Answer:
Total standard cost per unit= $23.95
Explanation:
First, we need to allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 14*0.35= $4.9
Now, the total direct material and total direct labor:
Direct material= 29*0.5= $14.5
Direct labor= 0.35*13= $4.55
Finally, the total cost per unit:
Total standard cost per unit= 4.9 + 14.5 + 4.55
Total standard cost per unit= $23.95
Identify whether each of the following items would appear on the bank side or the book side of a bank reconciliation. Outstanding checks Answer 1 Choose... Deposits in transit Answer 2 Choose... Bank service charges Answer 3 Choose... NSF Check
Answer:
Outstanding checks - Book side
Deposits in transit - Book side
Bank service charges - Bank side
NSF Check - Book side
Explanation:
The bank reconciliation helps identify the transactions that have been recorded in the cash book but omitted from the bank statement and vice versa.
Considering the given items
Outstanding checks - These are checks that have been written and deducted from the cash balance in the book but yet to be recognized or cleared in the bank statement.
Deposits in transit - The amount would appear on the book side as it represents amounts that have been collected but yet to be deposited and subsequently recognized in the bank statement.
Bank service charges - These are charges that have been recognized in the bank but yet to be recorded or deducted from the cash balance in the books.
NSF Check - This represents customer's debt settlement via check that has not been honoured by the bank. Hence this will have to be deducted from the cash balance in the books
Question 9 Bond A is zero-coupon bond paying $100 one year from now. Bond B is a zero-coupon bond paying $100 two years from now. Bond C is a 10% coupon bond that pays $10 one year from now and $10 plus the $100 principal two years from now. The yield to maturity on bond A is 10%, and the price of bond B is $84.18. Assuming annual compounding, what is the price of Bond A?
The price of bond A is $90.91
The computation of the price of bond A is as follows:
= Paying amount × (1 + rate)^-1
= $100 × (1 + 0.10)^-1
= $100 × 1.1^-1
= $90.91
Therefore we can conclude that the price of bond A is $90.91
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Team Sports has 4.9 million shares of common stock outstanding, 2.9 million shares of preferred stock outstanding, and 29 thousand bonds. If the common shares are selling for $3.90 per share, the preferred share are selling for $15.9 per share, and the bonds are selling for 98.91 percent of par, what would be the weight used for common stock in the computation of Team's WACC
Answer:
The weight used for common stock in the computation of Team's WACC is 20.35%.
Explanation:
Since par value of a bond is $1,000, we have:
Bond selling price = Bond par value * Selling price percentage = $1,000 * 98.91% = $989.10
the weight used for common stock in the computation of Team's WACC can be calculated as follows:
Value of common stock = Number of shares of common stock outstanding * Common stock price per share = 4,900,000 * $3.90 = $19,110,000
Value of preferred stock = Number of shares of preferred stock outstanding * Preferred stock price per share = 2,900,000 * $15.9 = $46,110,000
Value of bond = Number of bonds * Bond selling price = 29,000 * $989.10 = $28,683,900
Team's total value = Value of common stock + Value of preferred stock + Value of bond = $19,110,000 + $46,110,000 + $28,683,900 = $93,903,900
Therefore, we have:
Weight of common stock = Value of common stock / Team's total value = $19,110,000 / $93,903,900 = 0.2035, or 20.35%
Therefore, the weight used for common stock in the computation of Team's WACC is 20.35%.
At the end of the day, the cash register tape shows $1060 in cash sales, but the count of cash in the register is $1085. The proper entry to account for this excess is:
Answer:
Debit Cash $1085; credit Sales $1060;
Explanation:
credit Cash Over and Short $25.
what are the competitive advantages of international businesses
Answer:
I think the above information will help you.....
which of the following quotes is the best way to tell your boss that you can't accept a new assignment right now?
a. I would like to work on this. but if I take this on I won't be able to meet my current deadline.
b. you know I already have this other deadline
c. I just don't know if I can get this all done
d. I don't have time sorry
Answer:
a
Explanation:
it would be fine hopefully
The correct quotes are the best way to tell your boss that you can't accept a new assignment right now is "I would like to work on this. But if I take this on, I won't be able to meet my current deadline". Thus, option (a) is correct.
What is assignment?An assignment is a judicial word used in the context of contract and property law. Assignment is the process through which one person, the assignor, passes rights or advantages to another, the assignee.
Assignment is providing someone to a specific job or piece of labor, or assigning someone to a specific location to complete a job.
The simplest approach to inform your supervisor that you can't take on a new job right now is to say, "I'd want to work on this, but if I take it on, I won't be able to fulfill my present deadline." Therefore, it can be concluded that option (A) is correct.
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Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice the same as absorption costing.
Complete Question:
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 14 Fixed costs per year: Production $ 175,560 Selling and administrative $ 140,450 Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
Multiple Choice
$6,600 less than under absorption costing.
$7,680 less than under absorption costing.
the same as absorption costing.
$7,680 greater than under absorption costing.
Answer:
The Southern Corporation
The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:
$6,600 less than under absorption costing.
Explanation:
a) Data and Calculations:
Variable costs per unit:
Production $ 35
Selling and administrative $ 14
Fixed costs per year:
Production $ 175,560
Selling and administrative $ 140,450
Production units last year = 7,980 units
Sales units last year = 7,680 units
Ending inventory = 300 (7,980 - 7,680) units
Value of Ending inventory:
1. Variable Costing:
Production $ 35 * 300 = $10,500
2. Absorption Costing:
Variable Production $ 35 * 7,980 = $279,300
Fixed Production overhead $ 175,560
Total production costs = $454,860
Units produced = 7,980
Unit cost = $57
Ending inventory = $17,100 ($57 * 300)
Difference = $6,600 ($17,100 - $10,500)
A business school has 15 full-time faculty and seven of them have tenure. A random sample of six faculty are randomly selected to form a committee. What is the probability that exactly three of the faculty on the committee have tenure?
The probability where exactly three of the faculty have tenure is 0.3916.
The computation of the probability where exactly three of the faculty have tenure is given below:
Since there are 6 faculty from 15 should be chosen so it should be [tex]^{15}C_6[/tex]
Now there are 3 faculty from 7 should be chosen so it should be [tex]^{7}C_3[/tex]
Now the probability is
[tex]= \frac{^7C_3 \times ^8C_3}{^{15}C_6}[/tex]
= 0.3916
Therefore we can conclude that the probability where exactly three of the faculty have tenure is 0.3916.
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To initiate a strategic move that allows a firm to open up new and uncontested market space through value innovation, managers must address four key questions when formulating a blue ocean business strategy.
a. True
b. False
_______ applications allow you to perform tasks on your computer.
Question 5 options:
Desktop
Laptop
Mobile
None of the above
Answer:
none of the above
Explanation:
cause I think the answer is software applications which isnt on the options.
I hope this helps
You are the manager of an apartment complex with 50 units. When you set rent at $800/month, all apartments are rented. As you increase rent by $25/month, one fewer apartment is rented. Maintenance costs run $50/month for each occupied unit. What is the rent (in dollars) that maximizes the total amount of profit
Answer:
The rent (in dollars) that maximizes the total amount of profit is $1,050.
Explanation:
Note: See the attached excel file for the Calculation of the Rent (in dollars) That Maximizes the Total Amount of Profit.
The rent (in dollars) that maximizes the total amount of profit is the rent per unit that has the highest profit.
From the attached excel file, the highest profit is $40,000 (in bold red color) and this occurs when the rent per unit is $1,050 (in bold red color).
Therefore, the rent (in dollars) that maximizes the total amount of profit is $1,050.
Provo, Inc., had revenues of $10 million, cash operating expenses of $5 million, and depreciation and amortization of $1 million during 2008. The firm purchased $500,000 of equipment during the year while increasing its inventory by $300,000 (with no corresponding increase in current liabilities). The marginal tax rate for Provo is 40 percent. Free cash flow: What is Provo's free cash flow for 2008
Provo's free cash flow for 2008 is $2,600,000
Income Statement
Revenue $10,000,000
Operating expenses - $5,000,000
Depreciation - $1,000,000
EBIT $4,000,000
Interest expenses - $0
Taxes - $1,600,000 (40% * $4,000,000)
Net Income $2,400,000
Depreciation +$1,000,000
Operating cash flow $3,400,000
Free cash flow = Operating Cash flow - Purchase of equipment - Increase in Inventory
Free cash flow = $3,400,000 - $500,000 - $300,000
Free cash flow = $2,600,000
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4. The relationship of a principal broker and affiliated broker is one of
O agency.
O principality.
O subagency.
O commingling
5. The relationship of a principal broker and brokor is formally
How do you actually do this? On there template and save it or make my own template.? So confused.
Scenario
You are a certified public accountant (CPA) who is working with a small bakery to prepare their financial statements for three months of the current
fiscal year. Because the company is a startup and so small, the accounting is done manually in Microsoft Excel. You have been given the accounts
and information you need to prepare their financial statements, but you will need to use the accounting cycle to report accurate information to the
finance department
Prompt
Accrual Basis: In your company accounting workbook, apply the accrual basis of accounting and prepare adjusting entries to ensure accurate
accounting for expenses that lack transactions in the current period. (You may refer to the Company Accounting Workbook Template
Spreadsheet if necessary, but keep in mind that your work for this milestone should be added to the work you completed in your workbook for the
previous milestone.)
Specifically, you must address the following rubric criteria:
• Unadjusted Trial Balance: Prepare the unadjusted trial balance portion of the Trial Balance" tab of the company accounting workbook,
ensuring that the total debits and credits match.
• Adjusting Entries: Prepare the "Adjusting Entries" tab of the company accounting workbook. Ensure that the entries are correctly transferred
to the adjusting entries portion of the Trial Balance" tab.
• Adjusted Trial Balance: Prepare the adjusted trial balance on the "Trial Balance" tab, ensuring that the debit and credit totals match.
Guidelines for Submission
Build on your work from Milestone One to complete the "Trial Balance" and "Adjusting Entries" tabs in your company accounting workbook. This
should be completed and submitted using Microsoft Excel. Please note that there are drop-down menus embedded in the "Accounts" columns as
well as formulas throughout the spreadsheet to help you complete the workbook without accidentally introducing errors.
Answer:
The answer is in the picture, Thanks
Explanation:
There are different kinds of template. The template workbook adjustment is shown in the image attached.
What is Adjusting entries?This is known to be any kind of alterations or changes that are made to journal entries of which a person has already recorded.
Note that these changes are done so that one can be sure that the numbers a person have recorded are in line or match up with the correct accounting periods. Therefore, the adjustment is shown in the image attached.
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Stine Inc. had 1,000,000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1,000,000 shares were issued for cash. Stine also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 300,000 shares of common stock at $28 per share. The average market price of Stine's common stock was $35 during 2021. The number of shares to be used in computing diluted earnings per share for 2021 is
The number of shares to be used in computing diluted earnings per share for 2021 is 1,560,000
Diluted earnings per share=(1,000,000* 6/12) + (2,000,000 *6/12) + [((35 – 28) ÷35) *300,000]
Diluted earnings per share=500,000+1,000,000+60,000
Diluted earnings per share= 1,560,000
Therefore The number of shares to be used in computing diluted earnings per share for 2021 is 1,560,000
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Illustrate how a liberalized global economy can influence upon natural resources concerning the granting of logging franchise rights in the Democratic Republic of Congo.
Answer:
l think the liberalized economy can use the natural resources to produce finished goods that help people in DRC get money through selling the finished goods that enables them get enough money to fulfill their rights like education, shelter and many more
3. Explain how the employees of an American organization and Bangladeshi organization will be culturally different in terms of power distance, uncertainty avoidance, and masculinity-femininity inde
Answer:
Explanation:
POWER DISTANCE : This dimension deals with the fact that all individuals in societies are not equal – it expresses the attitude of the culture towards these inequalities amongst us. Power Distance is defined as the extent to which the less powerful members of institutions and organisations within a country expect and accept that power is distributed unequally.
Bangladesh scores high on this dimension (score of 80) which means that people accept a hierarchical order in which everybody has a place and which needs no further justification. Hierarchy in an organization is seen as reflecting inherent inequalities, centralization is popular, subordinates expect to be told what to do and the ideal boss is a benevolent autocrat MASCULINITY : A high score (Masculine) on this dimension indicates that the society will be driven by competition, achievement and success, with success being defined by the winner / best in field – a value system that starts in school and continues throughout organisational life.
A low score (Feminine) on the dimension means that the dominant values in society are caring for others and quality of life. A Feminine society is one where quality of life is the sign of success and standing out from the crowd is not admirable. The fundamental issue here is what motivates people, wanting to be the best (Masculine) or liking what you do (Feminine).
Bangladesh scores 55 on this dimension and can be considered a a Masculine society. In Masculine countries people “live in order to work”, managers are expected to be decisive and assertive, the emphasis is on equity, competition and performance and conflicts are resolved by fighting them out. UNCERTAINTY AVOIDANCE : The dimension Uncertainty Avoidance has to do with the way that a society deals with the fact that the future can never be known: should we try to control the future or just let it happen? This ambiguity brings with it anxiety and different cultures have learnt to deal with this anxiety in different ways. The extent to which the members of a culture feel threatened by ambiguous or unknown situations and have created beliefs and institutions that try to avoid these is reflected in the score on Uncertainty Avoidance.
Bangladesh scores 60 on this dimension and thus has an high score. Countries exhibiting high Uncertainty Avoidance maintain rigid codes of belief and behaviour and are intolerant of unorthodox behaviour and ideas. In these cultures there is an emotional need for rules (even if the rules never seem to work) time is money, people have an inner urge to be busy and work hard, precision and punctuality are the norm, innovation may be resisted, security is an important element in individual motivation.
Compare the difference between the transfer of shares and transmission of shares with examples.
Answer:
The transfer of shares is a voluntary act by the holder of shares and takes place by way of contract. Whereas, the transmission of shares takes place due to the operation of law that is on the death of the holder of shares or in an event where the holder becomes insolvent/lunatic.
Suppose the United States maintains a price floor for spinach. This policy might decrease revenues for spinach farmers if the: multiple choice supply of spinach is inelastic. supply of spinach is elastic. demand for spinach is inelastic. demand for spinach is elastic.
Answer:
Demand for spinach is elastic.
Explanation:
The price floor, which is maintained by the United States, is the minimum price for selling the goods. This price is set above the equilibrium price, which results in excess supply while demand for the same goods remains constant.
Since the prices for spinach cannot be set lower than the price floor and the policy is decreasing the revenue output for spinach farmers then this probably means that the prices are set too high which has decreased the demand for spinach. This means that the demand for spinach is elastic.
The following information applies to the questions displayed below.
On January 1, Year 2 Grande Company had a $14,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $64,000 of service on account. The company collected $60,500 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account
What is the amount of uncollectible accounts expense recognized on the Year 2 Income statement?
a. $ 280
b. $3,500
c. $1,210
d. $1,280
Answer:
the answer is 3,500
3,500Swifty Corporation reported net income of $203000 for the year. During the year, accounts receivable increased by $15000, accounts payable decreased by $6000 and depreciation expense of $32000 was recorded. Net cash provided by operating activities for the year is: __________
a. $214000.
b. $192000.
c. $179000.
d. $203000.
Answer:
la respuesta es la a espero te ayude
lYour friend says, "I have some extra money, but I'm not sure if I should save or invest it." What key questions would you ask your friend to help them figure out what to do? 1
Question 15
The highest and best use of real estate is its
a)
most profitable use, without other considerations.
b) most environmentally sound use.
c)
present use unless its improvements have reached the end of their useful life.
d) most profitable legally and physically permitted use.
Answer:
Option D.
Explanation:
uppose a Starbucks tall latte cost $4.00 in the United States, 5.00 euros in the euro area and $2.50 Australian dollars in Australia. Nominal exchange rates are .80 euros per dollar and 1.4 Australian dollars per U.S. dollar. Where does purchasing power parity hold
Answer: Nether Australia or Europe
Explanation:
Purchasing power parity is a notion that states that prices of the same or similar goods should have the same price across the world after adjusting for exchange rate differences.
If the price of a tall latte in the U.S. is $4,00, it should be the same price in Europe and Australia after exchange rate adjustments.
$4.00 in Euro is: $4.00 in Australian dollars is:
= 4 * 0.8 = 4 * 1.4
= €3.20 = $5.60
Purchasing power parity does not hold in wither countries because the prices of the lattes are not equal to the $4.00 in the U.S. after adjustments for exchange rates.
Another term for "food poisoning" is?
Answer:
botulism. salmonella.
Explanation:
You are docking your boat. The current is pushing you toward the dock . What is the best way to dock
The best and the most secure way to dock a boat in a dockyard is by :
moving the boat parallelly along the dock, and approaching towards the dock slowly.A dockyard is a place where ships and boats are sheltered and it provides a secure place to dock or station your boat and a secure place to access the boat.
Now when the current is pushing your boat towards the dock, the best way to dock your boat is :
Allow the current of the water to carry the boat towards the dock.We have approach slowly and parallelly towards the dock.We can also shift the gears whenever we need to adjust the position of the boat.We have to secure the bow lines as well as the stern lines.Learn More :
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You purchase a digital camera for $495.00, a case for $38.50, a zoom lens for $216.45, and a
memory card for $74.95. The sales tax is 7.15 percent.
12. What is the total price of your purchase before sales tax?
A. S824.90
B. $749.95
C. $883.88
D. $801.25
Atlantis Fisheries issues zero coupon bonds on the market at a price of $498 per bond. These are callable in 8 years at a call price of $600. Using semiannual compounding, what is the yield to call for these bonds
Answer: 2.34%
Explanation:
Yield to call is the rate that would make the issue price equal to the call price in future. It is therefore the rate that would compound the $498 to $600 in 8 years.
Semiannual compounding means that the interest rate and the number of periods need to be adjusted:
Number of periods = 8 * 2 = 16 semi annual periods
Interest = x / 2 = 0.5x
Call price = Issue price * ( 1 + rate) ^ number of periods
600 = 498 * (1 + 0.5x)¹⁶
(1 + 0.5x)¹⁶ = 600 / 498
0.5x = ¹⁶√ (600/498) - 1
x = 0.011713672618214 / 0.5
x = 2.34%
List three (3) distinctions between limited liability partnership and conventional partnership using statute and decided cases.
If you're operating as a limited partnership, the general partner has unlimited liability for company losses and debts, while a limited partner has limited liability protection against company debts and losses. ... In an LLP, all partners have limited liability protection against company obligations and debts.
Suppose Lizzie consumes soda and pizza. If the last bottle of soda she drinks provides 100 units of utility per dollar while the last slice of pizza she eats provides 300 units of utility per dollar:_____.
a. the demand curve for soda must have shifted outward.
b. the demand curve for pizza must have shifted inward.
c. Lizzie should buy more pizza and less soda to maximize her utility.
d. the indifference curve for soda and pizza must have rotated inward.
e. the marginal rate of substitution between soda and pizza equals 3.
The answer is option c. Lizzie has to buy more pizza and less soda so that she can maximize her utility.
The reason why this is the answer is because, the utility that she gets from the consumption of pizza is greater than the utility that she derives from consuming soda.
From the question, when she eats pizza she gets 300 units of utility compared to when she drinks her last soda that only gives her 100 units of utility.
In conclusion, She should buy more of what gives her maximum utility. That is Pizza.
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