Answer: $231,000
Explanation:
The budgeted cash receipts in October is:
= (85% * October sales) + (15% * September sales)
= (85% * 225,000) + (15% * 265,000)
= 191,250 + 39,750
= $231,000
Lamp Corp. manufactures wooden desks. Production consists of three processes: cutting, assembly, and finishing. The following costs are for work completed and transferred out of each department in April: Cutting Assembly Finishing Direct materials $7,000 $10,000 $3,000 Direct labor 3,000 14,000 2,000 Applied overhead 4,000 5,000 6,000 There were no work-in-process inventories, and 1,000 desks were produced. Ignoring the transfer entry, the journal entry to assign costs incurred in the assembly process would be
Answer:
See the journal entry be;ow.
Explanation:
Given:
Cutting Assembly Finishing
Direct materials $7,000 $10,000 $3,000
Direct labor 3,000 14,000 2,000
Applied overhead 4,000 5,000 6,000
Therefore, the journal entry to assign costs incurred in the assembly process would be as follows:
Details Debit ($) Credit ($)
Work in process 10,000
Direct material 10,000
(To record cost of direct material.)
Work in process 14,000
Wages payable 14,000
(To record direct labor cost.)
Work in process 5,000
Manufacturing overhead 5,000
(To record manufacturing overhead.)
Trong một cuộc khảo sát 64 khách hàng ở một tiệm ăn nhanh, thời gian đợi trung bình là 3 phút
và độ lệch chuẩn là 1,5 phút. Với độ tin cậy 98%, tìm khoảng tin cậy cho thời gian đợi phục vụ
trung bình của tiệm ăn này. Biết thời gian đợi phục vụ là biến ngẫu nhiên có phân phối (xấp xỉ)
chuẩn.
Answer:
Explanation:
N=64, x tb=3, S=1.5, 1-alpha= 0.98
=> 1- alpha/2 =0.49 => z alpha/2= 2.33
E= 2.33×1.5/ căn 64= 0.437
Khoảng cách [ x tb +- E]=[ 2.563; 3.437]
A Whopper combo meal costs $3.00 and gives you an additional 15 units of utility; a meal at the Embassy Suites costs $29.00 and gives you an additional 145 units of utility. Based solely on the information you have, using the theory of rational choice, you most likely would:
Answer:
be indifferent between the two meals
Explanation:
Marginal utility is the additional satisfaction received from consuming an additional unit of a good or service. Marginal utility is the additional utility derived from consuming one more unit of a good. the consumption decision is to consume more units of a good that gives the higher utility per good.
Marginal utility per good = marginal utility / price of the good
Whopper combo meal = 15 / 3 = 5
a meal at the Embassy Suites = 145 / 29 = 5
both meals have the same marginal utility of 5. She would be indifferent between consuming the two meals
maketing căn bản là gì
Answer:
Basic marketing typically involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research.
Basically, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.
Hence, basic marketing typically involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing plan is made up of the four (4) Ps and these includes;
I. Product.
II. Price.
III. Place.
IV. Promotions.
During the week, we will explore the differences between cash-basis and accrual-basis accounting, and learn the steps required to complete the accounting cycle. With that in mind, let's begin by discussing the following question:
Why do companies make adjusting entries?
Answer and Explanation:
Adjusting entries is to made for recording all types of expenses and revenues in a correct manner. There are some transactions such as accrued interest or revenue that could be realize at the time when the entries are depend upon the documents and transactions should be recorded. It is to be made in order to prepared the correct financial statements by considering the prepaid expenses that are adjusted, depreciation expense, unearned revenue etc
Chad is the founder of a firm producing self-driving vehicles. Because the industry is so new and chaotic, Chad favors a top-down strategic planning approach in which he exerts strong control over all aspects of the business, from product development and design to manufacturing and marketing. What is wrong with this scenario?
a. The self-driving vehicle industry is changing too much for the top- down approach to be effective.
b. The top-down approach can only be applied to specific business functions.
c. The top-down approach leaves other employees uncertain about their roles in the company.
d. The top-down approach is expensive to maintain, leaving the company at a competitive disadvantage.
Answer:
A)The self-driving vehicle industry is changing too much for the top-down approach to be effective.
Explanation:
Top-down analysis can be regarded as utilization of comprehensive factors to serve as basis for making decision . This top-down approach helps in
identifying the big picture as well as all of its components. It usually serves as
driving force as regards the end goal.
Top-down is commonly used in domain of macroeconomics.
Hence, the problem here is self-driving vehicle industry is changing too much for the top-down approach to be effective.
If a firm enjoys economies of scale,
its average total cost will increase as production increases
its total costs will decrease as production increases
its average total cost will decrease as production increases
its marginal revenue will increase as production increases
Answer: Its average total cost will decrease as production increases
Explanation: Variable cost will decrease as a result of economies of scale, therefore the cost/unit or average total cost will decrease.
A code of ethics for IT auditors and organizations primarily helps to set clear ___________. IT guidelines financial guidelines career goals expectations
Answer: IT guidelines
Explanation:
In the IT audit process, a computer system is checked to see if it not only performs the duties for which it was set up, but also if it protects the assets of the company and maintains data integrity.
A code of ethics for such a process would therefore be one that helps set clear IT guidelines to ensure that the computer system does what it is supposed to do and protects the company's assets as well.
Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects 9% sales tax. Record the entry for the $16,000 sale and its sales tax. Also record the entry that shows Dextra sending the sales tax on this sale to the government on October 15.
Answer:
See journal entries under the explanation below:
Explanation:
The journal entries will look as follows:
Dextra Computing
Journal Entries
Date Particulars Debit ($) Credit ($)
Sep 30 Cash 17.440
Sales 16,000
Sales Taxes Payable ($16,000 * 9%) 1,440
(To record the cash sale and 9% sales tax)
Cost of Goods Sold 11,200
Merchandise Inventory 11,200
(To record the cost of sales.)
Oct 15 Sales Taxes Payable ($16,000 * 9%) 1,440
Cash 1,440
(To record sending sales tax to the government.)
Aspen Technologies has the following budget data:
Estimated direct labor hours 8,200 Estimated direct labor dollars $64,200 Estimated factory overhead costs $170,100
If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is:_______.
a. $24.89
b. $20.74
c. $31.12
d. $16.60
Answer:
Overhead rate = $20.74
Explanation:
Below is the given values:
Given the direct labor hours = 8200
Direct labor dollars = $64200
Factory overhead costs =$170100
Use below formula to find the overhead rate.
overhead rate = Overhead cost / Direct labor hours
Now plug the values in formula:
Overhead rate = 170100 / 8200
Overhead rate = $20.74
Accounts receivable financing (LO1) Charmin Paper Company sells to the 12 accounts listed next.
Account Receivable Balance Outstanding Average Age of
the Account over the Last Year
A $ 60,800 22
B 168,000 43
C 78,300 19
D 24,300 55
E 58,900 42
F 238,000 39
G 30,400 16
H 374,000 72
I 41,400 32
J 96,500 58
K 292,000 17
L 67,700 37
Capital Financial Corporation will lend 90 percent against account balances that have averaged 30 days or less, 80 percent for account balances between 31 and 40 days, and 70 percent for account balances between 41 and 45 days. Customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. The current prime rate is 9.50 percent, and Capital charges 3.50 percent over prime to Charming as its annual loan rate.
a. Determine the maximum loan for which Charmin Paper Company could qualify.
b. Determine how much one month’s interest expense would be on the loan balance determined in part a.
Answer:
Charmin Paper Company
a. The maximum loan for which Charmin Paper Company could qualify is:
= $851,860
b. One month's interest expense on the loan balance determined in part a would be:
= $9,228.48
Explanation:
a) Data and Calculations:
Account Receivable Average Age of
Balance Outstanding the Account over the Last Year
A $ 60,800 22
B 168,000 43
C 78,300 19
D 24,300 55
E 58,900 42
F 238,000 39
G 30,400 16
H 374,000 72
I 41,400 32
J 96,500 58
K 292,000 17
L 67,700 37
Lending by Capital Financial Corporation:
Average age Percentage
<=30 days 90%
31-40 days 80%
41-45 days 70%
above 45 days 0%
<=30 days 90%
A $ 60,800 22
C 78,300 19
G 30,400 16
K 292,000 17
Total = $461,500 * 90% = $415,350
41-45 days 70%
B 168,000 43
E 58,900 42
Total = $226,900 * 70% = $158,830
31-40 days 80%
F 238,000 39
I 41,400 32
L 67,700 37
Total = $347,100 * 80% = $277,680
Total amount that Capital can extend = $851,860
Prime rate = 9.50%
Capital charges over prime = 3.50%
Total interest charge = 13%
Annual Interest expense = $110,742 ($851,860 * 13%)
One month's interest expense = $9,228.48 ($110,742/12)
Lewis Company's standard labor cost of producing one unit of Product DD is 3.3 hours at the rate of $12.4 per hour. During August, 43,900 hours of labor are incurred at a cost of $12.60 per hour to produce 13,100 units of Product DD.
1. Compute the total labor variance.
2. Compute the labor price and quantity variances.
3. Compute the labor price and quantity variances, assuming the standard is 3.7 hours of direct labor at $12.70 per hour.
Answer:
Compute the total labor variance.
Explanation:
16. List five benefits of therapeutic massage
Stress relief, anxiety reduction, improved sleep quality, reduced muscle pain, muscle soreness, range of motion-flexibility, helps with immunity and inflammation.
Hexon Printing Company projected the following information for next year: Selling price per unit $80 Contribution margin per unit $40 Total fixed costs $120,000 Tax rate 40% How many units must be sold to obtain an after-tax profit of $60,000
Answer:
Break-even point in units= 5,500
Explanation:
Giving the following information:
Selling price per unit $80
Contribution margin per unit $40
Total fixed costs $120,000
Tax rate 40%
Desired profit= $60,000
First, we need to calculate the earnings before tax:
EBT= desired profit / (1 - t)
EBT= 60,000 / (1 - 0.4)
EBT= $100,000
Now, the break-even point in units using the following formula:
Break-even point in units= (fixed costs + EBT)/ contribution margin per unit
Break-even point in units= (120,000 + 100,000) / (80 - 40)
Break-even point in units= 5,500
....................................................
Answer:
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outline the various challenges that you are likely to face during the implementation of a dam.
Answer:
gybgdgzhdndnxn nxnnxndndnenens
Stephani Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of May. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $53,000 and the total of the credits to the account was $69,000. Which of the following statements is true?
a. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $75,000.
b. Actual manufacturing overhead incurred during the month was $56,000.
c. Manufacturing overhead applied to Work in Process for the month was $75,000.
d. Manufacturing overhead for the month was underapplied by $19,000.
Answer:
the manufacturing overhead for the month should be overapplied by $16,000
Explanation:
Given that
The debit to the manufacturing overhead is $53,000
And, the credit balance is $69,000
So, it should be overapplied by the
= $53,000 - $69,000
= $16,000
Therefore the manufacturing overhead for the month should be overapplied by $16,000
This is the answer but the same is not provided in the given options
plan content of paragraph in outline form
During its most recent fiscal year, Raphael Enterprises sold 270,000 electric screwdrivers at a price of $17.10 each. Fixed costs amounted to $729,000 and pretax income was $999,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question
Answer:
$2,889,000
Explanation:
Sales units = 270,000 units
Sale Price = $17.10
Fixed cost = $729,000
Sales Value = 270,000 * $17.10
Sales Value = $4,617,000
Contribution Margin = Sales- Fixed cost
Contribution Margin = $4,617,000 - $729,000
Contribution Margin = $3,888,000
Variable Cost = Contribution margin- Pretax income
Variable Cost = $3,888,000 - $999,000
Variable Cost = $2,889,000
So, $2,889,000 is the amount that should have been reported as variable costs in the company's contribution margin income statement for the year in question.
A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350. The company returned $275 worth of merchandise and then paid the invoice within the 2% cash discount period. The total cost of this merchandise is:________
A. $3,725.00.
B. $3,925.00.
C. $3,995.00.
D. $4,000.50
E. $4,075.00.
The total cost of the merchandise purchased by the company is E. $4,075.00.
Data and Calculations:
Cost of goods purchased =$4,000
Freight-in = $350
Returned goods = $275
The total cost of goods = $4,075 ($4,000 + $350 - $275)
The cash discount received for early payment = $81.50 ($4,075 x 2%).
Thus, the total cost of the merchandise purchased by the company is E. $4,075.00.
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How would you need to shift the supply and demand curves in a market to result in a situation where equilibrium quantity increases while the equilibrium price change is indeterminate?
a. Supply must increase while demand decreases.
b. Either supply or demand must increase.
c. Both supply and demand must increase.
Answer:
C
Explanation:
An increase in supply would lead to a rightward shift of the supply curve. As a result price decreases and quantity increases.
An increase in demand leads to a rightward shift of the demand curve. As a result, equilibrium price and quantity increases.
Taking these two effects together, there is an increase in equilibrium quantity and an indeterminate change in equilibrium price
A firm has inventory of $11,400, accounts payable of $9,800, cash of $750, net fixed assets of $13,125, long-term debt of $9,500, accounts receivable of $6,600, and total equity of $11,700. What is the common-size percentage for the inventory?
Answer:
39.19%
Explanation:
Calculation to determine the common-size percentage for the net fixed assets
Using this formula
Common-size percentage=Net fixed assets /(Inventory+Cash+Net fixed assets+Accounts receivable )
Let plug in the formula
Common-size percentage=$12,150 / ($11,400 + $850 + $12,150 + $6,600)
Common-size percentage= 39.19%
Therefore the common-size percentage for the net fixed assets is 39.19%
The papilla supplies nourishment to the
Answer:
Papilla: Cells filled with capillaries that supply nourishment to the cells around it.
Beginning inventory for the month contained 3,000 units that were 35% complete with respect to materials. 57,000 units were completed and transferred out during the month. 5,500 units were in ending inventory, 10% complete with respect to materials. The weighted average equivalent units of production for materials for the month would be
Answer: 57,550 units
Explanation:
When using the weighted average method, the units completed and transferred out are assumed to include the opening inventory.
The weighted average equivalent units are therefore:
= Units completed and transferred out + Equivalent ending units
= 57,000 + (10% * 5,500)
= 57,000 + 550
= 57,550 units
What promotional strategy is being employed when Blue Cross/Blue Shield (a health insurance company) runs advertisements targeting Boeing Co. employees, in hopes that they will persuade their bosses to consider adopting a Blue Cross/Blue Shield insurance plan for their company
Answer:
Pull Strategy
Explanation:
Distribution Strategies
This simply covers the most favorable way to deliver product or service to target market/audience.
Types of distribution strategies
They includes :
1. Push Strategy:
2. Pull Strategy:
3. Combination of both: that is the use of both push and pull strategies.
Pull Strategy
In this type of strategy, marketing in this aspect is solely directed on the end consumer, who thereafter demands it from the retailer, who also then demands it from the wholesaler and lastly then the manufacturer. It is simply pulling of products through the channel. This strategy is used when consumers gather information and decide about their purchases before entering the retail outlet. Company moves their products through the distribution channel by building consumer demand for the products and thereafter influence/convince retailers to stock these products.
Types of marketing communications used in Pull strategy selling. They includes:
1. Advertising,
2. Consumer sales promotions,
3. Public relation.
When a company uses advertising to increase demand for their product or services, the pull promotional strategy is used. Blue Cross/ Blue shield uses the pull promotion strategy.
What is a strategy?
A strategy refers to the method or plan used to achieve the organization's goals.
A Pull marketing strategy is a type of strategy employed by an organization to create the demand for a product by various means like Sales promotion and discount, Advertising, Email marketing, Social media networks, etc.
Different marketing activities are involved to pull customers to their products.
Therefore, Blue cross employed the pull promotional strategy to target Boeing co. employees.
Learn more about Strategy here:
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Assume, for this question only, the following: During the negotiations Juan guaranteed Sarita that the business had turned a profit in each of the past 5 years. Actually, it lost money in each of those years, although Juan did not know that. When Juan made the statement about the business's profitability, however, Sarita was conferring with her attorney and did not hear it. Her friend Harry, who was observing the negotiations, heard Juan's statement. Before long, when Sarita realizes what a bad deal she's made, she laments the fact to Harry. When Harry inquires how a business that had been profitable under Juan was suddenly losing money, Sarita is confused. They finally realize that Harry heard Juan's misstatement about the business's profitability and Sarita did not. Even so, Sarita is thrilled. With Harry as her key witness, she seeks to rescind the sale agreement claiming innocent misrepresentation. Which of the following is true?
A. Rescission, because Juan intended to defraud Sarita.
B. No rescission, because Juan's claims of the business's profitability would not have been material to Sarita if she had heard them.
C. No rescission, because Juan lacked sufficient knowledge of the false nature of his statement and did not intend to trick Sarita.
D. Rescission, because Juan's claims of the business's profitability would have been material to Sarita if she had heard them. E. No rescission, because Sarita did not actually rely on Juan's false statement about the business's profitability.
Answer:
The true statement about this case is:
D. Rescission, because Juan's claims of the business's profitability would have been material to Sarita if she had heard them.
Explanation:
Though Juan was unaware that the statement was false at the time the contract was signed, the remedy is recession since no damage has been sustained by the other party. The false statement borders on negligent misrepresentation because Juan was supposed to be aware of the company's profitability by investigating the material fact. While it is not clear if reliance was placed on the statement when the contract was signed, the fact remains that there was a negligent misrepresentation.
Cash Short and Over Entries
Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $100 is maintained.
Date Change Fund Cash Register Actual Cash
Receipt Amount Counted
July 2 $100 $281.80 $379.00
July 9 100 311.50 411.50
July 16 100 304.10 406.90
July 23 100 318.20 416.00
July 30 100 293.60 397.50
1. Determine the ending balance of the cash short and over account.
2. Does it represent an expense or revenue?
Answer:
1. Ending balance of cash short and over account:
Ending cash = 100 beginning balance + Cash register amount - Actual cash counted
July 2 = 100 + 281.80 - 379.00
= $2.80 shortage because actual cash is less than it should be
July 9 = 100 + 311.50 - 411.50
= $0
July 16 = 100 + 304.10 - 406.90
= $2.80 surplus because actual cash is more
July 23 = 100 + 318.20 - 416.00
= $2.20 shortage
July 30 = 100 + 293.60 - 397.50
= $3.90 surplus
Balance = Surplus - shortages
= (3.90 + 2.80) - (2.80 + 2.20)
= $1.70
2. This is revenue because it is a surplus.
If you had to recommend one product, which product would you recommend they create? Underline or highlight your answer:
● Organic Bloom Shampoo.
● Moisturizing Black Soap Shampoo with Dandruff Control.
● Coconut Protein Shampoo and Conditioner.
Answer:
the second option
Explanation:
my dandruff is pretty bad
Moisturizing Black soap Shampoo with Black dandruffs Ultimate control is what I would seriously recommend. A lot of people are getting dandruffs and lices more nowadays, so the product would be very fitting for the demand.
Live Trap Corporation received the data below for its rodent cage production unit. OUTPUT INPUT 49,200 cages Production time 630 labor hours Sales price: $3.40 per unit Wages $ 7.40 per hour Raw materials (total cost) $ 31,000 Component parts (total cost) $ 15,355.
Required:
Find the total productivity in Units Sold and Dollars of Sales per Dollar Input.
Answer:1) Total productivity in units sold = 0.96 units sold per dollar input
2) Total productivity in dollars== $ 3.28 dollars in sales per dollar input
Explanation:
Total output = output cages x sales price = 49,200 cages x $3.40 per unit = = $ 167,280
Total Input =wages+components+ raw materials
Wages = 630 labor hours x $7.40 = $4,662
Raw materials = $ 31,000
Component parts = $ 15,355
Total input =$51,017
1) Total productivity in units sold = Output in units / Input in dollars
=49,200 cages/$51,017 =0.96 units sold per dollar input
2) Total productivity in dollars= Output in dollars / Input =$ 167,280/$51,017 = $ 3.28 dollars in sales per dollar input
Schweser Satellites Inc. produces satellite earth stations that sell for $95,000 each. The firm's fixed costs, F, are $2.5 million, 50 earth stations are produced and sold each year, profits total $500,000, and the firm's assets (all equity financed) are $4 million. The firm estimates that it can change its production process, adding $4.5 million to assets and $380,000 to fixed operating costs. This change will reduce variable costs per unit by $12,000 and increase output by 15 units. However, the sales price on all units must be lowered to $88,000 to permit sales of the additional output. The firm has tax loss carryforwards that render its tax rate zero, its cost of equity is 16%, and it uses no debt. What is the incremental profit
Answer:
Schweser Satellites Inc.
The incremental profit is:
= $845,000
Explanation:
a) Data and Calculations:
Selling price of Satellite Earth Station = $95,000 each
Total sales revenue = $4,750,000 ($95,000 * 50)
Fixed costs, F = $2.5 million
Annual production and sales units = 50 units
Total profits = $500,000
Total contribution = $3 million ($2.5 m + $500,000)
Variable costs = $1,750,000 ($4,750,000 - $3,00,000)
Variable cost per unit = $35,000 ($1,750,000/50)
Assets = $4 million
Equity = $4 million
Additional assets = 4.5 million
Additional fixed operating costs = $380,000
New assets = 8.5 million
Fixed operating costs = $2.88 million
Variable cost reduction per unit = $12,000
New variable cost per unit = $23,000 ($35,000 - $12,000)
Production and sales units = 65 (50 + 15)
New selling price per unit = $88,000
Cost of equity = 16%
Tax rate = 0%
Profit under new arrangements:
Contribution per unit = $65,000 ($88,000 - $23,000)
Total contribution margin = $4,225,000 ($65,000 * 65)
Fixed operating costs = $2,880,000
Net operating profit $1,345,000
Incremental profit = $845,000 ($1,345,000 - $500,000)
