Siren Company's manufacturing cost per unit for 2017 was $0.08 using variable costing and $8.75 using absorption costing. The company's net income for 2017 was $1,015,000 using variable costing and $952,500 using absorption costing.
Siren Company's manufacturing cost per unit for 2017 using variable costing can be calculated as follows: Variable manufacturing cost per unit = (Direct materials + Direct labor + Variable manufacturing overhead) / Units produced = ($2.50 + $3.75 + $1.25) / 90,000 = $7.50 / 90,000 = $0.0833 or $0.08 (rounded to 2 decimal places) Therefore, Siren Company's manufacturing cost per unit for 2017 using variable costing was $0.08. Using this information, we can prepare a variable costing income statement for 2017 as follows: Variable costing income statement for 2017: Sales revenue ($27.25 x 80,000) = $2,180,000 Variable costs: Direct materials ($2.50 x 90,000) = $225,000 Direct labor ($3.75 x 90,000) = $337,500 Variable manufacturing overhead ($1.25 x 90,000) = $112,500 Variable selling and administrative expenses ($0.50 x 80,000) = $40,000 Total variable costs = $715,000 Contribution margin = $2,180,000 - $715,000 = $1,465,000 Fixed costs: Fixed manufacturing overhead = $300,000 Fixed selling and administrative expenses = $150,00 Total fixed costs = $450,000 Net income = $1,465,000 - $450,000 = $1,015,000 Siren Company's manufacturing cost per unit for 2017 using absorption costing can be calculated as follows: Total manufacturing cost per unit = (Total manufacturing costs) / Units produced = ($450,000 + $675,000) / 90,000 = $1.25 + $7.50 = $8.75 Therefore, Siren Company's manufacturing cost per unit for 2017 using absorption costing was $8.75. Using this information, we can prepare an absorption costing income statement for 2017 as follows: Absorption costing income statement for 2017: Sales revenue ($27.25 x 80,000) = $2,180,000 Cost of goods sold: Beginning inventory (90,000 - 80,000) x $8.75 = $87,500 Manufacturing costs incurred during the year ($450,000 + $675,000) = $1,125,000 Total cost of goods available for sale = $1,212,500 Ending inventory (10,000 x $8.75) = $87,500 Cost of goods sold = $1,125,000 - $87,500 = $1,037,500 Gross profit = $2,180,000 - $1,037,500 = $1,142,500 Selling and administrative expenses: Variable selling and administrative expenses ($0.50 x 80,000) = $40,000 Fixed selling and administrative expenses = $150,000 Total selling and administrative expenses = $190,000 Net income = $1,142,500 - $190,000 = $952,500 In summary, Siren Company's manufacturing cost per unit for 2017 was $0.08 using variable costing and $8.75 using absorption costing. The company's net income for 2017 was $1,015,000 using variable costing and $952,500 using absorption costing.
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You are an American investor. You face the following prices: S
pot (USD/EUR) 1.09380 1.09400 3-m Forward (USD/EUR) 1.09385 1.09415 Interest rate USD (p.a.) 1.00% 3.00% Interest rate EU (p.a.) 2.00% 4.00% These prices account for the presence of transaction costs in both foreign exchange markets (bid and ask rates) and money markets (borrowing and lending rates). a) Is there an arbitrage opportunity in these quotes? b) If you had to borrow USD 100, where would you borrow? Why? c) If you had to invest USD 100, where would you invest? Why? d) Assume that you require EUR 5000 in three months, what is the smallest amount of USD that you need to put aside today? e) Your great aunt promises to give you EUR 5000 in three months. What is the maximum amount of USD that you can get today?
a) To check for an arbitrage opportunity, we need to compare the forward exchange rate and the covered interest rate parity (CIRP).
Forward exchange rate = 1.09385 USD/EUR (ask)
Spot exchange rate = 1.09400 USD/EUR (bid)
CIRP = (1 + i_USD) / (1 + i_EUR) * Spot rate
= (1 + 0.01) / (1 + 0.02) * 1.09380
= 1.09347 USD/EUR
Since the forward exchange rate (1.09385) is greater than the CIRP (1.09347), there is no arbitrage opportunity in these quotes.
b) If you had to borrow USD 100, you should borrow at the lowest borrowing rate, which is 1.00% p.a.
c) If you had to invest USD 100, you should invest in the currency with the highest lending rate. In this case, you should exchange your USD to EUR and invest in EU at 4.00% p.a.
d) To calculate the smallest amount of USD needed today to have EUR 5000 in three months, you should use the forward exchange rate:
USD needed = EUR 5000 * Forward rate (bid)
= 5000 * 1.09385
= 5469.25 USD
e) To find the maximum amount of USD you can get today from the promised EUR 5000 in three months, use the spot exchange rate:
USD today = EUR 5000 / Spot rate (ask)
= 5000 / 1.09400
= 4568.55 USD
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Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.9 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 3.8 percent. What is the dollar price of the bond? 1/1/2000 1/1/2013 4.90% Settlement date Maturity date Coupon rate Coupons per year Redemption value (% of par) Yield to maturity Par value 9 100 3.80% 2,000 10 12 13 14 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the function. You must use the built-in Excel function to answer this question 15 16 17 18 19
The dollar price of the bond is approximately $2,179.77.
To calculate the dollar price of the bond, we will use the Present Value (PV) of a bond formula:
PV = C * (1 - (1 + r)^(-n)) / r + F * (1 + r)^(-n)
where:
- PV is the present value or price of the bond
- C is the coupon payment (par value * coupon rate / coupons per year)
- r is the yield to maturity per period (yield to maturity / coupons per year)
- n is the total number of periods (years to maturity * coupons per year)
- F is the par value of the bond
Step 1: Calculate C
C = 2000 * 4.9% / 2
C = 49
Step 2: Calculate r
r = 3.8% / 2
r = 0.038 / 2
r = 0.019
Step 3: Calculate n
n = 13 years * 2 (semiannual periods)
n = 26
Step 4: Calculate the present value of the bond
PV = 49 * (1 - (1 + 0.019)^(-26)) / 0.019 + 2000 * (1 + 0.019)^(-26)
PV ≈ 2179.77
The dollar price of the bond is approximately $2,179.77.
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assuming a medicare tax rate of 1.45 nd weekly gross wages of $4,300, the amount recorded in medicare tax payable for one quarter (13 weeks) for the employee’s payroll deduction is
The amount recorded in Medicare tax payable for one quarter (13 weeks) for the employee's payroll deduction is $810.55.
Based on the information provided, to calculate the amount recorded in Medicare tax payable for one quarter (13 weeks) for the employee's payroll deduction, you should follow these steps:
1. Multiply the weekly gross wages by the Medicare tax rate: $4,300 * 1.45% (0.0145) = $62.35
2. Multiply the weekly Medicare tax deduction by the number of weeks in a quarter: $62.35 * 13 weeks = $810.55
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a. Given the following:Ca = $120,Ig = $60,Xn = − $10, andG = $40,What is the economy’s equilibrium GDP?Instructions: Enter your answer as a whole number.Equilibrium GDP = $ .
To determine the economy's equilibrium GDP, we need to use the formula:
Y = C + I + G + Xn
where Y represents GDP,
C is consumption,
I is investment,
G is government spending, and
Xn is net exports.
Given the values, we can substitute them into the formula:
Y = $120 + $60 + $40 - $10
= $210.
Therefore, the economy's equilibrium GDP is $210.
The equilibrium GDP is the level of output where aggregate demand equals aggregate supply. At this level, the economy is in a state of balance, and there is no tendency for it to move away from this level.
In other words, the economy is producing the optimal level of goods and services that consumers are willing to buy, and firms are willing to supply.
The factors that determine equilibrium GDP are consumer spending, investment spending, government spending, and net exports. Changes in any of these factors can shift the equilibrium GDP.
For instance, if there is an increase in consumer spending, it will lead to a rise in GDP. Similarly, if there is a decrease in government spending, it will lead to a decline in GDP.
In conclusion, the economy's equilibrium GDP is $210, based on the given values. It is the level of output where aggregate demand equals aggregate supply, and it represents the optimal level of goods and services produced in the economy.
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in the case of the johnson report, the report findings were unsubstantiated. "in the case of" and "the report" "the report findings" "johnson report" and "unsubstantiated"
In the case of the Johnson Report, the findings of the report were deemed unsubstantiated. The report, which was commissioned to investigate claims of fraud within a particular company, was unable to find concrete evidence to support the allegations.
Despite the lack of evidence, the report still had significant implications for the company and those involved. The fact that the findings were unsubstantiated means that the report did not have the same level of authority and credibility as it would have if the allegations had been proven. This can be frustrating for those who were hoping for a clear resolution to the situation, but it is also a reminder of the importance of thorough investigations and evidence-based decision-making.
While the Johnson Report may not have provided a definitive answer, it did serve as a cautionary tale about the potential consequences of unethical behavior in the business world.
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all of the following are characteristics of mcgregor's theory x except . a. people dislike work and try to avoid it b. people must be led because they have little ambition c. people are concerned mainly with security d. people have the ability to help accomplish an organization's goals e. managers must coerce, control, and threaten employees
Answer: d. people have the ability to help accomplish an organization's goals
using what you have learned so far about rethinking it as an investment portfolio develop an ‘value analysis’ template that you could use in a discussion with the cfo to help quantify it value.
For a value analysis template that can be used to quantify the value of an IT investment portfolio in a discussion with the CFO. Here's a sample template:
Value Analysis Template
Business objectives
IT investments
Risk assessment
Portfolio analysis
IT investment portfolio refers to a collection of investments in IT assets, projects, and initiatives that are intended to support an organization's business objectives. The portfolio can be viewed as an investment portfolio, where each IT investment is evaluated based on its cost, risk, and potential return. Value analysis is a process that evaluates the value generated by IT investments and helps decision-makers make informed investment decisions. A value analysis template can provide a structured approach to analyzing the value of the IT investment portfolio and can be used to guide discussions with the CFO or other stakeholders. The template above includes key elements such as business objectives, IT investments, risk assessment, alignment with business objectives, portfolio analysis, and recommendations.
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A company's current assets are $33,420, its quick assets are $17,890 and its current liabilities are $13,220. Its acid-test ratio equals: Multiple Choice 0.739 2.53 1.35 0.40
The parameters listed in the earlier question are
=1.35 Current Ratio $2,435 is the current liabilities
Sales= $10,585 the quick ratio and current liability are available, we must first determine the current assets. The correct answer is a.0.739.
Finding the long-term debt is the following stage.
11% profit margin
ROE= 16%
Since
= Current Assets / Current Liability
2.435 x 1.35 = Current Assets
assets as of today = 1.35 x 2,435
Assets as of Today = $3287.25
The net income calculation comes next.
Net income equals sales times profit margin, or $10,585 times 11/100, or $10,585 times 0.11, or $1164.35.
The equity return on equity (ROE) is then determined by dividing net income by equity (16/100 = $1164.35/equity), which yields an equity value of $727718.
Finding the long-term debt is the following stage.
Long-term debt ratio = long-term debt/(long-term equity)
Let L stand in for the long-term debt.
Cross multiply LI(L+7277.18)-0.46 on all sides
L= 0.46(L+727718)
L= 0,46L + 3347.50
assemble similar terms
L-0.46L=3347.50 0.54L=3347.50 L= 3347.50/0.54 L= 6199.07
Debt over time = $6199.07
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Calculate the Cross-Price Elasticity of the following goods and say whether they are compliment's or substitutes.A. When there is a 20% decrease in the quantity of peanut butter when the price of jelly increased by 40%.B. When there was a drop in the quantity demanded of Samsung phones from 600,000 to 400,000 when apple decreased the price of the Iphone from $199 to $99.
A. The cross-price elasticity is negative, we know that peanut butter and jelly are complements. This means that as the price of jelly goes up, the demand for peanut butter goes down.
B. The cross-price elasticity is negative, we know that Samsung phones and iPhones are substitutes. This means that as the price of iPhones goes down, the demand for Samsung phones goes down as well.
A. To calculate the cross-price elasticity, we use the formula:
Cross-Price Elasticity = (% Change in Quantity of Good A)/(% Change in Price of Good B)
In this case, we have a 20% decrease in the quantity of peanut butter and a 40% increase in the price of jelly. Plugging these values into the formula, we get:
Cross-Price Elasticity = (-20%)/(+40%) = -0.5
Since the cross-price elasticity is negative, we know that peanut butter and jelly are complements. This means that as the price of jelly goes up, the demand for peanut butter goes down.
B. Using the same formula as above, we have:
Cross-Price Elasticity = (% Change in Quantity of Good A)/(% Change in Price of Good B)
In this case, we have a 33.3% decrease in the quantity demanded of Samsung phones (from 600,000 to 400,000) and a 50% decrease in the price of the iPhone (from $199 to $99). Plugging these values into the formula, we get:
Cross-Price Elasticity = (-33.3%)/(+50%) = -0.67
Since the cross-price elasticity is negative, we know that Samsung phones and iPhones are substitutes. This means that as the price of iPhones goes down, the demand for Samsung phones goes down as well.
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Customers arrive, with interarrival times distributed as EXPO(5)—all times are in minutes—at a small service center that has two servers, each with a separate queue. The service times are EXPO(9.8) and EXPO(9.4) for Servers 1 and 2, respectively. Arriving customers join the shortest queue. Customer line switching occurs whenever the difference between the queue lengths is 3 minutes or more. At that time, the last customer in the longer queue moves to the end of the shorter queue. No additional movement, or line switching, in that direction occurs for at least the next 30 seconds. Develop a model and animation of this system and run it for 10,000 minutes. Observe statistics on the number of line switches, resource utilization, and queue lengths.
To run the simulation for 10,000 minutes, we can set the simulation clock to 0 and run the simulation until it reaches 10,000 minutes. We can then analyze the statistics generated by the simulation to gain insights into the system behavior and identify areas for improvement in the manufacturing process.
Based on the given scenario, we can develop a simulation model to observe the system behavior of a small service center with two servers and separate queues. The interarrival times of customers are exponentially distributed with a mean of 5 minutes, while the service times of Servers 1 and 2 are exponentially distributed with means of 9.8 and 9.4 minutes, respectively. Whenever a customer arrives, they join the shortest queue, and line switching occurs whenever the difference between the queue lengths is 3 minutes or more.
To develop the simulation model, we can use a discrete event simulation approach, where we simulate each event that occurs in the system over time. We can start by initializing the system, setting the simulation clock to 0 and generating the first customer arrival time. Then, we can simulate the arrival of each customer and determine which queue they join based on the shortest queue length.
We can also keep track of the queue lengths and the time at which a line switch occurs. When a line switch occurs, we can identify the last customer in the longer queue and move them to the end of the shorter queue. We can also set a timer for at least 30 seconds to prevent additional line switching in that direction.
As the simulation runs, we can observe statistics on the number of line switches, resource utilization, and queue lengths. The number of line switches will depend on the queue dynamics and the arrival and service patterns. The resource utilization will depend on the efficiency of the servers in serving customers. The queue lengths will depend on the arrival rate of customers and the service times of the servers.
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The Denver advertising agency promoting the new Breem dishwashing detergent wants to get the best exposure possbile for the product within the $100,000 advertising budget ceiling placed on it. To do so, the agency needs to decide how much of the budget to spend on each of its two most effective media:(1) television spots during the afternoon hours and (2) large ads in the city's Sunday newspaper. Each tv spot costs $3,000; each Sunday newspaper ad costs $1,250. The expected exposure, based on industry ratings, is 35,000 viewers for each TV commercial and 20,000 readers for each newspaper advertisement. The agency director, Deborah Kellogg, knows from experience that it is important to use both media in order to reach the broadest spectrum of potential Breem customers. She decides that at least 5 but no more than 25 TV spots should be ordered, and that at least 10 newspaper ads should be contracted.How many times should each of the two media be used to obtain maximum exposure while staying within the budget? Use the graphical method to solve.
The agency should order 5 TV spots and 16 print advertising to gain the most exposure while maintaining within the allocated budget. The graphical method can be used to locate this answer.
In an advertising agency, which division is in charge of the production schedule for advertisements?The media department is in charge of scheduling the appearance of advertising and purchasing space or time in publications like newspapers, magazines, radio, television, digital media, and outdoor media like billboards and poster sites.
Which among India's largest and oldest advertising agencies?The first advertising company in India was Dattaram & Company. India's first newspaper is the Bengal Gazette.
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todd's trust fund pays $500 a month for the next 30 years. the current value of these payments is called: simple amount. compounded value. future value. present value. single amount.
The current value of Todd's trust fund payments is called the present value. This represents the value of the payments in today's dollars, taking into account inflation and the time value of money.
The future value would be the amount that the payments would grow to over the 30-year period if they were invested and earned interest. The compounded value would refer to the future value if the payments were compounded at a certain rate of interest. The simple amount and single amount are not applicable in this scenario. So, the current value of Todd's trust fund payments is called the present value.
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An HR Professional may escalate, deescalate, or reassign a case _____.
An HR professional plays a crucial role in managing workplace conflicts and issues. They may escalate, deescalate, or reassign a case depending on the situation and the severity of the issue at hand.
When an HR professional escalates a case, it means they recognize the seriousness of the issue and decide to involve higher-level management or external authorities to resolve the matter effectively.
On the other hand, deescalating a case involves taking steps to reduce the tension or conflict between parties, focusing on resolving the issue internally and maintaining a positive working environment. This might involve mediating conversations, providing training or counseling, and ensuring that both parties feel heard and respected.
Lastly, an HR professional may reassign a case when it is deemed more appropriate for another HR representative or department to handle the situation. This could be due to various reasons such as a conflict of interest, specific expertise required, or workload distribution. In such instances, the case will be transferred to the appropriate personnel to ensure a fair and efficient resolution.
In summary, an HR professional's role involves making crucial decisions on whether to escalate, deescalate, or reassign a case, depending on the specific circumstances and the best course of action for all parties involved.
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A friend tells you that travelling in the UK is much more expensive now than it used to be. He says "3 years ago, one British pound bought 1.3 US dollars, but now one British pound buys 1.4 US dollars." Is this friend right or wrong? In your answer, assume that total inflation over this period was 4% in the UK and 1% in the US. Provide brief reasoning.
Your friend is wrong about traveling in the UK being much more expensive now than it used to be, based on the information provided. Here's a step-by-step explanation:
1. Three years ago, one British pound (GBP) bought 1.3 US dollars (USD).
2. Now, one British pound buys 1.4 US dollars.
3. Inflation over this period was 4% in the UK and 1% in the US.
To compare the cost of traveling in the UK, we should consider the purchasing power of the currencies after accounting for inflation.
1. UK inflation: (1 + 0.04)^3 = 1.124864 (4% compounded over 3 years)
2. US inflation: (1 + 0.01)^3 = 1.030301 (1% compounded over 3 years)
3. Adjusted exchange rate 3 years ago: 1.3 USD/GBP * (1.030301 / 1.124864) ≈ 1.193 USD/GBP
Comparing the adjusted exchange rate of 1.193 USD/GBP three years ago to the current rate of 1.4 USD/GBP, we can see that one British pound actually buys more US dollars now than it did three years ago. This means that traveling in the UK has not become more expensive in terms of US dollars.
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Nathan Chong, one of the founders of News Tilt, believed that was his startup's failure on the failure spectrum. O lack of ability O deviance process inadequacy uncertainty
Answer: (C) Process Inadequacy
Nathan Chong believed that News Tilt's failure was primarily due to process inadequacy.
What is Process inadequacy? Process inadequacy refers to the inability to formulate and execute the necessary steps to achieve the desired outcome. This process inadequacy, in turn, had led foundation to all other factors playing key role in failure of an organization.
In case of other factors, such as uncertainty, it refers to the unpredictability of the external environment that may impact a startup's success. Though is is an external uncontrollable factor, but the organization can have enough flexibility to adapt and adhere to changing environment and demands of the industry. In the case of News Tilt, the founders failed to establish a solid foundation and adapt to the constantly changing landscape of the media industry, which ultimately led to the startup's failure. Lack of ability and deviance are peripheral. They mostly depend upon principal factors. If there had been process adequacy in the startup, the chances of deviation and lacking in the ability would have been less as the procedure would have laid down efficiently and staff would have adhered to it.
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when faced with uncertain conditions, it is always best to sign long-term contracts (because they are typically cheaper) and avoid all flexible capacity (because it is more expensive) t/f
The answer is False, When faced with uncertain conditions, it is not always best to sign long-term contracts because they may not be flexible enough to accommodate changing needs. Flexible capacity may actually be more cost-effective in such situations as it allows for adjustments to be made as necessary.
While long-term contracts may be cheaper in some cases, they are not always the best choice when faced with uncertain conditions. Flexible capacity can provide businesses with the ability to adjust their operations based on changing market conditions, which can be more beneficial in the long run.
In uncertain conditions, it is important to strike a balance between long-term contracts and flexible capacity, depending on the specific needs and circumstances of the business.
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As a leader, you want to show concern for your subordinates' needs. According to the path-goal theory, what type of leadership should you use?
A.Participative leadership
B.Achievement-oriented leadership
C.Supportive leadership
D.Directive leadership
According to the path-goal theory, the type of leadership that a leader should use to show concern for their subordinates' needs is supportive leadership. The correct option is c.
This type of leadership is focused on creating a positive and friendly work environment where the leader is approachable and provides emotional support to their team. Supportive leaders are also committed to their subordinates' personal development and well-being, providing guidance and resources to help them achieve their goals.
This leadership style is particularly effective when subordinates are facing difficult tasks or working under high levels of stress, as it helps to alleviate anxiety and create a sense of camaraderie among team members.
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What are the four principles regarding healthcare of liberal religious groups? Are we following our principles of liberty, democracy, equity and justice, in our current health care system?
Liberal religious groups typically prioritize healthcare as a fundamental aspect of ensuring overall health and wellbeing. The four principles that guide their approach to healthcare are liberty, democracy, equity, and justice.
Liberty refers to the belief that individuals should have the freedom to make their own choices about their healthcare. Democracy emphasizes the importance of involving all stakeholders in healthcare decision-making processes. Equity emphasizes the need to ensure that everyone has access to the same level of healthcare, regardless of their socioeconomic status. Justice emphasizes the need to ensure that healthcare is distributed fairly and that everyone has the opportunity to live a healthy life.
In terms of whether we are following these principles in our current healthcare system, it is a mixed bag. While there have been efforts to increase access to healthcare for all individuals, there are still significant disparities in access and quality of care. Additionally, there are ongoing debates about how to balance individual liberties with the need to ensure equitable and just distribution of healthcare resources. Overall, there is still work to be done to fully align our healthcare system with the principles of liberal religious groups.
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Carla Vista Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is available.
Units Unit Cost Total Cost
April 1 inventory 300 $19 $5,700
April 15 purchase 410 23 9,430
April 23 purchase 290 25 7,250
1,000 $22,380
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold. According to FIFO, the inventory still on hand is made up of products that were bought last.
To compute the April 30 inventory and the April cost of goods sold using the FIFO (First-In, First-Out) method, follow these steps:
1. Determine the total units sold and available for sale:
Sold: 550 units
Available for sale: 1,000 units (300 + 410 + 290)
2. Apply the FIFO method to find the cost of goods sold:
a. Sell 300 units from the April 1 inventory at $19 each: 300 * $19 = $5,700
b. Sell 250 units from the April 15 purchase at $23 each: 250 * $23 = $5,750
(300 + 250 = 550 units sold)
April cost of goods sold (COGS) = $5,700 + $5,750 = $11,450
3. Compute the remaining inventory:
a. 160 units remaining from the April 15 purchase at $23 each: 160 * $23 = $3,680
b. All 290 units from the April 23 purchase at $25 each: 290 * $25 = $7,250
April 30 inventory = $3,680 + $7,250 = $10,930
In summary, using the FIFO method, Carla Vista Company's April 30 inventory is $10,930, and the April cost of goods sold is $11,450.
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his activity is important because firms must communicate with customers for marketing to occur. Marketing mangers use one or more of the five promotional elements to communicate with customers: advertising, personal selling, public relations, sales promotion, and direct marketing. The goal of this activity is to demonstrate your understanding of the differences between the five promotional elements. For each description, select the appropriate category. 1. McDonald's Monopoly-Game that the hamburger chain runs periodically (Click to select) 2. Blue suits/white shirts-Uniform of IBM personnel calling on customers (Click to select) 3. Bombas socks-With the tagline "Bombas socks will knock your old socks right off," Bombas uses Time magazine as its channel of communication. (Click to select) 4. Going green-The newspaper runs a special interest story about how a local business is becoming more environmentally friendly. (Click to select) 5. Buy one/get one free-Joseph A. Bank's deal of the day on suits (Click to select) 6. Mr. Plaid Coat-When you walk into the car dealership, an employee greets you and begins asking questions about your automobile needs. (Click to select) 7. L.L.Bean Catalog-The catalog for outdoor gear, apparel and footwear that is delivered to your home (Click to select) 8. Spam-Those obnoxious emails that come in trying to sell you something (Click to select) 9 Company Annual Report-Sent to all shareholders tells how wonderful the company is10. Allstate Mayhem-Allstate insi featured in its television commercials (Click to select)
Mayhem may take many different forms, even while watching the new March Madness advertisement from Allstate while shooting hoops in the driveway at home.Mayhem, a fictional character, is shown breaking in the 30-second TV ad. Dean Winters, an actor, portrays the title role in an advertisement for Allstate.
Who is the voice talent for the Allstate Mayhem ads?A native of the United States, Dean Gerard Winters was born on July 20, 1964. He is well-known for playing Ryan O'Reily on the HBO prison drama Oz. He has also appeared in episodes of Rescue Me, 30 Rock, Sex and the City, Law & Order: Special Victims Unit, and portrayed "Mayhem" in a number of Allstate Insurance commercials.
Which advertisement debuted before Mayhem?Mayhem, the fictional character portrayed by actor Dean Cain, was initially presented by Allstate in 2010.
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financial analysis indicates a company's relative strengths and weaknesses. -select- use this information to improve the firm's operations and stock price; -select- use this information to evaluate whether borrowers have the ability to pay off loans; and security analysts use this information to forecast earnings, dividends, and stock prices. financial analysis compares a firm's performance to other firms in the same industry and evaluates trends in the firm's financial position over time. -select- are the tools used in financial analysis and they are grouped into five categories: (1) liquidity, (2) asset management, (3) debt management, (4) profitability, and (5) market value.
Financial analysis is an essential tool for evaluating a company's financial position and making informed decisions about its future. By using the tools of financial analysis, companies, lenders, and investors can gain valuable insights into a company's financial performance and use this information to make decisions that will improve the company's operations, evaluate borrowers' ability to repay loans, and predict future stock prices.
One way that companies can use financial analysis to improve their operations is by identifying areas of weakness and implementing strategies to address them. For example, if a company's financial analysis indicates that it has high levels of debt compared to other companies in the same industry, it may consider refinancing its debt to reduce its interest payments and improve its overall financial position. Another important use of financial analysis is in evaluating whether borrowers have the ability to pay off loans. Lenders use financial analysis to assess the creditworthiness of borrowers and determine the risk associated with lending them money.
By analyzing a borrower's financial statements and credit history, lenders can determine whether they are likely to repay the loan and make informed decisions about whether to lend money to them.Finally, financial analysis is also used by security analysts to forecast earnings, dividends, and stock prices. By analyzing a company's financial statements and trends in its financial position, security analysts can make predictions about the company's future performance and provide guidance to investors about whether to buy or sell its stock.
This information is essential for investors who are looking to make informed decisions about which companies to invest in and can have a significant impact on a company's stock price.
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identify the weaknesses in phc's inventory-taking procedures. what implications did those weaknesses have for the two teams of auditors?
The weaknesses in PHC's inventory-taking procedures include a lack of proper documentation, inadequate training of personnel, and the absence of regular checks and balances.
These weaknesses had significant implications for the two teams of auditors who were responsible for reviewing the inventory records. The auditors were unable to rely on the accuracy and completeness of the inventory records, and this made their job more challenging.
Additionally, the weaknesses in PHC's inventory-taking procedures could have resulted in inaccurate financial statements, misappropriation of assets, and potential fraud. Therefore, it is crucial for PHC to address these weaknesses to ensure that its inventory records are reliable and accurate. This will not only facilitate the work of auditors but also promote transparency and accountability within the organization.
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is the hardness of martensitic steel, pearlitic steel, and spheroidized steel the same at equal carbon content? explain in detail why the hardness is the same or different in the three materials.
No, the hardness of martensitic steel, pearlitic steel, and spheroidized steel is not the same at equal carbon content. The reason for this is that each type of steel undergoes different heat treatments and therefore has a different microstructure, which affects its mechanical properties.
Martensitic steel is known for its high hardness and strength due to its rapid quenching from high temperatures, which results in a highly disordered structure with a high density of defects. Pearlitic steel, on the other hand, is a type of low-alloy steel that is characterized by its fine lamellar structure, consisting of alternating layers of ferrite and cementite. This structure provides good strength and ductility, but it is not as hard as martensitic steel.
Spheroidized steel is a type of heat-treated steel that has been annealed at a high temperature, resulting in a more uniform, spherical structure. This structure provides good ductility and toughness, but it is not as hard as martensitic steel.
Therefore, at equal carbon content, the hardness of these three types of steel will differ due to their different microstructures resulting from their different heat treatments. Martensitic steel will have the highest hardness, followed by pearlitic steel, and then spheroidized steel.
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Biddle Company uses EVA to evaluate the performance of division managers. For the Wallace Division, after-tax divisional income was $465,000 in year 3. The company adjusts the after-tax income for advertising expenses. First, it adds the annual advertising expenses back to after-tax divisional income. Second, the company managers believe that advertising has a three-year positive effect on the sale of the company's products, so it amortizes advertising over three years.
Advertising expenses in year 1 will be expensed 53 percent, 34 percent in year 2, and 13 percent in year 3.
Advertising expenses in year 2 will be expensed 53 percent, 34 percent in year 3, and 13 percent in year 4.
Advertising expenses in year 3 will be amortized 53 percent, 34 percent in year 4, and 13 percent in year 5.
Third, unamortized advertising expenses become part of the divisional investment in the EVA calculations. Wallace Division had incurred advertising expenses of $126,000 in year 1 and $226,000 in year 2. It incurred $266,000 of advertising in year 3.
Before considering the unamortized advertising, the Wallace Division had total assets of $4,265,000 and current liabilities of $613,000 at the beginning of year 3. Biddle Company calculates EVA using the divisional investment at the beginning of the year. The company uses a 13.3 percent cost of capital to compute EVA.
Required: Compute the EVA for the Wallace Division for year 3. (Negative amount should be indicated by a minus sign. Round your final answer to the nearest dollar amount.)
EVA is a more true depiction of the company's performance, hence I would advise adopting it as the performance indicator. Because the 4-year EVA advertising campaign's long-term advantages are taken into account, the EVA estimate is more precise.
Residual income equals (Operating Income - Cost of Capital x Invested Capital)
= ($129,400) - ($630,000 - (0.06 x 5,690,000)
EVA equals (Operating Income - Cost of Capital x Adjusted Invested Capital)
= (630,000 - 0.06 x (5,690,000 - (70,000/4)
= $89,400 There is a difference between the solutions to requirements 1 and 2 in that the residual income calculation does not account for advertising costs, whereas the EVA calculation does. ROl clothing=(After-tax operating income from sales/invested assets)*A100 ROI clothing
=($1,600,000/$8,,000,000)"A100 ROl clothing=20% ROl cosmetics
=($1,200,000/$4,800.000)A100 ROl Cosmetics
=25% To calculate the residual income, we must use the following formula: ROl clothing=($1,200,000/$4,800.000)A100 ROl Cosmetics=25%.
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Suppose that a country's inflation rate increases sharply.
- What happens to the inflation tax on the holders of money?
- Why is wealth that is held in savings accounts not subject to a change in the inflation tax?
- Can you think of any way holders of savings accounts are hurt by the increase in the inflation rate?
If a country's inflation rate increases sharply, the inflation tax on the holders of money also increases.
This means that the purchasing power of money decreases, and people need to spend more money to buy the same goods and services. As a result, the government indirectly taxes the holders of money by reducing their real income.
Wealth held in savings accounts is not subject to a change in the inflation tax because savings accounts usually pay interest that is designed to keep up with inflation. Therefore, the purchasing power of savings accounts remains relatively stable even if the inflation rate increases.
However, holders of savings accounts can still be hurt by an increase in the inflation rate if the interest rate on their account does not keep up with inflation. This means that the real return on their savings will be negative, and they will effectively lose money over time. Additionally, if the inflation rate is very high, it can lead to economic instability, which can have negative effects on the value of savings and investments.
When a country's inflation rate increases sharply:
- The inflation tax on the holders of money also increases. This is because the value of their money holdings decreases as the purchasing power of money declines due to higher inflation.
- Wealth held in savings accounts is not subject to a change in the inflation tax because interest rates usually adjust to account for the inflation rate. This means that the nominal interest rate on savings accounts may rise, offsetting the loss of purchasing power due to inflation.
- However, holders of savings accounts can still be hurt by an increase in the inflation rate if the interest rates on their accounts do not adjust quickly enough or if they are lower than the inflation rate. In this case, the real value of their savings would decline as the purchasing power of money decreases.
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incurred manufacturing overhead costs: $ 7 comma 500 in machinery depreciation; paid $ 2 comma 800 for rent and $ 1 comma 290 for utilities (prepare a single compound journal entry.)
The journal entry to record the incurred manufacturing overhead costs would be:
Debit Manufacturing Overhead $11,590
Credit Accumulated Depreciation $7,500
Credit Rent Expense $2,800
Credit Utilities Expense $1,290
Manufacturing overhead is a broad category that includes all indirect costs associated with the production process. In this case, the company incurred $7,500 in machinery depreciation, $2,800 in rent, and $1,290 in utilities expenses. To record these costs in the accounting system, we need to debit Manufacturing Overhead and credit the relevant expense accounts. Additionally, we need to credit Accumulated Depreciation to account for the decrease in the value of the machinery due to its use over time.
Therefore, the total amount of the journal entry would be $11,590, which is the sum of all the costs incurred.
Journal entries are records of financial transactions flowing in and out of your business. These transactions all get recorded in the company book, called the general journal.
Journal entries are the very first step in the accounting cycle. The main thing you need to know about journal entries in accounting is that they all follow the double-accounting method.
What this means is that for every recorded transaction, two accounts are affected - and as a result, there is always a debit entry and a credit entry.
Before diving into the nits and grits of double-entry bookkeeping and writing journal entries, you should understand why journal entries are so important for a business.
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Amazon's shopping experience for many products is superior. But when it comes to selling clothing, shoppers have a hard time finding what they are looking for. This shows that Amazon is not so good at performing the function. a. physical distribution
b. negotiation
c. information d. financing
e. matching
Even if Amazon's customer experience rankings appear to be at an all-time high, recent patterns indicate that its reign as the industry leader in CX may be coming to an end.
Describe the Amazon experience.Over 1 million employees worldwide of Amazon depend on the technology and services provided by Amazonian Experience and Technology (AET) on a daily basis. We reimagine HR norms by operating at the nexus of empathy and technology. We innovate for our clients, who are also our coworkers.
How does Amazon's business model improve the user experience?Utilizing the omnichannel marketing approach is another method Amazon maintains a consistent and seamless customer service experience. The goal of omnichannel marketing is to provide customers with a seamless experience regardless of how they interact with the product or service.
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An effectively worded mission statement does not Multiple Choice:
- specifically mention the enterprise's present business and purpose.
- describe the company's current business and purpose: who we are, what we do, and why we are here. - identify the company's products and/or services.
- specify the buyer needs that the company seeks to satisfy and the customer groups or markets it serves.
- express that making a profit is the company's true business purpose.
An effective mission statement describe the company's current business and purpose and the purpose of company. Description such as who we are, what we do, and why we is company here. it should give a short and clear description of the firm's current operations as well as its goals
The company's products and/or services should be mentioned in the mission statement, along with the customer groups or markets the company serves and the buyer needs it attempts to satisfy. It should also be made clear that the company's primary goal is to make a profit.
It should also specify the consumer groups or markets the firm serves, the company's target markets, and the products and/or services the company offers.
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What is more common in business project management today?
a. Activity on Arc (AOA)
b. Activity on Node (AON)
c. Activity on Path (AOP)
d. Activity on Arrow (AOA)
The correct answer is "Activity on Node (AON)." is more common in business project management today
Activity on Node (AON) is a type of project management technique that is commonly used in business project management today. It is also known as the Precedence Diagram Method (PDM) and is used to model the dependencies between tasks in a project.
In AON, nodes represent the tasks or activities in the project, and arrows represent the dependencies between them. The nodes are arranged in a logical sequence, and the arrows indicate the order in which the tasks should be completed. The length of the arrow represents the duration of the task.
Activity on Arrow (AOA) is an older technique that is not commonly used today. It is similar to AON, but the arrows represent the activities, and the nodes represent the dependencies between them.
Activity on Path (AOP) is not a commonly used project management technique. It is a method of scheduling projects that involves creating a network diagram of the project, and then identifying the critical path, which is the sequence of tasks that must be completed on time in order for the project to be completed on schedule.
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When two firms operating in different stages of related businesses join, it is called a(n) ______merger
When two firms operating in different stages of related businesses join, it is called a conglomerate merger.
A conglomerate merger is a type of merger in which two companies that operate in unrelated industries or business areas come together to form a single entity.
Unlike a horizontal merger, which involves two companies that operate in the same industry or market, or a vertical merger, which involves two companies that operate in different stages of the same industry, a conglomerate merger involves two companies that have little to no overlap in their products, services, or markets.
The primary goal of a conglomerate merger is typically to diversify the company's portfolio and reduce risk by expanding into new industries or markets. However, these types of mergers can also be challenging to manage, as the companies involved may have different cultures, operating styles, and business models.
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