Answer:
A. $16,195
B. $7,621
C. $23,816
Explanation:
a. Computation for the inventory value of the units unsold in the hands of the consignee.
Inventory value of the units unsold
First step is to calculate the Total inventory value
Inventory cost $31,500
(70 * $450)
Add Freight $890
Total inventory value $32,390
($31,500+$890)
Now let calculate the Inventory value of the units unsold
Inventory value of units unsold =($32,390 / 2)
Inventory value of units unsold =$16,195
Therefore the inventory value of the units unsold in the hands of the consignee is $16,195
b. Computation for the profit for the consignor for the units sold
Sales $25,900
(35 * $740)
Less Cost of unit sold ($16,195)
($32,390 / 2)
Less Commission ($1,554)
($25,900 * 6%)
Less Advertising ($200)
Less Installation cost ($330)
Profit for the consignor $7,621
Therefore the profit for the consignor for the units sold will be $7,621
c. Computation for the amount of cash that will be remitted by the consignee.
Sales $25,900
Less Commission ($1,554)
($25,900 * 6%)
Less Advertising ($200)
Less Installation cost ($330)
Cash remitted $23,816
Therefore the amount of cash that will be remitted by the consignee is $23,816
Assume that Jones Co. will need to purchase 100,000 Singapore dollars (S$) in 180 days. Today's spot rate of the S$ is $.50, and the 180-day forward rate is $.53. A call option on S$ exists, with an exercise price of $.52, a premium of $.02, and a 180-day expiration date. A put option on S$ exists, with an exercise price of $.51, a premium of $.02, and a 180-day expiration date. Jones has developed the following probability distribution for the spot rate in 180 days: The probability that the forward hedge will result in a higher payment than the options hedge is ____ (include the amount paid for the premium when estimating the U.S. dollars required for the options hedge).
Answer:
10%
Explanation:
Based on the information given The PROBABILITY that the FORWARD HEDGE will tend to result in a higher payment than the OPTIONS HEDGE is 10% which indicate or means that Jones will pay the amount of $48,000 calculated as ( $.48 *$100,000) which is lower or lesser than the amount of $58,000 calculated as ( $.53 *$100,000) that was been paid with the forward hedge.
Fitz Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2015. (Amounts to be deducted should be indicated with a minus sign.)
Selected 2015 Income Statement Data Selected Year-Ned 2015 Balance Sheet Data
Net income $397,000 Accounts receivable decrease $142,900
Depreciation expense 49,200 Inventory decrease 48,500
Amortization expense 7,500 Prepaid expenses increase 4,800
Gain on sale of plant assetes 6600 Accounts payable decrease 9,400
Salaries payable increase 1,600
Answer and Explanation:
The preparation of the operating activities is presented below:
cash flow from operating activities
Net income $397,000
Add: Depreciation expense $49,200
Add: Amortization expense $7,500
Add: Accounts receivable decrease $142,900
Less: Gain on sale of plant asset -$6,600
Add: Inventory decrease $48,500
less: Prepaid expenses increase -$4,800
Less: Accounts payable decrease -$9,400
Add: Salaries payable increase $1,600
net cash flow from operating activities $625,900
You are thinking about the things that can go wrong on your trip home over the Thanksgiving break. You have booked a flight with US-Scareways. You know that in 38% of the cases the company has canceled the flight you were on. Should such a thing occur, there would be no other air travel option home for you. As a backup, your friend Walter has offered you a ride back. However, you know that Walter only has a seat in his car for you with 72% probability. What is the probability of you making it home for the holidays?
Answer:
The probability of you making it home for the holidays is:
= 45%.
Explanation:
a) Data and Calculations:
Probability of Scareways flights being canceled = 38%
Probability of successfully traveling with Scareways = 62% (100 - 38%)
Probability of getting a seat in Walter's car = 72%
Therefore, the probability of making it home for the holidays = the combined probabilities (either Scareways flight or Walter's car)
= 62% * 72%
= 0.62 * 0.72
= 0.4464
= 45%
Select the education and qualifications that are most helpful for Warehousing and Distribution Center Operations careers. Check all that apply.
high school degree
stamina
leadership
patience
concentration skills
associate degree
creativity
Answer:
High school degree
Stamina
Patience
Concentration skills
Explanation:
Just did it on edg.
The education and qualifications that are most helpful for Warehousing and Distribution Center Operations careers are:
High school degreeStaminaPatienceConcentration skillsWhat is Warehousing and Distribution Center Operation?Distribution centers offer value-added services such product mixing, order fulfilment, cross-docking, kitting, and packing in addition to the primary function of storing items in warehouses. Distribution centers, in contrast to warehouses, also only keep the necessary quantity of goods for a shorter amount of time.
Because they primarily support B2B enterprises as a conduit between suppliers and customers, distribution centers are more customer-centric. Distribution centers are in charge of effectively meeting customer demands and expectations; warehouses are in charge of safely keeping products.
Operations at distribution centers are therefore more complicated than those at warehouses. Distribution centers use state-of-the-art technology for order processing, inventory management, warehouse management, and transportation management.
Define concentration."The ability to direct your thinking in any direction you choose and to hold it for as long as you choose" is the definition of concentration.
Concentration is the capacity to narrow the field of awareness to one particular idea or subject while rejecting all other distractions.
One of the most crucial skills anybody should have is the capacity to concentrate. However, the majority of people find it difficult to focus. They frequently can't focus on one thing for a reasonable amount of time since their attention tends to wander.
This is a problem that can be solved. The capacity for concentration can be improved, just like any other talent. A person who practices mental discipline may concentrate without being interrupted by thoughts, sounds, or anything else.
While you might occasionally appear to be reading or concentrating on your work, if your attention is diverted you probably won't be able to retain the information for long enough to use it properly to produce something intelligible.
If you find the subject matter to be "boring," you're too sleepy or hungry, you have too much on your plate, you lack motivation for a long-term or short-term goal, or you're very concerned or worried and easily distracted, your ability to focus may be affected.
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The petty cash fund of Ricco's Automotive contained the following items at the end of September 2021:
Currency and coins $58
Receipts for the following expenditures:
Delivery charges $16
Printer paper 11
Paper clips and rubber bands 8 35
Lent money to an employee 25
Postage 32
Total $150
The petty cash fund was established at the beginning of September with a transfer of $150 from cash to the petty cash account.
Required:
Prepare the journal entry to replenish the fund at the end of September.
Answer:
Date Account titles and Explanation Debit Credit
Sep 30 Delivery expenses $16
Offices supplies $19
Postage expenses $32
Receivables from employees $25
Cash $92
(To record replenishment of petty cash fund)
Bonita Industries financed the purchase of a machine by making payments of $29000 at the end of each of five years. The appropriate rate of interest was 8%. The future value of one for five periods at 8% is 1.46933. The future value of an ordinary annuity for five periods at 8% is 5.86660. The present value of an ordinary annuity for five periods at 8% is 3.99271. What was the cost of the machine to Bonita?
Answer:
Cost of Machine today = $115788.59
Explanation:
To calculate the cost of machine to Bonita in today's term, we need to calculate the present value of annuity. We know that the payments made are in form of an ordinary annuity because the amount of payment is fixed (29000) , the payments are made after equal interval of time (at the end of each year) and are made in finite number (5 years).
We will multiply the annuity payment per period by the PV of ordinary annuity factor as provided in the question to calculate the value or price of machine today.
Cost of Machine today = 29000 * 3.99271
Cost of Machine today = $115788.59
Bramble Company reports the following operating results for the month of August: sales $325,000 (units 5,000); variable costs $212,000; and fixed costs $70,400. Management is considering the following independent courses of action to increase net income. Compute the net income to be earned under each alternative. 1. Increase selling price by 10% with no change in total variable costs or sales volume. Net income $ 2. Reduce variable costs to 60% of sales. Net income $ 3. Reduce fixed costs by $18,000. Net income $ Which course of action will produce the highe
Answer
See below
Explanation:
Given the above information,
1. Increase selling price by 10% with no change in total variable costs or variable cost
Net income = Sales - Variable cost - Fixed cost -
10% increase in selling price = $325,000 × 10% = $357,500
Net profit = $357,500 - $212,000 - $70,400
Net profit = $75,100
2. Reduce variable costs to 60% of sales
Variable costs = $325,000 × 60% = $195,000
Net profit = Sales - Variable costs - Fixed costs
Net profit = $325,000 - $195,000 - $70,400
Net profit = $59,600
3. Reduce fixed costs by $18,000
Net profit = Sales - Variable costs - Fixed costs
Net profit = $325,000 - $212,000 - $18,000
Net profit = $95,000
On October 1, 2021, the Allegheny Corporation purchased equipment for $148,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 260,000 units during its life.Required:Calculate depreciation for 2021 and 2022 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service.
Answer:
Missing word: "1. Straight line. 2. Double-declining balance. Depreciation rate(20%)"
1. Straight line depreciation
Annual Depreciation = Cost - Salvage / Estimated Useful Life (years)
Annual Depreciation = $143,000 / 10
Annual Depreciation = $14,300
Depreciation Expenses = Annual Depreciation * Fraction of Year
2021: Depreciation Expenses = 14300 * 3/12
Depreciation Expenses = $3575
2022: Depreciation Expenses = 14300 * 12/12
Depreciation Expenses = $14,300
2. Double-declining balance
Depreciation Expense = Beginning of period Book value * Depreciation rate(%) * Fraction of Year
2021: Depreciation Expense = $148000 * 20% 3/12
Depreciation Expense = $7400
Book Value = Beginning of period Book value - Accumulated Depreciation
Book Value = $148000 - $7400
Book Value = $140,600
2022: Depreciation Expense = $140,600 * 20% * 12/12
Depreciation Expense = $35,520
Book Value = Beginning of period Book value - Accumulated Depreciation
Book Value = $140,600 - $35,520
Book Value = $105,080
A synchronous decrease in energy prices and an increase in government spending will result in:
A) increases in output and a decrease in the price level in the long run.
B) Increase in short run aggregate supply and in aggregate demand
C) Increase in long run aggregate supply and a rightward shift in aggregate demand
D) A leftward shift in short run aggregated supply
E) Decrease aggregate demand and increase short run aggregate supply
Answer:
B) Increase in short run aggregate supply and in aggregate demand
Explanation:
In the case when there is a rise in the government spending so it would be increases aggregate demand. As AD curve shifts to the rightward, that rise the level of the price and increase in GDP.
On the other hand, if there is a decreasing in energy prices so it decreased the production cost, which rise aggregate supply. As AS curve shifts rightward, due to this it decrease the price level and increase the GDP.
So, The net impact is a definite increase in GDP, but the impact on price level is non-certain. As price level of the short run is non-certain, so we are not able to predict long run impacts.
A synchronous decrease in energy prices and an increase in government spending will result in "increases in output and a decrease in the price level in the long run". The correct option is A.
A synchronous decrease in energy prices reduces production costs for businesses which is leading to an increase in short-run aggregate supply.
At the same time, an increase in government spending stimulates economic activity and boosts aggregate demand. As a result, both short-run aggregate supply and aggregate demand increase.
In the short run, this combination of factors can lead to an expansion in output and potentially a decrease in the price level due to the downward pressure on production costs.
Therefore, the correct option is A.
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Lunar coast Incorporated issued BBB bonds two years ago that provided a yield to maturity of 12.5
percent. Long-term risk-free government bonds were yielding 8.5 percent at that time. The current
risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the riskfree long-term government bonds are currently yielding 7.8 percent, then at what rate should Lunar
coast expect to issue new bonds
Answer:
"9.80%" is the appropriate solution.
Explanation:
The given values are:
Yield to maturity,
= 12.5%
Risk free gov. bond,
= 8.5%
Long terms gov. bond,
= 7.8%
Now,
The current speed between bonds such as BBB as well as government will be:
= [tex]\frac{12.5-8.5}{2}[/tex]
= [tex]\frac{4}{2}[/tex]
= [tex]2.00 \ percent[/tex]
hence,
The expected rate will be:
= [tex]7.8+2.00[/tex]
= [tex]9.80 \ percent[/tex]
Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs
The question is incomplete. The complete Question is as follows,
Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget:
Units to be produced
October 4,500
November 4,750
December 5,200
Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs?
A) 4,500 ounces
B) 13,575 ounces
C) 13,425 ounces
D) 4,525 ounces
Answer:
Purchases = 13575 ounces
Option B is the correct answer
Explanation:
To calculate the purchases of material for October, we first need to calculate the inventory needed to produce the desired number of units in October along with the desired ending inventory and adjust it for the available opening inventory at start of October.
Material available at Start - October = 10% * 4500 units * 3 ounces per unit Material available at Start - October = 1350 ounces
Material required at end - October = 10% * 4750 units * 3 ounces per unit
Material required at end - October = 1425 ounces
Material required to produce required units in October = 4500 * 3 = 13500
Production = Opening Inventory + Purchases - Closing Inventory
13500 = 1350 + Purchases - 1425
13500 + 1425 - 1350 = Purchases
Purchases = 13575 ounces
Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 Net sales $ 335,000 Expenses: Cost of goods sold $ 200,000 Operating expenses 63,000 Depreciation expense 16,300 Income tax expense 23,500 Total expenses 302,800 Net income $ 32,200 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 6,300 Increase in inventory 13,300 Decrease in prepaid rent 9,300 Increase in salaries payable 5,300 Decrease in accounts payable 8,300 Increase in income tax payable 21,200 Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
Answer and Explanation:
The preparation of the cash flow from operating activities is presented below:
Cash flow from operating activities
Net income $32,200
Add: Decrease in accounts receivable $ 6,300
Less: Increase in inventory -$13,300
Add: Decrease in prepaid rent $9,300
Add: Increase in salaries payable $5,300
Less: Decrease in accounts payable -$8,300
Add Increase in income tax payable $21,200
Net cash flow provided by operating activities $52,800
Units-of-activity Depreciation A truck acquired at a cost of $160,000 has an estimated residual value of $10,350, has an estimated useful life of 41,000 miles, and was driven 3,300 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost $fill in the blank 1 (b) The depreciation rate $fill in the blank 2 per mile (c) The units-of-activity depreciation for the year $fill in the blank 3
Answer:
Cost of Truck = $160,000
Residual Value = $10,350
Useful Life = 41,000 miles
a. Depreciable Cost = Cost of Truck / Residual Value
Depreciable Cost = $160,000 - $10,350
Depreciable Cost = $149,650
b. Depreciation Rate = Depreciable Cost / Useful Life
Depreciation Rate = $149,650 / 41,000
Depreciation Rate = $3.65 per mile
c. Number of miles driven during the year = 3,300
Depreciation for the Year = Depreciation Rate * Number of miles driven during the year
Depreciation for the Year = $3.65 per mile * 3,300
Depreciation for the Year = $12,045
Elaine needs $1,500 to buy textbooks and other school supplies. Kramer agrees to loan Elaine $1,500, accepting as collateral Elaine’s car. They put their agreement in writing and sign it. Elaine keeps possession of the car. What are the requirements for Kramer to have an enforceable security interest in the car? What must Kramer do to let other creditors know of his security interest in the car?
Answer:
1. For Kramer to have an enforceable security interest in the car, the following requirements must be met:
a. Elaine must possess the property right over the car.
b. Kramer must give value for the security interest.
c. Elaine must have authenticated the security agreement by describing it, or Kramer must be in possession of the collateral.
2. Kramer needs to perfect his security interest in the car by registering it with the appropriate statutory body.
Explanation:
Under UCC Article 9, four steps must be taken by Kramer to perfect the security interest in the collateral car. They include:
a. Creating and filing a financing statement with the statutory body
b. Establishing actual possession of the car
c. Establishing control over the car by not allowing Elaine keep its possession.
d. Attaching a purchase financial security interest on the car.
Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, $20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.
Required:
Prepare the stockholders’ equity section of the balance sheet for Stahl Company.
Answer:
Stahl Company
Stockholders' Equity section of the balance sheet
As of December 31, 2019
Authorized shares:
Common Stock, 600,000 at $2 par value
6%, Preferred Stock, 80,000 at $20 par value
Issued shares:
Common stock, 75,000 at $2 par value $150,000
6% Preferred stock, 5,000 at $20 par value 100,000
Additional Paid-in Capital, Common stock 975,000
Additional Paid-in Capital, 6% Preferred stock 25,000
Retained earnings, December 31, 2019 500,000
Total equity $1,750,000
Explanation:
a) Data and Calculations:
Authorized shares:
Common Stock, 600,000 at $2 par value
6%, Preferred Stock, 80,000 at $20 par value
Issued shares:
Cash $1,125,000 Common stock $150,000 Additional Paid-in Capital, Common stock (75,000 * $13) $975,000
Cash $125,000 6% Preferred stock, $100,000 Additional Paid-in Capital, 6% Preferred stock $25,000 ($5 * 5,000)
Retained earnings, December 31, 2019 = $500,000
JDog Corporation owns stock in Oscar Inc. valued at $2,000,000 at the beginning of the year and $2,200,000 at year-end. Jdog received a $10,000 dividend from Oscar Inc. What temporary book-tax differences associated with its ownership in Oscar stock will Jdog report for the year in the following alternative scenarios (income difference only-ignore the dividends-received deduction)?
a. JDog owns 5 percent of the Oscar Inc. stock. Oscar's income for the year was $500,000.
b. JDog owns 40 percent of the Oscar Inc. stock. Oscar's income for the year was $500,000.
Answer:
a. The temporary book-tax differences associated with 5 percent ownership in Oscar stock which Jdog will report for the year is $0.
b. The temporary book-tax differences associated with 40 percent ownership in Oscar stock which Jdog will report for the year is $190,000.
Explanation:
a. JDog owns 5 percent of the Oscar Inc. stock. Oscar's income for the year was $500,000
The 5 percent ownership implies that JDog has to report $10,000 in book income, and also report $10,000 in gross income. Therefore, we have:
Temporary book difference = Amount to report in book income – Amount to report in gross income = $10,000 - $10,000 = $0
Therefore, the temporary book-tax differences associated with 5 percent ownership in Oscar stock which Jdog will report for the year is $0.
b. JDog owns 40 percent of the Oscar Inc. stock. Oscar's income for the year was $500,000.
The 40 percent ownership implies that:
Amount to report in book income = $40% * $500,000 = $200,000
Amount to report in gross income = $10,000
Temporary book difference = Amount to report in book income – Amount to report in gross income = $200,000 - $10,000 = $190,000
Therefore, the temporary book-tax differences associated with 40 percent ownership in Oscar stock which Jdog will report for the year is $190,000.
what is human resource managment
Explanation:
Human resource management, or HRM, is defined as the process of managing employees in a company and it can involve hiring, firing, training and motivating employees.
An example of human resource management is the way in which a company hires new employees and trains those new workers.
noun
27
3
Answer:Human aid management is the strategic approach to the powerful management of people in a agency or corporation such that they assist their business gain a competitive benefit. it's far designed to maximise employee overall performance in provider of an corporation's strategic targets.
Explanation:
Suppose we want to estimate the effects of alcohol consumption (alcohol) on college grade point average (cGPA). In addition to collecting information on grade point averages and alcohol usage, we also obtain attendance information (say, percentage of lectures attended, called attend). A standardized test score (say, SAT) and high school GPA (hsGPA) are also available
(i) Should we include attend along with alcohol as explanatory variables in a multiple regression model? (Think about how you would interpret beta-alcohol.)
(ii) Should SAT and hsGPA be included as explanatory variables? Explain.
Answer: See explanation
Explanation:
(i) Should we include attend along with alcohol as explanatory variables in a multiple regression model? (Think about how you would interpret beta-alcohol.)
No. We should not include attend along with alcohol as explanatory variables in a multiple regression model. This is due to the fact that a high degree of negative correlation exists between attend along with alcohol and including both of them will bring about multi collinearity.
(ii) Should SAT and hsGPA be included as explanatory variables? Explain.
Yes. SAT and hsGPA should be included as explanatory variables. This is important to overcome bias of the model.
(i) So according to me, my answer will be No. We should not include Attend along with alcohol as explanatory variables in multiple factors of the regression model. This is due to the fact that is a high degree of negative correlation exists between the attend also, along with alcohol, and including both of them will bring about multicollinearity.
(ii) When the variables of SAT AND hsGPA my answer will be Yes. SAT and HSDPA should be included as explanatory variables. This is most important to overcome the bias of the model.
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The partnership of Hendrick, Mitchum, and Redding has the following account balances: Cash $ 53,000 Liabilities $ 38,000 Noncash assets 138,000 Hendrick, capital 98,000 Mitchum, capital 73,000 Redding, capital (18,000 ) This partnership is being liquidated. Hendrick and Mitchum are each entitled to 40 percent of all profits and losses with the remaining 20 percent going to Redding. What is the maximum amount that Redding might have to contribute to this partnership because of the deficit capital balance
Answer:
$45,600
Explanation:
Particulars Amount
Redding capital $18,000
Potential loss of non-cash Assets (138,000*20%) $27,600
Maximum amount contributed by Redding, Capital $45,600
So, the maximum amount that Redding might have to contribute to this partnership because of the deficit capital balance is $45,600.
Annabelle is employed as an administrator for GRM Industries. She noticed that her Box 1 and Box 3 amounts on her W-2 were different.
b Employer identification number (EIN)
c Employer'd name, address, and ZIP code
1 Wages, tips, other compensation
2 Federal income tax withheld
3 Social security wages
4 Social security tax withheld
What is a reason why the amounts in boxes 1 and 3 would be different?
a) Annabelle received tips, which are not subject to Social Security taxes.
b) Annabelle has contributed to a pre-tax 401(k) that reduced her taxable wages.
c) Annabelle changed her withholding allowances on her W-4.
d) Annabelle's wages were subject to a pre-tax garnishment.
Answer:
B.
Explanation:
:::::::::::::::::::
Freedom Inc. has 40 employees within Denver City and County. All of the employees worked a predominant number of hours within the city. The employees earned $8.30 per hour and worked 160 hours each during the month. The employer must remit $4.00 per month per employee who earns more than $500 per month. Additionally, employees who earn more than $500 per month must have $5.75 withheld from their pay.
What is the employee and company Occupational Privilege Tax for these employees? (Round your answers to 2 decimal places.)
Answer:
the employee and company Occupational Privilege Tax for these employees is $92.00 and $64.00 respectively
Explanation:
The computation of the employee and company Occupational Privilege Tax for these employees is shown below:
The Total amount with held from employees is
= 16 × $5.75
= $92.00
And, the total amount to be paid by the employer is
=16 × $4.00
= $64.00
hence, the employee and company Occupational Privilege Tax for these employees is $92.00 and $64.00 respectively
The same is relevant
Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 27,000 units. Company policy is to end each month with merchandise inventory equal to 15% of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. The company budgets sales of 180,000 units in October.
Sales (Units) Purchases (Units)
July 210,000 222,000
August 290,000 290,000
September 290,000 273,500
Required:
a. Prepare the merchandise purchases budget for the months of July, August, and September.
b. Compute the ratio of ending inventory to the next month’s sales.
c. How many units are budgeted for sale in October?
Answer:
Walker Company
a. Merchandise Purchases Budget for the months of July, August, and September:
July August September
Sales units 210,000 290,000 290,000
Ending inventory 43,500 43,500 27,000
Goods available 253,500 333,500 317,000
Beginning inventory 31,500 43,500 43,500
Purchases 222,000 290,000 273,500
b. The ratio of ending inventory to the next month's sales = 15% (Ending Inventory/Sales next month * 100)
c. The units budgeted for sale in October = 180,000 units.
Explanation:
a) Data and Calculations:
September ending inventory = 27,000 units
Ending inventory always equal to 15% of budgeted sales for the following month.
Sales (Units) Purchases (Units)
July 210,000 222,000
August 290,000 290,000
September 290,000 273,500
October 180,000
July August September October
Sales units 210,000 290,000 290,000 180,000
Ending inventory 43,500 43,500 27,000
Goods available 253,500 333,500 317,000
Beginning inventory 31,500 43,500 43,500 27,000
Purchases 222,000 290,000 273,500
Consider the following statements about the step-down method of service department cost allocation: I. Under the step-down method, all service department costs are eventually allocated to production departments. II. The order in which service department costs are allocated is important. III. After a service department's costs have been allocated to other departments, no costs are re-circulated back to that service department. Which of the above statements is (are) correct?
a. I, II, and III.
b. I only.
c. I and II.
d. II only.
e. I and III.
Answer:
The correct statements under the step-down method are:
a. I, II, and III.
Explanation:
The step-down method of allocating the costs of service departments is one of the three methods in use. The others include the direct method and the reciprocal method. With the direct method, service departments' costs are directly allocated to the production departments without any allocation to a service department. The reciprocal method is much more involved, using formulas and calculations. The step-down method allocates the service departments' costs to all the other service and production departments, except itself. This step is eventually followed until all the service departments' costs have been allocated to the production departments.
challenges faced when dealing with labour issues
Answer:
A huge number of work forces of our country remain partially or wholly unemployed throughout the year or some part of the season. This has led to the problems like disguised unemployment, seasonal unemployment, general unemployment and educated unemployment.
Time Warner Inc. is a leading media and entertainment company with businesses in television networks, filmed entertainment, and publishing. The company's recent annual report contained the following information (dollars in millions):
Net loss $(13,402 )
Depreciation, amortization, and impairments 34,790
Decrease in receivables 1,245
Increase in inventories 5,766
Decrease in accounts payable 445
Additions to equipment 4,377
Required:
a. Based on this information, compute cash flow from operating activities using the indirect method.
b. What were the major reasons that Time Warner was able to report a net loss but positive cash flow from operations? Why are the reasons for the difference between cash flow from operations and net income important to financial analysts?
Answer and Explanation:
a. The cash flow from operating activities using the indirect method is
Net loss $(13,402 )
Add: Depreciation, amortization, and impairments $34,790
Add: Decrease in receivables $1,245
Less: Increase in inventories -$5,766
Less: Decrease in accounts payable -$445
Net cash flow from operating activities $16,442
b. The reasons for net loss but positive cash flow from operations are
Change in current assets, liabilities, depreciation
ANd, the reasons for having a difference is that the operating activities records the cash payment & cash receipt related to operating activities and the rest of things would be ignored
Candy or cookies? i want to know
Answer:
Candy
Explanation:
FOLLOW MY ACCOUNT PLS PLS
One of the defining characteristics of a matrix organizational structure is that it overlays two organizational structures in order to leverage the benefits of both. is the only structure that organizes employees around specific knowledge or other resources. uses self-directed work teams rather than individuals as the basic building block of organizations. is an alliance of several organizations for the purpose of creating a product or serving a client.
Answer:
overlays two organizational structures in order to leverage the benefits of both.
Explanation:
An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.
Basically, the organizational structure comprises of three (3) main dimensions and these are;
I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).
II. The horizontal dimension: this divides the organization into subunits.
III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.
A functional (departmental) organizational structure is a type of structure used to organize staffs by dividing them into various departments based on their skill set, roles or functions and knowledge.
These departments which are vertically structured may include, finance, IT, sales and marketing, research and development, customer service etc. Also, the various departments are headed by a functional manager who are saddled with the responsibility of overseeing, managing and reporting to the executive management.
A matrix organizational structure is a type work structure where reporting relationships between employees are set up as a matrix rather than the conventional hierarchy approach. This simply means, there are two (2) chains of command; employees have dual reporting relationships to both a project and functional manager.
The matrix organizational structure can be classified into three (3) categories, these are;
1. Weak matrix structure.
2. Balanced matrix structure.
3. Strong matrix structure.
One of the defining characteristics of a matrix organizational structure is that it overlays two organizational structures in order to leverage the benefits of both.
An even numbered card is chosen randomly from a set of cards labeled with the numbers 1 through 8. A second even numbered card is chosen after the first card is replaced. Are these dependent or independent events?
a.
dependent
b.
independent
Answer:
independent. This is a fun question. I never thought about how I would explain it before.
Explanation:
Can you think of anything that might influence the second even card being drawn?
Let's make the question a whole lot easier. Suppose you have a coin and it's a fair one just coming from the mint. Suppose you toss it and you get either heads or tails. Can you think of a reason why you should get the same thing again or put another way, can you guess what you are going to get next?If you can't then the tosses are independent of each other. You haven't replaced anything, like once you get a tails, you weight the coin so you can never get tails again. That would be a dependent event.If you can guess consistently, you better submit a written paper to a math journal.Now go back your your question. You replaced the card. The odds are the same as for the first toss. Is there anything that has changed your mind about being able to guess.
You can't guess, so the events are independent.
An airline knows that there are two types of travelers: business travelers and vacationers. For a particular flight, there are 100 business travelers who will pay $600 for a ticket while there are 50 vacationers who will pay $300 for a ticket. There are 150 seats available on the plane. Suppose the cost to the airline of providing the flight is $20,000, which includes the cost of the pilots, flight attendants, fuel, etc.
Required:
a. How much profit will the airline earn if it sets the price of each ticket at $600?
b. How much additional profit can the airline earn by charging each customer their willingness to pay relative to charging a flat price of $600 per ticket?
Answer: it would be 100 business travlers who will pay 600$ for a ticket
Explanation: well if you do the math 600×100=60,00 and that would pay for the airline expenses and extra the other option wouldnt be enough because it would only add up to 15,000 300×50=15,00 so it would be enough
Write a paragraph about Bad customer service
Answer:
Bad customer service can be defined as when a business fails to meet the customer expectations in terms of service quality, response time, or overall customer experience. ... According to NewVoiceMedia, an estimated $62 billion is lost by U.S. businesses each year following negative customer experiences.Poor customer service can cause employees of a business to feel insecure and unhappy at work. Nobody likes being subject to anger from unpleased customers and without sufficient strategies in place to deal with these complaints, employees are far more likely to feel dissatisfied with their job