Answer:
Carreker, Inc.
The transfer price per unit is $15.60.
Travaris would choose to transfer at this full cost price of $15.60 per unit, while Alamosa would choose to transfer at the market price of $22.00 per unit.
Explanation:
a) Data and Calculations:
Divisions: Alamosa and Tavaris
Market price of blade per unit = $22
Production costs:
Variable product cost $ 9.60
Fixed cost 6.00
Total product cost $15.60
Units of the blade required by Tavaris = 15,000
Full product cost, transfer price = $15.60 per unit
Total transfer price = $234,000 (15,000 * $15.60)
Choice price per unit:
Alamosa = $22.00
Tavaris = $15.60
Bạn chọn yếu tố nào để định vị bản thân trong tương lai, góp phần nâng cao khả năng tìm kiếm việc làm? Trình bày kế hoạch để thành công trong công tác định vị này ?
Answer:
quan trọng bản thân thật sự thích cái gì và học chuyên môn về cái mình thíc
Explanation:
Given the following data for Scurry Company, what is the cost of goods sold? Beginning inventory of finished goods $100,000 Cost of goods manufactured 700,000 Ending inventory of finished goods 200,000 Beginning work-in-process inventory 300,000 Ending work-in-process inventory 50,000 Select one: a. $600,000 b. $950,000 c. $500,000 d. $800,000
Answer:
Scurry Company
The cost of goods sold is:
= a. $600,000
Explanation:
a) Data and Calculations:
Beginning inventory of finished goods $100,000
Cost of goods manufactured 700,000
Ending inventory of finished goods (200,000)
Cost of goods sold = $600,000
Beginning work-in-process inventory 300,000
Ending work-in-process inventory 50,000
b) The cost of goods sold includes the beginning inventory of finished goods and the cost of goods manufactured within the period, less the ending inventory of finished goods. It does not include inventories of work-in-process.
, G's employees each earned an average of $870 per week. A total of 600 vacation weeks earned in 2021 were not taken during 2021. Wage rates for employees rose by an average of 6 percent by the time vacations actually were taken in 2022. What is the amount of G's 2022 salaries expense related to 2021 vacation tim
Answer:
$31,320
Explanation:
Calculation to determine the amount of G's 2022 salaries expense related to 2021 vacation tim
G's employees earned average of $870 per week.
Total vacation week in 2021 wew not taken - 600 week
Total salary expense of G corporation = $870 per week × 600
Total salary expenses = $522,000
If Wage rates for employees rose by an average of 6 percent
The amount of G's 2022 salaries expense = Total salary expenses × wage rate
The amount of G's 2022 salaries expense = $522,000 × 6%
The amount of G's 2022 salaries expense = $31,320
Therefore the amount of G's 2022 salaries expense related to 2021 vacation tim is $31,320
Blackwell, Inc. has a $125,000 liability it must pay five years from today. The company is opening a savings account so that the entire amount will be available when this debt needs to be paid. The plan is to make an initial deposit today and then deposit an additional $30,000 each year for the next three years, starting one year from today. The account pays a 5 percent rate of return. How much does the firm need to deposit today
Answer:
Initial investment= $23,838.78
Explanation:
Giving the following information:
Future Value (FV)= $125,000
Number of periods (n)= 5
Interest rate (i)= 5%
First, we need to calculate the future value of the three deposits using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {30,000*[(1.05^3) - 1]} / 0.05
FV= $94,575
Difference= 125,000 - 94,575= $30,425
Now, the initial investment today:
FV= PV*(1 + i)^n
Isolating PV:
PV= FV / (1 + i)^n
PV= 30,425 / (1.05^5)
PV= $23,838.78
Which one of the following statements is correct? Both partnerships and corporations incur double taxation. Sole proprietorships and partnerships are taxed in a similar fashion. Partnerships are the most complicated type of business to form. Both partnerships and corporations have limited liability for general partners and shareholders. All types of business formations have limited lives.
Answer:
sole proprietorships and partnerships are taxed in a similar fashion
Explanation:
A tax can be regarded as compulsory financial charge, it can also be regarded as other type of levy that is been imposed on a taxpayer by a governmental organization so that funds needed to fund government spending as well as various public expenditures can be generated. This applies to sole proprietorship which is regarded as , is a type of enterprise that is been owned as well as run by one person. Also applies to partnership which can be regarded as formal arrangement set up between two or more parties so they can manage and operate a particular business as well as sharing of its profits. It should be noted that sole proprietorships and partnerships are taxed in a similar fashion
Can someone please help with this question ^▪︎^
Answer:
liability
Explanation:
Daley Company uses the allowance method. At December 31, 2015, the company's balance sheet reports Accounts receivable, Net in the amount of $17,000. On January 2, 2016, Daley writes off a $1,500 customer account balance when it becomes clear that the customer will never pay. What is the amount of accounts receivable, net after the write-off?
a. $1,500
b. $15,500
c. $18,500
d. $17,000
Answer:
d. $17,000
Explanation:
The computation of the amount of accounts receivable, net after the write-off is given below:
Since the company followed the allowance method, so at the time of written off the customer account balance both the allowance and gross account receivable should be reduced and both the account balance and the net account receivable should be the same when the write off has been done
So, it is $17,000
Consider the following account starting balances and transactions involving these accounts. Use T-accounts to record the starting balances and the offsetting entries for the transactions. The starting balance of Cash is $9,100 The starting balance of Inventory is $4,800 The starting balance of Retained Earnings is $24,700 1. Sell product for $30 in cash with historical cost of $24 2. Sell, deliver, and receive payment of $40 for service 3. Consume good or service and pay expense of $2 What is the final amount in Retained Earnings
Answer: $24,744
Explanation:
Final amount in retained earnings;
= Starting balance + Net income
Net income:
= Sales - Cost of good sold + Service revenue - Expense
= 30 - 24 + 40 - 2
= $44
Final amount in retained earnings:
= 24,700 + 44
= $24,744
Suppose that Bob's company uses exponential smoothing to make forecasts. Further suppose that last period's demand forecast was for 20,000 units (Ft) and last period's actual demand was 21,000 units (At). Bob's company uses a smoothing constant (alpha) of 0.4. What should be the forecast for this period
Answer:
20,400 units
Explanation:
Calculation to determine What should be the forecast for this period
Using this formula
F t+1=α*D t+(1-α)
Where,
F t+1=Forecast for this period
α=Smoothing constant (alpha)
D t=Last period's actual demand
(1-α)=(1-Last period's demand forecast)
Let plug in the formula
F t+1=(0.4*21,000 units)+(1-0.4*20,000 units)
F t+1=(0.4*21,000 units)+ (0.60*20,000 units)
F t+1=8,400 units+12,000 units
F t+1=20,400 units
Therefore What should be the forecast for this period is 20,400 units
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per unit, Direct labor, $4 per unit, Variable overhead, $5 per unit, and Fixed overhead, $240,000. The company produced 30,000 units, and sold 20,000 units, leaving 10,000 units in inventory at year-end. Income calculated under variable costing is determined to be $370,000. How much income is reported under absorption costing?
a. $370,000
b. $290,000
c. $610,000
d. $450,000
Answer: d. $450,000
Explanation:
In absorption costing, the fixed costs are absorbed by the products so that the cost of goods sold is inclusive of fixed costs.
First find the fixed overhead for the ending inventory:
= Fixed overhead per unit * Number of units in ending inventory
= 240,000 / 30,000 * 10,000
= $80,000
This is the fixed overhead that is deferred to the next year.
Income under absorption costing = Income under variable costing + Fixed overhead deferred:
= 370,000 + 80,000
= $450,000
Which of the following are required for a capacity calculation (choose all that apply)?
a. Time between process starts.
b. Time between process completions.
c. Total Time spent in the process
d. Length of the time horizon in question
Answer:
• time between process starts.
• time between process completions
• length of the time horizon in question
Explanation:
Capacity utilisation refers to the measure of the extent of the usage of the productive capacity of a business. It is the percentage of total capacity which is being achieved in a particular period.
Based on the options given, the ones required for capacity utilization include the time between process starts, the time between process completions and the length of the time horizon in question.
R&D Technology Corporation just paid a dividend of $0.50 per share. Analysts expect its dividend to grow at 24 percent per year for the next two years and then 8 percent per year thereafter. If the required rate of return in the stock is 16 percent, calculate the current value of the stock.
Answer:
$8.82
Explanation:
The computation of the current value of the stock is given below:
Given that
The dividend per share is $0.50
The growth rate is 24% for the next two years
And, then it should be 8 % per year
And, the required rate of return is 16%
Now based on the above information, the current value of the stock is $8.82
The calculation is to be shown in the attachment
Henrietta, the owner of a very successful hotel chain in the Southeast, is exploring the possibility of expanding the chain into a city in the Northeast. She incurs $49,500 of expenses associated with this investigation. Based on the regulatory environment for hotels in the city, she decides not to expand. During the year, she also investigates opening a restaurant that will be part of a national restaurant chain. Her expenses for this are $52,200. She proceeds with opening the restaurant, and it begins operations on May 1.
Determine the amount that Henrietta can deduct in the current year for investigating these two businesses. In your computation, round the per-month amount to the nearest dollar and use rounded amount in subsequent computations. If required, round your final answers to the nearest dollar.
a. The investigation expenses related to expansion of her hotel chain into another city: $
b. The investigation expenses related to opening a restaurant: $
a. 49,500
b. $52,200÷180=290*8= $2,320
The Commissioner is empowered to examine the records of any person transacting insurance in the State as an agency, an agent or broker of record. If the Commissioner does examine a person, the expense of that examination will be paid by
Answer:
The person examined.
Explanation:
The California insurance code
This Insurance Code is known as a set of statutes set up by the state legislature and is responsible for the regulation of the business of insurance in California. The Commissioner does not have the authority to change the Insurance Code and only the state legislature has the authority to write or amend the Insurance Code.
The Insurance Commissioner
This office is elected by the people and usually serve up to two 4-year terms. The Commissioner's term runs concurrently with that of the Governor. The Commissioner has the authority to conduct examinations of an agent or insurer's books and records at any time.
The Insurance Commissioner's Duties and Responsibilities
1. File and keep all books and papers as required by law
2. Responsible for the Issue of Certificates of Authority to companies that meet the requirements of state law
3. Issue, refuse, revoke or suspend licenses or Certificates of Authority etc.
Fender Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 10% of total sales each month. Historically, sales on account have been collected as follows: 50% in the month of the sale, 35% in the month after the sale, and the remaining 15% two months after the sale. Sales for the quarter are projected as follows:
January: $60,000
February: $30,000:
March: $90,000.
Accounts receivable on December 31 were $45,000. The expected cash collections of Fender Manufacturing Company for March are:_________
Answer:
Fender Manufacturing Company
The expected cash collections of Fender Manufacturing Company for March is:
= $58,050
Explanation:
a) Data and Calculations:
Cash sales = 10% of total sales
Credit sales = 90% (100% - 10%)
Cash collections from credit sales:
Month of the sale (50%)
Month after the sale (35%)
Two months after (15%)
Accounts receivable on December 31 = $45,000
January February March
Projected sales $60,000 $30,000 $90,000
Cash sales $6,000 $3,000 $9,000
Credit sales $54,000 $27,000 $81,000
Cash collections from credit sales:
Month of the sale (50%) $27,000 $13,500 $40,500
Month after the sale (35%) 31,500 18,900 9,450
Two months after (15%) 13,500 8,100
Cash collections from credit sales $58,050
The expected cash collections of Fender Manufacturing Company for March =
Cash collections from credit sales $58,050
Cash sales 9,000
Total cash receipts for the month $67,050
Elm Corporation is a merchandising company. The year began with inventory of $21,000, Purchases for the year were $46,000, and the Ending Inventory was $8,000. What is the Cost of Goods Sold that would be reported on the income statement
Answer:
$59,000
Explanation:
Calculation to determine the Cost of Goods Sold that would be reported on the income statement
Using this formula
Cost of Goods Sold=Purchases for the year+beginning Inventory)-Ending Inventory
Let plug in the formula
Cost of Goods Sold=($46,000+$21,000) - $8,000
Cost of Goods Sold=$67,000-$8,000
Cost of Goods Sold=$59,000
Therefore the Cost of Goods Sold that would be reported on the income statement is $59,000
Jagadison Co. leases computer equipment to customers under sales-type leases. The equipment has no residual value at the end of the lease and the leases do not contain purchase options. Jagadison desires a return of 11% interest on a four-year lease of equipment with a fair value of $795,564. The present value of an annuity due of $1 at 11% for four years is 3.444. What is the total amount of interest revenue that Jagadison will earn over the life of the lease?
a. 128436
b. 198891
c. 231000
d. 350048
Answer: a. $128,436
Explanation:
The lease payment will be constant and so can be considered to be an annuity.
The fair value of the lease is the present value of the annuity and because this is a lease and payments are made as soon as the asset is received, this is an annuity due.
Present value of annuity due = Annuity * Present value of annuity due interest factor, 11%, 4 years
795,564 = Annuity * 3.444
Annuity = 795,564 / 3.444
= $231,000
Interest revenue is:
= Total amount paid - Fair value
= (231,000 * 4 years) - 795,564
= $128,436
Positive Messages and the Writing Process
Organizations exchange information internally and externally. External messages go to customers, vendors, the government, and other business partners. Internal messages travel upward to supervisors, downward to employees, and horizontally among workers. Understanding the different types of business messages and following the 3-x-3 writing process will help you write more effective professional messages. Match the message content area with the correct types of messages.
1. Sales pitches, requests for favors
2. Replies, goodwill messages, direct claims
3. Bad news, refusals
a. persuasive
b. positive
c. negative
Consider the scenario about a positive message:
Gilberto is composing an e-mail that explains the terms of a recent business transaction. He has determined the purpose of the message, analyzed his audience, and determined its reactions.
According to the 3-x-3 writing process, what actions make up his next steps?
a. Make a list of points to cover.
b. Plan for feedback.
c. Check for mechanical problems.
d. Collect information.
e. Compose the first draft.
While most business communication is now done electronically, there remain situations in which a business letter is most appropriate.
Messages delivered through business letters are less likely to reach_____than messages delivered through_____. Thus, business letters are more_____.
Answer: See explanation
Explanation:
1a. Sales pitches, requests for favors: In this case, persuasive message should be used to convince the receiver to agree with the sender's viewpoint.
b. Replies, goodwill messages, direct claims: The positive message should be used as the main idea can be communicated directly before any other supporting information are provided.
c. Bad news, refusals: This scenario involves a negative messages and should therefore be written in an indirect manner. It should also be noted that a supporting message us given before the main message us written.
2. According to the 3-x-3 writing process, the actions that make up Gilberto next steps include
a. Make a list of points to cover.
d. Collect information.
e. Compose the first draft.
3. Messages delivered through business letters are less likely to reach (unintended recipients) than messages delivered through (email). Thus, business letters are more (confidential).
Sarbanes-Oxley Act requires which of the following:
a. An effective internal control
b. Light penalties for violators
c. Auditors must evaluate internal controls
d. Auditor's work overseen by Public Accounting Board
Answer:
The correct answer is the option A: An effective internal control.
Explanation:
To begin with, the name of "Sarbanes-Oxley Act" refers to the well known United States federal law whose main purpose is to set new requirements, or at least expand them, regarding the boards and management areas of public companies of the US. It was enacted in 2002 due to the various scandals regarding the accounts of companies like Enron back then. Therefore that the bill contains itself eleven sections where most of them are refered specifically to the public's responsabilities that the board of directors of the public companies have. As well as the criminal penalties that they can face in the case of breaking the law.
Answer:
a. An effective internal control
c. Auditors must evaluate internal controls
Explanation:
SOX requires managers and auditors whose stock is publicly traded to have an effective internal control system, auditors must evaluate internal controls, violators may receive harsh penalties (not light penalties), and auditors’ work is overseen by Public Company Accounting Oversight Board (PCAOB) (not by the Public Accounting Board).
Read the argument below and determine the underlying principle that was used to come to the conclusion presented: A free college education for every citizen is important because it helps the United States create the best-educated workforce in the world. European countries like Germany are able to provide a free college education to their citizens, and the United States should as well. Which other argument uses the same underlying principle as the argument above?
a. Children should get free dental care, even if they drink a lot of soda which causes cavities.
b. Children should get free dental care because it will help prevent more serious issues later on and reduces future healthcare costs.
c. Every child should get free dental care, even if they can afford to pay for it.
Answer:
1. The underlying principle is
to create the best-educated workforce in the world.
2. The argument that uses the same underlying principle as the argument 1 above is:
b. Children should get free dental care because it will help prevent more serious issues later on and reduces future healthcare costs.
Explanation:
The underlying principle is a general rule which can be applied to different situations. It shows the reason for doing something or embarking on a program. For example, to offer free college education for every U.S. citizen, the underlying principle is to "create the best-educated workforce in the world."
Conflicts of interest a. have become less frequent today. b. always involve personal financial gain. c. are morally worrisome only when the employee acts to the detriment of the company. d. occur when employees have special or private interests that are substantial enough to interfere with their job duties.
Answer:
D
Explanation:
Conflicts of interest occur when employees have special or private interests that are substantial enough to interfere with their job duties
For example, imagine that there is an analyst who works in a firm. He comes across material non public information that the value of the shares of the company is about to plummet. This analyst has shares in the company.
A conflict of interest arises, he can either trade his shares and engage in insider trading or not trade his shares so as to protect the integrity of the capital market
the ethical step is not to trade
advantages of profit maximization
Answer:
Improved ratios will enhance investor's confidence and therefore share price.
Access to a wider range of finance because of a better image to creditors.
Long-term profits will improve liquidity and cash flows, which can be used for future investments, dividends, loan payments or retained.
The Weber Company purchased a mining site for $527,108 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 82,993 tons will be recovered. During the first year the company extracted 5,802 tons of ore. The depletion expense is
Answer:
$36,849.86
Explanation:
Depletion cost is used to allocate the costs of extracting natural resources.
Depletion expense = (depreciable cost / total tons that can be recovered ) x tons recovered in a given year
(527,108 / 82,993) x 5802 = $36,849.86
Green Industries purchased a machine from Cyan Corporation on October 1, 2021. In payment for the $145,000 purchase, Green issued a one-year installment note to be paid in equal monthly payments at the end of each month. The payments include interest at the rate of 18%. Monthly installment payments are closest to\
Answer: $13293.59
Explanation:
The following information can be deduced from the question:
Number of periods (n) = 12
Interest rate(i) = 18%/12 = 1.5%
Purchase price = $145000
PVA = [1 -(1.015)^-12] / 0.015 = 10.90751
Monthly installments payment = Purchase price / PVA
= $145000 / 10.90751
= $13293.59
Sheller Company estimates that its pension plan asset will earn a return of 10%. The beginning balance of plan assets was $500,000 and the ending balance was $560,000. During the year, the plan earned an actual return of 8%. As a result of this, pension expense will decrease by
Answer: $50000
Explanation:
From the question, we are informed that Sheller Company estimates that its pension plan asset will earn a return of 10% as the beginning balance of plan assets was $500,000 and the ending balance was $560,000.
Due to this, then the pension expense will decrease by:
= 10% × $500,000
= $50,000
It should be noted that the expected return on plan assets will reduce pension expense by $50000.
ional penalties were estimated to be $766,000 but could be as high as $1,162,000. After the year-end, but before the 2021 financial statements were issued, Raymond accepted an EPA settlement offer of $892,000. Raymond should have reported an accrued liability on its December 31, 2021, balance sheet of
Answer:
$892,000
Explanation:
The computation of the amount that should be recorded as the accrued liability is as follows:
In the case when the liability is to be probable and the amount that could be reasonably predicted so it should be recorded as the contingent liability
And, the accrued liability that should be reported is $892,000 as it is received prior 2021 financial statement issued
Therefore it is $892,000
K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $50,000 of personal cash to the partnership. Rosen owns land worth $15,000 and a small building worth $80,000, which she transfers to the partnership. Toso transfers to the partnership cash of $9,000, accounts receivable of $32,000 and equipment worth $39,000. The partnership expects to collect $29,000 of the accounts receivable.
Account Titles and Explanation: Debit Credit
(To record invstment of Decker)
(To record investment of Rosen)
(To record investment of Toso.)
What amount would be reported as total owners?
Answer:
the total owners amount should be $222,000
Explanation:
The computation of the amount that should be reported as the total owners is given below:
= K decker + rosen + tosa
= $50,000 + $80,000 + $15,000 + $9,000 + $32,000 + $39,000 - ($32,000 - $29,000)
= $50,000 + $95,000 + $77,000
= $222,000
Hence, the total owners amount should be $222,000
Del Monty will receive the following payments at the end of the next three years: $8,000, $11,000, and $13,000. Then from the end of the 4th year through the end of the 10th year, he will receive an annuity of $14,000 per year. At a discount rate of 12 percent, what is the present value of all three future benefits
Answer: $$70,643
Explanation:
The payment from the 4th year to the 10th year is an annuity because it is constant.
The present value of an annuity is:
= Annuity * Present value interest factor of annuity, 12%, 7 years
= 14,000 * 4.5638
= $63,893.20
Present value of these:
= 8,000 / 1.12 + 11,000 / 1.12² + 13,000/1.12³ + 63,893.20 / 1.12³
= $70,643
A company must repay the bank $10,000 cash in three years for a loan. The loan agreement specifies 8% interest compounded annually. The present value factor for three years at 8% is 0.7938. How much cash did the company receive from the bank on the day they borrowed this money?
A. $12,400.
B. $9,200.
C. $7,938.
D. $7,600.
E. $10,000.
Answer: C. $7,938
Explanation:
This is a straightforward question. From the question, we are informed that a company must repay the bank $10,000 cash in three years for a loan and that the loan agreement specifies 8% interest compounded annually and we are given the present value factor for three years at 8% is 0.7938.
Therefore, the amount of cash that the company receive from the bank on the day they borrowed this money will be:
= $10000 × Present value factor at 8%
= $10000 × 0.7938
= $7938
The following monthly data are available for Waterway Industries. which produces only one product: Selling price per unit, $54; Unit variable expenses, $14; Total fixed expenses, $42000; Actual sales for the month of June, 2000 units. How much is the margin of safety for the company for June
Answer:
Margin of safety= 950 units
Explanation:
First, we need to calculate the break-even point in units:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 42,000 / (54 - 14)
Break-even point in units= 1,050
Now, the margin of safety in units:
Margin of safety= (current sales level - break-even point)
Margin of safety= 2,000 - 1,050
Margin of safety= 950 units
