Answer:
Winklevoss Inc.
Journal Entries:
2016
July 1. Debit Cash $63,532,267
Debit Bonds Discount $10,467,733
Credit 11% Callable Bonds Payable $74,000,000
To record the issuance of 20-year, 11% callable bonds dated
Oct. 1. Debit Cash $200,000
Credit 6% Installment Note Payable (Nicks Bank) $200,000
To record the issuance of a six-year, 6% installment note.
Dec. 31. Debit Interest Expense $3,000
Credit Interest Expense Payable $3,000
To accrue interest for 3 months.
Dec. 31. Debit Interest Expense on Bonds $4,331,693
Credit Bond discount amortization $261,693
Credit Cash $4,070,000
To record the first semiannual interest payment.
Dec. 31. Debit Income Summary $4,334,693
Credit Interest Expense $4,334,693
To close the expense accounts.
2017
June 30. Debit Interest Expense on Bonds $4,331,693
Credit Bond discount amortization $261,693
Credit Cash $4,070,000
To record the second semiannual interest payment.
Sept. 30. Debit 6% Installment Notes Payable $28,673
Debit Interest Expense $9,000
Debit Interest Expense Payable $3,000
Credit Cash $40,673
To record installment payment, including interest.
Dec. 31. Debit Interest Expense $2,570
Credit Interest Expense Payable $2,570
To accrue interest.
Dec. 31. Debit Interest Expense on Bonds $4,331,693
Credit Bond discount amortization $261,693
CreditCash $4,070,000
To record semiannual interest payment.
Dec. 31. Debit Income Summary $4,334,263
Credit Interest Expense $4,334,263
To close the interest expense account.
2018
June 30. Debit 11% Callable Bonds Payable $74,000,000
Credit Bond Discount $1,480,000
Credit Cash $72,520,000
To record the bond redemption only.
Sept. 30. Debit 6% Installment Notes Payable $30,393
Debit Interest Expense $7,710
Debit Interest Expense Payable $2,570
Credit Cash $40,673
To record the second annual payment on the note, which consisted of interest of $10,280 and principal of $30,393.
Explanation:
a) Data and Analysis:
2016
July 1. Cash $63,532,267 Bonds Discount $10,467,733 11% Callable Bonds Payable $74,000,000 issue of 20-year, 11% callable bonds dated
July 1, 2016, at a market (effective rate of 13%, receiving cash of . Interest is payable semiannually on December 31 and June 30.
Oct. 1. Cash $200,000 6% Installment Note Payable (Nicks Bank) $200,000
issuance of a six-year, 6% installment note to . The note requires annual payments of $40,673, with the first payment occurring on September 30,
2017.
Dec. 31. Interest Expense $3,000 Interest Expense Payable $3,000
Dec. 31. Interest Expense on Bonds $4,331,693 Bond discount amortization $261,693 Cash $4,070,000
Dec. 31. Income Summary $4,334,693 Interest Expense $4,334,693
2017
June 30. Interest Expense on Bonds $4,331,693 Bond discount amortization $261,693 Cash $4,070,000
Sept. 30. 6% Installment Notes Payable $28,673 Interest Expense $9,000 Interest Expense Payable $3,000 Cash $40,673
Dec. 31. Interest Expense $2,570 Interest Expense Payable $2,570
Dec. 31. Interest Expense on Bonds $4,331,693 Bond discount amortization $261,693 Cash $4,070,000
Dec. 31. Income Summary $4,334,263 Interest Expense $4,334,263
2018
June 30. 11% Callable Bonds Payable $74,000,000 Bond Discount $1,480,000 Cash $72,520,000 To record the bond redemption only.
Sept. 30. 6% Installment Notes Payable $30,393 Interest Expense $7,710 Interest Expense Payable $2,570 Cash $40,673
the second annual payment on the note, which consisted of interest of $10,280 and principal of $30,393.
Mighty Safe Fire Alarm is currently buying 58,000 motherboards from MotherBoard, Inc., at a price of $63 per board. Mighty Safe is considering making its own boards. The costs to make the board are as follows: direct materials, $29 per unit; direct labor, $10 per unit; and variable factory overhead, $15 per unit. Fixed costs for the plant would increase by $81,000. Which option should be selected and why
Answer:
don't know need points cbmxbmdhdgsajgshkfkhdlhbxhndgkgk
Maxim manufactures a hamster food product called Green Health. Maxim currently has 11,500 bags of Green Health on hand. The variable production costs per bag are $2.10 and total fixed costs are $13,000. The hamster food can be sold as it is for $10.00 per bag or be processed further into Premium Green and Green Deluxe at an additional cost. The additional processing will yield 11,500 bags of Premium Green and 3,300 bags of Green Deluxe, which can be sold for $9 and $7 per bag, respectively. Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:
Answer:
$126,600
Explanation:
Calculation to determine what the revenue from the two products would be:
Venue if processed further:
Premium Green (11,500 bags * $9 per bag) $ 103,500
Green Deluxe (3,300 bags * $7 per bag) $23,100
Total revenue if processed further $ 126,600
($103,500+$23,100)
Therefore Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:$126,600
Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $11,000 and the year-end balance was $15,500. The additional paid-in capital account balance increased $3,600 during the year. The retained earnings balance at the beginning of the year was $65,000 and the year-end balance was $90,000. Net income was $37,000. How much were Superior's dividend declarations during its recent year of operation
Answer:
$12,000
Explanation:
Given the above information, we will apply the formula below:
The ending balance of retained earnings = Beginning balance of retained earnings + Net income - Dividend paid
$90,000 = $65,000 + $37,000 - Dividend paid
Dividend paid = $65,000 + $37,000 - $90,000
Dividend paid = $12,000
Therefore, the above balance of $12,000 would be displayed in the retained earnings statment
What is e- marketing
Answer:
marketing online pretty much
Use the following table:
Present Value of an Annuity of 1
Period 8% 9% 10%
1 0.926 0.917 0.909
2 1.783 1.759 1.736
3 2.577 2.531 2.487
A company has a minimum required rate of return of 9%. It is considering investing in a project which costs $450000 and is expected to generate cash inflows of $200000 at the end of each year for three years. The net present value of this project is:________
a. $100000.
b. $506200.
c. $56200.
Answer:
c. $56,200
Explanation:
The cash inflows = $200,000, r = required rate of return = 9%, n = number of years = 3
Present Value of Annuity Factor (9%,3) = 2.531
Net Present Value of the Project = Cash inflows * Present Value of Annuity Factor (r,n) - Cost of Project
Net Present Value of the Project = ($200,000 * 2.531) - $450,000
Net Present Value of the Project = $506,200 - $450,000
Net Present Value of the Project = $56,200
A company with 82,146 authorized shares of $5 par common stock issued 31,717 shares at $14 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $26 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend
Answer:
$16,492.84
Explanation:
Calculation to determine the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend
Amount transferred to Paid-in capital accounts=(Common stock*Stock dividend declared percentage)*Market price
Let plug in the formula
Amount transferred to Paid-in capital accounts=(31,717 shares*2%)*$26 per share
Amount transferred to Paid-in capital accounts=634.34*$26 per share
Amount transferred to Paid-in capital accounts=$16,492.84
Therefore the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend is $16,492.84
When Argentina fixed the exchange rate of their peso to the U.S. dollar, one outcome was: Group of answer choices Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC. Argentinean central bankers regained control of their domestic interest rate. Argentinean central bankers were finally able to focus their attention on domestic monetary policy. Argentineans began using the U.S. dollar for all of their transactions.
Answer: Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.
Explanation:
The Federal Open Market Committee(FOMC) is a committee of the Federal Reserve which influences the interest rate in the country by engaging in Open Market Operations (OMO). In doing so, they also influence the value of the dollar which is the currency of the U.S.
By pegging the Argentine Peso to the U.S. dollar, the Argentines effectively gave control of their domestic interest rate to the FOMC because the FOMC in deciding the interest rate for the U.S. and therefore the dollar, will be deciding for any other currency that moves exactly as the dollar does which is what the Peso is now going to do.
The outcome was that Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.
The Federal Open Market Committee is a committee of the Federal Reserve which influences the interest rate in the country by engaging in Open Market Operations (OMO).
Now, by pegging the Argentine Peso to the U.S. dollar, the Argentines will effectively gave control of their interest rate to the Federal Open Market Committee for interest rate decision, therefore, will be deciding for any other currency that moves exactly as the dollar does.Hence, the Option A is correct because the outcome was that Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.
Read more about this here
brainly.com/question/12666508
Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year: Black Division Navy Division Sales (net) $ 1,000,000 $ 370,000 Salary expense 25,000 45,000 Cost of goods sold 120,000 156,000 The Black Division occupies 18,000 square feet in the plant. The Navy Division occupies 27,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $45,000. Compute departmental income for the Black and Navy Divisions, respectively. (Do not round your intermediate computations)
How do you deal with your distraction
Answer:
Proven Strategies for Overcoming Distractions
Put yourself in distraction-free mode. ...
Set three main objectives every day. ...
Give yourself a shorter time frame. ...
Monitor your mind wandering. ...
Train your brain by making a game out of it. ...
Take on more challenging work. ...
Break the cycle of stress and distraction.
Answer:
sticking to a schedule and taking breaks and get away from the thing that distracts u
i also like to put music when im
doing my work so that it wont get boring
Explanation:
Metlock Mining Company purchased land on February 1, 2020, at a cost of $1,101,100. It estimated that a total of 58,200 tons of mineral was available for mining. After it has removed all the natural resources, the company will be required to restore the property to its previous state because of strict environmental protection laws. It estimates the fair value of this restoration obligation at $112,500. It believes it will be able to sell the property afterwards for $125,000. It incurred developmental costs of $250,000 before it was able to do any mining. In 2020, resources removed totaled 29,100 tons. The company sold 21,340 tons.
Compute the following information for 2020.
(a) Per unit mineral cost: _______
(b) Total material cost of December 31, 2020, inventory:_______
(c) Total material cost in cost of goods sold at December 31, 2020:_______
Answer and Explanation:
The computation is shown below;
(a)
Purchase price of Land $1,101,100
Add: Fair value of restoration $112,500
Less: residual value -$125,000
Developmental costs $250,000
Total $1,388,600
Divided by Tons available for mining 58,200
Per unit Material cost $23.00
(b) Inventory $178,480 (29100 - 21340) × $23
(c ) Cost of goods sold $490,820 (21340 × $23)
Hetrick Dentistry Services operates in a large metropolitan area. Currently, Hetrick has its own dental laboratory to produce porcelain and gold crowns. The unit costs to produce the crowns are as follows:
Porcelain Gold
Raw materials $70 $130
Direct labor 27 27
Variable overhead 8 8
Fixed overhead 22 22
Total $127 $187
Fixed overhead is detailed as follows:
Salary (supervisor) $26,000
Depreciation 5,000
Rent (lab facility) 32,000
Overhead is applied on the basis of direct labor hours. These rates were computed by using 5,500 direct labor hours. A local dental laboratory has offered to supply Hetrick all the crowns it needs. Its price is $125 for porcelain crowns and$150 for gold crowns; however, the offer is conditional on supplying both types of crowns—it will not supply just one
type for the price indicated. If the offer is accepted, the equipment used by Hetrick's laboratory would be scrapped (it i!
old and has no market value), and the lab facility would be closed. Hetrick uses 2,000 porcelain crowns and 600 gold crowns per year.
Required:
Conceptual Connection: Should Hetrick continue to make its own crowns, or should they be purchased from the external supplier?
Answer:
Hetrick Dentistry Services
Hetrick should buy the crowns from the external supplier.
Explanation:
a) Data and Calculations:
Porcelain Gold
Raw materials $70 $130
Direct labor 27 27
Variable overhead 8 8
Fixed overhead 22 22
Total $127 $187
Variable costs $125 $165
Supplier's prices $125 $150
Savings (outside purchase) $0 $15
Savings from buying from outside supplier = $9,000 ($165 - 150) * 600)
Fixed overhead is detailed as follows:
Salary (supervisor) $26,000
Depreciation 5,000
Rent (lab facility) 32,000
Total fixed overhead $63,000
How many people started new businesses in 2011 according to the Kauffman Foundation?
A) 5%
B) 320 of every 100,000 adults in this country
C) 350 of every 100,000 adults in this country
D) 320,000
Answer:
B) 320 of every 100,000 Adults in this country.
Explanation: this is correct!
Select the correct answer.
At the end of the year, Clean123 Inc. has a service revenue of $193,750, an accounts payable of $500, a notes payable of $ 17,800, a salaries
expense of $26,900, and a rent expense of $14,640. What is Clean123 Inc.'s net income?
ОА.
$134,410
OB.
$152,210
OC. $161,310
OD. $166,850
Reset
Next
Answer: $152,210
Explanation:
The net income is the income that remains after the expenses has been deducted from the revenue.
Clean123 Inc.'s net income will be calculated as:
Service revenue = $193,750
Less: Salaries expense = $26,900
Less: rent expense = $14,640.
Net income = $152,210
Therefore, the net income is $152210
As a result of recent downsizing at his firm, Dominic lost his job as an IT manager for a large telecommunications company. A true, self-confirmed computer nerd, Dominic knew that several of his past contacts often outsourced their computer problems. He decided it was a good time to test the waters and see if he could secure enough computer clients to be in business for himself. His success demonstrated that
Answer:
The responses to the given question can be defined as follows:
Explanation:
Dominic quit his position as an IT manager for the largest telecommunication company despite a brief downsizing in her corporation. A genuine, self-confirmed nerd of a machine, Dominic realized that several of his past connections often subcontracted problems. He decided to try out all the water to find out whether he could secure and/or computer clients to be in the company. His performance has shown that effective major firms also generate lucrative support for young businesses. He could consider outsourcing jobs from large companies. It shows that big companies are supplying the small company with jobs, that's why the correct choice is "successful big businesses often create profitable opportunities for small businesses".
Consider the following scenarios.
a. Scenario one has two options available.
Option A: There is a 50% chance of winning $1,000 and a 50% chance of winning $0.
Option B: There is a 100% chance of receiving $500.
A risk-averse person (Click to select) will choose option A will choose option B will be indifferent between options A and B might choose option A or might choose option B .
b. Scenario two has two different options available.
Option C: There is a 40% chance of winning $90 and a 60% chance of winning $110.
Option D: There is a 100% chance of winning $90.
A risk-averse person (Click to select) will choose option C will choose option D will be indifferent between options C and D might choose option C or might choose option D .
c. Scenario three has two more options available.
Option E: There is a 50% chance of winning $0 and a 50% chance of winning $100.
Option F: There is a 50% chance of winning $20 and a 50% chance of winning $60.
A risk-averse person (Click to select) will choose option E will choose option F will be indifferent between options E and F might choose option E or might choose option F .
Answer:
Scenario 1: A risk-averse person will choose option B.
Scenario 2: A risk-averse person will choose option D.
Scenario 3: A risk-averse person will choose option F.
Explanation:
a) Data and Calculations:
Scenario 1:
Option A Winning Expected
Probability Value
50% $1,000 $500
50% 0 0
Total winning = $500
Option B Winning Expected
Probability Value
100% $500 $500
0% 0
Total winning = $500
Scenario 2:
Option C Winning Expected
Probability Value
40% $90 $36
60% 110 66
Total winning = $102
Option D Winning Expected
Probability Value
100% $90 $90
Scenario 3:
Option E Winning Expected
Probability Value
50% $0 $0
50% 100 50
Total winning = $50
Option F Winning Expected
Probability Value
50% $20 $10
50% 60 30
Total winning = $40
b) The risk-averse person tries to avoid risks at all times. Her choice of investment favors an option that has a 100% probability of winning, thereby eliminating risks in all ramifications. This is why she is never indifferent between two options as she factors in the probability of losing.
Your firm needs a computerized machine tool lathe which costs $51,000 and requires $12,100 in maintenance for each year of its 3-year life. After three years, this machine will be replaced. The machine falls into the MACRS 3-year class life category. Assume a tax rate of 34 percent and a discount rate of 11 percent. If the lathe can be sold for $5,100 at the end of year 3, what is the after-tax salvage value
Answer:
$4,650.89
Explanation:
Year Depreciation rate Depreciation Book Value
(51000*Rate)
1 33.33% $16,998.30 $34,001.70
2 44.45% $22,669.50 $11,332.20
3 14.81% $7,553.10 $3,779.10
4 7.41% $3,779.10
100% $51,000
Sale Value $5,100
Book Value at end of 3 years $3,779.10
Net Gain on Sale $1,320.90
Tax On Gain = $1320.90*0.34
Tax On Gain = $449.11
After-tax salvage value = $5100 - $449.11
After-tax salvage value = $4,650.89
Problem 11-11 Calculating Operating Leverage [LO4] At an output level of 62,000 units, you calculate that the degree of operating leverage is 3.7. The output rises to 67,000 units. What will the percentage change in operating cash flow be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Will the new level of operating leverage be higher or lower?
Answer:
Percentage change in sales = [(Ending value - Beginning value) / Beginning value] * 100
Percentage change in sales = [($67,000 - $62,000) / $62,000] * 100
Percentage change in sales = 0.080645
Percentage change in sales = 8.0645%
Percentage change in OCF = Percentage change in sales * Degree of operating leverage
Percentage change in OCF = 8.0645% * 3.7
Percentage change in OCF = 29.84%
Will the new level of operating leverage be higher or lower?
As the sales increase, contribution margin will remain constant but operating margin percentage will rise. Therefore, this leads to fall in operating leverage.
Lando Calrissian just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $330,000 per year for 25 years beginning today, or receiving one lump-sum amount today. Lando can earn 4% investing this money. At what lump-sum payment amount would he be indifferent between the two alternatives
Answer:
the lump-sum payment amount would he be indifferent between the two alternatives is $5,361,497.79
Explanation:
The computation of the lump-sum payment amount would be shown below:
= Annual cash flow per year × present value of annuity due factor at 4% for 25 years
= $330,000 × 16.246963
= $5,361,497.79
Refer the present value of annuity due factor table for the same
hence, the lump-sum payment amount would he be indifferent between the two alternatives is $5,361,497.79
Brewsters, a ice cream company, has been fairly successful in its market. Lydia sees an opportunity for profit and enters the market. After producing her profit-maximizing level of output, she finds that her average total cost per unit is $5, her average variable cost per unit is $3, and the market price is $2.50. In the short run, Lydia should Choose one: A. expand production because she is making a positive economic profit.
Answer:
A. shut down her business.
Explanation:
Given that
The average overall cost per unit is $5
The average variable cost per unit is $3
And, the market price per unit is $2.50
Based on the above information
In the short run, the lydia should shut down her business as the total cost is more than the market price due to which the company is suffering the loss instead of the profit
Therefore the correct option is a.
What is one of the best known functions of The Consumer Product Safety Commission?
O product recalls
O identity theft damage repair
O food safety
Ofree credit reports
Answer:
product recalls
Explanation:
Note, the Consumer Product Safety Commission is an agency that is concerned with consumer product safety in general regardless of whether they are food-related products or not.
Hence, this agency among its stated primary objectives on its official website includes carrying out product recalls where necessary.
A good example of backward vertical integration is a: A. global public accounting firm acquiring a small local or regional public accounting firm. B. hospital opening up a nursing home for the aged. C. large supermarket chain getting into convenience food stores. D. railroad company acquiring a trucking company specializing in long-haul freight. E. crude oil refinery purchasing a firm engaged in drilling and exploring for oil.
Answer: E. crude oil refinery purchasing a firm engaged in drilling and exploring for oil.
Explanation:
Backward integration occurs when Company A acquires Company B because Company B produces the inputs that goes into the manufacturing of the goods produced by Company A.
In the scenario in option E, a crude oil refinery produces goods such as gasoline and other types of fuel but they do this by refining crude oil which is what the firm that they purchased is engaged in acquiring. This is therefore backward integration.
Suppose the working-age population of a fictional economy falls into the following categories:
75 have full-time employment; 25 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 people are stay at home parents.
(1) What is the size of Labor force?
(2) What is the Unemployment rate?
Answer:
The right solution is:
(a) 120
(b) 20%
Explanation:
Given that,
Full time employed,
= 75
Part time employed,
= 25
Total unemployed,
= 20
(a)
The total employed will be:
= [tex]Full \ time + Part \ time[/tex]
= [tex]75+25[/tex]
= [tex]100[/tex]
Now,
Labor force will be:
= [tex]Total \ employed+Total \ unemployed[/tex]
= [tex]100+20[/tex]
= [tex]120[/tex]
(b)
The unemployment rate will be:
= [tex]\frac{Total \ unemployment}{Labor \ force}\times 100[/tex]
= [tex]\frac{20}{100}\times 100[/tex]
= [tex]0.2\times 100[/tex]
= [tex]20[/tex] (%)
The following information is available for a company's utility cost for operating its machines over the last four months. Month Machine hours Utility cost January 940 $ 5,490 February 1,840 $ 6,980 March 2,480 $ 8,100 April 640 $ 3,900 Using the high-low method, the estimated variable cost per machine hour for utilities is:
Answer:
Variable cost per unit= $2.28
Explanation:
Giving the following information:
January 940 $ 5,490
February 1,840 $ 6,980
March 2,480 $ 8,100
April 640 $ 3,900
To calculate the variable cost per machine hour under the high-low method, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (8,100 - 3,900) / (2,480 - 640)
Variable cost per unit= $2.28
POV: I'm the quiet kid
*pulls out AK - 47*
Answer:
POV : Rest Of The Class Run's And *Pumped Up Kicks* Stars Playing In The Background!!
stop, im both quiet and emo kid, us quiet kids arent actually like that even tho i as a quiet kid myself actually enjoy those memes cuz i like seeing those popular kids and the bullys get destroyed by us
Envision Company has a target return on capital of 12 percent. The following financial information is available for October ($ thousands):
Software Division (Value Base) Consulting Division (Value Base) Venture Capital Division (Value Base)
Book Current Book Current Book Current
Sales $150,000 $150,000 $250,000 $250,000 $850,000 $850,000
Income 17,750 17,200 21,900 25,520 62,230 57,420
Assets 70,000 90,000 100,000 110,000 610,000 590,000
Liabilities 10,000 10,000 14,000 14,000 40,000 40,000
Required:
a. Compute the return on investment using both book and current values for each division.
b. Compute the residual income for both book and current values for each division.
Answer:
Envision Company
Software Division Consulting Division Venture Capital Division
(Value Base) (Value Base) (Value Base)
Book Current Book Current Book Current
a) Return on investment
= 25.3% 19% 21.9% 23.2% 10.2% 9.7%
b) Residual income = operating income - (minimum required return x operating assets)
= 9,350 6,400 9,900 12,320 (10,970) (13,380)
Explanation:
a) Data and Calculations:
Target return on capital = 12%
Software Division Consulting Division Venture Capital Division
(Value Base) (Value Base) (Value Base)
Book Current Book Current Book Current
Sales $150,000 $150,000 $250,000 $250,000 $850,000 $850,000
Income 17,750 17,200 21,900 25,520 62,230 57,420
Assets 70,000 90,000 100,000 110,000 610,000 590,000
Liabilities 10,000 10,000 14,000 14,000 40,000 40,000
Software Division Consulting Division Venture Capital Division
(Value Base) (Value Base) (Value Base)
Book Current Book Current Book Current
a) Return on investment = Income/Assets * 100
= 25.3% 19% 21.9% 23.2% 10.2% 9.7%
b) Residual income = operating income - (minimum required return x operating assets)
Minimum required returns (in dollar value) = 12% of Assets:
= 8,400 10,800 12,000 13,200 73,200 70,800
Residual income
= 9,350 6,400 9,900 12,320 (10,970) (13,380)
The rate established at the beginning of a period that uses estimated overhead and an allocation factor such as estimated direct labor, and that is used to assign overhead cost to jobs, is the: Multiple Choice Predetermined overhead rate. Overhead variance rate. Estimated labor cost rate. Chargeable overhead rate. Miscellaneous overhead rate.
Answer:
Predetermined overhead rate
Explanation:
The predetermined overhead rate is the rate that is computed by taking the estimated manufacturing overhead and the same would be divided by allocation factor that could be estimated direct labor, estimated direct hours, etc in order to assign the overhead cost
So according to the given situation, the first option is correct i.e. predetermined overhead rate
Every good speaker adapts to the audience. When adapting presentations for intercultural audiences, most people understand that they must make the basic language adaptations; however, more fundamental sensitivity is sometimes needed in relation to organization, speaking conventions, values, and nonverbal communication. When addressing cross-cultural audiences:__________.
a. use first names
b. anticipate differing expectations
c. deliver your main point first
What should you do when adjusting multimedia slides to intercultural audiences?
a. Progress through your slides rapidly.
b. Use a little more text than usual in your slides.
c. Put very little information in your slides.
Answer: 1. anticipate differing expectations
2. Use a little more text than usual in your slides.
Explanation:
1. Based on the fact that the presentation is for intercultural audiences, it is important for the speaker to anticipate differing expectations. The audience have different values, languages etc and their opinions and expectations may be quite different.
2. During the adjustment of multimedia slides to intercultural audiences, it's important to use a little more text than usual in your slides. This is vital so that the audience can comprehend the message that's being passed across. Progressing through the slides rapidly isn't ideal and there should be detailed information in the slides.
A natural experiment is a chance occurrence that mimics a randomized controlled trial. In order to analyze causal effects from natural experiments, economists make use of a statistical method known as instrumental variables, in which one variable from a natural experiment is used as an instrument for a particular independent variable of interest. Assume the independent variable of interest is x1 and the dependent variable in a regression is y. Which of the following represent necessary characteristics of a suitable instrument?
a. The instrument has at least 200 observations
b. The instrument is correlated with
c. The instrument has a conditional mean of zero
d. The instrument does not directly influence y, except through
Answer: b. The instrument is correlated with x1.
d. The instrument does not directly influence y, except through x1.
Explanation:
Based on the information given in the question, the necessary characteristics of a suitable instrument include:
• The instrument is correlated with x1.
• The instrument does not directly influence y, except through x1.
Some of the criteria for an instrument variable are the fact that it should have a causal effect on independent variable and also the dependent variable isn't directly affected except through the independent variable which is x1 in this scenario.
Therefore, the correct option are B and D.
Vextra Corporation is considering the purchase of new equipment costing $35,000. The projected annual cash inflow is $11,000, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Vextra requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows: Periods 12% 1 0.8929 2 1.6901 3 2.4018 4 3.0373 Compute the net present value of this investment.
Answer:
$-1589.16
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-35,000.
Cash flow in year 1 to 4 = $11,000
I = 12%
NPV = $-1589.16
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
what are the Computer Design problems and their solutions?