The amount recorded as the cost of this equipment purchased by Harvard company is $12,546.
When it comes to recording equipment, once you begin using the asset, loop the income statement in. Until the asset has completely depreciated, note the asset's annual depreciation on your business income statement.
The cost of furniture, autos and other items is comprised of the purchase price, sales taxes, shipping costs, insurance for the item's protection during shipping, assembly, installation, and any other expenses necessary to prepare the item for usage.
Price of an Asset:
The invoice price is merely one component of an asset's cost. The incidental costs related to putting the item into use are also included. costs involved in putting the item into use, including sales tax, cash discounts, installation, freight, testing, and other expenses.
The amount has to be paid within the discount period, hence a 2% discount is applicable to it.
The amount of equipment = $11,500 × (100% -2%)
= $11,270
cost of this equipment = amount of equipment + delivery charges + installation charges + sales tax
=11,270 + 160 + 185 + 931
The cost of equipment will come to be $12,546
Therefore the amount recorded as the cost of this equipment is $12,546
To know more about the amount of depreciation expense: https://brainly.com/question/25806993
#SPJ4
The correct question is:
Harvard Company purchased equipment having an invoice price of $11,500. The terms of sales were 2/10, n/30, and Harvard paid within the discount period. In addition, Harvard paid a $160 delivery charge, $185 installation charge, and $931 sales tax.
The amount recorded as the cost of this equipment is: _____
which of the following is a debt security whose payments originate from other loans, such as credit card debt, auto loans, and home equity loans? multiple choice asset-backed securities credit quality securities debentures junk bonds
Collateral serves as backing for secured debt. The lender may take back the collateral in the event that the borrower defaults on a secured loan.
Mortgages, auto loans, and secured credit cards are all examples of secured debt. Collateral is not required for unsecured debt.
What is the purpose of debt security?
A type of debt that can be purchased and sold like a security is called a debt security. Typically, they include specific terms like the amount borrowed, interest rate, renewal date, and debt maturity. What you need to know about debt securities and whether you should include them in your portfolio is as follows.
Is a security for a debt a loan?
An entity issues and sells a financial instrument known as a debt security to investors. The underlying asset of the security is a loan, which represents an obligation for the investor to repay the instrument's face value in addition to interest income when it matures.
Learn more about debt security here:
https://brainly.com/question/14000239
#SPJ4
If advances in robotics, automation, and artificial intelligence lead to the elimination of jobs, and the unemployment faced by people who held those jobs would be considered group of answer choices a) structurally unemployed. b) frictionally unemployed. c) out of labor force d) cyclically unemployed.
If advances in robotics, automation, and artificial intelligence lead to the elimination of jobs, and the unemployment faced by people who held those jobs would be considered A) structurally unemployed.
The record also posits that AI will displace or put off 75 million jobs through 2022 and that the net increase will encompass 133 million emblem-new roles. Any other document from the arena monetary forum in 2021 envisioned that via 2025, ninety-seven million new jobs could be created courtesy of AI.
Structural unemployment is a direct end result of shifts in the economic system, including changes in technology or declines in an industry.
An instance of this is an enterprise's alternative of equipment workers with robots. Employees now need to learn how to manage the robots that replaced them. The ones that do not study want retraining for different jobs or face lengthy-time periods of structural unemployment.
Learn more about structural unemployment here https://brainly.com/question/13489895
#SPJ4
suppose two factors are identified for the u.s. economy: the growth rate of industrial production, ip, and the inflation rate, ir. ip is expected to be 5% and ir 7%. a stock with a beta of 1 on ip and 0.6 on ir currently is expected to provide a rate of return of 14%. if industrial production actually grows by 6%, while the inflation rate turns out to be 9%, what will be your expected rate of return on the stock, given the new information about the industrial production rate and the inflation rate? (enter your answer as a percentage rounded to 1 decimal places.)
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
Explain about the inflation rate?Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.
While some prices rise, others fall. Inflation is defined as the general increase in prices of goods and services as opposed to increases that are particular to a small number of goods. This implies that you can purchase fewer things today than you could yesterday for the same amount of money. Therefore, inflation eventually reduces the currency's worth.
To learn more about inflation rate refer to:
https://brainly.com/question/1100560
#SPJ4
mona let her permanent policy lapse. she discovered there was $2,498 in cash value remaining in the policy and decided to pay off some of her credit card debt. she exercised which nonforfeiture option?
Mona let her permanent insurance coverage lapse. She realised that the policy still had $2,498 in cash value and chose to use it to pay off some of her credit card debt. She chose the cash surrender.
What is an insurance?
Insurance is a form of financial protection in which, in exchange for a fee, one party undertakes to compensate another party in the case of a certain loss, damage, or injury. It is a sort of risk management which is intended to reduce the risk of a contingent or uncertain loss. A company that provides insurance is known as an insurer, insurance business, insurance carrier, or underwriter. A policyholder is someone or something that buys insurance, whereas an insured is someone or something that is covered by the policy.
To learn more about insurance
https://brainly.com/question/25855858
#SPJ44
Select the correct answer. what allows consumers to receive goods and services in a non-price rationing system? a. consumer’s ability to pay b. first-come, first-served c. free of cost d. lottery
d. lottery allows consumers to receive goods and services in a non-price rationing system.
A customer is a person or a collection who intends to reserve, or uses bought goods, products, or offerings in the main for private, social, own family, household and comparable needs, who isn't without delay related to entrepreneurial or enterprise activities.
A patron is the one who purchases the product for his/her own want and uses or consumes it. A client cannot resell the best, services or products but can consume it to earn his/her livelihood and self-employment. Definition of patron. The consumer is the one who is the stop-consumer of any items or offerings.
Learn more about consumers here:https://brainly.com/question/380037
#SPJ4
which is not true regarding differences between goods and services? a. services tend to be more knowledge-based than goods b. services are generally produced and consumed simultaneously; tangible goods are not c. goods tend to have higher customer interaction than services d. research and development, finance/accounting, and purchasing
Goods tend to have higher customer interaction than services, is not true regarding differences between goods and services.
In economics, goods are those that fulfill human needs and offer usefulness, such as to a customer buying a pleasant product. It is usual practice to distinguish between transferable products and non-transferable services.
A good is referred to as a "economic good" if its demand outweighs its supply and it requires human effort to achieve. Free things, however, like air, are always available and don't require any intentional effort to obtain. Private goods are items that people possess and use on a daily basis that are unrelated to food, such as televisions, couches, wallets, cell phones, and nearly anything else.
Learn more about customer interaction here
https://brainly.com/question/4068936
#SPJ4
if a manager uses positive reinforcers, such as money and gift certificates, to shape the behavior of his or her employees, what can the manager then expect? check all that apply.
If a manager uses positive reinforcers, such as money and gift certificates, to shape the behavior of his or her employees, the manager can then expect to see a temporary increase in the rewarded behaviors and to satisfy the employees' lower-level needs.
By motivating employees with presents, compliments, and both monetary and non-monetary incentives, employees reward systems assist businesses in recognizing the dedication and accomplishments of their workforce. Employers and managers may reward their team members in ways that best inspire them by using a system for employee appreciation.
Human resource management (HRM) is thought to include the specialty of employee relationship management (ERM). ERM is the process of implementing commanding practices and procedures to manage employee interactions. Establishing and maintaining positive connections amongst employees inside a firm is one of the key objectives of employee relationship management. Effective corporate communication is key to ERM. Employee confidence, trust, and loyalty rise as a result. A business may assess if its goals are being achieved by skillfully managing relationships.
Learn more about Human Resource Management here:
https://brainly.com/question/14419086
#SPJ1
what should be provided in the closing of an instruction message? check all that apply. a description of how the instructions benefit the individual or organization a recap of the instructions in the body a reminder that failure to comply will be detrimental to the individual or organization
The closing of an instruction message should be provided is a description of how the instructions benefit the individual or organization.
Why is parallel language important in instruction messages?The benefits that an individual or organization will receive by following the guidelines should be included in the message's conclusion.
Repetition employing parallel structure can increase understanding and the likelihood that new words and patterns will be ingested when educating or providing knowledge that provides greater context through non-verbal communication.
Simply said, creating parallel lists just implies that all of the items have the same format. Every item on the list might be considered parallel. begin with the same speech unit (e.g., noun, verb) employ the identical verb tense (e.g., present, past, future) use the identical voice (e.g., active or passive)
Additionally, it is advisable to close with "Thank You Again" at the ending. When drafting a goodwill message, the writer should keep the additional points listed below in mind. Be really sincere in all situations, whether you're expressing thanks, acknowledgment, or just condolences.
To learn more about instruction messages visit:
https://brainly.com/question/28135925
#SPJ14
at your future job, you get an unexpected raise from $50,000 a year to $75,000 a year. with the increased income, you decide to increase your consumption from $30,000 a year to $40,000 a year. calculate your marginal propensity to consume
The Marginal propensity to consume is 0.4. MPC is the percentage of extra income that an individual consumes.
What is Marginal propensity?The marginal propensity to consume is a metric that quantifies induced consumption, which is the idea that an increase in disposable income leads to an increase in personal consumer spending. The propensity to consume is the percentage of disposable income that individuals spend on consumption. The marginal propensity to consume (MPC) is defined as the proportion of a pay increase that a consumer spends on goods and services rather than saving. The marginal propensity to consume (MPC) is the proportion of a raise that is spent on goods and services rather than saved. A multiplier is an economic input that increases the impact of another variable.Therefore,
We are calculating the marginal propensity to consume here (MPC).
Income Change = New Income - Old Income
Income Change = $75,000 - $50,000
Income Change = $25,000
Consumption Change = New Consumption - Old Consumption
Consumption change = $40,000 - $30,000
Consumption change = $10,000 in
Change in Consumption / Change in Income = Marginal Propensity to Consume
Marginal propensity to consume = $10,000 / $25,000
Marginal propensity to consume = 2/5
Marginal propensity to consume = 0.4
Therefore, the Marginal propensity to consume is 0.4.
To learn more about Marginal propensity, refer to:
https://brainly.com/question/17930875
#SPJ4
What factors contributed to mongol success in building the largest land-based empire in human history?.
Factors that contributed to mongol succes were their skills and brutality they had from being nomadic pastoralists. Mongol have some skill, their skill with horseback riding that no other settled agrarian society would have had cause to develop.
The largest contiguous land empire in history of 13th and 14th was Mongol Empire. Mongol were very brutal, Mongol would kill anyone if they are not submit to Mongol. So that, the other people who heard it will submit to the Mongol's rules because they are afraid of being killed by Mongol. That conditions make Mongol success in building the largest based empire in human history.
Learn more about mongol empire here https://brainly.com/question/20067949
#SPJ4
when the last heir of a property owner dies, absent a provision in a will devising the property, title will revert to: select one: a. heirs of the deceased. b. landlord. c. utility company. d. the state.
When the last heir of a property owner dies, absent a provision in a will devising the property, title will revert to the state.
Option D is correct.
What is Heir of property?An heir at law is a person who's fairly entitled to collect an heritage when a departed person didn't formalize a last will and testament. Generally speaking, heirs at law who inherit the property are children, descendants, or other close cousins of the stiff.
Who gets the property after death?These include close cousins similar as a partner, parents, children, and their successors. Parents, daughters, and sons will all get equal shares. also, the partner will also get one share. still, if there's further than one surviving partner, also they all will get the one portion they are entitled to.
Learn more about Heir of property:
brainly.com/question/28239562
#SPJ4
When the goal, scope and product domain are not understood by the scrum team, the scrum master should?.
As a mentor and guide, the Scrum Master is assumed to help scrum team to clear doubts and smoothen the effectiveness of the project, when the goal and product domain are not understood by scrum team.
What is the Scrum Master accountable for?
The Scrum Master is accountable for the Scrum Team's effectiveness and progress . They do this by allowing the Scrum Team to improve its practices, within the Scrum framework. Scrum Masters are genuine leaders who serve the Scrum Team and the larger organizations.
What is not responsibility of Scrum Master?The Scrum Master isn't responsible for solving all the teams problems. He needs to promote, support, and directs the Scrum is understood and lived in the organization. Whenever there is any problem that the team are able to solve, the Scrum Master needs to aid the team solving that themselves.
Learn more about Scrum master:
brainly.com/question/4763588
#SPJ4
Answer: facilitate a discussion between the Stakeholders, Product Owner and Developers.
Explanation: not the job to decide for them
if you had $10 million, and didn't have to pay any of it back, but you were only allowed to keep any profits (i.e. if you end up with $10.4 million, you get to take home $400k, but if you end up with $5 mil, you take home nothing), what would you do if you had:
One should keep $10 million and use investment methods to earn profits. One can invest in bonds, mutual funds, buy real estate etc.
Here are few ways-
Begin with cash generated income.
Pay off your debts.
Increase the size of your emergency fund.
Give it to someone else.
Invest more in property investment and bonds.
Think about an annuity.
Investigate actively managed portfolios.
Keep track of your retirement.
Purchase stocks.
Invest in cryptocurrency.
Invest in non-traditional investments.
Learn more on investments-
https://brainly.com/question/28481147
#SPJ4
velma and bud divorced. velma's attorney fee of $5,000 is allocated as follows: general representation in obtaining the divorce $1,500 services in obtaining custody of the child 900 services in settlement of martial property 600 determining the tax consequences of: dependency deduction for child 700 tax consequences of property settlement 1,300 of the $5,000 velma pays to her attorney in 2022, the amount she may deduct as an itemized deduction is:
The amount she may deduct as an itemized deduction is: $0
Calculation: -
General representation in obtaining the divorce $1,500 (Not eligible for itemized deduction) $0
Services in obtaining custody of the child 900 (Not eligible for itemized deduction) $0
Services in settlement of martial property 600 (Not eligible for itemized deduction) $0
Dependency deduction for child 700: $0
Tax Consequences of property settlement 1,300 (Legal fees that relate to tax advice are no longer deductible). $0
Amount she may deduct as an itemized deduction is: $0
Itemized deduct are particular kinds of costs the taxpayer incurred which can lessen taxable profits. Types of itemized deductions encompass loan interest, country or neighborhood profits taxes, assets taxes, clinical or dental costs in extra of AGI limits, or charitable donations.
Itemized deductions encompass quantities you paid for country and neighborhood profits or income taxes, actual property taxes, non-public assets taxes, loan interest, and catastrophe losses. You can also encompass items to charity and a part of the quantity you paid for clinical and dental costs.
Learn more about itemized deduction here:
https://brainly.com/question/25791968
#SPJ4
Deposits are insured by the federal deposit insurance corporation up to _____________ per depositor.
$250,000 per depositor .
For each account ownership category, the standard insurance amount is $250,000 per depositor, per insured bank.
What is standard insurance amount?While different states require different types of insurance and additional options (such as gap insurance) are available, most basic auto policies include the following: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive, and uninsured/underinsured motorist.The three most important types of insurance are then examined in greater depth: property, liability, and life.Term insurance is the purest and most affordable type of insurance policy that allows you to choose a high life cover for a specific period of time.According to Bankrate's 2022 analysis of average quoted premiums from Quadrant Information Services, the average cost of car insurance is $1,771 per year for full coverage, or about $148 per month. Minimum coverage costs $545 per year on average.
To learn more about standard insurance amount refer to :
https://brainly.com/question/27015627
#SPJ4
which type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents?
A Peer-to-peer type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents.
In the field of computers and technology, a peer-to-peer network can be described as a kind of network made among two or more computers by which they can share files and use hardware devices without having to use a separate server.
A business that has three employees that need to use the same files and documents should use a peer-to-peer network as it is the most reliable one to share files and use the same hardware.
To learn more about peer-to-peer, click here:
https://brainly.com/question/10571780
#SPJ4
What is a technique where a business offers a free basic product giving the customer an option to use an advanced version for a premium cost?.
Freemium is a term used to describe a business model whereby corporations offer their service or physical product platform for free, with the opportunity to upgrade to a greater level of capability at a steep cost.
This strategy succeeds because buyers are drawn to the free product, familiarize themselves with it, and then become resistant to switch to a competing product.
Businesses that employ the freemium pricing model provide a basic product without charge and an improved version with more features, services, or content in exchange for a price. Due to a dearth of features, the enhanced version can also be regarded as premium.
Best for items having broad consumer appeal and a logical transition from "free" to "premium." Freemium conversion rates typically range from 2 to 5%, thus a business needs a sizable user base and a strong conversion plan.
Learn more about business economics at
https://brainly.com/question/3855972?referrer=searchResults
#SPJ4
the total cost of 4800 pounds of the metal now held in inbentory is 310000 the total selling price is 862000 and the estimated costs of disposal are 13800 at what amount should the inventory of 4800 pounds be reported in the balance sheet
The balance sheet amounts are $862000, $310000, $13800, and $23400.
What is total selling price?The selling price is the amount paid by a buyer for a product or service. It varies according to how much the buyer is willing to pay, how much the seller is willing to accept, and how competitive the price is in comparison to other businesses in the market.
The formula for calculating the selling price per unit To calculate the price per unit from an income statement, divide sales by the number of units or quantity sold. For example, assuming annual sales of $80,000 and 2,000 units sold, the price per unit is $40. (80,000 divided by 2,000).
To learn more about total selling price, refer to:
https://brainly.com/question/27178334
#SPJ4
suppose the quantity of apples supplied in your market is 2,400. if there are 60 apple producers, each with identical cost structures, how many apples does each producer supply to the market?
Each producer supply 40 apples to the market.
This is because if producers have identical cost structures, they will have profit-maximization at the same output level. 2400/60 = 40 apples to produce for each firm.
What is Profit maximization?
Profit maximization in economics refers to the short- or long-term process by which a firm chooses the prices, input levels, and output levels that will result in the largest feasible total profit (or just profit in short).
Neoclassical economics, the current dominant approach to microeconomics, makes the assumption that the firm is a "rational agent" that seeks to maximize its total profit, which is the difference between its total revenue and its total cost (whether it is operating in a perfectly competitive market or not).
To learn more about Profit maximization from the given link
https://brainly.com/question/1078746
#SPJ4
which of the following creates standards for insurance companies and facilitates cooperation among state insurance agencies? the national association of insurance commissioners (naic) the insurance regulatory information system (iris) the national association of professional insurance agents (napia) the national association of insurance and financial advisors (naifa)
The NAIC supports insurance regulators and creates standards and best practices for the American insurance business. Additionally, it gives customers resources and information.
What is mean by NAIC?The 50 states, the District of Columbia, and five U.S. territories' top insurance regulators founded and run the nation's standard-setting and regulatory support group known as the National Association of Insurance Commissioners.Each individual underwriting company is given an NAIC number by the National Association of Insurance Commissioners (NAIC). The NAIC numbers connected to our member firms are listed below. On ID cards for current policyholders, the NAIC number is also listed as "Company Number."The NAIC supports insurance regulators and creates standards and best practices for the American insurance business. Additionally, it gives customers resources and information.To learn more about NAIC refer to:
https://brainly.com/question/28243688
#SPJ4
you have just won the lottery and will receive $510,000 in one year. you will receive payments for 24 years, and the payments will increase 3 percent per year. if the appropriate discount rate is 11 percent, what is the present value of your winnings?
You just took home $510,000 over the course of a year after winning the lotto. For 26 years, payments will be made to you. Your winnings' present value is 57,59,833 if the appropriate discount rate is 11%.
A discount in finance and investing refers to a scenario when a security is trading for less than its underlying or basic worth. A discount happens when a bond's price trades below its face value or par value, and its amount is determined by the discrepancy between the price paid for the asset and its par value. Bonds may sell at a discount for a variety of reasons, such as increasing interest rates, or because the underlying corporation has credit problems or is more risky overall than comparable bonds.
Several factors, such as escalating interest rates or the issuer's financial hardship, might cause bonds to trade at a discount. Discounted bonds may therefore represent a perception that the underlying company may not be able to pay its debt commitments.
Learn more about winnings here
https://brainly.com/question/19090638
#SPJ4
________ is a form of distribution aimed at having a product available in every outlet where target customers might want to buy it.
Intensive distribution aims to have a product available in every store where potential buyers might wish to purchase it.
Potential Buyer refers to a non-Buyer who receives a HIP from the Seller or his agent and relies on a Search Report in it in order to consider purchasing the Land.
Any person (other than Parent or its designees) who has obtained confidential information about the Company or any of its Subsidiaries in connection with an actual or Potential Buyer, proposal, or offer to I enter into a merger, share exchange, business combination, reorganization, consolidation, or similar transaction involving the Company or any of its Subsidiaries, (ii) acquire the beneficial ownership of any equity interest in the Company, or (iii) make any other similar transaction is referred to.
Learn more about Intensive distribution here
https://brainly.com/question/24250512
#SPJ4
which of the following statements is true? o debits increase assets and increase liabilities. o credits decrease assets and decrease liabilities. o debits increase liabilities and decrease o credits decrease assets and increase liabilities.
"Credits decrease assets and increase liabilities" is a true statement.
Accounts for assets typically contain debit balances. As a result, asset accounts are raised by debits and lowered by credits.
Accounts with liabilities have typical credit balances. As a result, debits raise liability accounts while credits lower them.
An entry's credit is always placed to the right of the entry. It increases debt, revenue, or equity accounts while decreasing asset or expenditure accounts. A credit increases the balance of a liability, equity, gain, or income account while decreasing the balance of an asset, loss, or cost account. Credits are entered on the right side of a diary entry.
To know more about credits: https://brainly.com/question/15133845
#SPJ4
lois is particularly good about keeping the parent organization aware of what is happening in the work group of which she is a part. lois is known as a
Lois is especially good at informing the parent organization about what is going on in the work group of which she is a member. Lois is a type of orbital pseudotumor.
What is parent organization?The part of a charitable organization or sponsor that coordinates, supervises, or exercises control over policy, fund-raising, and expenditures, or assists or advises one or more chapters, branches, or affiliates of a charitable organization or sponsor, is referred to as the parent organization. A holding company is a parent business entity typically a corporation or an LLC that does not manufacture, sell, or conduct any other business operations. As the name implies, its purpose is to own controlling stock or membership interests in other companies. A parent company is one that owns more than 50% of another company's outstanding voting shares.To learn more about parent organization, refer to:
https://brainly.com/question/19334871
#SPJ1
g stock e is expected to pay a dividend of $1.78 one year from today. at that time, the price of stock e is expected to be $92. today, stock e's expected return is 8%, and it is overpriced by $6.33. calculate stock e's required return
The necessary return for stock e is 59%.
The stock's required return defines as,
E(R)=RFR+β stock×(R market −RFR)
=0.08+1.78 ×(.92−.063)
=59%
Define The Required Rate of Return (RRR)?The minimal profit (return) an investor will seek or expect in exchange for taking on the risk of investing in a stock or other type of security is known as the required rate of return (RRR).
RRR can also be used to determine a project's potential profitability of its funding costs. RRR denotes the degree of risk associated with committing to a particular project or investment. The level of risk increases as the return increases.
To learn more about The Required Rate of Return, use the link below.
https://brainly.com/question/15049289
#SPJ4
assume that you own 800 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $22.50. required: how many shares of common stock will you own after the stock split? what will probably happen to the market price per share of the stock?
I would have 4000 shares after the stock split and market price per share of stock is $4.5.
A stock split may be defined as a method by which a company or an organization increases the number of its shares which are outstanding. A stock split leads to a fall in the price per share of the company. There is no effect on the market capitalization of a firm in a stock split. The meaning of a five for one split is that for every one stock a shareholder owns, it is multiplied by 5.
Number of stocks a shareholder has after a 5-for-1 stock split = 5 x number of stocks the shareholder had before the split that is
5 x 800 = 4000 shares
Now, the market price per share of the stock will be
$22.50/5 = $4.5
Learn more about stock splits at:
brainly.com/question/15685682
#SPJ4
cookies and cream has 41,000 shares outstanding at a market price of $90.38. what will the share price be if the company declares a stock dividend of 20 percent?
$75.32 The stock price is equal to the market price minus the stock dividend, or $90.38 minus 0.20, and the stock price is equal to $75.32.
What are Outstanding Shares?All of a company's stock, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders, is referred to as its "shares outstanding."On an organization's monetary record, exceptional offers are recorded under the heading "Capital Stock."
The company's market capitalization, earnings per share (EPS), and cash flow per share (CFPS) are all calculated using the number of outstanding shares. The number of outstanding shares in a company is not constant and may fluctuate greatly over time.
Learn more about Outstanding Shares here:
https://brainly.com/question/28539863
#SPJ4
13. if we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated cost of goods sold and gross margin for july?
The estimated cost if we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $ 7 per direct labor-hour is given as $ 198,000 the gross margin is given as $ 462,000
What is the fixed manufacturing overhead?This is the term that is used to refer to the overhead that is incurred based on the fact that the component of the factory overhead is found to be different from the volume that is made from production.
Some of the examples that may lead to this are depreciation, the managers salary, insurance that is made on the facility that is used for production.
How to solve the problemGiven that the fixed cost of manufacturing has been said to be zero. WE would have to solve for the cost of the good as
11000 x $18
= $198000
We can then calculate the gross margin to be
$ 660000 - $ 198000
= $462,000
Estimated cost of goods sold = $198,000 (11,000 x $18)
Gross margin = $462,000 ($660,000 - $198,000)
Read more on manufacturing overhead here:
https://brainly.com/question/27245860?referrer=searchResults
#SPJ1
complete question
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,000, 11,000, 13,000, and 14,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 25% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.20 per pound. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.20. The fixed selling and administrative expense per month is $61,000.
a rightward shift of the market demand curve for mp3 players, ceteris paribus, causes equilibrium group of answer choices price to decrease and equilibrium quantity to decrease. price to increase and equilibrium quantity to decrease. price to decrease and equilibrium quantity to increase. price to increase and equilibrium quantity to increase.
A rightward shift of the market demand curve for mp3 players, ceteris paribus, causes equilibrium price to increase and equilibrium quantity to increase.
When a demand factor other than price changes, the demand curve will alter. It happens when the supply of goods and services increases or decreases despite no change in price.
reasons of a commodity's demand curve shifting to the right include:
Rise in consumer incomes: When consumer incomes rise, demand for regular items typically rises at the same price. As a result, the commodity's demand curve changes to the right, indicating an increase in demand.
Price increase for a substitute product: When an item's price goes up, demand for the substitute good increases at the new price. As a result, the good's demand curve shifts to the right, indicating an increase in demand.
To learn more about demand curve click here:
https://brainly.com/question/13131242
#SPJ4
after she was married, sherri mitchell, a young woman 17 years of age, was in an automobile accident in which she was hurt enough to require medical treatment. she was later approached by an insurance agent who offered her $2,500 as a settlement. all she had to do was sign a release that would absolve the insurance company of any complaint that she might have against it in regard to the accident. she agreed to accept the $2,500 and signed a release to that effect; however, she then changed her mind and decided to void the agreement. she argued that since she was 17 at the time she signed the release, she was a minor and could therefore void the contract. is mitchell correct? explain.
A contract that is void indicates that the parties cannot rely on it. Void contracts are handled as if they don't exist, according to the law.
If one of the parties performs behaviors that are forbidden or illegal, the contract is void and cannot be enforced.
Sherri was not competent enough to have signed a contract release if the law deems her to be a juvenile at the age of 17.
What does "void" signify in relation to contracts?
A formal contract that is effectively void and unenforceable from the moment it is created is known as a void contract. 1. Although both contracts may be voided for related reasons, a void contract differs from a voidable contract. If a contract cannot be enforced as written, it may be ruled invalid.
What distinguishes a void contract from a void agreement?
A contract that is null and void from the beginning, or at the moment it was made, is null and void. A contract that was valid when it was made but is now void because of unanticipated events is called a void contract. It does not give rise to any legal obligations for the parties and is not enforceable.
To learn more about contract from the given link.
https://brainly.com/question/984979
#SPJ4