $48.
Question Completion:
Epsilon Co. can produce a unit of product for the following:
Direct material $8
Direct labor 24
Overhead 40
Total costs per unit $72
Answer:
Epsilon Co.
Epsilon should choose to:
Make since the relevant cost to make it is $56.
Explanation:
a) Data and Calculations:
Direct material $8
Direct labor 24
Overhead 40
Total costs per unit $72
Relevant Costs:
Make Buy
Direct material $8
Direct labor 24
Overhead 24
Total costs per unit $56 $60
b) It costs Epsilon less to make the units than to buy from the outside supplier. The relevant cost excludes the 40% of the overhead that will still be incurred by Epsilon if it buys from the supplier. Relevantly, it costs Epsilon $56 per unit to make when compared to the unit cost of $60 to buy. In absolute terms, it will cost Epsilon $76 ($60 + $16) to buy as against $72 to make a unit of the part.
Budgeted Actual Overhead cost $909,000 $884,000 Machine hours 55,000 46,000 Direct labor hours 101,000 98,000 Overhead is applied on the basis of direct labor hours. (a) Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 12.25.)
Answer:
Missing word "(b) Determine the amount of overhead applied for the year?"
1. Predetermined overhead rate = Budgeted overhead / Budgeted direct labor hours
Predetermined overhead rate = $909,000 / 101,000
Predetermined overhead rate = $9 per DLH
2. Overhead applied = Actual hours * Overhead rate
Overhead applied = 98,000 * $9 per DLH
Overhead applied = $882,000
A firm has net working capital of $560, net fixed assets of $2,306, sales of $6,700, and current liabilities of $870. How many dollars worth of sales are generated from every $1 in total assets?
a. $1.70.
b. $2.52.
c. $1.63.
d. $1.87.
e. $2.09.
Answer:
1.79
Explanation:
Net working capital is $560
Net fixed assets is $2,306
Sales is $6,700
Liabilities is $870
Therefore the amount of dollar wort sales generated in every $1 can be calculated as follows
= 560+870
= 1,430
6700/1430+2,306
= 6700/3736
= 1.79×1
= 1.79
If a firm has a market beta of 0.9. is subject to an income tax rate of 35 percent, has a risk-free rate of 6 percent, a market risk premium of 7 percent, and has a market value of debt to market value of equity ratio of 60 percent, what does the market expect the firm to generate in terms of equity returns using CAPM?
a) 12.3%
b) 7%
c) 6%
d) 13%
Answer:
A
Explanation:
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
risk free + (beta x market premium)
6 + (0.9 X 7) = 12.3%
Suppose a mutual fund qualifies as having moderate risk if the standard deviation of its monthly rate of return is less than 5%. A mutual-fund rating agency randomly selects 24 months and determines the rate of return for a certain fund. The standard deviation of the rate of return is computed to be 4.54%. Is there sufficient evidence to conclude that the fund has moderate risk at the α=0.05 level of significance? A normal probability plot indicates that the monthly rates of return are normally distributed. What are the correct hypotheses for this test? The null hypothesis is H0
Answer:
H0 : σ = 5
H1 : σ < 5
there is no sufficient evidence to conclude that fund has moderate risk.
Explanation:
The hypothesis :
H0 : σ = 5
H1 : σ < 5
The test statistic using the Chisquare variance test :
χ² = (n-1)*s²/σ²
The sample size, s = 4.54
The sample size, n = 24
α = 0.05
Test statistic ;
χ² = [(24 - 1) * 4.54²] / 5²
χ² = (23 * 20.6116) / 25
χ² = 18.962
The Pvalue :
df = n - 1 = 24 - 1 = 23
Pvalue(0.05, 23) = 0.7034
Since Pvalue > α ; we fail to reject the Null ;
Hence, there is no sufficient evidence to conclude that fund has moderate risk.
who is the first lady president in the world
Answer:
Isabel Martínez de Perón
Explanation:
Isabel Martinez de Perón of Argentina was the very first woman or lady to serve as leader of a country as president, taking over as vice president following her husband died in 1974.
On July 21, 1960, Sirimavo Bandaranaike was chosen as the world's first women Prime Minister.
The quantity of money demanded is the Group of answer choices income and volume of profits that people and businesses would like to receive. average daily volume of bank account withdrawals. amount that people and businesses choose to hold. fraction of cash holdings in an average investment portfolio.
Answer:
The amount that people and businesses choose to hold.
Explanation:
The amount that people and businesses choose to hold.
The total demand for money is the total amount of money that people wants to hold and there are three main reasons for which money is being held. First is transactions related reason, second is the precautionary reason, and third is the speculative reason. The above three reasons push the people to hold the money that becomes the total demand for money.
Sheridan Industries reported actual sales of $2,125,000 and fixed costs of $562,275. The contribution margin ratio is 30%. Compute the margin of safety in dollars and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 52.7.)
Answer:
Margin of safety $250,750
Margin of safety ratio 11.8%
Explanation:
Computation for the margin of safety in dollars and the margin of safety ratio
First step is calculate the Break even point in dollars
Break even point in dollars = Fixed costs / Contribution margin ratio
Break even point in dollars=$562,275/0.30
Break even point in dollars = $1,874,250
Now let determine the the margin of safety in dollars and the margin of safety ratio
Margin of safety = Actual Sales - Break even sales
Margin of safety= $2,125,000 -$1,874,250
Margin of safety=$250,750
Margin of safety ratio= Margin of safety/Actual Sales
Margin of safety ratio = $250,750/$2,125,000
Margin of safety ratio = 0.118*100
Margin of safety ratio = 11.8%
Thereforethe margin of safety in dollars and the margin of safety ratio will be:
Margin of safety $250,750
Margin of safety ratio 11.8%
Bonita Industries has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales for Bonita are 20000 Standard and 80000 Supreme. Fixed expenses are $2100000. How many Standards would Bonita sell at the break-even point
Answer:
70,000 units
Explanation:
Step 1 : Determine the Sales Mix
Standard : Supreme
20000 : 80000
1 : 4
Step 2 : Determine the Overall Break even Point
Break even Point = Fixed Cost ÷ Contribution per unit
= $2100000÷ $30
= 70,000
Step 3 : Determine break-even point for Standards
Standards Break even point = 70,000 x 1
= 70,000 units
On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $31,000 in cash and giving a short-term note for $278,000. Legal fees paid were $2,220, delinquent taxes assumed were $15,700, and fees paid to remove an old building from the land were $20,800. Materials salvaged from the demolition of the building were sold for $4,600. A contractor was paid $939,400 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet.
Answer:
the cost of the land that should be reported on the balance sheet is $343,120
Explanation:
The calculation of the cost of the land that should be reported on the balance sheet is given below:
= cash payment + Short term note payable + legal fees paid + delinquent taxes + fees paid for removing out the old building - salvage value
= $31,000 + $278,000 + $2,220 + $15,700 + $20,800 - $4,600
= $343,120
hence, the cost of the land that should be reported on the balance sheet is $343,120
A company purchases and uses 40000 gallons of materials for which they paid $3 a gallon. The materials price variance was $90000 favorable. What is the standard price per gallon?
Answer:
the standard price per gallon is $5.25
Explanation:
the computation of the standard price per gallon is given below;
Materials Price Variance = Actual Quantity × (Standard Price - Actual Price)
$90,000 = 40,000 × (Standard Price - $3)
$2.25 = Standard Price - $3
Standard Price = $5.25
Hence, the standard price per gallon is $5.25
The same should be considered
Summarize the Product Development Process
The management of Tony Corporation is considering the purchase of a new machine costing $400,000. No residual value is expected. The company's desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909, 0.826, 0.751, 0.683, and 0.621, respectively. In addition to the foregoing information the following data is available. Year Income from Operations Net Cash Flow 1 $100,000 $180,000 2 40,000 120,000 3 20,000 100,000 4 10,000 53,000 5 10,000 71,000 The net present value for this investment is: Group of answer choices positive $55,200 positive $18,130 Negative $126,810 Negative $99,630
Answer:
positive $18,130
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in Year 0 = $-400,000
Cash flow in Year 1 = $180,000
Cash flow in 2 = 120,000
Cash flow in 3= 100,000
Cash flow in 4 = 53,000
Cash flow in 5 = 71,000
I = 10%
NPV = $18,130
To determine the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
A manufacturing firm has a marketable permit that currently allows for 150 tons of emissions. However, the marketable permit is shrinkable and the firm will only be allowed 100 tons of emissions next year. The manufacturing firm projects that its optimal emissions next year will be 160 tons. It is the best interest of the manufacturing firm to purchase permits allowing for _______ tons of emissions.
Answer: 60
Explanation:
Since we are given the information that the firm will only be allowed 100 tons of emissions next year while the manufacturing firm projects that its optimal emissions next year will be 160 tons, then it will be in the best interest of the manufacturing firm to purchase permits allowing for (160 - 100) = 60 tons of emissions.
The correct answer is 60 tons of emissions.
If farmer sam macdoanld can produce 200 pounds of cabbages and 0 pounds of patotes or 0 pound of cabbes and 100 pounds of potatoes and faces a linear produciton possiblies curve for his farm, the opportunity cost of production an additional pound of cabbage is:_____.
a. 1/2.
b. 2.
c. 100.
d. 200.
Using the Chipotle example we have discussed in class imagine that all employees are paid $15/hour, the grill costs $300, and each cash register costs $200. All other utensils and items come at zero cost. Applying the principles of business process improvement that we have discussed in class, what is the lowest cost Chipotle can achieve with the highest flow rate
Answer:
The correct answer will be "$620".
Explanation:
It is important to note that certain principles are involved in the process of streamlining business processes, including:
Interpersonal skills of the organizational leaders.Client focus entirely, defined objectives, accuracy, and so on., are encouraged.The lowest cost will be:
= [tex](15\times 8)+300+200[/tex]
= [tex]120+300+200[/tex]
= [tex]620[/tex] ($)
Chipotle can achieve the lowest cost of $ 620 with the highest flow rate. Thus, the correct answer would be "$ 620".
What are the principles of business process improvement?Collect User Information (UX), Customer Information (CX), and Organizational Change Management.Do not think that a change in technology will change your processes.Improve and renovate.End-to-end continuous improvement.The lowest cost can be achieved:
[tex]= (15\times8)+ \$200 + \$300\\\\= \$620[/tex]
Thus, the correct answer is $620, which is the lowest cost chipotle can achieve with the highest flow rate.
To learn more about business process improvement, refer to the link:
https://brainly.com/question/1276995
On January 2, 2017, the board of directors of Michael declared a 10% stock dividend to be distributed on February 15, 2017. The market price of Michael Company's common stock was $75 per share on January 2, 2017. On the date of declaration, the retained earnings account should be decreased by
Answer:
the decrease in the value of the retained earning is $172,500
Explanation:
The computation of the decrease in the value of the retained earning is given below:
The dividend of the stock is
= (25,000 shares - 2,000 shares) × 10% × $75
= $172,500
Since there is the stock dividend of $172,500 so it ultimately reduced the retained earning account by $172,500
