Number of semiannual periods in bond term: 15(2) = 30Number of semiannual periods remaining at 6/2/05 = 10(2) = 20Remaining unamortized bond issue costs: $6,000(20/30) = $4,000Net amount to compare to price paid for bonds, to determine gain or loss on retirement, on one-half the bond issue: (1/2)($500,000 - $4,000) = $248,000. A journal entry recording the retirement of one-half the issue helps show why $248,000 is the correct answer.
Dr:Bonds payable 250,000
Cr:Bond issue costs 2,000
Cr:Cash .98($250,000) 245,000
Cr:Gain 3,000
The gain equals the net value of two accounts removed from the books ($248,000) less the amount paid to retire the bonds.
What is unamortized bond?
Unamortized bond premium is the difference, less interest, between the bond's face value and the higher price at which it was sold. The portion of the total bond price that has not yet been amortized by the issuer—i.e., written off incrementally against expenses in the future—is known as the unamortized bond premium.
Therefore,
On june 2, year 1, tory, inc. issued $500,000 of 10%, 15-year bonds at par. interest is payable semiannually on june 1 and december 1. bond issue costs were $6,000. on june 2, year 6, tory retired half of the bonds at 98. what is the net amount that tory should use in computing the gain or loss on the retirement of debt?
The question asks for the book value amount to be compared to the price paid for the bonds retired when the gain or loss on retirement is computed.The net book value includes the unamortized bond issue costs. The amount of unamortized issue costs relating to the portion of the bond issue retired increases the loss or decreases the gain because it represents the value of an asset that can provide no further benefit. The remaining portion of the bond term for the portion of the bond issue retired is the period for which the bond issue costs can no longer provide benefit.Number of semiannual periods in bond term: 15(2) = 30Number of semiannual periods remaining at 6/2/05 = 10(2) = 20Remaining unamortized bond issue costs: $6,000(20/30) = $4,000Net amount to compare to price paid for bonds, to determine gain or loss on retirement, on one-half the bond issue: (1/2)($500,000 - $4,000) = $248,000. A journal entry recording the retirement of one-half the issue helps show why $248,000 is the correct answer.
Dr:Bonds payable 250,000
Cr:Bond issue costs 2,000
Cr:Cash .98($250,000) 245,000
Cr:Gain 3,000
The gain equals the net value of two accounts removed from the books ($248,000) less the amount paid to retire the bonds.
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The daily report performed by the night auditor contains key operating ratios used by management including?
The daily report performed by the night auditor should contain Room occupancy percentage
You may be wondering what a night auditor does if you are unfamiliar with the position. The two major duties of a night auditor are to ensure that visitors have a wonderful experience during the evening hours and to reconcile the financial reports from the previous day's operations. So, an evening auditor is a career in accounting? Partially, yeah. Even while front office departments often oversee night auditors, end-of-day financial reporting and reconciliation are among their primary tasks. Evening auditing work may be rewarding and engaging. The work is challenging in many ways, such as handling urgent situations late at night or handling complex visitor requirements.
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the first step in the problem-solving process is defining the problem. what is the next step? proposing solutions redefining the problem testing the solution researching the problem
Researching the problem is the next step, as the first step in the problem-solving process is defining the problem. Hence, option D is correct.
What is meant by problem-solving process?Prospecting, planning, approaching, presenting, addressing objections, closing, and following up are the seven processes that make up the selling process. Investigating the needs and desires of potential consumers takes up the first three stages of the selling process, with your presentation occurring halfway through.
For instance, a customer service scenario might ask, "How would you handle an irate customer?
Thus, option D is correct.
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Answer:
It’s c
Explanation: define the problem
If+sales+are+$810,000,+variable+costs+are+76%+of+sales,+and+operating+income+is+$257,000,+what+is+the+contribution+margin+ratio?
Contribution margin ratio is 24%
Contribution margin ratio = 100% - Variable expense%
=100%-76%
=24%
Contribution Margin:
You can provide the contribution margin as a gross or per-unit figure. After removing the variable element of the company's expenditures, it indicates the additional revenue made for each product or unit sold.
By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The metric, which is often referred to as dollar contribution per unit, shows how much a certain product adds to the company's overall profit.
It offers a means of illustrating the profit potential of a certain item or service a business offers, as well as the percentage of revenue that goes toward paying the business' fixed expenses. Profit is defined as whatever income that remains after paying fixed costs.
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Dupli-pro copy shop provides photocopying service. next year, dupli-pro estimates it will copy 2,800,000 pages at a price of $0.08 each in the coming year. product costs include:______.
Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,800,000 pages at a price of $0.08 each in the coming year. Product costs include: Direct Materials, Direct Labor, Variable Overhead and Total Fixed Overhead.
How are additional product costs specified?
Product costs are often referred to as "inventory costs" or "manufacturing costs." Permanent costs: - Selling and administrative costs. These costs are reflected in the income statement as incurred.
Is the product costs advertised?
Sales commissions, administration fees, advertising and marketing, and office space rentals are all recurring fees. These charges are not covered as part of the cost of purchased or synthetic items, but are recognized as charges in the profit and loss account for the period in which they are incurred.
Is the rental the product costs?
When a manufacturer leases its manufacturing equipment and systems, the lease is the product costs (rather than the price of length). In other words, the rent is protected against the manufacturing overheads assigned to the manufactured product.
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for each of the following situations that occurred in june, with regard to common stock and dividends of a corporation, compute the amount of net income or net loss during june . (use a minus sign or parentheses for a net loss.) a. the company issued of common stock and paid no dividends.
The net amount that the company has issued of common stock and paid no dividends is $110,000 in Issued capital.
What is Common stock?
A form of corporate equity ownership and a kind of security is common stock. Outside of the United States, the words voting share and ordinary share are widely used. In the UK and other Commonwealth nations, they are referred to as equity shares or ordinary shares. A security that symbolises ownership in a firm is called common stock. Common stock owners choose the board of directors and cast ballots for corporate rules. Long-term rates of return are often higher with this type of stock ownership. The distinctions between preferred and ordinary stock are numerous. The fundamental distinction is that stockholders of ordinary stock typically receive one vote per share owned, whereas preferred stock typically does not.
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Ron landscaping's income statement reports net income of $75,300, which includes deductions for interest expense of $11,500 and income taxes of $30,500. its times interest earned is:___.
Ron landscaping's earnings statement reviews internet earnings of $75, three hundred, which includes deductions for interest price of $11,500 and earnings taxes of $30,500. its times interest expense is: = internet profits + income Taxes + hobby rate; profits before interest and taxes = $75,three hundred + $30,500 + $eleven,500; A) 10.6 times.
An expense is an object requiring an outflow of cash, or any form of fortune in well-known, to some other character or group as a charge for an item, service, or different category of fees. For a tenant, hire is a rate. for college students or mothers and fathers, a lesson is a fee.
An expense is the cost of operations that a company incurs to generate sales. because the famous announcement goes, “it expenses cash to make cash.” common expenses consist of bills to providers, worker wages, factory rentals, and equipment depreciation.If something is done at the cost of someone or something, it is done in a way that harms someone or something. here are some instances sentences in the use of the word: malls flourished at the rate of small stores downtown. He argues that the tax reduction will gain the rich on the fee of the bad.
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Project manager has discovered a team member has gold plated the work done in an activity. in order to discover this, the project manager must have been performing:_____.
A project manager has discovered a team member has gold plated the work done in an activity. in order to discover this, the project manager must have been performing key deliverables.
Something which is created as a result of a certain procedure is known as a significant deliverable. These deliverables can be the finished goods or they can be the final products of a project, or the organization may complete them in smaller and more frequent deliverables during the course of the project.
The stakeholder or the client is typically given a deadline for receiving the key deliverables, and the project is not considered s finished until the stakeholder has viewed and approved the final deliverable.
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Who is responsible for ensuring the proper construction and load-in of the scenery and properties as well as managing budgets?
The answer is Technical Director
In a software corporation, engineering firm, film studio, theater company, or television studio, for example, a technical director (TD) is typically a senior technical person. In a certain technical subject, this person typically possesses the highest level of ability.
In software development, a technical director is typically in charge of managing technical risks and opportunities, key software design and implementation decisions made in collaboration with the development teams, task scheduling that includes tracking dependencies, managing change requests, ensuring the quality of deliveries, and educating the team on technical best practices.
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A local store charges 1 1/2ach month on the unpaid balance for its charge account. what nominal annual interest rate is being charged? what is the effective interest rate?\
Effective Annual Rate = (1 + (nominal interest rate / number of compounding periods)) ^ (number of compounding periods) – 1
The interest rate that is actually earned on a loan or paid on an investment after interest has been compounded over a specified amount of time is known as the Effective Annual Rate (EAR). It is typically higher than the nominal rate and is used to contrast various financial products that compute annual interest over various compounding intervals, such as weekly, monthly, and yearly. As more compounding periods are added, the effective yearly interest rate rises over time. The rate of interest that is actually generated on an investment or paid on a loan as a result of compounding interest over a specified amount of time is known as the Effective Annual Rate (EAR).
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tonya's budget constraint for gasoline (g) and clothes (c) each month can be expressed with the following equation: g
Each month is represented by G = 100 - 2C.
A budget constraint in economics refers to all the combinations of goods and services that a consumer can buy given current pricing and his or her allocated income. Consumer theory examines the dimensions of consumer choices using the notions of a financial constraint and a preference map as tools.A budget constraint occurs when a consumer's consumption patterns are restricted by a fixed income. When analyzing the demand schedule, we frequently consider effective demand. Effective demand is what consumers can actually spend given their income constraints.Assume the cost of beer is $2 and the cost of pizza is $3. Then suppose the consumer has $18 to spend. The price of a beer is written as 2B, where B indicates the number of beers consumed. Furthermore, the cost of pizza can be represented as 3P, where P represents the quantity of pizza consumed.Thus this is the meaning of Budget Constraint.
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Sue was looking at buying a new car. after looking at the sticker prices on really expensive models, the lower cost models looked even more attractive! sue's decision making is being affected by?
Originally, the phrase reformation (from the Latin reform is, “to resume”) suggested the removal of impurities and corruption from church establishments and those, instead of separation from the unified Roman Catholic Church (the phrase catholic meaning “universal”).
The Protestant Reformation become a non secular reform movement that swept Europe inside the 1500s. It resulted in the introduction of a department of Christianity known as Protestantism, a call used collectively to refer to the many spiritual agencies that separated from the Roman Catholic Church because of variations in doctrine.
The Reformation brought about the reformulation of certain basic tenets of Christian perception and resulted in the division of Western Christendom between Roman Catholicism and the brand new Protestant traditions.
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A borrower applied for a va guaranteed first time mortgage for $150,000. however, the property appraised for $146,000. if the buyer still wished to buy the property, what most probably will happen?
A borrower applied for a VA guaranteed first time mortgage for $150,000. However, the property appraised for $146,000. If the buyer still wished to buy the property, The VA could allow the borrower to make up the difference in cash.
What is the meaning of mortgage?
A mortgage is an agreement among you and a lender that offers the lender the right to take your own home in case you fail to pay off the cash you've borrowed plus hobby. Mortgage loans are used to buy a home or to borrow cash against the value of a domestic you already personal. Seven matters to search for in a mortgage.
What's the distinction among mortgage and loan?
A loan is the sum of money borrowed from a monetary institution to meet various dreams or requirements. it can be collateral-free or secured. Mortgage refers to an immovable property that is used as collateral to avail a loan.
Why do people go for mortgage?
A mortgage is a need in case you can't pay the whole value of a home out of pocket. There are some instances in which it makes experience to have a mortgage on your own home even though you have the money to pay it off. For example, buyers on occasion loan residences to loose up price range for other investments.
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if price of a good rises, what happens to quantity demanded for that good? a.it does not change. b.it decreases. c.the answer depends upon the supply of the good. d.it increases.
The correct option is (B) decreases.
How does change in the price of good affects the quantity demand?One of the earliest theories in economics is the law of demand. It combines with the law of supply to explain how market economies distribute resources and establish the costs of the goods and services we use on a daily basis. The quantity bought varies inversely with price, according to the rule of demand. To put it another way, demand decreases as price increases. Marginal utility is what causes this to happen. In other words, customers utilize the initial units of an economic good they buy to fulfill their most pressing demands first, and then they use every additional unit to fulfill progressively lower-value goals.
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cheri is the lessee of of a house with a detached garage . harriett has leased only the garage from cheri. however, cheri remains bound by the terms of the lease agreement with the lessor. this is an example of .
cheri is the lessee of of a house with a detached garage . harriett has leased only the garage from cheri. however, cheri remains bound by the terms of the lease agreement with the lessor. this is an example of landlord-tenant.
What is the landlord-tenant situation?This is the term that is used to refer to the landlord that would own a property and would allow someone else to make use of the same property at a given fee payment.
The property can be said to be leased between the landlord and the tenant. Hence we can say that this is an example of landlord-tenant.
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on january 1, year 1, weller company issued bonds with a $400,000 face value, a stated rate of interest of 10%, and a 10-year term to maturity. weller uses the effective interest method to amortize bond discounts and premiums. the market rate of interest on the date of issuance was 8%. interest is paid annually on december 31. assuming weller issued the bond for $431,940, what is the amount of interest expense that will be recognized during year 3? a. $33,649 b. $20,000 c. $34,120 d. $46,350
The amount of interest expense that will be recognized during Year 3 is $34,058.
For year 1,
Cash paid = $400,000 x 10%
Cash paid = $40,000
Interest expense = $431,940 x 8%
Interest expense = $34,555
Premium amortization = $40,000 - $34,555
Premium amortization = $5,445
For year 2,
Cash paid = $40,000
Interest expense = $426,495 x 8%
Interest expense = $34,120
Premium amortization = $40,000 - $34,120
Premium amortization = $5,880
For year 3,
Cash paid = $40,000
Interest expense = $426,060 x 8%
Interest expense = $34,085
Therefore, The amount of interest expense that will be recognized during Year 3 is $34,085.
The expense of interest is related to the price of borrowing money. It is the fee that a lender assesses to a borrower in exchange for using their funds. Interest expense can be the cost of borrowing money from banks, bondholders, and other sources on the income statement. the amount of loan interest paid, and It is listed as a non-current liability on the liabilities section of the company's balance sheet. The simplest way to distinguish between interest and profit is to understand that they are two distinct concepts: profit is simply income fewer costs and expenses, regardless of whether the entity is a bank or another business. Interest is a type of income common to banks.
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Alma corp. issues 1,000 shares of $10 par common stock at $14 per share. when the transaction is recorded, credits are made to?
Alma corp. issues 1,000 shares of $10 par common stock at $14 per share. The transaction is recorded, credits are made to Common Stock, $10,000, and Paid-In Capital in Excess of Par, $4,000
What is a stock?Security known as a stock denotes a portion of ownership in a business. A share, or a small portion of a firm, is what you buy when you buy its stock. Stocks in corporations are bought by investors who anticipate an increase in value. In that case, the stock price of the company rises as well. A profit can then be made when the stock is sold.
As a result of your participation in the company's profits, you are referred to as a shareholder when you possess stock in it.
A stock market exchange, such as the Nasdaq or the New York Stock Exchange, is how publicly traded corporations sell their stock. According to the SEC, issuing stock can be a way for businesses to generate capital to settle debt, introduce new goods, or expand their operations. (Read more about the fundamentals of the stock market here.)
Stock investment is a technique for investors to grow their money over time and outpace inflation. As a shareholder, you have the potential to profit from rising stock prices, receive dividend payments when the firm distributes its profits, and in some cases, participate in shareholder elections.
Thus, stocks refer to the ownership proportion of the company.
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Benjamin, age 16, is claimed as a dependent by his parents. during 2021, he earned $850 at a car wash. benjamin's standard deduction is $1,450 ($1,100 $350). true false
False, Benjamin, 16, is being claimed as a dependent by his parents. He made $850 at a car wash in 2021. It is false that Benjamin's standard deduction is $1,450 ($1,100 multiplied by 350).
Car Wash
A car wash, also referred to as an auto wash, is a facility where exteriors and, on occasion, interiors of automobiles are washed. Car washes come in three varieties: fully automated, full-service (where a staff member washes the car), and self-service (possibly connected to a gas station). In order to earn money for a deserving cause, car washes can also be events when customers pay to have their vehicles washed by volunteers using less sophisticated equipment.
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a business profile is a specific set of transactions events and ersults that can be descrivbed and documented
A business profile is a specific set of transactions, events, and results that can be described and documented. This statement is FALSE.
What is Business Profile?
A business profile is a summary of all the important aspects of a company. It is an overview that conveys crucial details about the subject. A statement that lists a company's key characteristics is called a business profile. The majority of these profiles are created to serve as promotional material for various objectives. Typically, these profiles are created for possible investors, government regulators, significant stakeholders, or even significant future clients or suppliers. Additionally, financial institutions frequently receive this information. Businesses utilize business profiles to spread the word about their brand, which may help them establish business alliances, hire new staff members, and sell more goods and services.
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derek is having postcards printed to advertise his services as an arizona real estate broker. he’ll use his name, derek dibbley, on the card. what else do arizona real estate advertising rules require him to include?
In addition to being a licensed real estate agent, a real estate broker is also a licensed real estate professional in their own right.
A real estate broker has knowledge that can be useful to people in real estate transactions, and just as an agent, a broker can aid with the sale or purchase of real estate. A broker's responsibility is to guarantee that real estate transactions are legal, that all paperwork is accurate and complete, and that any funds, such as those in escrow accounts, are documented and reported legally. This is a key distinction between a broker and an agent.
Every real estate agent is employed by a broker. Therefore, picture a broker (or brokerage company) as the general term for particular real estate agents, such as those you would hire to sell your house or assist you in buying a property. A broker makes sure all transactions are compliant with the law while a real estate agent manages clients, listings, and sales.
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pam needs to borrow money to buy a home. suppose that the saving rate in the country is expected to decrease. assuming nothing else changes, this means that if pam borrows now, her cost of borrowing money is expected to due to the following factor:
Pam's cost of borrowing money is expected to increase preferences for current consumption due to the federal deficit decreases, the federal reserve sells treasury securities to banks etc.
What is the meaning of cost of borrowing money?Cost of borrowing money refers to the price that people pay to borrow money. It is also known as Interest. When people make the payments for the loan, interest is a part of the payment.
The cost of borrowing money basically expressed as a percentage of the amount borrowed that is called principal amount. Generally, low-risk borrowers with good credit scores has to pay the lowest interest rates.
Basically, cost of borrowing money is the interest rate that a borrower has to pay on the money borrowed.
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on january 1, 2021, the general ledger of grand finale fireworks includes the following account balances: accounts debit credit cash $ 42,700 accounts receivable 44,500 supplies 7,500 equipment 64,000 accumulated depreciation $ 9,000 accounts payable 14,600 common stock, $1 par value 10,000 additional paid-in capital 80,000 retained earnings 45,100 totals $ 158,700 $ 158,700 during january 2021, the following transactions occur: january 2 issue an additional 2,000 shares of $1 par value common stock for $40,000. january 9 provide services to customers on account, $14,300. january 10 purchase additional supplies on account, $4,900. january 12 purchase 1,000 shares of treasury stock for $18 per share. january 15 pay cash on accounts payable, $16,500. january 21 provide services to customers for cash, $49,100. january 22 receive cash on accounts receivable, $16,600. january 29 declare a cash dividend of $0.30 per share to all shares outstanding on january 29. the dividend is payable on february 15. (hint: grand finale fireworks had 10,000 shares outstanding on january 1, 2021, and dividends are not paid on treasury stock.) january 30 resell 600 shares of treasury stock for $20 per share. january 31 pay cash for salaries during january, $42,000. exercise 10-17 part 1 1. record each of the transactions listed above.
1. General Journal (FIFO perpetual inventory system):January
2:Debit Cash Account $40,000Credit Common Stock $2,000Credit Additional Paid-in Capital $38,000
To record the issue of 2,000 shares, $1 par value for $40,000.January
9:Debit Accounts Receivable $14,300Credit Service Revenue $14,300
To record services on account.January
10:Debit Supplies Account $4,900Credit Accounts Payable $4,900
To record supplies bought on account.January
12:Debit Treasury Stock $1,000Debit Additional Paid-in Capital $17,000Credit Cash Account $18,000To record 1,000 treasury stock repurchased for $18/share.January 15:Debit Accounts Payable $16,500Credit Cash Account $16,500To record payment on accounts payable.January 21:Debit Cash Account $49,100Credit Service Revenue $49,100To record services to customers for cash.January 22:Debit Cash Account $16,600Credit Accounts Receivable $16,600To record cash from accounts receivable.January 29:Debit Dividend Account $3,300Credit Dividend Payable $3,300To record dividend declared, $0.30/share.January 30:Debit Cash Account $12,000Credit Treasury Stock $600Credit Additional Paid-in Capital $11,400To record 600 treasury stock reissued for $20 per share.January 31:Debit Salaries Account $42,000Credit Cash Account $42,000To record January salaries paid.2. Adjusting Entries (General Journal):January 31:a) Debit Utilities Account $6,200Credit Accrued Utilities $6,200To record unpaid utilities for January.b) Debit Cost of Services $7,300Credit Supplies Account $7,300Being cost of servicesc) Debit Depreciation Expense $1,500Credit Accumulated Depreciation $1,500To depreciate equipment for January.d) Debit Income Tax Expense $2,000Credit Income Tax Payable $2,000To accrue income taxes for January.3. Trial Balance as at January 31, 2018 Debit CreditCash: $83,900($42,700+40,000-18,000-16,500+49,100+16,600+12,000-42,000)Accounts Receivable: $42,200($44,500 + 14,300 - 16,600)Supplies: $5,100($7,500 +4,900 - 5,100)Salaries $42,000Utilities $6,200Accrued Utilities $6,200Depreciation Expense $1,500Income Tax Expense $2,000Income Tax Payable $2,000Dividend $3,300Dividend Payable $3,300Cost of Service $7,300Service Revenue ($14,300 +49,100) $63,400Equipment: $64,000Accumulated Depreciation: ($9,000 + 1,500) $10,500Accounts Payable: $3,000($14,600 + 4,900 - 16,500)Common Stock, $1 par value (10,000 + 2,000) $12,000Treasury Stock, $1 par value $400Additional Paid-in Capital: $112,400($80,000 + 38,000 - 17,000 + 11,400)Retained Earnings: $45,100Total $257,900 $257,9004. Multiple-step Income Statement for the period ended January 31, 2018:Service Revenue $63,400Less Cost of Service $7,300Gross Profit $56,100Expenses:Salaries $42,000Utilities $6,200Depreciation $1,500 $49,700Income before taxes $6,400Income Taxes $2,000Income after taxes $4,400Retained Earnings b/f $45,100Dividend ($3,300)Retained Earnings c/f $46,2005. Classified Balance Sheet as at January 31, 2018:Current Assets:Cash $83,900Accounts Receivable $42,200Supplies $5,100 $131,200Equipment $64,000Accumulated Depreciation ($10,500) $53,500Total Assets $184,700Current Liabilities:Accounts Payable $3,000Accrued Utilities $6,200Income Taxes Payable $2,000Dividends Payable $3,300 $14,500Common Stock $12,000Treasury Stock ($400)Additional Paid-in Capital $112,400 Retained Earnings $46,200 $170,200Total Liabilities + Equity $184,7006. Closing Entries in the General Journal:a) Debit Income Statement $42,000Credit Salaries Account $42,000Transfer to the income statement.b) Debit Income Statement $6,200Credit Utilities Account $6,200Transfer to the income statement.c) Debit Income Statement $2,000Credit Income Taxes Expense $2,000Transfer to the income statement.d) Debit Retained Earnings $3,300Credit Dividends Account $3,300Transfer to the Retained Earnings Account.e) Debit Service Revenue $63,400Credit Income Statement $63,400Transfer to the income statement.f) Debit Income Statement $7,300Credit Cost of Service $7,300Transfer to the income statement.g) Debit Net Income $4,400Credit Retained Earnings $4,400Transfer of net income to Retained Earnings.
What is retained earning?
The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing. The total profits left over after a corporation pays dividends to its shareholders are known as retained earnings. These funds might be put back into the company by, say, buying new machinery or paying off debt.
Therefore,
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Craigmont company's direct materials costs are $3,600,000, its direct labor costs total $7,540,000, and its factory overhead costs total $5,540,000. its conversion costs total:_____.
The conversion cost of Craigmont company is $13,080,000
How to calculate the conversation costs ?Conversion cost can be described as the sum of the cost of direct labor cost and overhead cost.
The cost of direct materials is $3,600,000
The direct labor costs is $7,540,000
The overhead cost is $5,540,000
Conversation cost= cost of direct labor + overhead cost
= 7,540,000 + 5,540,000
= 13,080,000
Hence the conversion cost is $13,080,000
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Suppose tickets to a baseball game are currently selling for $60 each, but the equilibrium price of tickets is $50 each. We would expect a.
We would expect a... surplus to exist and the market price of tickets to decrease.
An asset or resource that has more than is actively being used is said to have a surplus. A surplus can refer to a wide range of things, including money, goods, capital, and profits. A surplus in the context of inventories refers to items that are still on store shelves but have not yet been purchased. When you have more of something than you need or intend to use, you have a surplus. When you prepare a meal, for instance, you have a surplus of food if there is any left over after everyone has finished eating. Cash that is in excess of what is needed for ongoing operations is referred to as a cash surplus. Just as crucial as managing the flow of money into and out of your cash flow cycle is how you manage your cash surplus.
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the current price of blue jeans is $30 per pair, but the equilibrium price of blue jeans is $25 per pair. as a result, which of the following statements is not true?
The statement that is not true is there is a shortage of blue jeans at the $30 price.
What is a surplus?Equilibrium is the point where the quantity demanded equal quantity supplied. On a graph, it is where the demand curve crosses the supply curve.
The price at equilibrium is known as equilibrium price and the quantity at equilibrium is known as equilibrium quantity
If price is above the equilibrium price, quantity supplied exceeds quantity demanded and there is a surplus. If price is below the equilibrium price, quantity demanded exceeds quantity supplied and there is a shortage.
Since the current price of blue jeans is greater than the equilibrium price, there would be a surplus. Thus, quantity supplied would be greater than the quantity demanded.
Here are the options:
There is a surplus of blue jeans at the $30 price.
b. There is a shortage of blue jeans at the $30 price.
c. The quantity supplied of blue jeans exceeds the quantity demanded of blue jeans at the $30 price.
d. The equilibrium quantity of blue jeans exceeds the quantity demanded at the $30 price.
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When managers see things only through their own perspective, their focus is called __________.
When managers see things only through their own perspective, their focus is called assertiveness parochialism.
Assertiveness parochialism is the term used to describe a manager's emphasis when they only see things from their own perspective.
Flooding and Parochial Reorganization on the German North Sea Coast in the Seventeenth Century: Community Assertiveness and the Value of Pastoral Care.
This article explores the specifics of parochial restructuring in the seventeenth century using the example of dramatic terrain changes brought on by floods on the German North Sea coast. It covers a wide range of recently discovered information from Schleswig-Holstein archives. The discussion of these significant issues that come with such a restructuring of the religious landscape owing to flood catastrophe is supported by a number of well-documented case studies from the region.
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With a 0.04 percent chance of a stockout, what is the z-value to use in calculating safety stock?
Z is the preferred service level, it is the usual deviation of lead time, and D avg is the demand common. do not be intimidated. The best technique for calculating safety inventory only calls for a four-step procedure to calculate these variables.
Solution:
Stock out level=4%
In-stock Probability=100-4=96%
Therefore Z value at 96% service level=1.751
Resulting Z -a value of 1.751.
A stockout situation. With a lower score approach, you may have higher possibilities of running out of inventory. as an example, in case you pick out a Z rating of 2.33, there's a ninety-nine percent threat that you might not face a stockout situation. assume an agency has a team to investigate the market call, and it has been estimated that the call for an umbrella is almost 1000 devices each month. As a precaution, the organization can determine to have a hundred units as protection stock because the call for is in no way constant.
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are clear and accurate written statements that identify the basic rules and principles (the what and why) used to control and expedite decision making. describe the process by which something is done (the how).
Policies are clear and accurate written statements that identify the basic rules and principles (the what and why) used to control and expedite decision-making. This is further explained below.
What are policies?Generally, A policy may be defined as an intentional set of principles that are used to direct decision-making and produce sensible results. A policy is a declaration of purpose, and the manner in which it is carried out might be either a process or a protocol.
In conclusion, Within any organization, there exists at least one governing body responsible for formulating and enacting policies.
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right medical introduced a new implant that carries a 5- year warranty against manufacturer's defects. based on industry experience with similar products, warranty costs are expected to approximate 1% of sales. sales were $15 million and actual warranty expenditures were $20,000 in the first year of selling the product.
There is a loss contingency and the estimated warranty liability is credited and warranty expense is debited in the period in which the products under warranty are sold. The right will report a liability of $388,250
Warranty Liability, Beg. Balance = $ 420,000
Warranty Expense = $21,000,000*2%
Actual Expenditure = $ 31,750
End Balance = $ 388,250
Hence, this is a loss contingency and the estimated warranty liability is credited and warranty expense is debited in the period in which the products under warranty are sold. The right will report a liability of $388,250
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which claim will this company most likely make? aluminum pans are the most energy-efficient cookware. copper pans are the most energy-efficient cookware, but they cost the most. iron pans require less energy to heat up than copper frying pans, but they cost less. copper pans require the most energy to heat up.
In this question the company make claim that iron pans require less energy to heat up that copper frying pans and less cost.
In this question, the meaning of the claim means the feature of the product that a company claim to represent its product. In this, four claim are given from which we have to select the correct option. The company claim feature of the iron pan because the iron pans use less energy as compared to the other pans on the other hand the cost of the iron pans is also low. Hence, the company choose third claim.The company does not choose first claim because it is less beneficial.The company does not choose second claim because it is less beneficial.The company does not choose fourth claim because it is less beneficial.Learn more about claim here-
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cree markets led (light-emitting diode) bulbs, selling them for a profit. a cree led bulb replaces the traditional incandescent bulb, consuming 85 percent less energy and lasting for 25,000 hours. cree is an example of
Cree is an example of a Business firm. Therefore option d) Business Firms is correct.
What is an incandescent bulb?In essence, an incandescent light bulb is a display of a controlled fire. Electricity enters the bulb through the base and heats the tungsten filament within when an electrical current comes into touch with it. And as the filament gets hotter, heat-generated light called "incandescence" is produced. (A burning wood or coal would have the same effect.)
An incandescent light bulb's light is essentially just that phenomenon taking place in a safe, controlled setting. Particles shoot off the filament as it keeps burning. The light bulb eventually burns out when there are no more particles to burn, which normally happens between 800 and 1,200 hours during the incandescent light bulb's lifespan.
However, since incandescence is fire, it creates more than just light, which is the problem with incandescent lights. Moreover, heat is produced. As a result, the heat generated by an incandescent bulb is wasteful by nature unless you're looking for a "heat lamp."
As a matter of fact, incandescent light bulbs only emit 10% light and 90% heat. You've probably felt the 90/10 heat-to-light ratio if you've ever handled an incandescent bulb that is lighted. They are warm bulbs!
Thus, these bulbs consumed a tremendous amount of energy as compared to modern LEDs.
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Complete Question:
Cree markets LED (light-emitting diode) bulbs that replace the traditional incandescent bulb. A CreeLED bulb consumes 85 percent less energy and lasts for 25,000 hours. Cree is an example of
a. a cooperative.
b. an industry.
c. a nonprofit organization.
d. a business firm.
e. a government agency.