Answer: $1000
Explanation:
Using the average cost method, the value of ending inventory will be calculated thus:
Average cost per unit = Total cost / Total number of units
= $3000/150
= $20 per unit
Value of ending inventory = 50 units × $20 = $1000
Therefore, the value of ending inventory is $1000.
Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $40,000 and Retained Earnings of $815,500. During the year, no additional common stock was issued, and $10,000 of dividends were paid. For the year ended December 31, 20Y7, AAA Delivery reported a net income of $67,250. Prepare a statement of stockholders' equity for the year ended December 31, 20Y7.
Answer and Explanation:
The preparation of the statement of stockholder equity should be presented below:
Statement of stockholders' equity
For the year ended December 31, 20Y7
Particulars Common Stock Retained Earnings Total
Beginning balance,
January 1 40000 815500 855500
Add: Net income 0 67250 67250
Less: Dividends paid 0 -10000 -10000
Ending balance,
December 31 40000 872750 912750
The stockholders' equity balance for the year ended December 31, 20Y7 is $912,750
What is stockholders' equity?Shareholders' equity is what shows the investment status of a business over a period of time.
Statement of stockholders' equity for the year ended December 31, 20Y7
Particulars Common Stock Retained Earnings Total
Beginning balance,
January 1 40,000 815,500 855,500
Add: Net income 0 67,250 67,250
Less: Dividends paid 0 -10,000 -10,000
Ending balance
December 31 40,000 872,750 912,750
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Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 510 $ 2.44 Apr. 20 Purchase 380 2.72 Dunbar sold 590 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $747. $768. $838. $774.
Answer:
$768
Explanation:
The computation of the ending inventory using weighted average cost is shown below:
But before that average cost per unit is
= (510 × $2.44 + 380 × $2.72) ÷ ($510 + $380)
= ($1,244.40 + $1,033.60) ÷ (890)
= $2.56
Now the ending inventory is
= (890 - 590) × $2.56
= $768
The ending inventory using weighted average cost is $768. option (b) is correct.
The weighted average cost of capital (WACC), which includes common stock, preferred stock, bonds, and other types of debt, is the average after-tax cost of capital for a company. The WACC is the typical interest rate that a business anticipates paying to finance its assets.
The computation of the ending inventory using weighted average cost is:
But before that average cost per unit is
= (510 × $2.44 + 380 × $2.72) ÷ ($510 + $380)
= ($1,244.40 + $1,033.60) ÷ (890)
= $2.56
Now the ending inventory is
= (890 - 590) × $2.56
= $768
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Zachary Electronics currently produces the shipping containers it uses to deliver the electronics products it sells. The monthly cost of producing 9,100 containers follows. Unit-level materials $ 6,400 Unit-level labor 6,400 Unit-level overhead 3,800 Product-level costs* 8,400 Allocated facility-level costs 28,000 *One-third of these costs can be avoided by purchasing the containers. Russo Container Company has offered to sell comparable containers to Zachary for $2.70 each. Required Calculate the total relevant cost. Should Zachary continue to make the containers
Answer:
Zachary Electronics
Zachary should continue to make the containers. It is cheaper to make than to buy from Russo Container Company.
Explanation:
a) Data and Calculations:
Production units = 9,100 containers
Unit-level materials $ 6,400
Unit-level labor 6,400
Unit-level overhead 3,800
Total unit-level costs $16,600
Product-level costs* 8,400
Allocated facility-level costs 28,000
Relevant or avoidable costs:
Unit-level materials $ 6,400
Unit-level labor 6,400
Unit-level overhead 3,800
Total unit-level costs $16,600
Product-level costs* 2,800 ($8,400 * 1/3)
Total relevant costs = $19,400 (to make)
Relevant cost to buy:
Offer from Russo Container company = $2.70 per container
Total cost from outside supplier = $24,500 ($2.70 * 9,100)
Susans Consulting Company (SCC) has been in business for ten years and has experienced a significant turnover in the project management group, which has prompted senior leadership to investigate.
A preliminary review by senior leadership has determined that Project Managers are frustrated with the amount of required project management documentation, which has impacted their ability to manage projects successfully.
A recent review of the project management process has determined that SCC has spent between 30-40% of its total project budget on projects' overhead costs to include project management costs. A review of industry standards is between 5-15% higher than most companies. In addition, senior leaders found that projects are being delivered between 25% and 50% over budget and late 95% of the time.
Note: Project Management overhead includes the PM's time managing the project, attending meetings, and developing the required documentation.
SCC Request: SCC has reached out to your team because you are experts in defining project management processes and delivering projects on time. The SCC request includes the following:
. The development of a new project management process which at a minimum should include the following:
· The ability to track issues, risks, changes
· The ability to view project activities consists of a view of what has been completed and what activities the team is working on over the next reporting period
· The company must have a view into total life cycle project costs to include what has been spent to date, baseline budget, any changes to the budget, remaining budget, and cost of the project at completion
· In addition, to the new process request, SCC has a new project they need to complete by the end of the year with a limited budget and no project management staff.
1. Using your defined project management process outlined above, describe the life cycle model for this project
2. Create a WBS for the project. Remember your WBS is a deliverable base, so there should be a section of your WBS which outlines our project management deliverables
3. Using your defined prioritization process, prioritize each application.
4. Using the defined organizational structure, create a pictorial and narrative description of the organizational structure for the project.
Answer:
was assigned with this problem (the reference text is attached):
Which of the following, if included in a student's paper, would NOT be an example of plagiarism?
1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).
2. Baseball is rather surprisingly known as "America's Favorite Pastime."
3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).
4. All of these are plagiarism.
The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarismwas assigned with this problem (the reference text is attached):
Which of the following, if included in a student's paper, would NOT be an example of plagiarism?
1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).
2. Baseball is rather surprisingly known as "America's Favorite Pastime."
3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).
4. All of these are plagiarism.
The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarismwas assigned with this problem (the reference text is attached):
Which of the following, if included in a student's paper, would NOT be an example of plagiarism?
1. In the game of baseball, which is rather boring, the batter stands on home base (Hughes 1).
2. Baseball is rather surprisingly known as "America's Favorite Pastime."
3. Baseball is "a rather boring sport played between two teams of nine players" (Hughes 1).
4. All of these are plagiarism.
The answer tells that only the third choice is NOT a plagiarism. My question is, why is the first choice a plagiarism
1.sing your defined project management process outlined above, describe the life cycle model for this project.
What is (SCC) ?
Susans Consulting Company (SCC) has been in business for ten years and has experienced a significant turnover in the project management group, which has prompted senior leadership to investigate.
A preliminary review by senior leadership has determined that Project Managers are frustrated with the amount of required project management documentation, which has impacted their ability to manage projects successfully.
A recent review of the project management process has determined that SCC has spent between 30-40% of its total project budget on projects' overhead costs to include project management costs. A review of industry standards is between 5-15% higher than most companies. In addition, senior leaders found that projects are being delivered between 25% and 50% over budget and late 95% of the time.
Note: Project Management overhead includes the PM's time managing the project, attending meetings, and developing the required documentation.
SCC Request: SCC has reached out to your team because you are experts in defining project management processes and delivering projects on time. The SCC request includes the following:
.The development of a new project management process which at a minimum should include the following:
The ability to track issues, risks, changes
The ability to view project activities consists of a view of what has been completed and what activities the team is working on over the next reporting period
The company must have a view into total life cycle project costs to include what has been spent to date, baseline budget, any changes to the budget, remaining budget, and cost of the project at completion.
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Please calculate GDP using the following information: Government purchases - $200 billion Depreciation - $60 billion Investment - $80 billion Consumption - $600 billion Exports - $100 billion Imports - $120 billion Income receipts from the rest of the world - $10 billion Income payments to the rest of the world - $8 billion
Answer:
The GDP is $860 billion.
Explanation:
The gross domestic product (GDP) can be calculated using the expenditure approach formula as follows:
Y = C + I + G + (X - M) ....................................... (1)
Where:
Y = GDP = ?
C = Consumption = $600 billion
I = Investment - $80 billion
G = Government purchases = $200 billion
X = Exports = $100 billion
M = Imports = $120 billion
Substituting the values into equation (1), we have:
Y = $600 + $80 + $200 + ($100 - $120) = $860 billion
Therefore, the GDP is $860 billion.
1. The process of establishing the image or identity of a brand or product so that customers perceive it in a certain way is the definition of which of the following terms?
A. Marketing Strategy,
B. Social Media,
C. Marketing Position,
D. Target market
2. Anton's Coffee positions itself to provide the highest quality and most unique coffee drinks in the area. This is an example of which of the following?
A. Marketing Strategy
B. Social Media
C. Target Market
D. Marketing Postion
Answer:
Answer of your question is Marketing PositionExplanation:
Market positioning refers to the process of establishing the image or identity of a brand or product so that consumers perceive it in a certain way. For example, a car maker may position itself as a luxury status symbol.Prepare journal entries to record the following transactions for a retail store. The company uses a perpetual inventory system and the gross method.
Apr. 2 Purchased $6,100 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice dated April 2, and FOB shipping point.
Apr. 3 Paid $280 cash for shipping charges on the April 2 purchase.
Apr. 4 Returned to Lyon Company unacceptable merchandise that had an invoice price of $650.
Apr. 17 Sent a check to Lyon Company for the April 2 purchase, net of the discount and the returned merchandise.
Apr. 18 Purchased $11,500 of merchandise from Frist Corp. with credit terms of 1/10, n/30, invoice dated April 18, and FOB destination.
Apr. 21 After negotiations, received from Frist a $600 allowance toward the $11,500 owed on the April 18 purchase.
Apr. 28 Sent check to Frist paying for the April 18 purchase, net of the allowance and the discount.
Answer and Explanation:
The journal entries are shown below:
On April 02
Merchandise inventory Dr6100
To Accounts payable-Lyon 6100
On April 03
Merchandise inventory $280
To Cash $280
On April 04
Accounts payable-Lyon $650
To Merchandise inventory $650
On April 17
Accounts payable-Lyon $5450
To Merchandise inventory $109
To Cash $5341 [($6100 − $650) × (100% − 2%)]
On April 18
Merchandise inventory $11500
To Accounts payable-First Corp. $11500
On April 21
Accounts payable-First Corp. $600
To Merchandise inventory $600
On April 28
Accounts payable-First Corp. $10900
To Merchandise inventory $109
To Cash $10791 [($11500 − $600) × (100% − 1%)]
Baker Enterprises operates a midsized company that specializes in the production of a unique type of memory chip. It is currently the only firm in the market, and it earns $10 million per year by charging the monopoly price of $115 per chip. Baker is concerned that a new firm might soon attempt to clone its product. If successful, this would reduce Baker’s profit to $4 million per year. Estimates indicate that, if Baker increases its output to 280,000 units (which would lower its price to $100 per chip), the entrant will stay out of the market and Baker will earn profits of $8 million per year for the indefinite future. 1. What must Baker do to credibly deter entry by limit pricing? 2. Does it make sense for Baker to limit price if the interest rate is 10 percent?
Answer:
Baker Industries manufactures two products: A and B. The company predicts a sales volume of 10,000 units for product A and ending finished-goods inventory of 2,000 units. These numbers for product B are 12,000 and 3,000, respectively. Bacon currently has 7,000 units of A in inventory and 9,000 units
Explanation:
It is currently the only firm in the market, and it earns $10 million per year by charging the monopoly price of $115 per chip. Baker is concerned that a new firm might soon attempt to clone its product. If successful, this would reduce Baker’s profit to $4 million per year. Estimates indicate that, if Baker increases its output to 280,000
Hobson Company bought the securities listed below during 2020. These securities were classified as trading securities. In its December 31, 2020, income statement Hobson reported a net unrealized holding loss of $10,000 on these securities. Pertinent data at the end of June 2021 is as follows: SecurityCostFair Value X$360,000 $340,000 Y 190,000 160,300 Z 420,000 405,000 What amount of unrealized holding loss on these securities should Hobson include in its income statement for the six months ended June 30, 2021
Answer:
$54,700
Explanation:
Calculation to determine What amount of unrealized holding loss on these securities should Hobson include in its income statement for the six months ended June 30, 2021
Security Cost Fair value Gain(loss)
X $360,000 $340,000 -$20,000
Y $190,000 $160,300 -$29,700
Z $420,000 $405,000 -$15,000
Total $970,000 $905,300 -$64,700
Unrealized holding loss on Income statement ended June 30,2021 = $64,700 - $10,000
Unrealized holding loss on Income statement ended June 30,2021 = $54,700
Therefore the amount of unrealized holding loss on these securities should Hobson include in its income statement for the six months ended June 30, 2021 is $54,700
Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system requires an investment of $1,200,000 and either has: Even cash flows of $800,000 per year or The following expected annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000.
Required:
Calculate the payback period for each case.
Answer:
Assuming cashflows of $800,000 a year:
Payback period = Investment / Stable cashflow
= 1,200,000 / 800,000
= 1.5 years
Assuming uneven cashflows:
Payback period = Number of years before payback year + Cash remaining to be paid / Cashflow in payback period
= 150,000 + 150,000 + 400,000 + 400,000
= $1,100,000
Years before payback year = 4 years
Cash remaining to be paid back = Investment - Cashflow so far
= 1,200,000 - 1,100,000
= $100,000
Payback period = 4 + 100,000 / 100,000
= 5 years
At the beginning of the period, the Cutting Department budgeted direct labor of $125,000, direct materials of $151,000 and fixed factory overhead of $11,800 for 8,000 hours of production. The department actually completed 10,600 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round hourly rates to two decimal places. Round interim calculations to two decimal places. Round your final answer to the nearest dollar. a.$381,335 b.$377,606 c.$291,635 d.$287,800
Answer:
the appropriate total budget should be $377,500
Explanation:
The computation of the appropriate total budget should be given below:
Direct material ($151,000 ÷ 8,000 × 10,600) $200,075
direct labor ($125,000 ÷ 8,000 × 10,600) $165,625
fixed factory overhead $11,800
Total budget cost 377,500
Hence, the appropriate total budget should be $377,500
This is the answer but the same is not provided in the given options
Vaughn Manufacturing began the year with retained earnings of $654000. During the year, the company recorded revenues of $610000, expenses of $377000, and paid dividends of $143000. What was Vaughn's retained earnings at the end of the year
Answer:
$744,000
Explanation:
First and foremost, we need to determine the earnings after in the year which is the total earnings that would be used in computing the ending retained earnings
earnings after-tax=revenue-expenses
earnings after-tax= $610000-$377,000
earnings after-tax= $233,000
The closing retained earnings=beginning retained earnings+net income-dividends
The closing retained earnings=$654000+$233,000-$143,000
The closing retained earnings=$744,000
Department G had 2,280 units 25% completed at the beginning of the period, 13,200 units were completed during the period, 1,900 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $29,400 Costs added during period: Direct materials (12,820 units at $9) 115,380 Direct labor 77,400 Factory overhead 25,800 All direct materials are placed in process at the beginning of production, and the first-in, first-out method of inventory costing is used. What is the total cost of the units started and completed during the period (round unit cost calculations to whole dollars and round your final answer to the nearest dollar)?
Answer:
Department G
The total cost of the units started and completed during the period is:
= $184,717.
Explanation:
a) Data and Calculations:
FIFO Inventory costing method is used
Units Materials Conversion
Beginning inventory 2,280 100% 25%
Cost of beginning inventory = $29,400
Units started 12,820
Total units available 15,100
Units completed 13,200
Ending inventory 1,900 100% 20%
Started and completed 10,920 (13,200 - 2,280)
Equivalent units of production
Units Materials Conversion
Units in Beginning inventory 2,280 0 (0%) 1,710 (75%)
Units started and completed 10,920 10,920 (100%) 10,920 (100%)
Ending inventory 1,900 1,900 (100%) 380 (20%)
Equivalent units 12,820 13,010
Costs added during the period $115,380 $103,200
Equivalent units 12,820 13,010
Cost per equivalent unit $9.00 $7.93
Costs assigned to:
Beginning inventory $0 $13,603 $13,603
Cost of units started and completed 98,280 86,437 184,717
Ending inventory 17,100 3,013 20,113
All of the following are examples of batch-level activities EXCEPT: a. clerical activity associated with processing purchase orders to produce an order for a standard product. b. purchase order processing. c. setting up equipment. d. worker recreational facilities.
Answer:
d. worker recreational facilities.
Explanation:
The batch-level activities are the expenses that are incurred when the new bathes could be processed. It is only available at bulk not an individual
Since worker recreational facilities are related to the company and it is not related with the batch as it is related how we can motivate the employees
Therefore the option d is correct
Next year, we will be in a boom, bust, or normal state with 25%, 25% and 50% probabilities respectively. Apple will return 15%, -22% and 7% in each state (again respectively).
a) What is the expected return for Apple next year?
b) What is the standard deviation of returns for Apple next year?
Answer:
a. 1.75%b. 14.10%Explanation:
a. Expected return:
This will be a weighted average of the returns in different states.
= (25% * 15%) + (25% * -22%) + (50% * 7%)
= 1.75%
b. Standard deviation:
= √ Variance
= √(25% * (15% - 1.75%)²) + (25% * (-22% - 1.75%)²) + (50% * (7% - 1.75%)²)
= √0.01986875
= 14.10%
If sales are $822,000, variable costs are 79% of sales, and operating income is $244,000, what is the contribution margin ratio? a.75% b.25% c.21% d.79%
Answer:
c.21%
Explanation:
The computation of the contribution margin ratio is shown below
Sales is $822,000
Variable cost ratio 79% of sales
So,
Variable cost (79% of $822,000 ) $649,380
Now contribution margin is
= Sales - variable cost
= $822,000 - $649,380
= $172,620
Now
Contribution margin ratio is
= Contribution ÷ Sales × 100
= $172,620 ÷ $822,000 × 100
= 21%
Therefore the option c is correct
On December 31, 2020, the Bennett Company had 110,000 shares of common stock issued and outstanding. On July 1, 2021, the company sold 22,000 additional shares for cash. Bennett's net income for the year ended December 31, 2021, was $630,000. During 2021, Bennett declared and paid $72,000 in cash dividends on its nonconvertible preferred stock. What is the 2021 basic earnings per share
Answer:
$4.61
Explanation:
Calculation to determine the 2021 basic earnings per share
Using this formula
2021 basic earnings per share=Net income-Cash Dividend/shares of common stock issued+(additional shares for cash*6/12)
Let plug in the formula
2021 basic earnings per share=$630,000-$72,000/110,000+(22,000*6/12)
2021 basic earnings per share=$558,000/110,000+11,000
2021 basic earnings per share=$558,000/121,000
2021 basic earnings per share=$4.61
Therefore the 2021 basic earnings per share is $4.61
The 2021 basic earnings per share is $4.61
Earnings per share = (Net Income - Preferred Dividends) / WACSO
EPS = (630,000 - 72,000) / 121,000
EPS = 558,000 / 121,000
EPS = 4.61
To compute for Weighted average common stock outstanding.
January 1, 2021 110,000 * 12/12 110,000
July 1, 2021 22,000 * 6/12 11,000
Weighted Average Common Stock outstanding 121,000
Therefore, the 2021 basic earnings per share is $4.61
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Haulsee Inc. builds 800,000 golf carts a year and purchases the electronic motors for these carts for $370 each. Ordering costs are $540, and Haulsee's inventory carrying costs average 14% of the inventory value.
What is the economic order quantity (EOQ) for Haulsee?
Answer:
4,084
Explanation:
Calculation to determine the economic order quantity (EOQ) for Haulsee
Using this formula
Economic Order Quantity (EOQ) =((2* Annual Requirement * Cost per order)/Carrying cost per unit)^ (1/2)
Let plug in the formula
Economic Order Quantity (EOQ) = ((2*800,000*540)/(370*14%))^(1/2)
Economic Order Quantity (EOQ) = 4,084 units
Therefore the economic order quantity (EOQ) for Haulsee is 4,084 units
Suppose operation X feeds directly into operation Y. All of X's output goes to Y, and Y has no other operations feeding into it. X has a design capacity of 80 units per hour and an effective capacity of 72 units per hour. Y has a design capacity of 100 units per hour. What is Y's maximum possible utilization
Answer:
72 percent
Explanation:
The computation of the Y's maximum possible utilization is given below:
In the case when the maximum output received from C is 72 units per hour so the maximum input rate to Y should also be 72 units per hour as X and Y are linked in series
So as per the given situation, Y's maximum possible utilization is 72 percent
The same should be considered and relevant
Chang Co. issued a $50,000, 120-day, discounted note to Guarantee Bank. The discount rate is 6%. Assuming a 360-day year, the cash proceeds to Chang Co. are:________
a. $49,750
b. $47,000
c. $49,000
d. $51,000
Answer:
c. $49,000
Explanation:
Calculation to determine what the cash proceeds to Chang Co. are:
Cash proceed=$50,000-($50,000*6%*120/360)
Cash proceed=$50,000-$1,000
Cash proceed=$49,000
Therefore the cash proceeds to Chang Co. are:$49,000
Your boss asked you to analyze Green Hamster Manufacturing's performance for the past three years and prepare a report that includes a benchmarking of the company's performance. Using the company's last three years of financial reports, you've calculated its financial ratios, including the ratios of Green Hamster Manufacturing's competition-that is, comparable ratios of other participants in the industry-and submitted the report.
Along with calculating the ratios, what else is needed for your report?
a. Making observations and identifying trends that are suggested by the ratio analysis
b. Identifying the factors that drive the trends in the ratios
c. Both of the above
Most decision makers and analysts use five groups of ratios to examine the different aspects of a company's performance. Indicate whether each of the following statements regarding financial ratios are true or false?
Statements
One possible explanation for an increase in a firm's profitability ratios over a certain time span is that the company's income has increased.
Market-value or market-based ratios help analysts figure out what investors and the markets think about the firm's growth prospects or current and future operational performance.
A company exhibiting a high liquidity ratio means it is likely to have enough resources to pay off its short-term obligations.
Debt or financial leverage ratios help analysts determine whether a company has sufficient cash to repay its short-term debt obligations.
Asset management or activity ratios provide insights into management's efficiency in using a firm's working capital and long- term assets.
Ratio analysis is an important component of evaluating company performance. It can provide great insights into how a company matches up against itself over time and against other players within the industry. However, like many tools and techniques, ratio analysis has a few limitations and weaknesses. Which of the following statements represent a weakness or limitation of ratio analysis?
A. A firm may operate in multiple industries.
B. A firm's financial statements show only one period of financial data.
C. Different firms may use different accounting practices.
Ratio analysis is an important component of evaluating company performance. It can provide great insights into how a company matches up against itself over time and against other players within the industry. However, like many tools and techniques, ratio analysis has a few limitations and weaknesses.
Answer:
1. c. Both of the above
2. a. False
b. True
c. True
d. False
e. True
f. True
3. c. Different firms may use different accounting practices.
Explanation:
Ratio Analysis is one of the method to evaluate a company performance. It helps to analyse a company performance based on different financial metrics. Profitability ratios help to understand company profits position and identify reason for their increase or decrease. Liquidity ratios help understand company's ability to payoff its short term debt obligations.
Retained earnings, December 31, 2013 $342,700
Cost of buildings purchased during 2014 44,100
Net income for the year ended December 31, 2014 56,200
Dividends declared and paid in 2014 32,800
Increase in cash balance from January 1, 2014, to December 31, 2014 22,700
Increase in long-term debt in 2014 45,300
Required:
Calculate the Retained Earnings balance as of December 31, 2014.
Answer:
the ending retained earning balance is $366,100
Explanation:
The computation of the ending retained earning balance is given below:
= Opening balance of retained earnings + net income - dividend paid
= $342,700 + $56,200 - $32,800
= $366,100
Hence, the ending retained earning balance is $366,100
The same should be considered and relevant
Wanda opens a retirement account and starts with a balance of $6,000. One year later she has $6,720 in the account. During the year, the consumer price index increased from 160 to 166.4.
The nominal interest rate is ______________ % and the real interest rate is ____________ %
Consider the following information about production in quarter 1 of 2019.
Firm T produces 600 tires at a cost of $28 each, and sells 580 tires to Firm B at a cost of $37 each.
Firm B produces 290 bicycles at a total of cost of $348 each, and sells 280 bicycles to consumers for $407 each.
In this simple economy, what is the value of inventory investment?
Bob sells his 4 year old carto his cousin Bill. This _____________ count in GDP.
Joy sells her 5 year old car to CarMax. This _____________ count in GDP.
Auto Nation sells used cars for 25% more than they pay for them. This ___________ count in GDP
The nominal and the real interest rate is "12%" and "8%". A further explanation is provided below.
Given:
Future worth,
= $6,720
Present worth,
= $6,000
→ The Nominal interest rate is:
= [tex](\frac{Future \ worth}{Present \ worth})^{1/years} -1[/tex]
= [tex](\frac{6720}{6000} )^1-1[/tex]
= [tex]0.12\times 100[/tex]
= [tex]12[/tex] (%)
Now,
→ The Inflation rate will be:
= [tex]\frac{166.4}{160}-1\times 100[/tex]
= [tex]4[/tex] (%)
hence,
→ The real interest rate will be:
= [tex]Nominal \ rate - Inflation \ rate[/tex]
= [tex]12-4[/tex]
= 18
Thus the above is the right solution.
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From the theoretical research on commodity economics and the market, please suggest the necessary solutions for investors to stand firm in the market? Why?
Answer:
23
Explanation:
During Year 1, Hardy Merchandising Company purchased $20,000 of inventory on account. Hardy sold inventory on account that cost $15,000 for $22,500. Cash payments on accounts payable were $12,500. There was $20,000 cash collected from accounts receivable. Hardy also paid $4,000 cash for operating expenses. Assume that Hardy started the accounting period with $18,000 in both cash and common stock.
Required:
a. Record the events in a horizontal statement model.
b. What is the balance of accounts recelvable at the end of 2018?
c. What is the balance of accounts payable at the end of 2018?
d. What are the amounts of gross margin and net income for 2018?
Answer:
[b] = $ 2500
[c] = $ 7500
[d] = Gross margin = 22500 – 15000 = $ 7500
Net Income = 7500 – 4000 = $ 3500
[e] = $ 3500
Explanation:
Here the solution is given as follows,
Required information Skip to question [The following information applies to the questions displayed below.] The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues Revenues from our magazine subscription services are deferred initially and later recognized as revenue as subscription services are provided. Assume TTT (a) collected $420 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $204 million of services on these subscriptions in 2018, and (c) provided $216 million of services on these subscriptions in 2019. Required: Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (c). (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.)
Answer:
The solution to the given question is defined in the attached file please find it.
Explanation:
Coffee from Colombia last year was supplied at $9 per 10 pounds. This year the demand has decreased and that same supply of Colombia coffee is priced at $6 per 10 pounds. What will happen to supply of Colombian coffee this year
Answer:
There's a decrease in the quantity supplied
Explanation:
since there is a decrease in the price so it would impact the quantity supplied but not the supply as per the law of supply in the case when price reduced the quantity supplied so it should be reduced and vice versa
Since price reduced from $9 for 10 pounds to $6 for 10 poinds
So there is a decrease in the quantity supplied
Equipment was purchased for $151000. Freight charges amounted to $6000 and there was a cost of $14000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $36000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be
Answer: $27000
Explanation:
The formula for straight line depreciation will be:
= (Cost of asset - Salvage value) / Useful life of asset
Cost of asset = $151000 + $6000 + $14000 = $171000
Straight line Depreciation = ($171000 - $36000) / 5
= $135000/5
= $27000
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $4 per unit, Direct labor, $2 per unit, Variable overhead, $3 per unit, and Fixed overhead, $160,000. The company produced 20,000 units, and sold 15,000 units, leaving 5,000 units in inventory at year-end. What is the value of ending inventory under absorption costing
Answer: $85,000
Explanation:
Find out the cost of per unit of inventory under absorption costing:
= Direct materials + Direct labor + Variable overhead + Fixed overhead per unit
= 4 + 2 + 3 + 160,000 / 20,000 units
= 4 + 2 + 3 + 8
= $17 per unit
If 5,000 units are left, the value of those units are:
= 5,000 * 17
= $85,000
If a consumer is always indifferent between an additional one grapefruit or an additional two oranges, then when oranges are on the horizontal axis the indifference curves: Group of answer choices will be straight lines with a slope of 1/2. will be straight lines with a slope of -1. will be right angles whose corners occur on a ray from the origin with a slope of 2. none of these options is correct. will be straight lines with a slope of -1/2.
Answer: will be straight lines with a slope of -1/2.
Explanation:
An indifference curve simply means the combination of two goods that can give a consumer equal satisfaction, and this makes the consumer indifferent.
It should be noted that along the curve, the consumer will have an equal preference which is for the combinations of the goods that are shown.
If a consumer is always indifferent between an additional one grapefruit or an additional two oranges, then when oranges are on the horizontal axis, then the indifference curves will be straight lines with a slope of -1/2. Here, the fact that the slope is negative
is due to the fact that the curve is downward sloping.
