Answer:
The expected profit is $8,117.57
Explanation:
The computation of the profit or loss that the company could expect is given below:
The Probability of non-faulty router is
= 1 - 0.02
= 0.98
Now
Expected profit/loss is
= 96 × (0.98 × 86.5 - 0.02 × 10.6)
= $8,117.57
hence, The expected profit is $8,117.57
Toàn cầu hóa có ảnh hưởng gì đến thế giới
Answer:
1. Globalization encourages economic growth within a country.
2. Globalization encourages the specialization of goods (product specialization) and as such facilitating the production of quality goods.
3. Globalization increases the types of goods and services that are made available in different countries around the world.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace.
Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Some of the ways in which globalization affects the world include the following;
1. Globalization encourages economic growth within a country.
2. Globalization encourages the specialization of goods (product specialization) and as such facilitating the production of quality goods.
3. Globalization increases the types of goods and services that are made available in different countries around the world.
During 2015, Orton Company earned net income of $464,000 which included deprecia-tion expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:
Increases Decreases
Accounts payable $45,000 Accounts receivable $12,000
Inventory 36,000 Accrued liabilities 24,000
Prepaid insurance 33,000
Calculate net cash flow from operating activities using indirect method:______.
Answer:
$572,000
Explanation:
Cash flow from operating activities
Net income $464,000
Adjustment for Non-Cash items :
Depreciation $78,000
Adjustment for Changes in Working Capital items :
Increase in Accounts payable $45,000
Increase in Inventory ($36,000)
Decrease in Accounts receivable $12,000
Decrease in Accrued liabilities ($24,000)
Decrease in Prepaid insurance $33,000
Net cash flow provided by operating activities $572,000
thus,
net cash flow from operating activities using indirect method is $572,000.
A company sells a product which has a unit sales price of $5, unit variable cost of $3 and total fixed costs of $150,000. The number of units the company must sell to break even is:___________.
A. 50,000 units.
B. 300,000 units.
C. 75,000 units.
D. 30,000 units.
Answer:
c
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
If the sales of a company exceeds the breakeven quantity, the firms is earning a profit.
If the company's sales is less than the Breakeven quantity , the firm is making losses that would not be recouped
Breakeven quantity = fixed cost / price – variable cost per unit
150,000 / (5 -3) = 75000
Using the high-low method, the fixed cost is calculated ______. Multiple select question. by adding the total cost to the variable cost using either the high or low level of activity before the variable cost is calculated after the variable cost per unit is calculated
Answer:
is calculated after the variable cost per unit is calculated
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities, etc.
On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses, etc.
Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.
Using the high-low method, the fixed cost is calculated : After the variable cost per unit is calculated.
What is costing?Costing refers to the measurement of the cost of production of goods and services whereby, the fixed costs and variable costs associated with production are examined.
Fixed costs are costs that do not vary with the level of output, while variable cost are cost that varies with the activity level.
Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.
Hence, using the high-low method, the fixed cost is calculated after the variable cost per unit is calculated.
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Janice has been invited to appear on a home improvement show for the remodel of her summerhouse in Maine. Janice asks Mary to wallpaper her house in anticipation of the home improvement, and requests expensive custom wallpaper and a very intricate design application, for which the wallpaper would cost $5000, plus labor. Mary, excited for a very large job for her solo business, orders the intricate wallpaper and blocks off her calendar for the amount of time it will take to complete the job. After the paper has been ordered, Mary asks some friends to be available to complete the job in time for the show. Janice is informed that she will not be on the show and notifies Mary that she will not need the wallpaper.
a. Does Mary have a case for re-imbursement?
b. Under what legal theory might she prevail and what are her damages, if any?
c. What ethical theories might be applicable?
Answer:
sorry I don't know.
Explanation:
Yes, Mary has a legal cause of reimbursement Under the legal theory of ethical violation.
What is ethical violation?A documented company's code of ethics, mission, vision, values, and culture are violated when something is spoken, published, or done that does so. Additionally, we are aware that moral transgressions laugh in the face of accepted social norms.
Most business professionals' ethical conduct is governed by codes of conduct. Business infractions including discrimination, safety issues, or poor working conditions are most frequently observed.
Additionally, fraud, theft, and conflicts of interest. Many of these cross the line into illegal territory that is dealt with outside the corporation and are not merely morally bad.
Customers may be charged for services they did not receive when there is improper or fraudulent billing. This occurs most frequently in professions where the person who pays the bill is different from the person who received the services.
Due to the frequency of this particular ethical breach, many insurance companies have started providing consumers with a list of services that may fall under this category, enticing them to report any irregularities.
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Broker Brad accidentally deposited his commission in the trust fund account instead of his business account. Because it remained in the account for more than 25 days, he is guilty of:
Answer:
Commingling non-trust funds with trust funds
Explanation:
Trust funds
This is simply known as money or other valuable items that is received by the broker on behalf of another individual.
Non-trust funds
This are simply real estate commissions, general operating funds, rents and deposits.
Commingling
This is simply the act of combining a client's money with the agent's personal funds and it is illegal. It is the act of putting or depositing rent and security deposit into the trust account. When a Commissioner audits the account and sees either commingling of trust funds, the court may issue an order to restrain the broker from further mishandling of trust funds and from practicing real estate. It is a violation of real estate law if the trust account is commingled and it is considered commingling when the trust funds are first deposited into the general brokerage account and then transferred to the trust account.
If a licensee is found guilty of conversion of trust funds
1. There will be a revoke the license of the licensee.
2. The assets of the licensee may be sold to recover the converted funds.
3. The receiver account may be imposed on the licensee's assets in order to find and recover the converted funds.
Marwick Corporation issues 8%, 5-year bonds with a par value of $1,100,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 6%.
What is the bond's issue (selling) price, assuming the following Present Value factors:
1n = i = Present value of an annuity Present value of 1
(Series of payments) (Single sum)
5 8% 3.9927 0.6806
10 4% 8.1109 0.6756
5 6% 4.2124 0.7473
10 3% 8.5302 0.7441
Answer: $1,193,838.80
Explanation:
The price of a bond is the sum of the present value of the coupon payments and the face value at maturity.
= Present value of coupon payments + Present value of face value at maturity
First adjust the variables for semi-annual:
Number of periods = 5 * 2 = 10 semi annual periods
Coupon payment = 8% * 1,100,000 * 1/2 years = $44,000
Yield = 6% / 2 = 3%
Present value of coupon payments:
The coupon payments are constant so are an annuity:
= Annuity * Present value of an annuity factor, 10 periods, 3%
= 44,000 * 8.5302
= $375,328.80
Present value of face value
= 1,100,000 * Present value of 1, 3%, 10 periods
= 1,100,000 * 0.7441
= $818,510
Selling price:
= 375,328.80 + 818,510
= $1,193,838.80
Spartan Corporation estimates that it will incur $200,000 of total manufacturing overhead cost at an estimated activity level of 10,000 direct labor-hours. What is the amount of manufacturing overhead that would be applied to a job that required 200 direct labor-hours?
a. $2,000.
b. $4,000.
c. $6,000.
d. $10,000.
Answer:
Spartan Corporation
The amount of manufacturing overhead that would be applied to a job that required 200 direct labor-hours is:
b. $4,000.
Explanation:
a) Data and Calculations:
Estimated manufacturing overhead = $200,000
Estimated activity level = 10,000 direct labor-hours
Predetermined overhead rate = $20 ($200,000/10,000) per direct labor-hour
Applied overhead to a job that required 200 direct labor-hours = $4,000 (200 * $20)
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $119,400 281,300 May 92,000 162,800 June 99,000 238,000 Using the high-low method, the variable cost per unit and the total fixed costs are a.$0.41 per unit and $27,351 b.$4.14 per unit and $5,470 c.$2.30 per unit and $5,470 d.$0.23 per unit and $54,701
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Total Cost Production (units)
April $119,400 281,300
May 92,000 162,800
June 99,000 238,000
To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (119,400 - 92,000) / (281,300 - 162,800)
Variable cost per unit= $0.231
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 119,400 - (0.231*281,300)
Fixed costs= $54,701
MC Qu. 138 Fortune Company's direct materials... Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months:JanuaryFebruaryMarch Material purchases$ 13,18015,29012,110 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $7,900. The expected January 31 Accounts Payable balance is:
Answer:
The answer is "$6,590".
Explanation:
If 50% of the purchase amount would be paid in the next month, the account payable in January will thus amount to 50% of the item purchased in January. In January, all accounts payable at the start of Dec will therefore not be added to the trade payables for January.
[tex]=\$ 13,180 \times 50\%\\\\=\$ 13,180 \times \frac{50}{100}\\\\=\frac{\$ 659000}{100}\\\\=\$ 6,590\\\\[/tex]
According to the interest parity condition, if the domestic interest rate is 12 percent and the foreign interest rate is 10 percent, then the expected _________ of the foreign currency must be _________ percent. Group of answer choices
Answer: Appreciation; 2%
Explanation:
From the information given in the question,
Domestic Interest rate = 12%
Foreign interest rate = 10%
Let's assume,
S = spot exchange rate
F = forward exchange rate,
Based on the per interest rate parity, the forward exchange rate will be:
F = S × (1 + 10%) / (1 + 12%) = 0.98x
F = S × (1+0.1)/(1+0.12) = 0.98x
Therefore, the forward exchange rate will be expected to fall by:
= 1 - 0.98
= 0.2
= 2%
Jenna is a single taxpayer. During 2018, she earned wages of $110,000. She doesn't itemize deductions, so she will take the standard deduction to calculate 2018 taxable income. In addition, during the year she sold common stock that she had owned for five years for a net profit of $7,800. How much does Jenna owe to the IRS for taxes
Answer:
Jenna
The amount of tax that Jenna owes to the IRS for taxes (Tax Liability) for 2018 is:
= $23,520.
Explanation:
a) Data and Calculations:
Earned wages for 2018 = $110,000
Standard deduction = (12,000) for a single taxpayer
Taxable income = 98,000
Capital gains from common stock = $7,800
Capital gains tax rate for a single = 0% (below $40,000)
Taxable income = $98,000
Tax rate (24%) for income over $82,500
Tax liability = $23,520 ($98,000 * 24%)
International Data Systems' information on revenue and costs is relevant only up to a sales volume of 121,000 units. After 121,000 units, the market becomes saturated and the price per unit falls from $10.00 to $6.80. Also, there are cost overruns at a production volume of over 121,000 units, and variable cost per unit goes up from $5.00 to $5.25. Fixed costs remain the same at $71,000.
Required:
a. Compute operating income at 121,000 units.
b. Compute operating income at 221,000 units.
Answer:
a. $534,000
b. $271,550
Explanation:
a. Compute operating income at 121,000 units
Using this formula
Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs
Let plug in the formula
Operating Income = ($10.00 - $5.00)*121,000 - $71,000
Operating Income = ($5.00)*121,000 - $71,000
Operating Income =$605,000-$71,000
Operating Income = $534,000
Therefore operating income at 121,000 units is $534,000
b. Compute operating income at 221,000 units
Using this formula
Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs
Let plug in the formula
Operating Income = ($6.80 - $5.25)*221,000 - $71,000
Operating Income = $1.55*221,000-$71,000
Operating Income = $342,550-$71,000
Operating Income = $271,550
Therefore operating income at 121,000 units at 221,000 units is $271,550
GDP data (billions of dollars)
Indirect business taxes $600
Depreciation 950
Change in business inventories 50
Compensation of employees 5,400
Corporate profits 700
Durable goods 600
Exports 100
Social Security taxes 360
Transfer payments 300
Fixed investment 950
Government spending 800
Imports 150
Net interest 500
Nondurable goods 2,000
Personal taxes 1,000
Rental income 200
Services 4,000
Using the expenditures approach, compute net exports (X-M). Which of the following is correct?
a. $5,178 billion.
b. $6,450 billion.
c. $5,740 billion.
d. $7,740 billion.
e. $8,350 billion.
Answer:
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While approaching a group of colleagues, Patrice overheard what she believed were inappropriate comments about another team member's physical attributes. Patrice mentioned the comments to her manager and indicated she was uncomfortable with colleagues speaking in that way in the workplace. As her manager, how should you respond
Answer:
The question is incomplete, the options are missing. The options are the following:
a) Suggest to Patrice that spreading negative information learned from eavesdropping is not healthy for the workplace.
b) Thank Patrice for speaking up and forward the item to a neutral third party for handling.
c) Immediately fire the team members who made the comments.
d) Contact the team member who was the subject of the comments to see if he or she was offended.
e) Thank Patrice for her input, but based on the harmlessness of the situation, take no further action.
And the correct answer is the option B: Thank Patrice for speaking up and forward the item to a neutral third party for handling.
Explanation:
To begin with, these kind of situations are most common than expected in the workplace so that is why that nowadays exist a lot of seminars about certain subjects that involves the behavior in the organization and furthermore there is the regular action of the Human Resources Department that takes cares of all the penalties and the solutions when it comes to subjects regarding the employees of the business and their relationship both with each other and with the company. So the correct way to act in this scenario would be to thank Patrice and tell her that the manager would inform to the Human Resources Department about it, being this last one a third party in the situation itself.
A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who sold it did not know the store owner, who was gone at the time of the sale, meant it to be sold for $1,200. Can the owner get the card back because of the minor’s lack of capacity? Why?
Answer: No. The owner cannot get the card back because of the minor’s lack of capacity
Explanation:
From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.
It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.
The baseball card will only be gotten if the minor wishes to give it back.
About 1.4 billion pounds of American, cheddar and other kinds of cheese is socked away at cold-storage warehouses across the country, the biggest stockpile since federal record-keeping began a century ago...Many [cheese companies] are paying to store their excess cheese in hopes demand and prices will improve. Source: Heather Haddon, "America Can't Move Its Cheese," Wall Street Journal, December 17, 2018. What effect did the strategy of warehousing cheese have on the supply of cheese? Using the line drawing tool, show the effect of cheese producers storing cheese in warehouses rather than offering it for sale. Properly label your line. Carefully follow the instructions above, and only draw the required object
Answer: See explanation
Explanation:
Since the cheese companies are paying to store their excess cheese in hopes demand and prices will improve, then this will bring about the reduction in the supply of cheese in the market but the demand for cheese will still be constant.
Due to the fact that there is shortage of supply, the supply curve will shift leftward and as a result of this, the price if cheese will increase and the quantity demanded by the customers will then decrease as a result of price increase.
A portfolio's return is the weighted average of each individual investment's return. However, a portfolio's risk is not the weighted average of each investment's standard deviation.
a. True
b. False
Risk means different things to different people, depending on the context and on how they feel about taking chances.
a. True
b. False
Answer:
you are true that the risk means different things to different people, depending on the context and on that they feel very happy about taking chances to do anything
Full service brokerage service includes: A. Origination, underwiritng, and sales B. Registration of securities, storage of securities, and execution of trades C. Execution of trades, investment advice, and margin credit D. Cash management service, private placements, and security distribution
Answer:
C. Execution of trades, investment advice, and margin credit
Explanation:
A full service brokerage firm provides different kind of services like trading, wealth management, etc. And, for giving these types of services it would charge to the clients on the commission basis. Also, it hels the clients via support them & facilitate them with respective to trading, buidling and managing the portfolios
Therefore, the option c is correct
Mack purchased a variable annuity with $50,000 premium deposits, which he splits equally between 2 subaccounts, at the time of purchase, the value of units in subaccount 1 was $25 and the value of units in subaccount 2 was $10.00, 6 months later the value of units in subaccount 1 increased to $30 and the value of units in subaccount 2 decreased to $8, What was the value of Mack's contract at that point?
Answer:
$50,000
Explanation:
Calculation to determine the value of Mack's contract at that point
First step is to calculate Units Purchased of Subaccount 1 using this formula
Units Purchased of Subaccount 1 = Amount of Premium deposit in Sub Account 1 /Unit Value of Sub Account 1
Let plug in the formula
Units Purchased of Subaccount 1 =($50,000/2 )/$25
Units Purchased of Subaccount 1 = $25000 / $25
Units Purchased of Subaccount 1 = 1000 Units
Second step is to calculate the Units Purchased of Subaccount 2 using this formula
Units Purchased of Subaccount 2= Amount of Premium deposit in Sub Account 2/Unit Value of Sub Account 2
Let plug in the formula
Units Purchased of Subaccount 2 =($50,000/2)/$10
Units Purchased of Subaccount 2 = $25000 / $10
Units Purchased of Subaccount 2 = 2500 Units
Now let determie the Value of Mark Contract at that point
Value of Mark Contract = (1000 * $30) + (2500 * $8)
Value of Mark Contract = $30000 + $20000
Value of Mark Contract = $50000
Therefore the value of Mack's contract at that point is $50,000
The aggregate expenditure (AE) curve Group of answer choices includes expenditures on foreign as well as domestic goods. does not include expenditures on either imports or exports. includes expenditures by domestic residents only. includes all expenditures on domestic goods.
Answer:
includes all expenditures on domestic goods.
Explanation:
AE curve is a combined current value of all the finished goods ad services in the economy. AE curve assumes a fixed price level, here the level of condition, expenditure and net imports would change. The equation of curve is AE = C + I + G + NX.On April 1, a company established a $150 petty cash fund. On April 15, the petty cash fund contains $5 in cash and the following paid petty cash receipts: Petty Cash Receipts Amount Advertising Expense $29.00 Gasoline Expense38.00 Miscellaneous Expense 50.00 Office Supplies 25.00 Prepare the general journal entries to (1) establish the petty cash fund, to (2) reimburse the fund, and to (3) increase its amount to $200 on April 15.
1. General journal entries to establish the petty cash fund
Date Account titles Debit Credit
April 1 Petty cash $150
Cash $150
2. General journal entries to reimburse the fund
Date Account titles Debit Credit
April 15 Advertising Expense $29.00
Gasoline Expense $38.00
Miscellaneous Expense $50.00
Office Supplies $25.00
Cash over and short $3
Cash ($150-$5) $145
3. General journal entries to increase its amount to $200 on April 15.
Date Account title s Debit Credit
April 15 Petty cash ($200-$150) $50
Cash $50
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The cost of materials transferred into the Rolling Department of Keystone Steel Company is $553,600 from the Casting Department. The conversion cost for the period in the Rolling Department is $107,500 ($64,300 factory overhead applied and $43,200 direct labor). The total cost transferred to Finished Goods for the period was $622,800. The Rolling Department had a beginning inventory of $27,900.
Required:
a. Journalize the cost of transferred-in materials.
b. Journalize the conversion costs.
c. Journalize the costs transferred out to Finished Goods.
Answer:
Keystone Steel Company
Journal Entries:
a. Debit Work in Process $553,600
Credit Transferred-in materials $553,600
To record the cost of transferred-in materials.
b. Debit Work in Process $107,500
Credit Factory overhead $64,300
Credit Payroll $43,200
To record the conversion costs.
c. Debit Finished Goods Inventory $622,800
Credit Work in Process $622,800
To record the costs transferred out to Finished Goods.
Explanation:
a) Data and Calculations:
Cost materials transferred into the Rolling Department = $553,600
Conversion cost for the period = $107,500
Factory overhead applied = $64,300
Direct labor = $43,200
Cost transferred to Finished Goods for the period = $622,800
Work in process, beginning inventory = $27,900
a. Work in Process $553,600 Transferred-in materials $553,600
b. Work in Process $107,500 Factory overhead $64,300 Payroll $43,200
c. Finished Goods Inventory $622,800 Work in Process $622,800
The production possibilities model illustrates an inverse relationship between two goods or services because Group of answer choices of diminishing returns. some goods are more difficult to produce that others. the opportunity cost of producing more of something will rise. production of different types will compete for limited resources.
Answer:
production of different types will compete for limited resources.
Explanation:
The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;
1. Technology is fixed.
2. Resources are fixed.
Hence, the production possibilities curve represents maximum combinations of products available with fixed resources and technology.
Additionally, the production possibilities curve influences the choice of production used by companies and as such it helps to make the best decision regarding the optimum product mix for a company.
Basically, the production possibilities model illustrates an inverse relationship between two goods or services (an increase in the production of one good or service results in a decrease in the production of another and vice-versa) because production of different types will compete for limited resources.
This ultimately implies that the manufacturing or production of one item (product) is likely to rise or increase provided the production of the other item (product) falls or decreases.
George H. Ruth takes a leave of absence from his job to work full time for a charity for six months. Ruth fills the position of finance director, a position that normally pays $88,000 per year. Ruth accepts no remuneration for his work. What recording does the charity make
Answer: a contributed support of $44000 and a expense of $44000.
Explanation:
From the information given in the question, we are informed that Ruth fills the position of finance director, a position that normally pays $88,000 per year.
Therefore, the amount earned for six months will be:
= $88000 × ½
= $44000
Therefore, the recording of the transaction will be a contributed support of $44000 and a expense of $44000.
Freddie's Food Service uses QuickBooks Desktop. They do not track or sell inventory. They have regular customers that they want to invoice automatically on a weekly basis. They would like to review a Sales by Customer by Month report regularly. The company currently pays their vendors in QuickBooks Desktop using the online bill pay service, QuickBooks Bill Pay. After converting to QuickBooks Online, which 3 setup and customization steps are appropriate for this client? Customize reports Turn off multicurrency Rebuild data Review recurring transactions Set up initial quantity on hand and cost for each product Set up and implement an online bill pay service
Answer:
Customize reports
Review recurring transactions
Set up and implement an online bill pay service
Explanation:
Considering the situation described above, after converting to QuickBooks Online, the 3 setup and customization steps that are appropriate for this client are the following:
1. Customize reports: this includes forms and reports and, if possible to memorize reports.
2. Review recurring transactions: this is to restore desktop QuickBooks memorized transactions.
3. Set up and implement an online bill pay service: this is done either through Intuit Online Payroll or QBOP.
"if Washburn achieves the sales target of 2,000 units at the $349 retail price, what will its profit be?"
Answer: $370,000
Explanation:
Your question isn't complete as there were some further questions asked before getting to this question.
The profit from 2,000 units at $349 will be:
Profit = Total revenue – Total cost
Total revenue = (P x Q)
= $349 x 2000
= $698000
Total cost = [FC + (UVC x Q)]=
= [$38,000 + ($145 x 2,000)]
=$38000 + $290000
= $328000
Profit = Total revenue - Total cost
Profit = $698000 - $328000
Profit = $370000
Your Company makes and sells a single product. Each unit sells for $32 dollars and has a unit variable cost of $20. The company has budgeted the following data for November: * Sales of 46,000 units, all for cash. * A cash balance on November 1 of $45,000. * Cash disbursements during November of $1,460,000. * Deprecation expense $35,000. * A minimum required cash balance on November 30 of $75,000. How much cash must be borrowed to cover all cash disbursements and to obtain the required November 30 cash balance
Answer:
Your Company
The cash that must be borrowed to cover all cash disbursements and to obtain the required November 30 cash balance is:
= $18,000.
Explanation:
a) Data and Calculations:
Selling price per unit = $32
Variable cost per unit = $20
Contribution margin per unit = $12 ($32 - $20)
Beginning cash balance on November 1 = $45,000
Cash disbursements = $1460,000
Depreciation expense = $35,000
Minimum required cash balance on November 30 = $75,000
Budgeted sales units for November = 46,000
Sales revenue (cash) = $1,472,000 (46,000 * $32)
Variable costs = 920,000 (46,000 * $20)
Contribution margin = $552,000 (46,000 * $12)
Cash Budget
For the month of November
Beginning cash balance $45,000
Total cash collections = 1,472,000
Cash available $1,517,000
Cash disbursements (1,460,000)
Cash balance $57,000
Cash to borrow 18,000 ($75,000 - $57,000)
Minimum cash balance $75,000
Pasha works for a manufacturing company in a small town. He reports to his manager that the company is not fulfilling its commitment to the community to reduce pollutants. His manager tells him to ignore the issue and not tell anyone. This is an example of a(n)___________. approach to social responsibility.
a. defensive
b. accommodative
c. reactive
d. obstructionist
e. proactive
Answer:
d. obstructionist
Explanation:
Since in the question it is given that pasha reported his manager that company is not able to fulfill the commitment in order to decrease pollution but the manager said that ignore this issue also dont tell anyone so this represent an obstructionist approach as the firm or the company avoids the social environmental problems so indirectly it breaks the law and their conduct is to be considered as an unethical
Therefore, the option d is correct
